Warsaw, Jan 7, 2026, 21:38 CET
Auchan Polska and property partner Ceetrus have agreed to sell eight shopping centres in Poland to Hungary’s Adventum Penta Fund, a deal that keeps Auchan trading from the same sites. The buyer will take the real estate while Auchan remains the “anchor tenant” — the main store meant to draw shoppers — on long leases.
The transaction gives Auchan fresh cash from property without pulling down shutters. It also underlines how big-box retailers are separating store operations from the land and buildings, a shift that can help shore up liquidity when margins get squeezed.
The deal is structured as a sale-and-leaseback — where a company sells property and then leases it back — leaving the retailer with rent payments instead of ownership costs. That can steady operations, but it also locks in long-term obligations.
Local outlet Szczeciner.pl estimated the transaction at about 195 million euros and said the closing is planned for the first quarter of 2026. It reported the portfolio includes a large site in Szczecin, and said the new owner plans “downsizing” — shrinking hypermarket floor space — to free up units for other tenants. Szczeciner
Karol Brzoskowski, a partner at Greenberg Traurig, which advised on the sale, said the transaction “preserves Auchan’s operational footprint in Poland.” Bankier.pl said Adventum Group manages more than 700,000 square metres of commercial property across Central and Eastern Europe, while Auchan has operated in Poland since 1996 across hypermarket, supermarket, convenience and e-commerce formats. Bankier.pl
Eurobuild said Ceetrus invests in retail property and mixed-use urban projects, and that the sellers’ structure keeps Auchan in place under 15-year leases with extension options. It described Adventum as a Hungary-based manager of real estate funds with holdings across the region.
GazetaPrawna.pl also cited Brzoskowski as saying the deal is a sign of continued institutional investor confidence in Polish retail property. It said the sale does not mean Auchan is exiting Poland, because the retailer will stay on as the key tenant for at least 15 years.
But the agreement is still preliminary and the handover is not done yet. If leasing demand softens, or if the reconfiguration of hypermarket space proves slow or costly, the buyer could end up with vacant units and weaker rents than planned.
