Focus Estate Fund completes retail park renovation in Poland

20
Dec
2019
News - Focus Estate Fund completes retail park renovation in Poland #Focus Estate Fund #Poland #renovation #retail #retail park

by Property Forum | Retail

The redevelopment of the Eden Park retail park in Zgorzelec (Poland) has been completed, commissioning documents have been received and the rental campaign of the updated retail park is in full swing.


Six retailers have signed long-term lease agreements and have already opened their stores. Among them are well-known international and local brands, such as Jysk (1,026 sqm), Action (867 sqm), Chinski Market (1,344 sqm), Meble Lord (874 sqm), Komfort (565 sq. m). Decathlon became the anchor tenant of Eden Park. The grand opening took place on December 19th.

A team from CBRE and Młyn Retail Parks worked on leasing strategy.

Focus Estate Fund acquired the asset in 2018, invested more than €2 million n order to expand the area to 10,000 square meters and change the format from a shopping centre to a retail park.

Eden Park has a good location as part of a large trading cluster in a town directly on the border with Germany (city of Görlitz) and thus generates customers flow from two countries.




Latest news


New leases

  • Banca Transilvania has renewed its lease for 1,200 sqm in AFI Park Timișoara, in a deal brokered by Cushman & Wakefield Echinox.
  • Revetas Capital has secured four lease transactions totalling 5,700 sqm of gross leasable area at the Bonarka for Business (B4B) office park in Kraków. The transactions include a new lease agreement with telematics firm Geotab, alongside three lease renewals. Geotab has taken up office space in Building E of the complex. Concurrently, KION renewed its commitment to 4,000 sqm of office space within the same building. The remaining two lease renewals were finalized for spaces in Buildings F and D. Cushman & Wakefield represented Geotab, and JLL advised KION on the deals.
  • Sirowa Poland has relocated its office in the revitalised mixed-use Centrum Praskie Koneser complex. The international distributor of cosmetic and pharmaceutical brands leased 958 sqm in Building P at the development, in a deal brokered by Savills.

New appointments

  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.
  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.


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