Mitiska REIM, the leading specialist investor in European convenience real estate, has today announced the expansion of its joint venture partnership with Karuzela Holding with the opening of a new food-anchored retail park in the Polish city of Biala Podlaska.
Featuring 28 units with a gross leasable area (GLA) of 17,700 sqm and parking for 860 cars, the new Biala Podlaska development has become the dominant retail scheme in the city of 55,000 inhabitants. Located on a highly visible site on a main artery road and close to residential areas, the retail park is easily accessible by car, public transport, bicycle and by foot.
Food anchored by a Lidl supermarket, the retail park is 100% let to a high-quality tenant mix which includes Reserved, Action, Kik, Tedi, Media Expert, Dealz, Pepco, New Yorker and Sinsay. Also opened on site as a retail anchor is an owner-occupied Agata Meble furniture store with a GLA of 7,000 sqm and a 3,300 sqm Bricomarche DIY is planned to open at the end of this year. These together will bring the total GLA of the retail destination to 28,000 sqm. In terms of sustainability, the new retail park is designed to achieve a “Very Good” score on the BREEAM scale.
Source: press release sent via email on 24 Oct