Large commercial park in Poland was transacted for €103 million
Large commercial park in Poland was transacted for €103 million
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Large commercial park in Poland was transacted for €103 million

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RE+D magazine
03.08.2023

Frey has completed the acquisition of the Matarnia Park Handlowy retail park in Gdansk, Poland from Ingka Centers for €103m (including transfer tax).

Ideally located in one of Poland's most dynamic cities, Matarnia Park Handlowy also benefits from one of Poland's first IKEA stores.

This acquisition also marks FREY's first investment in Poland, one of the fastest growing economies in Europe. Matarnia Park Handlowy is located 10 km south-east of Gdansk, a port city on the Baltic Sea, and is a 52,278 sqm retail park offering strong features such as a strategic location with excellent accessibility. According to the company it ensures a recurring and assured profitability with a current occupancy rate of 98% and a net annual rental income of approximately 8 million euros.