BIG Poland has announced the acquisition of Power Park Olsztyn, a shopping centre located in the southern part of Olsztyn (northern Poland). The seller was EPP. The value of the transaction has not been revealed.
Power Park Olsztyn offers nearly 33,000 sqm of GLA and is positioned next to Galeria Warmińska, forming a popular retail destination. The centre boasts a strong tenant mix, including leading retailers such as Auchan, Black Red White, Action, Maxi Zoo, OBI, JYSK, Media Markt and MAX Premium Burgers.
“We are delighted to welcome Power Park Olsztyn into our growing portfolio in Poland. The newly acquired centre features a strong and stable tenant mix, including major retail leaders in the Polish market. Strategically located on a key transportation route, it offers excellent accessibility with convenient public transport connections. Anchored by renowned brands such as Auchan, OBI, and others, the centre serves as a key retail hub for the region. Furthermore, introducing the MAX Premium Burgers concept enhances the shopping experience, bringing visitors an innovative and fresh offering”, says Eran Levy, CEO BIG Poland.
The transaction was concluded between BIG Poland and EPP.
EPP is the largest asset manager of retail real estate located in Poland in terms of GLA. The company’s portfolio includes 35 projects (29 retail properties and 6 office complexes) with a total value of approx. €2.9 billion and leasable area of over 1 million square meters. The company is owned by Redefine Properties, the second largest Real Estate Investment Trust (REIT) listed on the Johannesburg Stock Exchange (JSE).
BIG Poland is part of the international BIG Shopping Centers group, founded in 1994 in Israel by Yehuda Neftali. The group focuses on developing, operating, and investing in retail parks, shopping centres, logistic parks, office projects, residential projects, and renewable energy. The company operates in Israel, Serbia, Montenegro, Romania, the Czech Republic, and Poland. The BIG brand has been present on the Polish market since 2022 and currently owns 7 fully commercialized retail parks in Łubna near Warsaw, Lubin, Andrychów, Gorzów Wielkopolski, Ostróda, Włocławek and Myszków with a total area of 132,000 sqm of GLA.
