Capital park buys two retail properties in Warsaw

Polish developer Capital Park has purchased two convenience-type retail schemes, currently under construction in Warsaw’s Ursynów district, altogether totaling 4,500 sqm. Both properties are located on the ground floor of residential buildings and both will be anchored by supermarket chain Piotr i Paweł. The lease agreement with the chain has been signed for 10 years. The first project, with the largest unit of 1,000 sqm, is located on ul. Pileckiego and set to be delivered in H2 2015. The other scheme is situated at the intersection of ul. Belgradzka and ul. Rosoła and scheduled for H2 2016. It consists of nine retail units, the largest of which offers 2,200 sqm and will be leased by the supermarket chain. The two properties will be included in a new dividend fund that Capital Park is planning on creating.