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act BSWW advises TUF Real Estate on retail park sale

A TUF Real Estate company has sold Chełmiński Strip Mall, a modern retail park which is the largest retail hub in Chełmno. The new owner of the real estate is LCP Properties.

A fully-leased modern shopping complex, Chełmiński Strip Mall is the developer’s first real estate investment. TUF Real Estate’s second project, Warmiński Strip Mall is underway and is scheduled to open late this year. Its third project, a strip mall in Golub-Dobrzyń, is expected to be up and running next year.

“We are glad to be passing on a project which the local community will enjoy for years to come,” says Fabian Eryk Barbarowicz, Managing Partner at TUF Real Estate Polska. “We are committed to providing facilities that are functional in nature. This is why we are very particular about selecting investment sites. Our projects target small towns, where the development of this type of object allows to satisfy the shopping needs of the local community. Apart from Warmiński Strip Mall, which is pending completion, we have started the development of and taken steps to lease the space in the strip mall in Golub-Dobrzyń, which is expected to open next year. “We are also actively working on two other projects to be completed this year,” he adds.

TUF Real Estate was advised on the sale of the retail park in Chełmno by act BSWW. The law firm also assisted the investor in the course of project development. The park was opened last year, in November.

The law firm’s team was led by Michał Wielhorski (Managing Partner). Other team members included Mateusz Prokopiuk (Senior Associate) and Michał Sołtyszewski (Partner).

“Retail parks continue to be an attractive segment of real estate market,” says Michał Wielhorski, Managing Partner at act BSWW. “Our Client’s successful projects are an excellent example of this,” he adds.

TUF Real Estate is a well-established real estate company, operating in office and retail real estate market.

Chełmiński Strip Mall is a cutting-edge retail/service complex located at 18 Polna Street in Chełmno. It was opened in November 2019. The project is made up of three buildings with a total leasable area of approx. 5,800 m2 and 170 parking spaces. All the space in the complex has already been leased to major Polish and international brands, incl.: Pepco, Rossmann, CCC, Martes Sport, KIK, Media Expert, Dealz, Gzella, PLUS GSM, Biedronka.

11.03.2020

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