Apsys has announced the sale of part of its shares in the company that owns Posnania. The buyer is Trigea, a Czech investment fund specialising in commercial real estate.
Transaction in Line with Apsys’ Long-Term Strategy
The transaction forms part of Apsys Group’s long-term strategy, which involves bringing capital partners into mature assets while maintaining active involvement in their further development. It also confirms Apsys’ ability to unlock value from mature assets, even in a challenging market environment. This allows the Group to finance further investments and consistently pursue its growth strategy.
In the year in which Apsys celebrates its 30th anniversary, the Group is carrying out one of the most dynamic development programmes in its history, both in France and in Poland.
Since its opening in 2016, Posnania has consistently strengthened its position as one of the most important retail and leisure destinations in Poland. Today, it remains one of the market leaders in terms of footfall and tenant performance, attracting both customers and the most sought-after brands.
Confirmation of Market Confidence in Apsys’ Expertise
Trigea’s entry into the group of Posnania shareholders is a natural consequence of the project’s development to date and confirms its attractiveness in the eyes of long-term institutional investors. Today, Posnania combines strong operating results with further growth potential, remaining one of the most attractive retail and leisure assets on the Polish market.
The sale of part of the shares to Trigea was carried out on the basis of a valuation close to the value determined by independent appraisers. This confirms the high quality of Posnania and its attractiveness both to real estate market experts and investors.
Following completion of the transaction, Apsys remains a shareholder and co-owner of Posnania. Together with Trigea, it will act as asset manager, while continuing to be responsible for property management, leasing and marketing activities. The management model for Posnania will remain unchanged, and the adopted development strategy will continue to be implemented consistently.
In Poland, Apsys remains a leader in retail property management on behalf of third parties, with many years of experience in creating value and managing complex retail and leisure projects. In total, the Group manages assets worth nearly EUR 5 billion in France and Poland.
Posnania: A Leading Retail and Leisure Destination in Poland
In 2019, Apsys refinanced Posnania with a senior loan worth EUR 300 million and a ten-year maturity. This reflected confidence in the quality of the project, which, only three years after opening, had already confirmed its strong market position and further growth potential.
Since then, Posnania has consistently strengthened its position as one of the market leaders. In 2025, the centre recorded annual footfall of 14 million customers, up 5.1% compared with 2024 and 5.9% above the market average, while tenant turnover increased by 6.5%, 4.4% above the market. The strength of the project is also demonstrated by numerous brand debuts and the continued attractiveness of Posnania for both customers and tenants.
Posnania brings together more than 300 Polish and international brands, an extensive food and entertainment offer and a rich programme of events, creating a place that goes beyond the traditional function of a shopping centre.
Apsys was supported in the transaction by JLL Poland as commercial adviser, Dentons as legal adviser, PwC as financial adviser and Deloitte as tax adviser. Trigea’s advisers were CBRE as commercial adviser, Greenberg Traurig as legal adviser and Koda Advisory as financial and tax adviser.
Maurice Bansay, Founder and Chairman of the Supervisory Board of Apsys
“This transaction is the best confirmation of the work carried out by the Apsys teams since Posnania opened in 2016. In less than ten years, Posnania has become one of the most successful and attractive retail and leisure projects in Poland. The entry of Trigea, a long-term institutional investor, into the group of Posnania shareholders is an expression of confidence both in the quality and long-term growth potential of Posnania and in Apsys’ expertise in creating, developing and managing exceptional places. Apsys will remain fully committed to the further development of Posnania together with Trigea. The transaction also provides the financial flexibility needed to continue implementing our ambitious development strategy.”
Tomáš Trčka, Founder and Chairman of the Supervisory Board of Trigea
“Trigea is pleased to acquire shares in Posnania, a project with an established position on the Polish market, valued for its quality and dynamic development. This investment is in line with our strategy of investing in high-quality assets located in attractive locations, with an established market position, high occupancy levels and stable business fundamentals. We are pleased to cooperate with Apsys, whose recognised expertise in managing and developing this type of project is an important asset for further strengthening Posnania’s position.”
