Focus Estate Fund completes retail park renovation in Poland
The redevelopment of the Eden Park retail park in Zgorzelec (Poland) has been completed, commissioning documents have been received and the rental campaign of the updated retail park is in full swing.
Six retailers have signed long-term lease agreements and have already opened their stores. Among them are well-known international and local brands, such as Jysk (1,026 sqm), Action (867 sqm), Chinski Market (1,344 sqm), Meble Lord (874 sqm), Komfort (565 sqm). Decathlon became the anchor tenant of Eden Park. The grand opening took place on December 19th.
A team from CBRE and Młyn Retail Parks worked on leasing strategy.
Focus Estate Fund acquired the asset in 2018, invested more than €2 million n order to expand the area to 10,000 sqm and change the format from a shopping centre to a retail park.
Eden Park has a good location as part of a large trading cluster in a town directly on the border with Germany (city of Görlitz) and thus generates customers flow from two countries.