Galeria Awangarda. Image: Focus Estate Fund
Ticker

Rossmann and Pepco – new brand names in Galeria Awangarda, Poland

The tenant mix in Galeria Awangarda (Bartoszyce, Poland) is reinforced by well-known international brands. For instance, Rossmann (Europe’s largest retail chain of make-up, household goods, foodstuffs) and Pepco (a chain of discounted clothing and household goods) have signed lease agreements for five years and will occupy areas of 440 sq m and 540 sq m, respectively. The opening of Rossmann store is scheduled for February 2021. Pepco’s – during the second half of the next year.

In addition to Rossmann and Pepco, several other tenants have extended their leases by five years or more. Among them is the German discounter KiK (484 sq m) and one of the largest Polish supermarket chains for electronics and household appliances Neonet (453 sq m).

“The pandemic and lock-downs have seriously impacted the retail sphere, but nevertheless we are optimistic about 2021 and are following our plans to expand our store network in the European market. Today there are over a thousand Pepco stores operating in Poland offering a range of more than 10 thousand items of clothing and household goods at an affordable price. We have monitored the market in order to find a new location and preferred Awangarda in Bartoszyce. We were impressed by Awangarda’s tenant-pool and excellent location of the mall, both fitting the preferences of our target audience”, commented Bożena Pekowska, Expansion & Lease Manager, Pepco Poland.

“Despite the current market challenges, we have attracted high-quality tenants ready to reinforce the existing anchor tenant roles in Awangarda including JYSK, Biedronka, Komfort, KIK, and Deichmann. Now the mall’s visitors will enjoy an extensive range of home and leisure goods under one roof. The availability of a wide range of products in one location is what clients expect from the shopping centre, especially during pandemic”, said Mariusz Czerwiak, Director at Retail Agency, JLL.

Maxim Shkolnick, Focus Estate Fund Partner: “Focus Estate Fund has acquired Galeria Awangarda in 2018. After two and a half years of management, WAULT (weighted average lease term) has grown from 2.7 to 5.7 years. Above all it happened due to the fact that we have organized productive and open dialogue with our tenants. We are very grateful to the tenants who appreciated our efforts, found new opportunities for growth and offered visitors a high level of service and a wide range of goods. I believe such synergy and constant collaboration continues to ensure the leading position of the shopping center in this region.”

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

Umdasch: Digital Signage offensive at TotalEnergies

With their new order, the Store Makers from umdasch can once again prove their expertise: In addition to the delivery, installation and implementation in operation of the Digital Signage system by umdasch Digital Retail, umdasch Food Retail will implement the redesign and digital equipment of numerous tobacco shelves.

Atrium had more than 50 new openings in the first half of 2022

Atrium continues to enrich their centres with new and refreshed retail concepts. In the first half of 2022, over 50 new stores were opened with a total area of 14 000 sq m. Debut retailers in the country and in cities where Atrium is operating make up the majority of these new openings.

La Torre Outlet Zaragoza receives TripAdvisor’s Travelers’ Choice 2022 award

La Torre Outlet Zaragoza becomes one of the favourite destinations for travelers and visitors in the city after being awarded TripAdvisor's Travelers' Choice 2022.

MRM signs agreement to acquire two shopping centers from Altarea Commerce

MRM announced proposed acquisition of two leading and successful properties in Flins-sur-Seine (Yvelines) and Ollioules (Var) for a total of 90.4 million Euro. The acquisition would entail capital increases by MRM of a total of 50 million Euro.

British Land expands its retail and leisure offering at Regent’s Place

British Land has signed nearly 2800 sq m of food, leisure and wellbeing space at Regent’s Place, its Campus located at the intersection of Camden, Fitzrovia and London’s Knowledge Quarter.

Improving the Customer Experience through the Lens of Data

Landlords, tenants, and service providers have to collaborate with each other in order to create the best customer experience. Data helps when it comes to making better decisions. PropTech enables landlords to connect using such data.