Patron Capital, the pan‑European real estate investment manager and investor focused on property‑backed investments, in partnership with Trei Real Estate (“Trei”), an international developer and asset holder for residential and retail real estate, announces the sale of six Polish retail parks to a joint venture between Generali Investments CEE (Generali Fond Realit) and SCF (SCF Investment Partners SICAV), for circa €110 million.
The six food-anchored convenience assets were developed as part of a joint venture, established in 2021, between Patron Capital’s Fund VI and Trei. Comprising a total of 68,000 sqm of GLA, the assets are located across Poland, in Chorzów, Otwock, Skarżysko-Kamienna, Szczecin, Kostrzyn nad Odrą, and Zambrów.
Wiktor Lesinski, Investment Director & Partner at Patron Capital, said: “The strong fundamentals underpinning the Polish market combined with an ongoing shift towards convenience-driven shopping has meant the retail park sector continues to perform very well. The sector’s resilience through economic cycles, supported by a relative undersupply of modern retail formats in regional cities and towns, have created a compelling investment case for Patron. This transaction reflects both the quality of the assets we have developed with Trei and our continued confidence in the Polish retail park sector.”
Media Enquiries to:
Polly Warrack/James Carnegie t: +44 (0)7827 486224
SEC Newgate e: patron@secnewgate.co.uk
About Patron Capital Partners
Patron represents approximately €5.5 billion of capital raised across funds and related co-investments, investing in property, corporate operating entities whose value is primarily supported by property assets and distressed debt and credit related businesses.
Since it was established in 1999, Patron has undertaken more than 200 transactions across 117 investments and programs involving over 9 million square metres in 17 countries, with many of these investments realised.
Investors represent a variety of sovereign wealth funds, prominent universities, major institutions and private foundations located throughout North America, Europe, Asia and the Middle East. The main investment adviser to the Funds is Patron Capital Advisers LLP, which is based in London, and Patron has other offices across Europe including Barcelona and Luxembourg; the group is comprised of 67 people, including a 43-person investment team.
Further information about Patron Capital is available at www.patroncapital.com
