Hunter has achieved a sale of three properties in Poland at a price well above valuation.
The three retail sites in the suburbs of Warsaw, Torun and Inowroclaw were previously let to Tesco. In June 2020, Salling Group, the Danish owner of the Netto retail chain, signed an agreement with Tesco to purchase the Polish part of the business. Hunter successfully negotiated new 15 year leases with Netto at the sites, enabling the assets to be sold to Centerscape, a US investment company, as a price in excess of €14 million.
Avison Young represented Hunter in the sale of the properties and ASB Poland provided tax advice.