November 8, 2024

NEWGATE INVESTMENT’S LATEST ACQUISITION: OZIMSKA PARK OPOLE JOINS THE COMPANY’S PORTFOLIO

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 17,000 square meters (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 5,488 square meters (GLA), as well as another Redkom Development project in Bielsko-Biała, also with an area of 17,000 square meters. This property is also in a traditionally commercial location, where a Tesco hypermarket once operated. Currently, Newgate Investment’s portfolio consists of 33 retail properties valued at nearly 300 million Euro, located across various Polish cities, with a total leasable area exceeding 150,000 square meters. The occupancy rate of the entire portfolio is almost 100%. Discussions are underway for the acquisition of additional retail properties.

OzimskaPark Opole is one of the largest projects in the region, offering aunique range of stores. The park is located at Ozimska Street 72, ina traditionally commercial area near the heart of Opole and close toprovincial route 423. The project is well-served by 11 bus lines, andits extensive road network, along with parking for about 500 cars,makes it easily accessible for motorists.

“Thisis another property in a prime retail location that we are adding toour portfolio”, says Krystian Modrzejewski, Chief InvestmentOfficer responsible for expanding NewgateInvestment’sportfolio. “Ozimska Park Opole features stores from well-knownbrands that residents of the city and the surrounding area cannotfind in any other retail facility in Opole or the entire Opoleprovince. These include Woolworth,Dealz, Carry,and the Julastore. Our properties add value to both the city and its residents,as well as to tenants and investors, by offering exceptional retailand service options to local markets”, Modrzejewski notes.

Othertenants of Ozimska Park Opole include Kaufland,TEDi, Rossmann, Pepco, Sinsay, Media Expert, Vive Profit, AptekaPrzyjazna, Hert Bakery, Inmedio, Kodano Optician, Orange, XtremeFitness Gyms, Itaka, Kuchenne Klimaty, Popolo Pizza & Pasta,and the Sphinxrestaurant. The project also offers ATM machines, parcel lockers,electric vehicle chargers, and a specially designed relaxation zone.

Thehigh quality of properties acquired by Newgate Investment ishighlighted by international awards. Ozimska Park Opole is anotherwinner of the EuropeanProperty Awards,which in 2023 recognized the project in the “Retail ArchitecturePoland” category. Another retail park acquired by the company inBielsko-Biała this year also received an award in the “CommercialRenovation / Redevelopment Poland” category. Both of these projectswere developed by Redkom Development.

TheOpole metropolitan area is home to over 300,000 people. NewgateInvestment’slatest retail park, is located in Opole, a town in southwesternPoland with a population of nearly 130,000 people. Opole is animportant administrative, economic, and educational center. The cityis located near the A4 highway. The highly developed educational baseattracts investors, who establish business service centers in thecity due to the availability of skilled labor (including companieslike Asseco, Capgemini, Capita, Comarch, ISTA, PWC, and Stefanini).This positively impacts wages and the purchasing power of Opole’sresidents.

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AboutNewgate Investment

NEWGATEINVESTMENTis a specialized firm dedicated to creating value in retailproperties for investors. The company combines the experience oftop-tier professionals in investment, asset, and property managementwith experts in commercialization, finance, and project management.The company's broad expertise also extends to areas such as rentaland lease management.

Withover 10 years of experience in Polish local markets, includingmanaging retail parks and redeveloping centrally located commercialproperties, the company has amassed unique knowledge and expertise,enabling it to deliver significant added value for all target groups(investors, tenants, and local communities).

Thecompany’s portfolio currently comprises 33 retail properties with atotal area exceeding 150,000 square meters (GLA), located acrossvarious Polish cities.

AboutRedkom Development

REDKOMDEVELOPMENTspecializes in the construction and commercialization of large retailparks through both greenfield and brownfield investments, aligningwith the needs of modern retail in cooperation with well-known andtrusted partners. Redkom Development also undertakes logistics andresidential projects. The company operates in Poland, Romania, andSpain.

In2023, Redkom Development completed 27,000 square meters of retailparks in Poland, and over 100,000 square meters are currently underdevelopment.

RedkomDevelopment has been recognized and awarded within the retailindustry for the high quality of its projects, receiving honors suchas the European Property Awards, CEEQA, Prime Property Awards, CIJAwards, and CEE Retail Awards.