Focus Estate Fund acquired Ferio Legnica shopping center with over 13,200 sqm rental space in Poland

The retail centre comes with a leasable area (GLA) of approximately 13,200 sqm, including. retail space – 11,965 sqm, offices – 1,269 sqm, a footfall of approximately 2 million a year.
The centre was opened in 2007. Ferio Legnica is a family-oriented shopping and retail center, which enables to do shopping, arrange everyday errands, and spend leisure time under one roof. Key anchors include Netto, Pepco, Kik, Sinsay, Jysk, Action, Rossman as well as other tenants. Ferio Legnica offers customers a simple layout and an extensive free covered parking facility with 334 spaces. There is excellent access to the shopping centre both by car and by public transport as the centre is located in the heart of Legnica right next to the Old Town.

A significant increase in the size of Focus Estate Fund portfolio took place in the period of the last 18 months. The acquisition of The Turawa Park Shopping Centre in Opole and Atrium Mosty Shopping Centre in Płock has resulted in a change of dimension for Focus Estate Fund. The last acquisition of 2022 took place right before the closing of the year, during the month of December. Despite still being in the early days of 2023, the business portfolio was once again expanded, increasing the total number of shopping centers in Poland to 6.

Commenting on the acquisition, Maxim Shkolnick, Focus Estate Fund General Partner, said:
“We are very pleased that all stages leading to the acquisition of Ferio Legnica from Raiffeisen Bank International have been completed successfully, acquiring a high-potential retail destination. Business will undoubtedly go on to maximise the potential of the centre and lead it into a fresh new chapter. Although it is now substantially pre-leased, we have identified a number of exciting customer centric value-added opportunities that we want to pursue in line with our investment strategy. This acquisition reflects the company’s plans to locate strategic assets in different geographical parts of Poland. After this acquisition our AUM in Poland has reached roughly EUR 65 million. One of the strategic plans is to scale up our portfolio in other parts of Europe, i.e., in countries such as the UK, Portugal, Spain, the Czech Republic, Italy and others.”

„We are delighted to have played a role in the successful sale of Ferio Legnica Shopping Centre to Focus Estate Fund. It was a pleasure working with the buyer and we look forward to continuing our partnership in the future. This acquisition will bring new opportunities and growth to the center, and we look forward to seeing the positive impact it will have on the tenants, shoppers, and the community as a whole.” – said Michał Berski Associate Director in the Capital Markets Department at CBRE.

Focus Estate Fund (FEF) – Real estate investment fund focusing on non-prime retail properties in the EU. The Fund’s strategy is to invest in the existing mid-scale commercial properties in the most dynamic European markets.

Ferio Legnica is family- oriented shopping centre located at 41 Chojnowska Street in Legnica, in the vicinities of the old town with total area (GLA) o the shopping centre 13,235 sqm. The three floors building nearly 40 shops and service facilities. Customers will find attractive shops with clothing, accessories and footwear or jewellery. Ferio Legnica’s anchor tenants are such well-known and popular brands as supermarket Netto, Pepco, Kik, Sinsay, Jysk, Action, Rossman. Public transport easily reaches the centre and free parking space accommodates up to 334 spaces.