CIJEurope.com: Futureal Investment Partners announces real estate investments in Poland
Futureal Investment Partners has announced three real estate investments totalling nearly 70,000 sq m.
Through the transactions, two shopping malls in Poland and an office building have been added to the portfolio of the Futureal Group’s newly established real estate investment and asset management business.
Futureal Investment Partners has taken the first steps to become a major international investment and asset management company. The business focusing on value-add and opportunistic investments in Europe, has invested in three valuable projects in Poland within a short period of time with an aim of repositioning.
Due to the transactions, the company acquired the 30,345 sqm Galeria Bemowo shopping centre in Warsaw and the 25,570 sqm Manhattan shopping centre in Gdańsk. Both complexes have an excellent location, spacious parking area and 120 shops that has attracted major tenants such as Carrefour. The Wratislavia Tower located in Wrocław, one of the largest Polish cities, is also part of the acquisitions. Only 300 meters from the city’s main square, the 11-storey glass-walled building offers 12,000 sqm of office and service space including a cinema, a fitness centre and 140 underground parking spaces.
“All three of our recently announced projects fit perfectly into our investment strategy to deliver high returns. We invest in properties with excellent potentials to reposition them with high expertise that will further increase their value in the market,” emphasized Karol Pilniewicz, Chief Investment Officer at Futureal Investment Partners.
“We have launched Futureal Investment Partners with the view of becoming the partner of choice for institutional investors seeking value-add and opportunistic real estate exposure. Futureal Investment Partners operates as an independent platform, however it leverages the collective experience and network of our 500+ people real estate teams and two decades of deal-making and development history,” added Gabor Futo, founder and main shareholder of Futureal Group.