EDEN PARK: the forthcoming relaunch
Published Date: 16/09/2019
Eden Park Handlowy (Zgorzelec, Poland) has changed the format of the shopping center into a retail park during the reconstruction. Thus the total GLA has increased to 10,000 m2. At the moment the park is actively filling its leasing areas. Agreements have been signed with several companies recently.
In particular, 867 square meters for six years took Action – an international non-food discounter offering more than 6 thousand items of consumer goods. 875 sq.m seven years rented a local retail furniture chain Meble Lord.
Eden Park Handlowy anchor tenants already include Decathlon (1,900 m2), which is scheduled to open its store this autumn, and Danish furniture chain Jysk (1,020 m2). There is also a Polish network of flooring stores Komfort (565 m2).
“The reconstruction planned by the Fund during the acquisition will be completed this autumn. Practically, we are restarting this property again in the format of a retail park. We have already managed to form a high-quality tenant mix that will complement major shopping cluster with retail “magnets” such as Carrefour and Leroy Merlin”, – Maxim Shkolnick, Partner of Focus Estate Fund, said.
Marcin Pawłowicz, Country Manager, Poland, Turner & Townsend: “We are proud to be part of this interesting remodelling project. Supporting Focus Estate Fund with Project and Cost Management services on the Eden Park investment is very much aligned with our determination to shape a better built environment for future generations with our tailored services. The investment follows the overall European trend we are currently observing in bringing new life to existing retail schemes.”
It is worth reminding that Eden Park Handlowy is the third shopping center that Focus Estate Fund has acquired in Poland over the past two years. The Fund’s portfolio is also represented by two shopping centers in the Czech Republic.
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.