Patron Capital and Trei Real Estate divest six Polish retail parks for €110m

Patron Capital and Trei Real Estate have announced the sale of a portfolio of six retail parks in Poland.

Patron Poland logistics

The transaction, valued at approximately €110 mln, was made to a joint venture formed by Generali Investments CEE (Generali Fond Realit) and SCF (SCF Investment Partners SICAV).

These six food-anchored convenience retail assets were developed through a joint venture established in 2021 between Patron Capital's Fund VI and Trei. The properties collectively encompass 68,000 m2 of gross leasable area (GLA) and are strategically located across various Polish cities, including Chorzów, Otwock, Skarżysko-Kamienna, Szczecin, Kostrzyn nad Odrą, and Zambrów.

The appeal of this segment is further enhanced by its frequent location in regions with limited competition, where they serve as a vital local business hub for broad catchment areas. Revenue stability is reinforced by long-term lease agreements and high occupancy rates across similar Central European projects.

Wiktor Lesinski, investment director & partner at Patron Capital, said: “The strong fundamentals underpinning the Polish market, combined with an ongoing shift towards convenience-driven shopping, have meant the retail park sector continues to perform very well. The sector’s resilience through economic cycles, supported by a relative undersupply of modern retail formats in regional cities and towns, has created a compelling investment case for Patron. This transaction reflects both the quality of the assets we have developed with Trei and our continued confidence in the Polish retail park sector.”

Marek Bečička, head of Real Assets at Generali Investments CEE, said: "The completion of the acquisition fits into our strategy of building a stable and diversified real estate portfolio."

Josef Malíř, CEO and owner of SCF, added: " Poland is a key market for us – it offers an extraordinary combination of strong consumer demand, growing purchasing power, and a lack of quality retail properties outside the capital cities – and retail parks are exactly the type of properties where we see clear growth potential."