Newgate Investment has finalized another retail park acquisition this year. The company’s portfolio has been expanded with the Ozimska Park Opole project, covering an area of over 17,000m2 (GLA).
This project was developed on the site of a former retail complex and Tesco hypermarket. The seller was Redkom Development.
This marks Newgate Investment’s third acquisition this year. Previously, the company purchased a retail park from Smart Park Poland, located in the border town of Zgorzelec, with an area of 5,488m2 (GLA), as well as another Redkom Development project in Bielsko-Biala, also with an area of 17,000m2. This property is also in a traditionally commercial location, where a Tesco hypermarket once operated.
Ozimska Park Opole is one of the largest projects in the region, offering a unique range of stores. The park is located at Ozimska Street 72, in a traditionally commercial area near the heart of Opole and close to provincial route 423. The project is well-served by 11 bus lines, and its extensive road network, along with parking for about 500 cars, makes it easily accessible for motorists.
“This is another property in a prime retail location that we are adding to our portfolio,” said Krystian Modrzejewski, Chief Investment Officer responsible for expanding Newgate Investment’s portfolio. “Ozimska Park Opole features stores from well-known brands that residents of the city and the surrounding area cannot find in any other retail facility in Opole or the entire Opole province. These include Woolworth, Dealz, Carry, and the Jula store. Our properties add value to both the city and its residents, as well as to tenants and investors, by offering exceptional retail and service options to local markets,” Modrzejewski notes.
Other tenants of Ozimska Park Opole include Kaufland, TEDi, Rossmann, Pepco, Sinsay, Media Expert, Vive Profit, Apteka Przyjazna, Hert Bakery, Inmedio, Kodano Optician, Orange, Xtreme Fitness Gyms, Itaka, Kuchenne Klimaty, Popolo Pizza & Pasta, and the Sphinx restaurant. The project also offers ATM machines, parcel lockers, electric vehicle chargers, and a specially designed relaxation zone.
Image provided by Newgate.
Europe Real Estate — an overview of real estate developments in European countries.
