Big Poland has acquired Power Park Kielce, one of the city's retail destinations, strengthening its position in the Polish retail park market and expanding its presence to the capital of the Świętokrzyskie region.
Following the transaction, the scheme will become the 12th retail park in the company's Polish portfolio, bringing the total GLA of assets under management to close to 247,000 sqm.
Power Park Kielce is a retail park with close to 37,000 sqm, located on Radomska Street, just a few minutes from the city centre. One of the location's advantages is a surface-level parking area with more than 1,000 spaces, allowing access to and from the scheme, as well as connectivity and easy access both from the city centre and from the main routes leading into Kielce.
Big Poland brings to this project its experience in the management, rebranding and marketing of 10 retail parks currently operating under the Big brand in Poland, which combine everyday shopping with opportunities to spend time and socialise. On 21 May, Big Dzierżoniów, a 17,000 sqm scheme, will officially open as the next addition to the portfolio, while Power Park Kielce will follow as the 12th retail park in Big Poland's portfolio. At the heart of this concept is the creation of places that respond to the needs of families and build relationships with the local community through events, activities for residents and the Big events known from the company's projects.
"Power Park Kielce is a well-performing asset in a location with potential for further development. At Big Poland, our strategy is focused on acquiring established retail parks and enhancing them further – upgrading and repositioning existing assets to deliver greater convenience and value for customers and local communities," says Eran Levy, CEO of Big Poland.
Kielce is the largest city in the Świętokrzyskie region and the main commercial and service hub of the area, with over 180,000 residents. The city also plays an economic role in the region, with more than 30,000 registered businesses and a services and trade sector. Kielce serves as the shopping centre for the entire region, which is home to more than 1.1 million people.
