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POLAND Mitiska and Karuzela open Wągrowiec retail park

Retail & leisure
Mitiska REIM in a joint venture with local partner Karuzela Holding has opened a retail park in Wągrowiec in northwestern Poland.

The 8,400 sqm gla retail park has 13 units and is anchored by a Lidl supermarket. Other tenants include Action, Sinsay, Kik, Tedi, Dealz, Pepco and Media Expert.

It is located close to the town’s ring road and is adjacent to a McDonald’s restaurant and a Mrówka DIY store. The retail park has been designed to achieve BREEAM in-use ‘Very Good’ certification. Wągrowiec is situated about 50 km from both Poznań and Bydgoszcz.

We originally secured the urban infill site in Wągrowiec in an off-market transaction and expect this new retail park to become very popular amongst shoppers as it offers the only modern retail space in the area.
Janusz Botorek, a board member of Karuzela Holding

The project is one of three retail parks scheduled to open this year, following the opening of one in Puławy in April, with another scheduled to open in Kołobrzeg later in October. Mitiska REIM and Karuzela have so far developed a portfolio of seven standing assets and have six in the pipeline totalling more than 150,000 sqm gla.

In July this year, Mitiska REIM announced the first close at EUR 137 mln of its third flagship fund, Mitiska European Real Estate Partners 3 (MEREP 3), which will invest in grocery-anchored retail parks, last-mile urban logistics and multi-leased light industrial opportunities in urban infill locations. Further closings of MEREP 3 are planned over the next twelve months.

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Edition 6 (289) June 2024

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