Savills : to manage Arcona Real Estate's retail portfolio in Poland

International real estate advisor Savills has been appointed by Arcona Capital Real Estate to manage a portfolio of 11 retail properties located in 10 cities across Poland. The fund completed the acquisition of eight properties on 12 December 2016, and the purchase of the remaining three properties will be finalised within the next few weeks.

The retail properties are located in Lodz, Gdansk, Piotrkow, Slupsk, Bydgoszcz, Grudziadz, Torun, Kalisz, Głogow and Inowroclaw. They were built between 2001-2009 and comprise a total rentable area of 22,897sq m. The principal tenants of these properties include well-known supermarket operators such as Piotr i Paweł, Biedronka and Tesco, as well as pharmacies and drugstores.

Marta Mikolajczyk-Pyrć, Head of Retail Property Management at Savills Poland, comments: 'We are pleased that Arcona Capital has entrusted us to manage its retail portfolio in Poland and believe that this appointment is confirmation of the competence and strong commitment of our property and asset management team.'

Mateusz Siejka, Managing Director, Arcona Capital Real Estate, Poland, says: 'We decided to work with Savills as we are convinced that the development of our business in Poland requires the success-driven approach that Marta and her team have displayed. The acquisition of the portfolio is the first step and we hope that 2017 will bring us more opportunities as we are determined to expand our investment portfolio in the Polish market.'

Arcona Property Fund N.V. is real estate fund manager operating across central Europe since 2003. The company is listed on the NYSE Euronext Amsterdam.