Mitiska REIM and Karuzela Holding acquire Quick Park Mysłowice

Mitiska REIM and Karuzela Holding have expanded their presence in Poland by acquiring the Quick Park Mysłowice retail park. 

Quick Park Myslowice, Poland - Mitiska REIM

This acquisition, made on behalf of the MEREP 3 fund, is a joint venture with Karuzela Holding, Mitiska REIM's Polish partner.

Quick Park Mysłowice, situated in Mysłowice in southern Poland's Silesia region, is the city's sole modern large-scale retail centre. It boasts a gross leasable area of 12,760 m2, housing 42 retail units and parking for 370 vehicles. The park is anchored by a Biedronka supermarket, with other notable tenants including Reserved, Woolworth, CCC, Martes Sport, Pepco, and Rossmann. An owner-occupied McDonald's restaurant is also on the premises.

The retail park enjoys a prime location, highly visible and just 3km from the city's old town, offering easy access via car, bicycle, and public transport. It serves a catchment area of 430,000 residents within a 15-minute drive.

Mitiska REIM plans to implement a value-add program for the asset, focusing on optimising the tenant mix and diversifying the retail offerings. Additionally, they aim to enhance the retail park's environmental, social, and governance (ESG) performance and energy efficiency through the installation of photovoltaic panels, to achieve a "Very Good" BREEAM certification.

Radosław Miśko, Mitiska REIM’s investment director for Poland, commented: “Quick Park Mysłowice is an established income-producing retail park and the largest and most important shopping location in the city. Through our value-add program, we plan to maximise the performance of the asset and cement its place as the go-to shopping destination in both the city and wider area.”

Sylvie Geuten-Carpentier, managing partner of Mitiska REIM, added: “We are delighted to further extend our portfolio of retail parks and convenience centres in Poland, which now comprises 14 assets with a total gross leasable area of more than 230,000 m2.”

Mitiska REIM was advised by Addleshaw Goddard, Gleeds, Avison Young and Crido, and financially supported by BOŚ Bank.