Van der Vorm Vastgoed Groep has entered into a cooperation agreement with Acteeum Group for the participation in the first Acteeum development portfolio of shopping centers in Poland.
The Acteeum Group portfolio consists of participating interests in projects with major international developers and investors. In addition to Van der Vorm Real Estate Group, other domestic and foreign private investors are also participating in this joint venture. The investment volumes are not disclosed.
Arne Bongenaar, managing director of Acteeum Group, is delighted with the collaboration: "These participations indicate that interest in Polish real estate remains high in the Netherlands as well. We can therefore continue to grow with our dominant projects in medium-sized cities. There is great interest from both tenants and end investors in these projects. There is still room for about 20 of these projects in Poland and we certainly want to develop 5 of them. "
The first project in the development portfolio is the 20,000 m² Vivo Stalowa Wola, a shopping center project that is under construction and the completion of which is planned for October 2015. In time, a large hardware store and a retail park next to the shopping center will rise, bringing the total project becomes 32,500 m².
The land was purchased for the second project, the 21,800 m² Vivo Krosno. Work is now being done on the building permit. Completion is expected in the spring of 2017. A Leroy Merlin hardware store is being built at the shopping center. Various other projects are in the preparation and option phase, with no binding contracts signed yet.
Sico van Ammers, managing director of Van der Vorm Vastgoed Groep: "Acteeum offers us the opportunity to participate in building up retail infrastructure in Polish provincial towns. The centers that are dominant in the region have a healthy basis with a large catchment area and good infrastructure. "
Acteeum will soon be presenting a number of new investment opportunities to interested investors. This includes a combination of existing shopping centers and centers in development. In addition, a portfolio with existing shopping centers with a redevelopment potential is being prepared. With the Ogrody shopping centers in Elblag (from 17,000 m² to more than 40,000 m²) and Sarni Stok in Bielsko Biala (from 30,000 to 33,000 m²), Acteeum has gained extensive experience with inner-city expansion. These two shopping centers are owned by CBRE Global Investors. According to Acteeum, this market segment will dominate the Polish retail market in the coming years.