19:57 Preliminary sale agreement of Manufaktura executed with Union Investment | |
| Apsys and Euris/RallyeGroup, advised by HSBC, have initiated one of the
largest real estate transactions of this year so far with
Unilmmo:Deutschland, an open ended fund of Union Investment AG - the
sale of the Manufaktura leisure and shopping centre in Lodz (Poland),
the largest shopping centre in Central and Eastern Europe. The Manufaktura complex which opened in 2006 and covers a catchment area of over 2,5 million people, has successfully positioned itself as a performance venue through a variety of concerts, open-air cinema and other public events. Manufaktura shopping centre is the key part of a major multifunctional urban revitalization of the former textile factory built at the end of the 19th century. The brick, historical buildings were renovated and brought back to life. The development comprises three museums, a design 4 star hotel with a conference centre as well as the Manufaktura shopping centre. Manufaktura shopping centre was opened to the public on 17 May 2006. It houses 307 units on 112,000 sqm GLA of retail and entertainment area and 2,955 parking spaces. It has been awarded with the Global Award for Excellence by the Urban Land Institute and Award for the Best European Very Large Shopping Centre by the International Council of Shopping Centres. The centre is anchored by retailers such as Real, Leroy Merlin, Cinema City, Van Graaf, Inditex group, C&A, H&M, Alma, Saturn and many others. Manufaktura has proved its leading position in the region with the number of its visitors reaching ca. 20 million in 2011. It has a very low vacancy ratio with an average of only 3 units vacant and 99,7 percent of rental collection ratio. Manufaktura is a truly unique complex not only because of its size, but also because of its architecture, quality, tenant mix, city centre location and functionality. The layout of the centre was arranged so that the visitors come to the spectacular main public square - known as Rynek - which leads them to the shopping, cultural and leisure sections of the complex. Manufaktura has been awarded with an "Excellent” BREEAM in-use certificate for its sustainable operation. The preliminary sale agreement covers the entire shopping centre except for the DIY premises, owned by Leroy Merlin and the multiplex cinema theatre owned by Cinema Cinema. At the request of Union Investment Apsys will keep the property management for the next 10 years. Maurice Bansay, the founder and President of Apsys, declared: "This sale will strengthen the equity of the Group and will enable Apsys further development of shopping centres projects in Poland and France.” Maurice Bansay added: "Apsys is proud of this transaction which reflects the trust of Union Investment placed in our know-how as the developer and manager of shopping centres with a long -term vision.” Source: europaproperty.com | |
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