TIAA-CREF Enters Polish Market with Retail JV


Neinver was the original developer on Factory Annopol in Warsaw.

WARSAW—TH Real Estate, on behalf of TIAA-CREF, has completed the purchase of a 50% interest in Factory Annopol in Warsaw, and Factory Krakow and Futura Park in Krakow, Poland. The latest acquisition in a 50/50 joint venture between TIAA-CREF and Neinver, a Spain-based developer of outlet malls, it marks the asset manager’s first foray into the Polish market. Deal terms were not disclosed.

All three properties have been acquired from Neinver, their original developer. The JV’s goal is to create a leading outlet platform in Europe, drawing initially on Neinver’s exisiting portfolio and development pipeline…

TIAA-CREF Enters Polish Market with Retail JV

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