Chariot Top Group BV agreed to purchase a portfolio of 28 retail properties in Poland in a roughly €1.0 billion deal, Reuters reported, citing Griffin Real Estate, co-manager of the company.

The portfolio, which includes nine M1 shopping centers, will be sold by funds managed by Ares Management LP, AXA Investment Managers - Real Assets and Apollo Rida. The properties offer a total gross leasable area of around 704,000 square meters.

The deal will be partly financed with approximately €635 million of bank debt, the Dec. 4 report noted.

Redefine Properties Ltd., U.S.-Pimco and Oaktree Capital are part of the consortium buying the portfolio, with Redefine owning a 25% stake and Pimco and Okatree each owning a 37.5% stake in the consortium.

After the deal is finalized, the consortium will sell 12 properties in the portfolio to Echo Polska Properties NV for €692.1 million