Eden Park. New format – the whole new story
Published date: 11/03/2020
Eden Retail Park (GLA – 10,000 sq. m.) in Zgorzelec (Poland) has showed excellent results in its first two months after the reconstruction. According to the results of 2019, tenants who continued working during the reconstruction of the retail park, showed an increase in turnover compared to the previous year. Thus, the beginning of 2020 showed even more impressive results. In general, trade turnover of the retail park in January 2020 has increased by 24.4% compared to January 2019.
The opening of the new Decathlon store (1,900 sq.m) in mid-December last year was also a success. It is one of the largest retailers and manufacturers of sports goods in the world. “Over the first weekend alone, about 6,000 customers have visited the store,” Mirosław Żurawski, Development Manager of Decathlon Sp. Z o.o, commented.
According to the information provided by Action, «the lease agreement was signed for the area located in refurbished Eden Park. The end of last year was successful for them. This store is one of Action’s 63 retail locations in Poland, and according to the December’s results, the average purchase check significantly exceeded their expectations».
“Commercial success of this project was predetermined by advantageous location of the scheme, close to the German border and the city of Görlitz which ensured the steady flow of buyers from the neighboring country. Further reconstruction of the galleria into the retail park undoubtedly gave a new life to the facility. The increased area and new popular brands along with the improved navigation and visualization made the retail park more customer-friendly. All this became possible due to the effective cooperation with our tenants. So we ultimately get to a win-win situation as the retail park provides our buyers with the best and widest offer in the area while the tenants’ business is boosting”, Maxim Shkolnick, Focus Estate Fund Partner, said.
It is worth reminding that the reconstruction of the shopping park was completed in mid-December 2019, its tenants are well-known international and local brands such as: Decathlon (1,900 sq. m), Jysk (1,026 sq. m.), Action (867 sq. m.), Chinski Market (1.344 sq. m.), Dyskont Meblowy Lord (874 sq. m.), Komfort (565 sq. m.).
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.
For any additional information please contact:
Press-coordinator of Focus Estate Fund
Mob.: + 38 050 5170077