Pruim, a company managed by Griffin Real Estate, has sold six retail properties with a total GLA of over 107,600m² to a confidential buyer. The value of the transaction is €87m.
The hypermarkets are located in Szczecin, Rybnik, Słupsk, Gdansk, Nowy Sacz and Lublin. All the assets are fully leased to Auchan Poland based on a 12-year lease extension agreement signed last year. The transaction is in line with the divestment strategy adopted by Griffin Real Estate for part of its retail assets.
"These properties have a long history of good performance and have secured with long-term lease agreements with Auchan – retailer with an established position on the Polish market. The successful sale of this portfolio confirms that high-quality retail properties are still in demand," said Piotr Fijołek, Senior Partner at Griffin Real Estate, responsible for the transaction.