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Poland: Galeria Mazovia to be sold



CBRE European Shopping Centre fund receives Ђ21M facility from Deutsche Pfandbriefbank.
The CBRE European Shopping Centre Fund which is advised and managed by CBRE Global Investors has been provided with a medium-term acquisition facility of Ђ21m by pbb Deutsche Pfandbriefbank for its purchase of Galeria Mazovia, a shopping centre in Plock. Pbb is the sole hedge provider and lender for the facility. The transaction was completed during June 2014.
Mozovia-1.jpg

The shopping centre was opened during 2010, with a net leasing area of 28485mІ. Its main tenants are popular retail chains, including Zara, Reserved, Piotr i Pawel and Media Markt.The Head of Real Estate Finance International, UK & CEE at pbb Deutsche Pfandbriefbank, Charles Balch, said that the banking institute is very pleased to have offered support to CBRE Global Investors with their latest acquisition. It is of the opinion that the real estate market in Poland offers good opportunities for asset managers investing in regional centres.

More about shopping malls in Poland

TODAY, China:
One of the largest companies in the Asian real estate market, CapitaLand Retail opens all its shopping centers in China.
TODAY, Sweden:
Swedish fashion retailer H&M, the second-largest player in the world market, has announced plans to buy back all products from suppliers.
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Faced with an extremely adverse reaction, Adidas apologized and said it would still pay rent for April.
Apr 2, 2020, USA:
The WeWork network of coworkers has started offering tenants to halve their rents, provided they sign a lease agreement for several months.
Mar 31, 2020, France:
The brand will refocus some of its production capacity on producing masks and other protective equipment to join the global fight against the pandemic.
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