News Article Falcon Investment Management investment Poland Refield retail park
by Property Forum | Investment

Refield sold two retail parks, Pasaż Kępiński and Pasaż Grodziski, to Falcon Investment Management . These two assets, totalling 22,000 sqm GLA, were completed by Refield in late 2023. Earlier, the fund acquired Pasaż Golubsko-Dobrzyński in 2022. The total value of the transaction amounts to more than PLN 150 million (ca. €35 million).

Pasaż Kępiński and Pasaż Grodziski were put into operation by Refield at the end of 2023. Pasaż Golubsko-Dobrzyński, which opened in March 2022, was the first of the three to be sold to the Falcon fund and was renamed OTO Park Golub-Dobrzyń shortly after the purchase.

"After Pasaż Golubsko-Dobrzyński, we are handing over to the Falcon fund two more retail parks we have built, but also fully commercialised. The tenants include the most popular retail brands, which are a guarantee of business success", said Fabian Eryk Barbarowicz, CEO of Refield.

The transaction is part of Falcon Investment Management's long-term development strategy to create a coherent and modern network of retail parks under the OTO Park brand. "We are not only building but also buying retail facilities that fit into our ambitious growth plans. Today, we have almost 62,000 of modern retail space in our portfolio, but by the end of this year, this value will increase significantly", commented Piotr Piechocki, founder and CEO, Falcon Investment Management. 

Pasaż Kępiński is located in Baranów near Kępno. With an area of 12,000 sqm, it offers customers 21 units in three buildings and a car park for app. 400 cars. 

Pasaż Grodziski in Grodzisk Wielkopolski, consists of two buildings with a total area of 6,500 sqm. It offers 10 retail units and a car park for app. 170 cars.

OTO Park Golub-Dobrzyń (previously operating under the name Pasaż Golubsko-Dobrzyński) offers 3,500 sqm of space and seven retail units. The facility is located on ul. Sokołowska, in the vicinity of the city's only Biedronka chain grocery shop.

All three parks purchased by Falcon Investment Management have been fully commercialised by Refield.