In one of Europe’s biggest deals of the year, the German fund Union Investment Real Estate acquired the Manufaktura shopping center in Poland, the Puls Biznesu daily reported. Market analysts are speculating the transaction could be worth as much as €400m, though the exact sales figure has not been disclosed. Completed in 2006, Manufaktura was a €200m investment by French companies Apsys, Fonciere Euris and Rallye. The center pulls in an annual profit of €24m. “After Trzy Stawy mall, Manufaktura is to be out next investment in Poland,” said Fabian Hellbusch of Union Investment, adding that the fund expects to close the deal by the end of the year. In addition to Manufaktura, Union Investment’s Polish portfolio including Warsaw’s Lipinski Passage (€35m), Horizon Plaza (€102m) and Zebra Tower (€76m).
