First two Quick Park retail projects to open next week
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Developer Real2B Development will next week open the first two of its Quick Park-branded retail projects in Poland. Located in Strzegom and Mysłowice, the schemes will offer approximately 2,000 sqm and almost 16,000 sqm of leasable space respectively. Real2B plans to develop a total of approximately 50 Quick Park-branded retail investments across Poland within the next few years. The developments will all be located in smaller cities with populations of between 20,000 and 100,000, and are meant to be “regional hybrid shopping centers” combining the shopping center and retail park formats. They will range in size from around 2,000 sqm to around 20,000 sqm, depending on the particular location.
Currently, there are projects under construction or at an advanced planning stage in cities including Sulechów, Olkusz, Pułtusk, Kępno, Turek, Oława and Konstancin-Jeziorna. Most of these locations are in western and southern Poland, but Real2B will soon also focus on locations in the eastern part of the country, said Jarosław Fijałkowski, the management board president at the company. According to him, there is still lots of development potential in the smaller cities across Poland. Many of those cities do not yet have any shopping centers and their inhabitants spend hours getting to the nearest agglomeration to shop, Fijałkowski said. The development of the Quick Park chain will be financed with bank loans (approximately 70 percent) and capital provided by the Retail Parks Fund FIZ AN fund (around 30 percent). The fund is expected to raise at least PLN 200 million next year and thus double its current capital.
