Mitiska REIM, a specialist investor in European convenience real estate, announced on behalf of the MEREP 3 fund the acquisition of Quick Park Mysłowice retail park. This latest project was acquired in partnership with Karuzela Holding, Mitiska REIM’s joint venture partner in Poland.
Located in the city of Mysłowice in the Silesia region of southern Poland, Quick Park Mysłowice is the only modern large-scale retail scheme in the city, with a gross leasable area (GLA) of 12,760 sqm, comprising 42 retail units and parking for 370 cars. Food-anchored by a Biedronka supermarket, other tenants include Reserved, Woolworth, CCC, Martes Sport, Pepco and Rossmann, plus an owner-occupied McDonald’s restaurant also on site.
The retail park is conveniently located in a highly visible site just 3 km from the city’s old town, and is easily accessible by car, bicycle and public transport, and has a catchment area of 430,000 residents within a 15-minute drive.
As part of its value-add program for the asset, Mitiska REIM plans to optimize the tenant mix and broaden the retail offering, and improve the retail park’s ESG credentials and energy efficiency through the installation of PV panels, targeting a “Very Good” BREEAM certification.
Radosław Miśko, Mitiska REIM’s Investment Director for Poland, comments: “Quick Park Mysłowice is an established income-producing retail park and the largest and most important shopping location in the city. Through our value-add program, we plan to maximise the performance of the asset and cement its place as the go-to shopping destination in both the city and wider area.”
Sylvie Geuten-Carpentier, Managing Partner of Mitiska REIM, adds: “We are delighted to further extend our portfolio of retail parks and convenience centres in Poland, which now comprises 14 assets with a total gross leasable area of more than 230,000 sqm.”
Mitiska REIM was advised on the transaction by Addleshaw Goddard (legal), Gleeds (technical & ESG), Avison Young (commercial) and Crido (tax), and supported by BOŚ Bank (finance).
