The Dentons Real Estate team has advised LaSalle Investment Management on its first acquisition in Central Europe on behalf of Encore+, with the purchase of Futura Park, a shopping center in Wroclaw, Polish regional city, from IRUS FUND. The deal value is just over €27 million.

Encore+ is a diversified, European real estate fund which has been successfully co-managed by LaSalle Investment Management and Aviva Investors for almost 10 years.

Futura Park was built by Neinver Poland in 2008, and occupies 20,000 sq.m. of space. It co-exists functionally and commercially with neighboring outlet center and therefore the project required negotiating and setting various common arrangements for both centers, like management agreement, utilities’ delivery agreements, amongst others.

The transaction was led by Counsel Jakub Sobotkowski and Associate Anna Kokeli, under the supervision of Piotr Szafarz, Head of Real Estate Poland.