In a transaction worth €92m, CBRE Global Investors has acquired the Jantar shopping center in Slupsk for one of its separate account clients from Tristan Capital Partners. The price represents a yield of 7.1 percent. CBRE Global Investors was advised by Linklaters, Savills and CBRE Building Consultancy, while Tristan Capital Partners, was advised Cushman & Wakefield and Dentons. Located in the northern part of Słupsk, the regional retail center offers a total of 44,364 sqm.
“Retail investments in Polish second-tier cities are offering prime investment opportunities and are in line with our strategy. Our long-standing team continues to be active on the ground looking to source additional investments for our clients,” said Martin Sabelko, Managing Director CEE, CBRE Global Investors.
The Jantar shopping center was one of six retail investments in Tristan’s Polish regional portfolio along with the others being Centrum Handlowe Borek, Centrum Handlowe Dąbrówka, Park Handlowy Zakopianka, Centrum Handlowe Turzyn, Park Handlowy Arena.
