The retail park development company TUF RE is reshaping its structure. It is now moving on toward a new chapter entitled: Refield. This change will allow the company to increase the scale of its business, attract more partners and accelerate its development steps.
With the new structure in place, the company is responding to the rapid growth of its business. These modifications will make it possible, for example, to respond dynamically to demand from investors seeking to purchase retail parks.
“We have reached the point where we are implementing more than a dozen projects in parallel at various stages of growth. The pace of our development has challenged us to build an entity with much greater operational capabilities and financial potential than before. Refield is tailored to our customer’s requirements, the extended list of projects and the pace of their implementation. We are therefore replacing TUF RE with a new, much more efficient and agile structure while retaining the track record and all the projects we have been working on under the old banner,” explains Fabian Eryk Barbarowicz, co-founder of TUF RE and current CEO of Refield.
The changes underway are not confined to the company’s rebranding, and their scope is quite significant. “Until now, we have mainly cooperated with one financing investor, and now we are venturing out more widely into the market to seize opportunities for cooperation also with other entities approaching us and interested in joint projects,” adds Refield’s CEO.
“The new name refers to the company’s roots in building commercial projects from scratch. Refield is a blend of two terms that function in the real estate industry: real estate and field. In spoken language, the name can also be associated with the English word “refilled” meaning replenished, filled again. This aligns perfectly with our strategy of developing Malls in locations that need them the most and providing convenient retail solutions in places with potential,” comments Fabian Eryk Barbarowicz.
The company has also changed its image identity, which will not only include the naming of the retail parks built by Refield to date and in the future. They will continue to be constructed as Pasaże with the name of a locality added, such as Pasaż Kępiński.
In line with its intentions to increase the scale of its business by 2025, the company plans to build facilities with a total retail area of nearly 100,000 sqm. Refield is currently developing Pasaż Kępiński (12,000 sqm GLA) and a project in Grodzisk Wielkopolski (6,500 sqm GLA). Commercialization is also in progress for the second phase of a retail park in Lidzbark Warmiński, which will expand with an additional 4,000 sqm GLA and a drive-thru restaurant. Additionally, the leasing process is ongoing for the company’s largest project in Ciechanów (13,000 sqm GLA), along with a 7,000 sqm GLA DIY store. GLA. The company is also launching operations in Podkarpacie, where it will develop two large retail parks for more than 20,000 sqm GLA.
Refield is one of the most active development leaders in the sector of retail parks delivered in the build-to-rent-to-sell model. The company’s first projects were built in Chełmno, Lidzbark Warmiński and Golub-Dobrzyń, all of which have been rented and sold. Among the company’s clients are active real estates funds such as LCP Properties and Falcon Investment Management. The founder of Refield is Fabian Eryk Barbarowicz – co-developer of TUF RE.