Knight Frank seeks JV partner for Polish retail park platform

Knight Frank is assisting Polish retail park and convenience sector investor and asset manager Newgate Investment in finding a joint venture partner. 

Ozimska Park Opole

The goal is for this partner to acquire a stake in a €275 mln platform comprising 28 existing retail parks across Poland, and to participate in additional acquisitions planned between 2026 and 2030. Newgate Investment will continue to serve as the local operating partner.
The current portfolio spans over 164,500 m2, featuring anchor tenants like major food and DIY retailers (Lidl, Biedronka, Kaufland, Castorama) and international brands (Rossmann, Action, Sinsay, CCC, Tedi).
The long-term vision is to expand this platform to €1 bn in assets under management by 2030, establishing a premier retail park platform that appeals to both international investors and tenants looking to grow their presence in Poland.
Krzysztof Cipiur, managing director, head of Capital Markets at Knight Frank, said: "The Newgate platform is a rare opportunity to invest in a fast-growing retail park segment alongside an experienced operator. Newgate’s platform brings together the best quality assets in the given micro locations, strong tenant fundamentals, and value growth through asset management initiatives, increasing consumer spending power in Poland and improving investment demand in the sector, making it one of the most compelling retail investment cases in the region. We are delighted to support them in identifying a strategic partner to accelerate this next phase of growth."
Krystian Modrzejewski, CIO, Newgate Investment, added: “Our vision is to create a dominant and sustainable retail park platform with assets strategically located across Poland, delivering strong and consistent returns."
Poland presents a highly appealing environment for retail investment in Europe, largely due to its strong macroeconomic conditions. The country consistently achieves some of the highest GDP growth rates in the EU, with projections of 3.3% in 2025 and 3% in 2026, fuelled by a diverse economy and robust domestic spending. Increasing household incomes and a growing middle class continue to boost retail consumption.
Furthermore, Poland's retail space saturation is lower compared to Western European markets, indicating significant potential for further development. As the largest real estate investment market in Central and Eastern Europe, it also benefits from strong confidence among institutional investors, underpinned by a stable monetary and fiscal framework.