Turawa Park receives building permit for expansion

23
Oct
2023
News - Turawa Park receives building permit for expansion #expansion #Focus Estate Fund #Poland #retail

by Property Forum | Retail

The Turawa Park shopping centre near Opole, Poland has received a building permit to proceed with the expansion. The upcoming stage of this project will incorporate an extra 10,000 square meters, expanding the total retail area of the shopping centre to 36,000 square meters.


The shopping centre will commence the expansion, with the new section expected to open to customers in the second half of 2024. The expansion will be carried out according to the design by Czora. After the expansion is completed, Focus Estate Fund plans to introduce eco-friendly solutions. One important step will be the installation of photovoltaic panels on the roof after the renovation.

Maxim Shkolnik, General Partner of Focus Estate Fund, comments, "The current expansion will enable us to offer customers an even richer range of options, both in terms of diverse retail concepts and carefully selected brands. We are currently working intensively on selecting new tenants who will help create the most attractive offers for our customers. With a projected 25% increase in tenancy after the expansion, we anticipate that the total annual visitor count will exceed 3,000,000 customers per annum".

The customers can shop in over 60 shops here. These include brands offering clothing, cosmetics, electronics, jewellery, and multimedia, as well as service providers such as travel agencies and florists. Visitors can also enjoy a meal in the dining area and make use of the fitness zone.

Turawa Park shopping centre is a facility that combines the features of a shopping mall and a retail park, managed by BNP Paribas Real Estate Poland. The 36,000 square meters of retail and service space feature 60 shops and service outlets, including a Carrefour hypermarket and an IKEA pick-up point. Customers have 1,400 parking spaces at their disposal.

Key tenants at Turawa Park include Reserved, Mohito, Sinsay, Media Expert, Smyk, Calypso Fitness Club, Action, Pepco, C&A, Martes Sport, KiK, CCC, Super-Pharm, Takko Fashion, Deichmann, Carry, Maxi Zoo, Rossmann, Sephora, Empik. Turawa Park is located near the Opole ring road, providing convenient access for more than 200,000 residents of the city and its surrounding areas.




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New leases

  • Banca Transilvania has renewed its lease for 1,200 sqm in AFI Park Timișoara, in a deal brokered by Cushman & Wakefield Echinox.
  • Revetas Capital has secured four lease transactions totalling 5,700 sqm of gross leasable area at the Bonarka for Business (B4B) office park in Kraków. The transactions include a new lease agreement with telematics firm Geotab, alongside three lease renewals. Geotab has taken up office space in Building E of the complex. Concurrently, KION renewed its commitment to 4,000 sqm of office space within the same building. The remaining two lease renewals were finalized for spaces in Buildings F and D. Cushman & Wakefield represented Geotab, and JLL advised KION on the deals.
  • Sirowa Poland has relocated its office in the revitalised mixed-use Centrum Praskie Koneser complex. The international distributor of cosmetic and pharmaceutical brands leased 958 sqm in Building P at the development, in a deal brokered by Savills.

New appointments

  • 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.
  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.


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