Neinver’s IRUS Fund sells Wroclaw Futura Park to La Salle

By

Barbara Santamaria

Published
Dec 2, 2015

Neinver Group has announced that its IRUS European Retail Property Fund has sold the retail park Wroclaw Futura to the global retail estate investment manager La Salle for an undisclosed sum.

The shopping centre, which covers 20,200 sq m spread across 22 units in Poland’s second most affluent city, will continue to be managed by Neinver – a company specialised in development, property and investment management. Futura Park also boasts a footfall of over 1.5 million visitors as it is located close to the airport and the city’s main ring-road.

Wroclaw Futura was the single retail park within the IRUS portfolio, which also comprises a total of 11 outlet schemes located throughout Spain, Portugal, Germany, Italy and Poland. The fund was raised by Neinver in 2007 and is a sector-specific trust focused on outlet centres. 

The IRUS European Retail Property Fund has a total committed equity of €480 million, fully subscribed by first class European institutional investors including a 20% equity participation from Neinever. Its portfolio has an estimated value of €1,146,900,000.