Polish group Scallier has sold its retail project Funshop Park Turda in Turda to BT Property Alternative Investment Fund for an undisclosed amount.
The deal marks the fund’s entry in the retail market, where it aims to expand in the next period. The project has a leasable area of over 9,000 sqm and has received the BREEAM certification.
BT’s fund was launched in 2022 and currently has assets of €32 million.Its portfolio comprises premium real estate in Romania with a leasable area of over 40,000 sqm.
Scallier’s retail portfolio in Romania counts five projects following this sale.
