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.




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New leases

  • Cordon Electronics, a specialist in electronics and advanced technologies, has renewed its lease agreement at MLP Pruszków II, in the immediate vicinity of Warsaw. The company will continue to occupy a total of 7,770 sqm of modern space, a footprint that includes 458 sqm dedicated to office operations.
  • mBank, the digital banking company in Poland, has decided to relocate its largest corporate branch in Lower Silesia to the Infinity office building in Wrocław. The company will occupy nearly 1,300 sqm on the fourth floor of the building. The tenant will move into the development owned by Avestus Real Estate and Alchemy Properties in January 2027.
  • GSP Global Solutions Provider has further expanded its cooperation with CTP by leasing an additional nearly 7,000 sqm in CTPark Budapest Vecsés on a long-term basis.

New appointments

  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
  • CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.


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