Poznan City Center Acquisition

Award: Investment Deal of the Year, CEE
Name of deal: Poznan City Center Acquisition
Value of the transaction (in EUR): 227,000,000

Yield: confidential
Seller, plus brief information about the company: Trigranit (one of the largest developers in Europe) and Europa Capital (real estate fund manager focused on European markets)
Consultancy which advised Seller: no advisor on the sell side

Purchaser, plus brief information about the company:

Resolution Property (a leading European real estate investor) and ECE European Prime Shopping Center Fund (involved in developing/building/leasing out/and managing large commercial properties)
Consultancy which advised Purchaser: CBRE

Financing institution: Aareal Bank AG and pbb Deutsche Pfandbriefbank
Why this deal should be considered for the award:

Poznan City Center, developed by Trigranit/Europa Capital, was newly opened in October 2013, is one of Poznan’s most popular shopping centers, located next to the main railway station. The Property, totaling 58,000 sq m of retail space, is occupied by 230 tenants such as TK Maxx, Toys’R’Us, H&M, Saturn, Royal Collection, Sportsdirect, Piotr & Paweł, Reserved and many more. Representing one of the largest retail deals of 2014 CBRE advised Resolution & ECE on the acquisition of Poznan City Center from the initial introduction and brokerage of the deal with Trigranit/Europa Capital through full commercial due diligence and closing of the transaction. The deal represents one of the largest retail deals of the year with a volume of EUR227mln. The yield is confidential. The parties involved in this transaction were some of the most experienced retails developers and investors and CBRE played a pivotal role throughout this process and supported their client all the way.

Main Sponsor