DTC Finance B.V., has completed the disposal of two shopping centres – Karolinka in Opole and Pogoria in Dabrowa Gornicza – and has negotiated a sale option on a third in northern Poland. The acquisitions have been made by MGPA Europe Fund III, a fund advised by MGPA, an independently managed private equity real estate investment advisory company.

Mayland is a leading real estate developer and property management operator on the new generation Polish shopping centres market since the opening of three new properties in 2008.

Karolinka Shopping Centre in Opole is an out-of-town dominant shopping destination of 70,000 sqm GLA with a primary catchment area of 455,000 people and a footfall of 6,5 million visitors in 2009. Pogoria Shopping Centre, in turn, is a city centre urban scheme of 36,000 sqm GLA with a catchment area of 1 million people and a footfall of 4,8 million visitors in 2009. Footfall in the two prime locations rose by 30 percent in comparison to the previous year. Achieving more than 98 percent occupancy at present in both assets, Mayland leased the centres with well established and renown international brands, such as Real (Metro Group), Leroy Merlin, Decathlon, H&M, KappAhl, Cubus, New Yorker, and Reserved. Mayland will keep the property management of the centres after the transaction.

This deal demonstrates the unique position of Mayland Real Estate at the intersection of the premium retail real estate development to address the cutting edge customers’ needs, and the creation of high quality properties delivering strong returns to real estate investors.

"Mayland's approach to retail development is totally focused on the shopping public and their strategy to develop unique retail environments tailored for each particular catchment area has proven to be a winning formula," said Neil Gregory-Eaves of Colliers International, who represented the vendor in the sale. "While we went to market in a challenging period, there was a good level of investor interest largely as a result of Mayland's ability to demonstrate each center's development rationale, high quality, strong performance and growth potential. MGPA has acquired a great portfolio."

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