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The Warsaw Voice » Real Estate » August 13, 2008
Real Estate
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Retail Market
August 13, 2008   
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Parkridge Plans New Projects

Parkridge Retail Poland is planning to open a new retail center in Zielona Góra on Sept. 17 and has a busy schedule for the next few years. Ongoing projects include retail and leisure centers in Piotrków Trybunalski, Gliwice and Jelenia Góra. Parkridge is still on the look out for sites for new projects in Poland as well as abroad. The company says it plans to build almost 20 retail and leisure Focus Parks and a chain of Multi Park shopping centers are well under way. The firm is planning new projects in Piła, Starogard Szczeciński and Tarnów. The planned Focus Park in Piła, designed by architects Arch Magic-known for designing Warsaw's Sadyba Best Mall-will cover an area of almost 120,000 sq m. Starogard Szczeciński's Focus Park will be 40,000 sq m in size and provide jobs for almost 500.

The designers are MOFO Architekci, who have already worked on four other Focus Parks. The total cost of the project is some zl.200 million. The timeframe for this project is between 18 and 24 months.

Parkridge also plans to open a Multi Park in Tarnów in the third quarter of 2009. This will be its second Multi Park in Poland.

New Mall for Płock

A new Galeria Mosty shopping mall is expected to open in the central city of Płock in the first quarter of next year.

The center occupies a prime location that once belonged to a state-owned bridge building enterprise on the corner of Tysi±clecia, Przemysłowa and Bielska streets. The Austrian-based Meinl European Land Group that now owns the site started construction at the beginning of the year. The overall area is 49,972 sq m, of which the Galeria takes up 25,954 sq m. Around 90 percent of the 18,700 sq m available for lease has already been let out. Tenants include members of the H&M chain and the LPP group (Reserved, Cropp, Esotiq and Home&You). There is also an Alma delicatessen, a Cinema City multiplex, an Empik bookstore and cafe, a Burger King and KFC. Manhattan Real Estate Management will be managing the complex.
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