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

  • Yokogawa Romania has extended its lease agreement for another five years in Building F of YUNITY Park, a business campus owned by Genesis Property. The agreement marks the fourth consecutive renewal for the local subsidiary of the Japanese industrial automation and process control company. Originally signed in 2007, this latest extension brings the total duration of the corporate partnership to more than 20 years.
  • Vastint Romania has secured a new lease agreement with Arcadis Romania for 1,183 sqm of office space in Building A of the Business Garden Bucharest development.
  • Karimpol Polska has signed a major lease agreement with Volkswagen Financial Services at the Skyliner II complex at Rondo Daszyńskiego in Warsaw. The automotive financial services provider will occupy nearly 6,000 sqm of office and retail space in the project's second tower. Following the transaction, the occupancy rate of Skyliner II has reached 50%.

New appointments

  • 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.
  • Colliers has appointed Kata Mazsaroff, Tamás Beck, and Miklós Ecsődi as Equity Partners in Hungary, effective 30 April 2026. Mazsaroff, who joined in 2007, rises to Managing Partner after overseeing a 200 per cent revenue increase since her 2022 appointment as Managing Director. Beck, with Colliers since 1994, has led the Industrial & Logistics division since 2005, facilitating transactions covering 1.9 million sqm of built space and 9.8 million sqm of land. Ecsődi, Head of Occupier Services and Office Agency since joining in 2011, has secured over 450,000 sqm in leases valued above €600 million.
  • Aleksandra Walaszek and Tomasz Nowakowski have joined Cushman & Wakefield’s Retail Agency. Walaszek has more than 10 years of experience in the retail sector. Nowakowski is an expert with nearly 20 years of experience in strategic leasing and retail property transaction management.


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