Over 16,400sq m GLA currently supplies the Białystok market with the Wysocki Retail Park, which was created on the basis of the former Outlet Białystok project.
The owner, Newgate Investment, planned and implemented the processes of reconstruction and re-commercialisation of the former outlet with an original GLA of 13,336sq m. As a result of the changes, the area of the facility increased by over 3,000sq m and the NOI level increased by approximately 70 per cent.
Redevelopment projects initiated by Newgate Investment began in 2021. The final stage is currently underway. Newgate Investment manages a real estate portfolio consisting of 30 commercial facilities with a total lettable area exceeding 126,000sq m. The rental level of the property is close to 100 per cent.
“Based on the extensive experience of Newgate Investment teams, which provides comprehensive solutions for its investors in the field of investment management, asset management, leasing and property management, we have prepared a project that is as tailored as possible to the potential of the location and market expectations for the benefit of all target groups: investors, tenants and local residents,” says Robert Dudziński, Head of Asset Management at Newgate Investment.
