Chariot Group, an investment platform managed by Griffin Real Estate, has sold M1 Marki shopping centre to Redefine Europe. The deal, which value remains undisclosed, is another successful sale that Chariot has performed this year, in line with the platform’s divestment strategy.
"M1 Marki shopping centre offers a long-term investment value. M1 Marki with an established position on the local market continues to attract visitors who choose it for its location, convenient offer, and provided services. We are happy that a player such as Redefine has noticed the investment potential of the property from our portfolio. Our decision about the sale is in line with Griffin Real Estate long-term direction, aimed at optimising our portfolio with a divestment strategy," said Piotr Fijołek, Senior Partner at Griffin Real Estate, responsible for the Chariot platform.
"We are very pleased with this purchase. Since the Polish retail market has been quickly recovering from the COVID pandemic, we have been looking for opportunities to strengthen our presence in Poland. This asset is a great addition to our portfolio. Convenience centres with a good offer for everyday shopping are currently a growing share of the market, producing profits and thus having a good long-term perspective," commented said Pieter Prinsloo, Chief Executive Officer at Redefine Europe.