Turawa Park expansion underway with new tenant contracts signed

Focus Estate Fund the owner of Turawa Park is pleased to announce the signing of four lease agreements, representing approximately 61% of the Gross Leasable Area (GLA) of the former DIY building. These agreements include well-known brands such as: New Yorker, Martes Sport, DM and Forpepe House. Furthermore, negotiations are underway for the finalisation of an additional three lease agreements, which are expected to cover more than 90% of the GLA. These forthcoming agreements will further enrich the retail mix, enhancing the shopping experience for visitors to Turawa Park.

In support of this ambitious project, Focus Estate Fund has secured financing through a credit facility provided by BNP PARIBAS Bank.

Maxim Shkolnik, General Partner of Focus Estate Fund, expressed confidence in the project’s success, “We are confident that with the help of our partners from BNP Paribas Real Estate, Turawa Park will progress swiftly, bringing us closer to realizing our vision of a premier shopping destination that caters to the diverse needs of our customers. The expansion project, currently underway, presents an opportunity for retailers to join a thriving retail ecosystem and capitalize on the center’s dynamic environment. With the ongoing development of expansive residential projects in the vicinity, Turawa Park’s catchment area continues to expand, adding more responsibility to provide a compelling and rounded offering to the growing customer base”.

“Redevelopment of a first generation DIY building into a modern retail park was part of an ambitious retail strategy to finalise the overall repositioning of a dominating 36 000 sqm destination. Mixing both convenient family offer and newer, specialised value retail chains under the same roof, proves to be the next generation of “proxy(e)fficiency” assets.” – says Fabrice Paumelle, Head of Retail BNP Paribas Real Estate Poland.  

Focus Estate Fund – a private equity real estate investment fund focusing on non-prime value-added retail properties. The Fund’s strategy is to invest in the existing mid-market convenience retail properties in Europe’s most dynamic markets.

BNP Paribas Real Estate – As one of the leading international real estate providers, we offer clients a comprehensive range of services that span the entire real estate lifecycle: Property Development, Transaction, Consulting, Valuation, Property Management and Investment Management.

Turawa Park Shopping Centre is a modern facility that combines the features of a shopping mall and a retail park, managed by BNP Paribas Real Estate Poland. The 36,000 square meters of retail and service space feature 60 shops and service outlets, including a Carrefour hypermarket and an IKEA pick-up point. Customers have 1,400 parking spaces at their disposal.

Key tenants at Turawa Park include Reserved, Mohito, Sinsay, Media Expert, Smyk, Calypso Fitness Club, Action, Pepco, C&A, Martes Sport, KiK, CCC, Super-Pharm, Takko Fashion, Deichmann, Carry, Maxi Zoo, Rossmann, Sephora, Empik. Turawa Park is located near the Opole ring road, providing convenient access for more than 200,000 residents of the city and its surrounding areas.