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Cushman & Wakefield advises CBRE Global Investors on its acquisition of Sfera shopping centre in Bielsko-Biała, Poland

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Cushman & Wakefield, a leading global real estate services firm, has advised CBRE Global Investors on the acquisition of the 61,900 sq m Sfera Shopping Centre in Bielsko-Biała.

The Sfera Shopping Centre is a mixed-use scheme located in the centre of Bielsko-Biała, in the Podbeskidzie region in the south of Poland. It occupies a favourable position next to the main railway station and boasts 97.2% occupancy. Situated in the very heart of the city has become a focal and social point for the inhabitants.

Sfera is a dominant regional shopping centre comprising of two phases completed in 2001 and 2009. Built to a high specification, with modern and friendly architecture, it provides approx. 61,878 sqm of GLA arranged over three retail levels, including international fashion retailers H&M, C&A, New Yorker, KappAhl, Zara, Massimo Dutti, Bershka, Pull & Bear and Stradivarius. The scheme also features a leisure part with seven-screen Helios cinema and bowling space. Additionally, it offers 2,427 sqm of office space, the 122-room Qubus hotel and 2,068 parking spaces.

CBRE Global Investors is the leading retail investment manager in EMEA with €14.8 billion of non-listed retail assets under management, 736 retail assets (of which 85 are shopping centres) across 15 countries and over 6,800 retail tenants. With this acquisition, the portfolio will consist of six shopping centres comprising more than 239,000 sqm of GLA.

Grzegorz Ryszka, Transaction Manager, CBRE Global Investors, said: "The acquisition of Sfera demonstrates CBRE Global Investors’ interest in and ability to buy dominant shopping centres in these attractive economic growth markets. We want to continue the programme of bringing in new tenants, particularly strong fashion retailers, to support our plans to add value and achieve rental growth in the short term.”

Monika Woźniak-Zawioła, Director Retail in Capital Markets, Cushman & Wakefield, said: “Sfera is a leading and established all-in-one shopping destination in the south of Poland. This is one of several large scale transactions taking place in Poland in 2015 which is shaping up as a record year for retail investment.”

CBRE Global Investors was advised by Cushman & Wakefield, Linklaters and CBRE Building Consultancy.