Futureal acquires full ownership of the Nova Park shopping center (PL)

Futureal Group has acquired full ownership of the NoVa Park shopping center in Gorzow Wielkopolski, Poland. The project was developed as a joint venture between Caelum Development and Futureal Group. The acquisition was motivated by a 25% increase in year-on-year footfall and turnover figures, solidifying Nova Park’s position as the dominant shopping center in the whole Lubuskie voivodeship with over 1 million inhabitants.

Futureal, a leading real estate developer & investor in CEE, has signed a definitive agreement to acquire the 50% stake of its joint venture partner, Caelum Development in the NoVa Park shopping center in Gorzow Wielkopolski, Poland, thereby increasing its stake to 100%.

“We are happy that the project we have put so much heart into goes into the good hands of such a reliable and caring partner. We are sure that Futureal will continue and expand the potential of the center in the best way. I would like to emphasize the very positive cooperation between our organizations and especially with my good friend Gabor Futó which enable us to create such a good project but for us the time is right to exit and concentrate on managing our long-term holdings.“ - says David Sharkey, founder of Caelum Development.

“We thank the team at Caelum Development for being an outstanding partner of ours. I am especially grateful to have worked with David Sharkey, whose integrity, optimism and energy has inspired all of us to succeed in times when even the future of the Eurozone was in question. Together, we have developed a unique project, which has become the dominant center in the region”, says Gabor Futó, founder of Futureal.

Since it’s opening in April 2012, Nova Park has consistently strengthened its position in the region and recorded over 25% year-on-year increase in turnover and footfall.

NoVa Park is a unique concept of a regional shopping center. It is not only the largest facility of this type in Gorzów Wielkopolski but also in whole Lubuskie voivodeship with over 1 million inhabitants. NoVa Park houses over 140 retail units on 32,400 m² of GLA, providing its customers with diversified offer of brands which were not present on the local market before. NoVa Park is anchored by tenants such as: H&M, Bershka, Stradivarius, C&A, KappAhl, Reserved, Cubus, CCC, Calzedonia, Intimissimi, Deichmann, Intersport, Lindex, Carry, KFC, Piotr I Paweł, Pure Fitness, Smyk, Sephora, Douglas, New Yorker, Empik, Superpharm or Media Expert.

The center is located in the picturesque neighborhood of the boulevard running along the Warta River. The project has contributed to the revitalization of this urban area.

Modern road infrastructure enables customers to easily access the most modern shopping center in the region.

Source: Futureal

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