Star Capital Finance acquires a portfolio of six shopping centers in Poland from Cromwell Property Group, marking their expansion into a third European market and enhancing their asset value to approximately EUR 650 million.

Investor Group Acquires Polish Shopping Centers

The Czech investment group Star Capital Finance (SCF) has successfully acquired a portfolio of six shopping centers in Poland from global investor Cromwell Property Group. This marks SCF's expansion into its third European market, following its activities in the Czech Republic and Slovakia. With this acquisition, SCF has increased its managed asset value to approximately EUR 650 million. The transaction, valued at over CZK 7 billion, is considered one of the largest transactions in Central Europe in recent years. According to company representative Ondřej Micky, the acquisition will be financed through a combination of internal resources, bank loans, and contributions from several external investors.

The newly acquired portfolio consists of six retail centers, encompassing a total leasable area of 219,000 square meters located in Warsaw and other cities. The primary tenant of these centers is the supermarket chain Auchan, with other notable tenants including hypermarket Bio1, fashion brands from LPP Group and Inditex Group, CCC Group, drugstore Rossmann, electronics retailer RTV Euro AGD, and Cinema City theaters.

Industry Overview in Poland

The retail sector in Poland has experienced substantial growth in recent years, driven by rising consumer incomes and a shift towards modern shopping formats. Polish consumers are increasingly favoring shoppin