News Article Karuzela Holding Mitiska REIM Poland retail retail park
by Property Forum | Retail

Mitiska REIM has announced the opening of a new food-anchored retail park in the Polish city of Świebodzin. Developed in partnership with Karuzela Holding, this is the tenth project undertaken by Mitiska REIM and Karuzela over the past five years, with five more developments planned to open over the next two years.

Comprising 19 units with a gross leasable area (GLA) of 11,450 sqm and parking for 330 cars, the new Karuzela Świebodzin development has become the dominant retail scheme in the city. Designed to achieve a “Very Good” score on the BREEAM scale, the retail park is food-anchored by a Lidl supermarket and brings new brands to the city such as Sinsay, Cropp, House, CCC, Jysk, SMYK and Tedi. Other tenants include Pepco, Kik, Media Expert and Martes Sport.

Also opened as a retail anchor is an owner-occupied Bricomarche DIY store with a GLA of 2,300 sqm which joins a pre-existing McDonald’s restaurant on-site. Plans are in place to open a 1,200 sqm Bodzio Meble furniture store in the coming months, bringing the total GLA of the retail destination to 14,900 sqm.

Janusz Botorek, Member of the Board of Karuzela Holding, comments: “This Świebodzin development is a classic example of our convenience real estate approach in Poland. Conveniently located on a main access road and easily reached by multi-modal transport, this latest retail park has unrivalled visibility and brings to Świebodzin a comprehensive retail offering which includes the first new format Lidl supermarket and the first Bricomarche DIY store in the city. Karuzela Świebodzin has now become the go-to retail destination for everyday shopping in both the city and surrounding area.”

Magdalena Bednarczyk, Investment Associate in Mitiska REIM’s Polish team, adds: “This development brings new retail brands to the city of Świebodzin and is part of our strategy to bring necessity retail to cities across Poland in a way which is modern, sustainable and conveniently located for shoppers. The retail park proposition of convenience, essential shopping and value for money continues to be very attractive in Poland for retailers and shoppers alike.”

Sylvie Geuten-Carpentier, Managing Partner of Mitiska REIM, adds: “This latest opening continues our very successful partnership with Karuzela which has seen us create over the past five years a portfolio of assets across Poland representing a total GLA of 105,900 sqm. With five additional projects planned to open in the next two years, this will increase to 160,000 sqm of modern retail space, making it one of the most significant and sustainable retail park portfolios in Poland.”

Mitiska REIM’s Polish portfolio consists of ten retail parks in the cities of Września, Wodzisław, Lubliniec, Turek, Kołobrzeg, Biała Podlaska, Puławy, Ełk, Wągrowiec and Świebodzin. Five developments are planned for 2024/25 which includes a retail project in Jastrzębie-Zdrój which is scheduled to open in June 2024.