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CBRE Global Investors acquires Jantar shopping centre in Słupsk

Jantar Słupsk
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CBRE Global Investors has acquired the Jantar Shopping Centre in the city of Słupsk (northern Poland) from Tristan Capital Partners. Cushman & Wakefield represented the seller in the transaction, together with Dentons. Savills and Linklaters represented the buyer.

Jantar Shopping Centre is one of the largest retails schemes in the Central Pomerania region comprising 44,364 sq m GLA with a diversified collection of 140 retailers. The centre was opened in 2008, extended in 2011 and 2012. Key anchors include Intermarché, Media Markt, Decathlon, H&M, Zara, Jula, Cubus, Carry, Bershka, New Yorker, CCC, Cropp, Empik, Deichmann, Douglas, KFC, Pull&Bear, Smyk and RTV Euro AGD. The centre boasts ca. 95% occupancy, offering customers a simple layout, attractive tenant mix and an extensive free parking facility with 1,100 spaces. The scheme also features a leisure part with six-screen Multikino, 12-lane bowling alley, numerous cafés and restaurants, and children's playground. There is excellent access to the shopping centre by car as well as by public transport. The total catchment area defined as the area within a 30-minute drive from Jantar encompasses 240,000 people.

CBRE Global Investors is a global real estate investment management firm with $89.0 billion in assets under management. The firm sponsors investment programs across the risk/return spectrum for investors worldwide. CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. It harnesses the research, investment sourcing and other resources of the world’s premier, full-service commercial real estate services and investment company for the benefit of its investors.

Tristan Capital Partners is a London-based, real estate investment management boutique specialising in real estate investment strategies across the UK and Continental Europe. Tristan’s pan-European real estate funds include core-plus and value-added/opportunistic strategies with total assets under management of over €7 billion.

Anthony Selman, Partner, CE Capital Markets at Cushman & Wakefield, said: “This represents another significant retail transaction in Poland and an increasing tendency towards long-term, strategic investments confirming Poland’s position as a destination for institutional capital. Cushman & Wakefield is delighted to have advised Tristan Capital Partners in the sale of Jantar Shopping Centre.”