purchase of Focus Mall, Bydgoszcz, Poland
| Award: |
Investment Deal of the Year, CEE |
| Name of the deal: |
purchase of Focus Mall, Bydgoszcz, Poland |
| Value of the transaction (in EUR): |
122 000 000 |
| Yield: |
not applicable |
| Seller, plus brief information about the company: |
Aviva Investors, a company offering investment services |
| Consultancy which advised Seller: |
not applicable |
| Purchaser, plus brief information about the company: |
Atrium - a leading owner, operator and developer of shopping centres in Central and Eastern Europe |
| Consultancy which advised Purchaser: |
CBRE |
| Financing institution: |
the own funds of the company |
| Current occupancy level: |
98% of mall’s GLA is now occupied |
| Please say why this deal should be considered for the award: |
Buying a new facility was in line with the strategy of the Atrium Poland, whose aim is to gain a leading position in its key markets by acquiring reputable, profitable shopping centers in major Polish cities. The acquisition of Focus Mall helped Atrium expand portfolio with another leading modern shopping center, according to a strategy of gradually acquiring established, profitable buildings in the economically strongest countries of Central and Eastern Europe. This fact helped enrich the portfolio of income properties, and opened Atrium the way for achieving the fundamental goal, which is to take up the position of the dominant owner and operator of shopping centers. |
