Summus Capital explores new opportunity in Poland

Summus Capital OÜ has signed a Letter of Intent (LOI) with Poland’s leading real estate developer, regarding a potential acquisition of a shopping center in the south of Poland.

This asset is a modern, family-oriented retail and entertainment center located in the south of Poland, with a catchment area of approximately 1.7 million people within a 30-minute drive. The center offers a diverse tenant mix and receives close to 6 million visitors annually. The property also includes a development opportunity of approximately 6,000 m² of additional gross leasable area (GLA).

The signed Letter of Intent (LOI) expresses the parties’ intent to move forward with due diligence and negotiations on the potential acquisition. The transaction may be structured either as a share or asset deal. The final decision will be based on due diligence results and further analysis. The property is currently 99% leased with predominantly EUR-denominated rental agreements, indexed annually to EU inflation.

“This step reflects our long-term strategy to strengthen our presence in Poland, which we view as one of the most dynamic real estate markets in the region, and to maintain the retail segment at approximately half of our portfolio in order to continuously grow its value,” said Hannes Pihl, Member of the Management Board at Summus Capital. “This shopping center is a strong and well-positioned retail asset with tenants well known to us and long-term potential, but we will only proceed if the due diligence results support it.”

The parties aim to agree on final transaction terms and close the deal in the second half of 2025, subject to the successful completion of a thorough due diligence process, regulatory approvals, and mutual agreement on key conditions. Summus Capital also reserves the right to pursue an alternative opportunity on the Polish market should the outcome of the process not meet expectations.