The Dentons Real Estate team has advised developer Bielsko Business Center 3 Sp. z o.o. on the sale of Sfera Shopping Centre in Bielsko-Biala, the Silesia Region, to CBRE Global Investors. CBRE Global Investors has completed the acquisition on behalf of its European Shopping Centre Fund II.

The Sfera Shopping Centre offers approx. 61,000 sq.m., of retail space across two malls with 230 retail units, 23 restaurants and cafes, a cinema, hotel and apartment complex. Arranged over three floors, it has an occupancy rate of 97.2 percent with an attractive tenant mix.

The shopping center is located in the industrial heartland of Poland in Silesia, 88 km south-west of Kraków and 40 km of the Czech border, with direct access to the main railway station and close to the city hall. It was built in two phases in 2001 and 2009, in place of a former textile factory, with a preserved facade, paved alleys and glazed roofs. It has a catchment of more than 700,000 people within a 45 minute drive.

The Dentons team was led by Counsel Jakub Sobotkowski and supported by Associate Anna Kokeli. Partner Piotr Szafarz supervised the transaction.

About Dentons

Redefining possibilities. Together, everywhere. For more information visit dentons.com