The Newgate Investment company has completed the purchase of a retail park located at 135 Bydgoska Street in Piła.
This facility features a leasable area of 15,943sq m and is situated in a traditionally commercial zone, having previously housed a Tesco hypermarket. The price has not been disclosed.
Currently, it accommodates several major retailers, including Castorama (the only one within an 80km radius), Biedronka, Pepco, RTV EURO AGD, Rossmann, Sinsay and the DOZ pharmacy. This marks Newgate Investment’s second retail park in Piła and the thirty-fourth in the company’s Polish portfolio, which totals approximately 181,000sq m of Gross Leasable Area (GLA). Negotiations are currently underway for the purchase of additional properties.
This acquisition is part of Newgate Investment’s ongoing expansion of its retail portfolio. The company previously acquired Ozimska Park Opole (over 17,000sq m GLA), Comfy Park Bielik in Bielsko-Biała (over 17,000sq m GLA) and Smart Park Zgorzelec (over 5,000sq m GLA).
“We are consistently expanding our portfolio of commercial properties. We focus on acquiring facilities that hold a dominant position in local markets or are part of key commercial destinations in their respective cities. These properties will maintain their competitive advantage for the long term by meeting the needs of local communities with essential goods and services,” says Robert Dudziński, Director of Asset Management at Newgate Investment. “In 2025, we plan to invest around €100M in acquiring new facilities for our portfolio,” he adds.
