ARTICLES LABELLED WITH TAG retail park

New retail projects with a combined leasable area of around 180,000 sqm were completed in Romania during 2024, down by around 15% versus 2023, with retail parks accounting for the biggest share of deliveries, according to Cushman & Wakefield Echinox. 

Przystanek Karkonosze, a retail park of 16,000 sqm GLA, is being built in Miłków, a suburb of Karpacz. The facility will be located on Karpacka Street at the intersection of roads leading to Karpacz, Kowary, Szklarska Poręba and Jelenia Góra, forming one of the most attractive retail destinations in the Karkonosze district.

Redkom Development opened Comfy Park Bielik, the largest retail park in Bielsko-Biała (southern Poland). Nearly thirty stores and service points have been built on more than 19,000 sqm of retail area, including a Kaufland store occupying more than 5,000 sqm.

BIG Poland’s portfolio is expanding with two new investments: Park Kujawia in Włocławek and Atut in Myszków. The total value of both transactions exceeds €56 million. With these additions, the BIG brand now owns 7 retail parks in Poland, located in Łubna near Warsaw, Lubin, Andrychów, Gorzów Wielkopolski, and Ostróda. Including 3 development projects currently underway, BIG Poland’s portfolio now comprises 10 locations.

Hungarian investor GESTOR REAL ESTATE announced the successful sale of Mazarrón Park, a retail destination on Spain’s scenic Costa Cálida, to French investment firm Epsilon 360° SCPI. This acquisition represents a significant milestone for Epsilon 360° as it broadens its reach into the thriving Spanish market, marking its first major investment outside of France.

Jacek Wesołowski, Managing Director of Trei Real Estate Poland, has talked to Property Forum about the rising popularity of retail parks in Polish cities, the expansion in the PRS market and the challenges for the coming years.

Gestor, a Hungarian private real estate investment and asset management company has acquired the Portal Mediterraneo retail park in Spain from Mitiska REIM. Savills acted as an intermediary in the successful transaction. 

In recent days, Newgate Investment (NGI) has finalized the acquisition of a ready-made retail park in Zgorzelec with a gross leasable area of 5,488 sq m (GLA). The seller was Smart Park Poland - an investor and developer of retail parks. The price has not been disclosed. Financing for the transaction was provided by mLeasing.

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).