Patron Capital, the Pan‑European real estate investment manager and investor focused on property‑backed investments, in partnership with Trei Real Estate has sold six Polish retail parks to a joint venture between Generali Investments CEE (Generali Fond Realit) and SCF (SCF Investment Partners SICAV), for €110 million ($127 million).
The six food-anchored convenience assets were developed as part of a joint venture, established in 2021, between Patron Capital’s Fund VI and Trei. Comprising a total of 68,000 square meters (731,946 square feet) of gross leasable area (GLA), the assets are located across Poland, in Chorzów, Otwock, Skarżysko-Kamienna, Szczecin, Kostrzyn nad Odrą, and Zambrów.
Wiktor Lesinski, investment director and partner at Patron Capital, said: “The strong fundamentals underpinning the Polish market combined with an ongoing shift towards convenience-driven shopping has meant the retail park sector continues to perform very well. The sect