Retailpark

Over the last few years, retail parks in Poland were mostly developed in smaller formats, around 5,000 s m, either adding to the existing retail landscape or introducing modern retail amenities to smaller towns as their first such facilities. Now, there’s a noticeable shift towards larger developments, with 32 bigger retail parks (GLA > 5,000 sq m.) either being built or expanded, including six that exceed 20,000 sq m.

Mitiska REIM has today announced the sale of five Belgian and five Portuguese retail parks to First Retail Partners, a newly established fund backed by Partners Group, a leading global private markets firm, acting on behalf of its clients.

Mitiska REIM has today announced that fundraising for its third flagship fund, Mitiska European Real Estate Partners 3 (MEREP 3), has now reached 168 Euro million. The fund has already closed three investments since the beginning of this year, representing a third of capital raised so far.

The goal of the company is to scale up the development business. Trei is currently developing a total of 5,900 residential units and 16 retail parks.

Mitiska REIM has announced the opening of a new retail park development in the city of Giurgiu, located in southern Romania on the banks of the Danube.

Mitiska REIM has today announced on behalf of the MEREP 3 fund the acquisition of Europa Centralna, a retail center covering a gross leasable area (GLA) of 67,000 sq m located on a 27ha land plot in Gliwice, Poland.

The new properties are located in Zambrów and Krakow. The investment total amounts to 16.4 million euros and the retail properties cover effective floor area of about 11,000 sq m.

OBI, the DIY expert in Germany and Europe, and redos, an investor, asset and fund manager specialising in large-scale retail properties, are deepening their collaboration and extending the leases for ten retail properties.