Tristan gets loan for acquisition of Dąbrówka

pbb Deutsche Pfandbriefbank provides a EUR 120 million loan to a fund advised by Tristan Capital Partners for a retail portfolio in Poland. The assets include the Katowice shopping mall “Dąbrówka”.

The loan will be used to acquire a portfolio of five shopping centers in Gliwice, Katowice, Kraków, Szczecin and Wrocław from Charter Hall Retail REIT. The transaction was signed in June 2013. The Katowice center is anchored by a hypermarket owned separately by Carrefour, although this is not part of the transaction. The acquisition is expected to be finalized by the end of the third quarter.

Tristan Capital Partners is an independent London-based real estate investment management company, specializing in investment strategies in all property types across the UK and continental Europe for select institutional and private investors.

“Dąbrówka” is located at 200 Roździeńskiego Av. in the north-east part of Katowice. The mall was opened in 1999 and covers 2 762 sq. meters. There are approximately 800 car park spaces and 22 shops. Among key anchors are: RTV Euro AGD, CCC, Koodza, W. Kruk and Vision Express. Hypermarkets of Carrefour and Castorama also border upon the mall.