C&W were instructed in the first half of 2014 by Lewandpol Sp. z o.o. to dispose of Galeria Mazovia.
We used our EMEA network to target specific investors and our strong local office, given the target relatively small lot size of the asset. Following initial meetings, investors were invited to the sign an NDA, access the marketing data room and prepare their offers for the tender.
The parties were invited to bid, and a number of offers at the required pricing levels were received from retail specialists, insurance companies and other global capital sources. This resulted in several offers being received from local and international investors, demonstrating a previously untapped appetite for this type of asset in the Polish market resulting in a successful and smooth disposal process. CBRE Global Investors achieved the highest purchase price and after due diligence acquired the shopping centre for c. EUR 70 million.