European Property Investors Special Opportunities 3 (EPISO 3), an opportunity fund advised by Tristan Capital Partners, has agreed to sell the Zakopianka Shopping Centre in Krakow, Poland, to Echo Polska Properties for approximately €54m.
EPISO 3 is selling the 27,463m² shopping centre located on a retail park in southern Krakow. The transaction excludes the Carrefour hypermarket and Castorama store, which border the shopping centre and are separately owned.
EPISO 3 has owned the shopping centre since 2013, when it was part of a five-property portfolio acquired from Australia’s Charter Hall Retail REIT as it exited the European market. The sale of Zakopianka Shopping Centre is scheduled for completion in the second quarter of 2017.
Tristan was advised by Dentons law firm and Balmain Asset Management. Echo Polska Properties were advised by Linklaters and Savills.
