ARTICLES LABELLED WITH TAG retail park

Around 135,000 sqm of modern retail space was added to Poland’s total stock in Q2 2024, with new supply comprising both new openings and extensions, while the end of H1 2024 the development pipeline amounted to around 335,000 sqm, according to a report by BNP Paribas Real Estate. 

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).

Aleksandra Mazzini, COO of Sierra Balmain Asset Management, talked to Property Forum about the current popularity of retail parks, the ongoing transformation of the retail sector and the point, where ESG and AI meet together.

Mitiska REIM has announced the opening of a new retail park in Jastrzębie Zdrój, a city of 90,000 inhabitants in southern Poland. Developed in partnership with Karuzela Holding and owned in joint-venture with the FRI 2 fund, this latest opening is the third retail park development opened in Poland by Mitiska REIM and Karuzela Holding in the past nine months.

Krystian Modrzejewski, Chief Investment Officer at Newgate Investment, talked to Property Forum about the recent investment attractiveness of retail parks in Poland, their role as community integration points and the saturation of the retail markets in large Polish cities.

Retail parks continue to attract strong investor interest and remain the most popular retail format on the development market. Meanwhile, new brands are entering the Polish retail market, which is also seeing the rise of AI-powered solutions, say BNP Paribas Real Estate experts in their latest report. 

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.

Redkom Development finalised the sale of Park Glinianka in Łubna in the southern suburbs of Warsaw. The facility was purchased by CEE-BIG B.V. The price has not been disclosed. 

Focus Estate Fund, a fund specializing in non-prime retail properties in Central Europe, announced the acquisition of Island Green Retail Park in Wrexham, United Kingdom. The price of the asset has not been disclosed

CPI Property Group has appointed CBRE as manager of its Stop Shop retail park portfolio in Serbia, which comprises 14 retail parks in 14 cities and more than 120,000 sqm of leasable area. CBRE will provide integrated asset management solutions, including financial and property accounting services, leasing services, and will oversee all operational aspects of the property and tenants.