Acquire a profitable shopping complex in a market with very low vacancy rates and high consumer retail purchase growth ratesThe Business
This Shopping Center was established in 2010 with 8,962sqm, and it is now fully leased. Tenants pay all expenses. The Shopping Center has a net income of EUR 930,000 per annum. Upon lease agreement expiry, income could be improved by increasing rent rates.
Market
Poland was one of the few countries to escape the global financial crisis, and it is considered financially and politically very stable. The recent EURO 2012 soccer games put Poland under the spotlight as a future tourist destination.
Shopping centers are a fairly new phenomenon in Poland and they are gaining acceptance as locations for entertainment and leisure facilities. CBRE, the global commercial real estate firm, recently stated that it expects the Poland retail market to keep growing, and provide vacancy rates under 1%, since the supply of new malls in the pipeline remain minimal. The lack of available space continues to push rents higher.
Sector: Real EstateSegment: Shopping MallRegion: Central/Eastern EuropeFinancing Size: $5m to $20mContact: Paul Kazarian
Company: Phoenicia Capital Advisory SALTelephone: +961 71 509 506Email: [email protected]