Image: Griffin Real Estate | Chariot
Ticker

Auchan stays longer in six locations managed by Griffin Real Estate

A company from Chariot platform, managed by Griffin Real Estate, a private equity investor operating in the real estate sector, signed an agreement with Auchan Poland to extend the lease of its six retail properties totaling 83,000 sq m. The lease agreement was signed for the period of over 12 years. The transaction is certainly one of the largest retail leases that has been closed in Poland.

Auchan Poland signed an agreement to extend the lease of six properties belonging to Chariot – an investment platform managed by Griffin Real Estate. The agreement pertains to hypermarkets located in Szczecin, Rybnik, Słupsk, Gdańsk, Nowy Sącz and Lublin with a total GLA of over 83,000 sq m.

“Extension of the contract with our long-standing partner – Auchan Poland, is a confirmation to us that despite the current unprecedented situation, the retail properties we manage, remain attractive to both tenants and customers. The assets in our portfolio have a long history of good sales results, which translates into their resistance to changes in the retail market. We appreciate the trust that Auchan Poland has placed in us and we look forward to further successful cooperation”, saidPiotr Fijołek, Senior Partner at Griffin Real Estate, responsible for Chariot platform.

“The agreement with Chariot shows our long-term commitment to Poland and highlights the potential of the market as well as business opportunities of the locations. We appreciate the local position of the properties belonging to Chariot, in which our turnover kept growing  despite the coronavirus pandemic. Having that in mind  and given our belief in the long-term potential of these locations, we have decided to sign agreements extending the lease for another 12 years”, said Gerard Gallet CEO of Auchan Poland.

Colliers International, Linklaters Law Firm and KPRF Law Firm have advised on negotiations. Chariot’s portfolio currently consists of 17 commercial properties with a total GLA of about 350 000 sq m. The properties remain fully leased.

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

Etele Plaza receives occupancy permit – tenants start moving in

The EUR 300 million Etele Plaza developed by Futureal has received the occupancy permit. Therefore, the tenants can now start setting up their stores in Buda’s largest shopping centre. The environment friendly complex with a rentable area of 55,000 sq m will bring the next generation of plaza design to Hungary this September.

Labtech appoints new Retail Asset Manager for Hawley Wharf Camden

LabTech has announced the appointment of Jonny Perkins as Retail Asset Manager for its new 580,000 sq ft development, Hawley Wharf Camden, and LabTech’s other Camden holdings.

Hines secures leasing of flagship retail store in Madrid

Hines has fully leased the retail space at its prime Calle Preciados 13 development in the heart of Madrid.

Sebastian Mueller to spearhead Kintyre’s new Advisory business

Kintyre, the Frankfurt and Berlin based investor and real estate platform, has announced the key appointment of Sebastian Mueller (44), to lead Kintyre’s newly founded Advisory business, and to join its senior management team.

Vienna-based Wowflow raises €300K to help facility management teams focus on real work

Wowflow, a mobile-first collaboration and workflow solution for facility maintenance teams, has raised a €300 thousand pre-seed investment to speed up growth in the German-speaking markets.

ACROSS Retail Talks online, on the topic “Outlook 2021”

The ACROSS Advisory Board has its say. On February 25, the ACROSS Retail Talk on "Outlook 2021" took place. 16 members of the ACROSS Advisory Board discussed the expectations and perspectives of the placemaking industry in an exciting year. A large, prominent expert audience followed the online event.