Transactions - NOVEMBER 30, 2015

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Deutsche fund buys Polish mall for €297m

by Andrea Waitrovich

Grundbesitz Europa, an open-end real estate fund of Deutsche Asset & Wealth Management, has purchased Stary Browar, a retail mall located in Poland, for €297 billion ($313.7 million). The seller was Poland-based developer Fortis.

Stary Browar is visited by nearly 10 million people per year. There are 220 shops, restaurants, bars and cafes, cinemas, music clubs, offices, medical center. It totals 505,904 square feet of retail space; 51,129 square feet of office space; 75,347 square feet of events, exhibition and warehouse space; and 1,000 parking spaces. Currently, the largest tenants include H&M and Inditex Group.

Grundbesitz Europa currently has €4.8 billion ($5.1 billion) of assets, consists of 52 properties, seven of which are located in Poland.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy