Newbridge, which is a part of a long established British family investment group, now operates a EUR 150 mln retail portfolio in Poland. The company is planning to triple its value in just three years as it turns these shopping centres into local neighbourhood hubs.
Rafał Ostrowski, ‘Eurobuild CEE’: You’ve been active on the Polish market for three years, during which time you’ve built up a portfolio of three shopping centres and three retail parks. What is going to be your next move?
Rory Mepham, CEO, Newbridge: Our goal is to convert these assets and others that we acquire into neighbourhood hubs. What I mean by that is that we want to manage our centres to become central to the communities in which they are located. These are not very big centres, but we want them to contain all the necessary shops and amenities that the people who live in the local community will want to use several times a week. We are not particularly interested in the type of large format shopping centres that typical shoppers might visit once a month. We are more focused on local neighbourhood schemes, which people might want to visit quite regularly – up to two or three visits a week to satisfy their regular shopping needs.
How can you en
86% of content remaining
Unlock full access to the article
Get 17% discount when you pay annually
Access to current material
Choose
Access includes
- Access to current material
Access to all EurobuildCEE materials
100 €
83 €
You save 17% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
- Exclusive news, comments, articles and interviews with the most important market representatives and experts
- Archive containing data and information from the commercial real estate and construction market in Poland and the CEE region, collected over 27 years;
- Eurojobs
- Eurobuild FM
Already have an account? Log in