Dutch property company Redevco has purchased the Komfort portfolio which consists of 18 properties with a total retail space of around 30,000 m[sup]2[/sup] for around EUR 35 mln. The Polish retailer, Komfort, will continue to occupy all the buildings as a tenant for 10 years.
Dutch property company Redevco has purchased the Komfort portfolio which consists of 18 properties with a total retail space of around 30,000 m2 for around EUR 35 mln. The Polish retailer, Komfort, will continue to occupy all the buildings as a tenant for 10 years.
All 18 properties, which represent Redevco’s first portfolio acquisition in the country, are all fully leased retail developments ranging in size from 650 - 6,000 m2. They are located on the outskirts of major towns such as Warsaw, Poznañ, Cracow, Lublin and Toruñ.
Komfort is Poland's largest network of stores selling wall-to-wall carpet and rugs as well as laminate and hardwood floors. Established in the early 1990s, the company now has a network of more than 100 stores throughout Poland and is the market leader in its sector. Komfort is owned by Enterprise Investors, one of Poland's largest private equity funds.
Redevco Europe commenced operations in Poland in 2007 as part of the company's strategy of geographical diversification. The company is building up a Polish real estate portfolio comprising retail properties in the major cities, as well as retail parks, offices and logistics centres.
