Two modern retail parks, one located in Zabrze and another one in Gliwice, were acquired by private investor.
Zabrze retail park is located in the southern part of town, just near cross-town route 902 (Drogowa Trasa Średnicowa), well connected both with other parts of the town and Silesian agglomeration and accessible both by car and by public transit.
The entire area of over 3,000 sqm has been let. The biggest tenants are Biedronka, Pepco, Rossmann and TEDi: stores covering a wide scope of customers’ everyday needs. Moreover, there is KFC and Orlen petrol station in the close vicinity, enriching consumer experience.
Gliwice retail park is located in the eastern part of town, near the A1 highway and cross-town route 902 (Drogowa Trasa Średnicowa), and is also very well commuted. It offers over 3,300 sqm GLA which is also 100% rented. Main tenants are renowned discount retailers: Aldi, Pepco, Rossmann, TEDi.
“Transacted retail park portfolio offers what the best quality retail park in the regional market should have: great location, excellent tenant mix and additional facilities. In times of market uncertainty, investors tend to focus on the best projects, offering a perspective of long and stable income. Therefore, this Silesian retail park portfolio, with model location, perfect visibility and long WAULT with multiple anchors was a very attractive purchase for our client.” – comments Artur Czuba, Associate Director, Investment at Avison Young.
Avison Young jointly with Radomski REIM represented the purchaser. On behalf of the client, Avison Young identified the potential of the asset and conducted due diligence process. This is another transaction of convenience retail scheme that Avison Young investment team has closed this year.
Duda Development
Duda Development is a Polish company engaged in the comprehensive development of commercial, residential and office projects, leasing office and retail space and also acquiring and disposing of land for investment activities. Duda Development has been in the real estate business since 1997 and now it owns and develops property all over the country. The company’s biggest residential developments are located in Poznań and Łódź.
A family business from the very start, Duda Development is a vital part of Duda Holding: a group of companies owned and managed by the Duda family. Striving to diversify its assets in order to achieve maximum market flexibility, Duda Holding owns companies from many different sectors apart from the real estate development, such as HoReCa, investment funds, automotive and many more.
