Apsys and Euris/RallyeGroup, advised by HSBC, have initiated one of the largest real estate transactions of this year so far with Unilmmo:Deutschland, an open ended fund of Union Investment AG - the sale of the Manufaktura leisure and shopping center in Lodz (Poland), the largest shopping center in Central and Eastern Europe.
Manufaktura's visitors reached ca. 20 million in 2011.
Manufaktura: a successful trophy asset
The Manufaktura complex which opened in 2006 and covers a catchment area of over 2.5 million people, has successfully positioned itself as a performance venue through a variety of concerts, open-air cinema and other public events.
Manufaktura shopping center is the key part of a major multifunctional urban revitalization of the former textile factory built at the end of the 19th century. The brick, historical buildings were renovated and brought back to life. The development comprises three museums, a design four star hotel with a conference center as well as the Manufaktura shopping center.
Manufaktura shopping center was opened to the public on May 17, 2006. It houses 307 units on 112,000 m² GLA of retail and entertainment area and 2,955 parking spaces. It has been awarded with the Global Award for Excellence by the Urban Land Institute and Award for the Best European Very Large Shopping Centre by the International Council of Shopping Centres.
The center is anchored by retailers such as Real, Leroy Merlin, Cinema City, Van Graaf, Inditex group, C&A, H&M, Alma, Saturn and many other.
Manufaktura has proved its leading position in the region with the number of its visitors reaching ca. 20 million in 2011. It has a very low vacancy ratio with an average of only three units vacant and 99.7% of rental collection ratio.
Manufaktura is a truly unique complex not only because of its size, but also because of its architecture, quality, tenant mix, city center location and functionality. The layout of the center was arranged so that the visitors come to the spectacular main public square - known as Rynek - which leads them to the shopping, cultural and leisure sections of the complex.
Manufaktura has been awarded with an 'Excellent' BREEAM in-use certificate for its sustainable operation.
Source: Effective Public Relations