Tristan acquired Dąbrówka

Charter Hall Retail has concluded the sale of its five Polish shopping centers. The list also includes the Katowice mall called “Dąbrówka”. The buyer is the opportunity fund European Property Investors Special Opportunities 3 (EPISO3) managed by Tristan Capital Partners.

The parties had signed preliminary agreements in June and the transaction was just closed, according to the Eurobuild CEE magazine. The fund acquired four shopping centers in southwest Poland (“Arena” in Gliwice, “Borek” in Wrocław, “Dąbrówka” in Katowice and “Zakopianka” in Kraków) and one in northwest Poland (“Turzyn” in Szczecin).

The aggregate area of all assets in the portfolio is 65 054 sq. meters. Each of the centers is anchored by Carrefour, however the hypermarkets are not included in the transaction.

Tristan bought the five centers for EUR 174,5 million. The buyer was advised by Allen & Overy in this transaction, while the Warsaw real estate team of Dentons was advising Charter Hall Retail. EUR 120 million loan for the fund was provided by pbb Deutsche Pfandbriefbank.

“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.