Warsaw, Poland

MPGA Europe Fund III acquired a € 236 million real estate portfolio developed and managed by Mayland Real Estate.  Colliers International represented the vendor as exclusive agent in the sale.

DTC Finance B.V. has completed the disposal of two shopping centers – Karolinka in Opole and Pogoria in Dąbrowa Gornicza – and has negotiated a sale option for a third shopping centre in northern Poland. The acquisitions were made by MGPA Europe Fund III, a closed end real estate fund advised by MGPA, an independently managed private equity real estate investment advisory company.

„Although we went to the market in a challenging period, there was a good level of investor interest in the portfolio largely as a result of Mayland's ability to demonstrate each centers' development rationale, high quality, strong performance and growth potential. MGPA has acquired a great portfolio." – said Neil Gregory-Eaves, Director of Colliers International and the advisor to the vendor .

Mayland is a leading real estate developer in next generation Polish shopping centers and was responsible for the development of the three properties which sold. Karolinka Shopping Centre in Opole is an out-of-town dominant shopping destination of 70 000 sqm GLA with the primary catchment area of 455 000 people and a footfall of 6,5 million visitors in 2009. Pogoria Shopping Centre is a city centre urban scheme of 36 000 sqm GLA with a catchment area of 1 million people and a footfall of 4,8 million visitors in 2009. Footfall in the two prime locations rose by 30% in comparison to the previous year.  Achieving more than 98% occupancy at present in both assets, Mayland leased the centers with well established and renown international brands, such as Real (Metro Group), Leroy Merlin, Decathlon, H&M, KappAhl, Cubus, New Yorker, and Reserved. Mayland has been retained to manage the centers post closing the transaction.

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About Mayland

Mayland Real Estate specializes in the development of innovative commercial, entertainment, and prime service centers in Central & Eastern Europe. Next projects in the pipeline to be opened until 2012 are located in major cities in Poland, such as Cracow, Gdynia, Wroclaw, Szczecin and Rzeszow. For more information, please visit www.mayland.pl.

About Colliers International

Colliers International is a leading global real estate services company that provides a full range of services to real estate users, owners and investors worldwide. Colliers operates in over 290 offices in more than 60 countries.  Services include brokerage, property management, hotel investment sales and consulting, corporate services, valuation, consulting and appraisal services, mortgage banking and research.  Colliers International is a worldwide affiliation of independently owned and operated companies. Locally, Colliers professionals serve clients throughout Colliers International Poland, incorporated in 1997. Find out more at www.colliers.com/markets/warsaw. 

Contact Information

Tatiana Kałużniacka
PR Manager
tatiana.kaluzniacka@colliers.pl
Tel. 22 331 78 00

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