Retail Parks in focus for investors

Heavily weakened by the pandemic, the retail sector has gained a new niche among commercial real estate investors. There is now increased activity in investments centered mainly around retail parks in smaller, regional cities. Recently, MNK Partners decided to buy retail parks in Piaseczno and Dobre Miasto near Warsaw. 

"Retail parks have remained in our area of interest for several years. We see that their popularity continues to grow. These formats offer the opportunity to make quick purchases, and thanks to their wide offer of basic products at affordable prices, they are liked by consumers," Małgorzata Cieślak-Belgy, a chief investment officer of MNK Partners, said.

After two years shaped by the impact of the pandemic, the popularity of quick, everyday shopping has entered the habits of shoppers for good. And as a result, investor interest in retail parks and convenience facilities has increased.

"Particularly noteworthy is the fact that brands are preparing separate versions of showroom design projects to be located in local retail parks. The interest of consumers and owners of salons and retail chains makes regional retail centers an attractive class of real estate that is immune to market turbulence," Małgorzata Cieślak-Belgy added.

MNK Partners is a French independent asset management firm specializing in pan-European investments in high-value properties. In the coming months, it announces further investments in local retail parks. 

(WBJ)