Trei Real Estate GmbH (Trei), an international developer and asset holder for residential and retail real estate, is about to open its 19th retail park under the Vendo Park brand in Poland. The retail property is located in Czestochowa in the Silesian Voivodeship in southern Poland. With a population of around 230,000 residents, it is the second-largest city in Silesia. It lies a car ride of roughly three hours south-west of Warsaw on the River Warta. The new Vendo Park, one of the largest retail parks in Trei’s portfolio, has a lettable area of around 8,200 square metres and a tenant base of 13 retailers. The amount that Trei invested in the asset approximates 11.9 million euros.
In addition to its retail units, the new Vendo Park provides 160 parking spots. The property is almost fully occupied. Its 13 tenants include Kik, TEDi (both textiles and interior decoration), Maxi Zoo (pet supplies), Dealz (discount store), Rossmann (drugstore) and Pepco (textiles and interior decoration), among others. In addition to the Vendo Park, Trei created an access road that includes a walkway and cycle lane, and constructed another building for discount grocer Lidl that occupies 1,960 square metres of the gross lettable area on the plot of land which covers a total area of 22,900 square metres.
Overall, Trei currently holds 29 Vendo Parks in its portfolio, of which 19 are located in Poland now. The next retail parks, located in Zielonka, Lukow and Wladyslawowo, are yet to open this year. The long-term objective is to have completed 50 assets or more within the next three years.
Image credit : Trei Real Estate.
Source : Trei Real Estate