Henley expands European portfolio into Poland with debut shopping center acquisition
Henley Investments has purchased its first shopping center as it enters the Polish real estate market with the acquisition of Galeria Pestka from a global investment manager. The financial terms were not disclosed.
The 42,000-square-meter (452,000-square-foot) shopping center in Poznan is a hypermarket-anchored scheme and builds on Henley’s recent retail acquisitions across supermarkets and retail parks. This includes the recent acquisition of Regent Retail Park in Manchester, U.K., last year.
The multi-story Galeria Pestka has a diverse tenant line-up headed up by international tenants, such as Carrefour and Bricomarche.
Justin Meissel, CIO and managing director Europe at Henley Investments, said, “As retail real estate continues to evolve, complementing ecommerce and absorbing the impacts of COVID-19, we believe well-located assets such as Galeria Pestka with a great tenant mix will continue to perform well. Through Henley’s active asset management app