Mitiska REIM, a leading specialist investor in European convenience real estate, announced the opening of a new retail center development in the Polish city of Kolobrzeg. Developed in a joint venture with local partner Karuzela Holding and designed to achieve a “Very Good” score on the BREEAM in-use scale, this is the third retail development project opened by Mitiska REIM and Karuzela Holding in Poland this year.
Featuring 40 retail units with a total gross leasable area (GLA) of 19,800 sqm and parking for 1,000 cars, the new retail center is the dominant retail scheme in the region. Food anchored by a Lidl supermarket, other tenants include a mix of national and international brands which include Sinsay, CCC, HalfPrice, Reserved, New Yorker, Martes Sport, KiK, Pepco, and Media Expert. The new development is adjacent to a Leroy Merlin DIY store which opened in January this year and a McDonald’s restaurant is expected to open on 30 November 2022.
The new retail center is conveniently located near the city center of Kolobrzeg and the S6 Expressway and is easily accessible by car, public transport, and bicycle. Located in northern Poland on the Baltic coast, Kolobrzeg has a population of 47,000 inhabitants and is a popular tourist destination that attracts more than 450,000 visitors each year.
Grzegorz Pękalski, a Member of the Board of Karuzela Holding, said: “We are delighted to continue our partnership with Mitiska REIM, one of the European leaders in convenience real estate. This latest project is the largest we have opened in Poland and has been successfully delivered despite initial construction challenges due to pandemic lockout restrictions.”
Mateusz Szymczak, Mitiska REIM’s Investment Manager for Poland, comments: “This new retail center is the largest in both the city and surrounding area and brings new retail infrastructure to the region for both shoppers and retailers alike.”
Sylvie Geuten-Carpentier, the Managing Partner at Mitiska REIM, adds: “Shoppers continue to favor retail parks and convenience centers for their needs-based essential spending, and we continue to see strong footfall across our Polish portfolio.”
Financing for the new retail center was provided by AION and mBank.
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