Commercial real estate news releases from Avison Young
Quarterly and topical research insights to help your business gain competitive edge in commercial real estate.
Avison Young advised Hunter REIM in closing portfolio sales to Centerscape InvestmentsJune 6, 2022
Avison Young advised Hunter REIM in closing portfolio sales to Centerscape Investments
In December 2021, Centerscape Investments acquired from Hunter REIM two retail parks located in Warsaw and Inowroclaw, offering ca. 4,550 square meters of leaseable space, both assets having Netto chain as the grocery anchor operator. Currently, Centerscape closes this portfolio transaction by acquiring the last property constituting the portfolio – retail park in Torun.
The property has 1,424 sqm GLA and also Netto as the grocery anchor tenant.
“The transacted properties are all attractively located retail parks with a strong anchor tenant - a grocery operator. This type of investment product is currently one of the most sought-after on the market, evolving dynamically since 2020. Developers compete in securing land for new investments, therefore acquiring already existing assets is also a very good strategy, ensuring the purchase of property in good locations, with an established position among local communities. " - comments Artur Czuba, Associate Director at Avison Young.