Expo Real 2012: Australian neighbourhood shopping centre owner Charter Hall Retail REIT is selling five Polish shopping centres for €200m.
The assets are said by selling agent CBRE to be “value-added opportunities”.
The schemes are in Krakow, (by value, around 40% of the portfolio), Katowice, Gliwice, Szczecin, and Wroclaw. The vendor wants to sell the centres as a package but might be prepared to split it and sell the Krakow asset separately.
A sale of the portfolio could reflect a yield of some 9%, while the Krakow asset alone would show 7.5% to 8%.
Last year the REIT’s net operating income grew by 3.4% over the June quarter, underpinned by healthy sales growth from supermarkets.
Expo Real 2012: Australian neighbourhood shopping centre owner Charter Hall Retail REIT is selling five Polish shopping centres for €200m. The assets are said by selling agent CBRE to be “value-added opportunities”. The schemes are in Krakow, (by value, around 40% of the portfolio), Katowice, Gliwice, Szczecin, and Wroclaw. The vendor wants to sell the centres as a package but might be prepared to split it and sell the Krakow asset separately. A sale of the portfolio could reflect a yield of some 9%, while the Krakow asset alone would show 7.5% to 8%. Last year the REIT’s net operating income grew by 3.4% over the June quarter, underpinned by healthy sales growth from supermarkets.
