Tewox, a fund managed by Lords LB Asset Management, has acquired retail parks in Radom and Lodz.
Tewox, set up in 2021, invests in grocery-anchored retail real estate in the Baltic States, Finland, Sweden, Denmark, Poland, and Germany. Lords LB Asset Management is a provider of investment management services to institutional clients and high-net-worth individuals.
According to the Norton Rose law firm, which advised Lords LB Asset Management on the deal, “this transaction marks Tewox’s third venture into the Polish market, expanding its total holdings to eight retail parks with a combined retail space of 55,700 square meters. The newly acquired retail parks in Lodz and Radom cover nearly 10,000 square meters and accommodate approximately 30 tenants, with significant space occupied by Lidl and Jeronimo Martins, operator of the grocery chain Biedronka.”