Eden Park finished renovations and strengthened its tenant mix
Published Date: 19/12/2019
Redevelopment of the Eden Park retail park in Zgorzelec (Poland) has been completed, commissioning documents have been received, 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 sq. m.), Action (867 sq. m.), Chinski Market (1,344 sq. m.), Meble Lord (874 sq. m.), Komfort (565 sq. m).
Decathlon became the anchor tenant of Eden Park. The grand opening took place on December 19th. One of the world’s largest retailers and manufacturers of sports products came to Zgorzelec for a long time, located in a separate wing with its own entrance. More than 25 thousand items of goods of about 30 brands will be presented to customers within the area of 1,900 square meters.
“Excellent location, perfectly tailored tenant mix and new brands expected by Eden’s customers will determine the success. Both Polish and numerous German customers will appreciate the new brands in the Eden. A wide range of offers from sports equipment to home furnishings ideally suits the needs of customers,” said Mariusz Majkowski, Director, Head of Investor Leasing, A&T Retail, CBRE.
A team from CBRE and Młyn Retail Parks worked on leasing strategy.
It is worth reminding that Focus Estate Fund acquired this object in 2018, invested more than 2 million euros in order to expand the area to 10,000 square meters and change the format from a shopping center 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.
Focus Estate Fund is a real estate investment fund with its headquarters in Kyiv (Ukraine), focusing on non-prime commercial real estate in the countries of Central and Eastern Europe. The fund plans to invest in the development of commercial real estate projects of medium format in the most dynamic markets of Eastern Europe in the amount of 50 million euros over the next 2 – 3 years.