News Article extension Focus Estate Fund Opole Poland retail retail park
by Property Forum | Retail

Focus Estate Fund has announced the extension of Turawa Park in Opole. The retail park concept will offer a shopping experience with an emphasis on convenience, accessibility, and a unique mix of merchandise.

The leasing process of the Turawa Park shopping centre in Opole was finalised at the end of last year with the opening of the Maxi Zoo store on the last available retail park unit. The popularity of the centre as well as the planned development of multiple residential properties in the closest neighbourhood had a big influence on the owner’s decision to start extending the centre at the beginning of this year. The facility will undergo a remodelling, which will add 10,000 sqm of newly refurbished space to the already fully functioning 26,000 sqm offer. The remodelling process is expected to begin immediately and will be completed in time for the grand opening, which is scheduled for the fourth quarter of 2023.

“The huge residential development plans for the immediate surroundings of Turawa Park, and the accompanying infrastructure that will make the area even more attractive than before, made it obvious to us that we want to give our customers an even better, more comprehensive offer. This is why we have decided to create new premises in the ex-DIY unit. We are entering a new chapter in the redevelopment and want our customers to be able to enjoy the new addition later this year. We would like to take this opportunity to thank BNP Real Estate for their support, who have played a key role in making this project a reality. Thanks to their support, we are confident that Turawa Park will continue to be a leader in the retail industry and a first-class shopping destination for many years to come,” says Maxim Shkolnick, Focus Estate Fund’s General Partner.

The retail centre has a well-established mix of tenants representing well-known retail chains with Carrefour as the food anchor. Recently, some of the brands decided on serious changes, ie. Sinsay grew from 300 sqm to 1,000 sqm and Deichmann already introduced the latest concept of its store.

“The centre is performing very well in 2022 compared to 2021, recording +7.8% footfall and +14% turnover YTD. It shows that the long-term retail strategy works to create the regional, family convenience centre for the citizens of Opole agglomeration. The 10,000 sqm additional space will consist of recognized value retail chains as well as home equipment anchors,” says Anna Pływacz, Associate Director, BNP Paribas Real Estate Poland.

Turawa Park is a modern retail facility combining the features of a shopping mall and a retail park, managed by BNP Paribas Real Estate Poland Sp. z o.o. More than 36,000 sqm of retail and service space features 60 shops and service outlets. It includes a Carrefour grocery hypermarket and an IKEA Order Pickup Point. Customers can use 1,400 free parking spaces. The key tenants of the Turawa Park shopping centre include Reserved, Mohito, Sinsay, Media Expert, Smyk, Calypso Fitness Club, Action, Pepco, C&A, Martes Sport, KiK, CCC, Super-Pharm, Takko Fashion, Deichmann, Carry, Maxi Zoo, Rossmann, Sephora, Empik.