Through the transactions, two shopping malls in Poland and an office building have been added to the portfolio of the Futureal Group's newly established real estate investment and asset management business.
The company acquired the 30,345 sqm Galeria Bemowo shopping center in Warsaw and the 25,570 sqm Manhattan shopping center in Gdańsk. Both complexes have an excellent location, spacious parking area, and 120 shops that have attracted major tenants such as Carrefour. The Wratislavia Tower located in Wrocław, one of the largest Polish cities, is also part of the acquisitions. Only 300 meters from the city’s main square, the 11-story glass-walled building offers 12,000 sqm of office and service space including a cinema, a fitness center, and 140 underground parking spaces.
“All three of our recently announced projects fit perfectly into our investment strategy to deliver high returns. We invest in properties with excellent potentials to reposition them with high expertise that will further increase their value in the market,” emphasized Karol Pilniewicz, chief investment officer at Futureal Investment Partners.
“We have launched Futureal Investment Partners with the view of becoming the partner of choice for institutional investors seeking value-add and opportunistic real estate exposure. Futureal Investment Partners operates as an independent platform, however it leverages the collective experience and network of our 500+ people real estate teams and two decades of deal-making and development history,” added Gábor Futó, founder and main shareholder of Futureal Group.
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