News Article Bielsko Biała investment Newgate Investment Poland Redkom Development retail
by Property Forum | Investment

A retail park in Bielsko-Biała, which is being built on the site of a Tesco shop on Warszawska Street, has a new owner. Redkom Development, responsible for the construction and commercialisation of the facility, sold the project to Newgate Investment, a company specializing in managing the value of retail properties, especially retail parks. The price has not been disclosed.

Newgate Investment's portfolio currently includes 31 schemes with a total GLA of more than 140,000 sqm. The occupancy rate of the retail spaces making up the company's portfolio is nearly 100%.

The retail park in Bielsko-Biała is scheduled to open in Q4 2024. The new facility will provide the market with 17,000 sqm of GLA with approximately 30 shops and service units. It will therefore be the largest retail park in Bielsko-Biała.

A car park for 500 cars will be built next to the facility. A Burger King Drive-thru restaurant will also be part of the project, further enhancing the park's attractiveness for city residents.

The agent working with Redkom Development on the commercialisation of the building is Mallson Polska. Among the tenants, besides the grocery operator, which will be Kaufland, there will be popular brands such as: Sinsay, TEDi, Jysk, Media Expert, Kodano Optyk, Xtreme Fitness Gyms, or KiK.

Despite the sale, Redkom is still responsible for the construction and commercialisation of the retail park in Bielsko-Biała.

This is the second sale transaction done by Redkom Development in Q2 2024. At the beginning of April, the company sold Park Glinianka, which has been in operation for a year, with an area of over 10,000 sq m (GLA), located in Łubna near Warsaw. The buyer was the BIG group.

"The sale of the retail park in Bielsko-Biała is our second transaction in just two months. We are delighted to enter into a partnership with Newgate Investment. This will be an exceptionally strong project and a strong retail destination for the entire region. Next to Castorama, at the very entrance to Bielsko-Biała, surrounded by Moya and KFC stations, together with a Burger King restaurant under construction in our park and with Kaufland as a grocery operator", says Łukasz Komierowski, CEO of Redkom Development.

"The new retail park, which is being built in Bielsko-Biala as part of our expanding network of facilities under the Comfy Park brand, will provide local markets with a rich retail and service offer. It will be the dominant retail park in the region, providing the most of the local communities needs. For this reason, among others, we decided to purchase this property - says Krystian Modrzejewski, Investment Director at Newgate Investment. "We are not stopping with this purchase. We are in advanced negotiations regarding the purchase of other retail properties that are part of dominant retail locations", emphasises Krystian Modrzejewski.