You are here:

Added value

Karol Bartos, MRICS CCIM, Executive Director, Portfolio & Asset Management, Tristan Capital Partners

Poland is the second shopping centre market in terms of size in CEE (after Russia). In H2 2015 alone, 362.600 sqm of retail space were delivered.  Growing competition, combined with evolving consumer behaviour patters force investors and landlords of retail assets to introduce changes all the time.

The value of retail properties is a result of numerous factors, of which three are crucial: the location, the quality of available space and the interest of consumers. The location is usually a fixed element; however, the two other factors can and should be influenced.

Tristan Capital Partners is a company that specialises in implementing commercial real estate investment strategies. As an opportunistic investor, when choosing its projects, Tristan Capital Partners pays a special attention to assets that can be redeveloped to create added value. It was one of the reasons Tristan Capital Partners acquired five shopping centres and retail parks in large regional cities in Poland in 2013. Park Handlowy Zakopianka in Kraków, Centrum Handlowe Turzyn in Szczecin, Park Handlowy Arena in Gliwice, Centrum Handlowe Dąbrówka in Katowice and Centrum Handlowe Borek in Wrocław are first generation assets – which means they have a perfect location, but need a thorough refurbishment in order to successfully compete in the market and fight for customers.

Karol Bartos, MRICS CCIM, Executive Director, Portfolio & Asset Management, Tristan Capital Partners. Almanac of Shopping Centres Poland & CEE 2016/2017.

Średnia ocena

Related content

Komentarze

Log in to post comment.

In our website we use cookies. Learn more here. ×