LCP Properties opens its 48th retail park in Poland

22
Mar
2024
News - LCP Properties opens its 48th retail park in Poland #LCP Property #M Park #Poland #Pomerania #retail

by Property Forum | Retail

LCP Properties has officially opened its 48th retail park under the M Park brand in Poland, which is also the fifth in the Pomeranian region. M Park Reda has a total of 4,433 sqm of GLA space with 13 tenants. Development works began in mid-May 2023, and the general contractor of the project was STB Budownictwo.


M Park Reda, which consists of two buildings, A and B, is located at Handlowa Street, right next to the existing Lidl store. For the convenience of visitors, there is a parking lot for 95 cars.

LCP's latest investment is not only the 48th Retail Park under the M Park brand in the entire portfolio in Poland, but also, after Rumia, Starszyn, Gdynia and Puck, the fifth M Park in the Pomeranian region. The catchment area of the newest M Park LCP, calculated within 20 minutes of reaching the property, is estimated at over 160,000 customers.

The tenants of M Park Reda include brands such as: TEDi - 933 sqm, Action - 862 sqm, Sinsay - 555 sq m, Rossmann 457 sq m, CCC - 457 sqm, Maxi Zoo - 351 sqm, Hebe 290 sqm, Żabka – 81 sqm, Verona – 66 sqm, local pastry shop Hintzke – 71 sqm and the second pizzeria in the city, Casa di Paolo – 144 sqm.

“Today we are presenting a new, fully commercialized, unique retail park to the residents of Reda and the surrounding area. A facility with a carefully matched offer of tenants, and thus the potential to become a key and favorite shopping place on the local shopping map", commented Magdalena Kowalewska - Kasperowicz, Chief Operating Officer, LCP Properties in Poland, during the opening ceremony. “M Park Reda is another milestone in our journey towards becoming a leader on the Polish retail park market. The experience we gain along the way allows us to better adapt our format to the flexible expectations of tenants as well as customers of our M Parks", she added.

Moreover, in each M Park implemented, emphasis is placed on ecological aspects, including the installation of, among others: electric vehicle charging stations - in the case of Reda, there are four such places. Moreover, the roof in this project was prepared so that photovoltaic panels could be installed on it in the future.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • 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.

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