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C&W – a co-agent in the commercialization of Gemini Holdings’ shopping centres

Gemini Park Bielsko-Biała

Cushman & Wakefield, a leading global real estate services firm, is a co-agent in the commercialization of Gemini Park shopping centres owned by Gemini Holdings. With further market expansion Gemini Holdings intends to increase its volume of leasable space. The extension of Gemini Park Bielsko-Biała is to start in mid-2012.

The Gemini Park Bielsko-Biała shopping and entertainment centre at 20 Leszczyńska Street was opened in May 2009. It offers 32,000 sq.m of floorspace in 90 stores, restaurant and service units. Its anchor tenants include: the Real hypermarket, Cinema City, H&M, C&A, Reserved, House, Mohito, S.Oliver, Solar, New Yorker, Martes Sport and Ryłko. In Q3 2013 another 16,000 sq.m is to be added to its retail space at the site in Bora-Komorowskiego Street. With the development pipeline completed, Gemini Park Bielsko-Biała will provide 43,500 sq.m of leasable space, 140 stores and service units, and 1,200 parking spaces.

Gemini Park Tarnów at 127 Nowodąbrowska Street is the largest shopping centre in the Tarnów region. It came onto the market in August 2010 and provides over 42,500 sq.m of floorspace with nearly 100 stores, restaurant and service units. Its anchor tenants include Tesco, Castorama, Media Markt, C&A, Jysk, Mango, KappAhl, KFC, Calzedonia, Intimissimi, Martes Sport and Smyk, as well as local and regional manufacturers and service companies.

The two shopping centres have been developed by Gemini Holdings with its headquarters in Kraków. Gemini Holdings began to operate on the Polish market in 1993 by cooperating with British Petroleum. Later it became involved in completing projects for chains such as Géant, Carrefour, Tesco and Lidl throughout Poland, including Dąbrowa Górnicza, Bielsko-Biała, Tychy and Rzeszów. However, the decision to have modern shopping centres developed by Gemini Holdings’ subsidiaries came as a major turning point in the company’s history.

Magdalena Gniazdowska, Associate, Retail Department, Cushman & Wakefield, said: “Cushman & Wakefield leases premises in both shopping centres in cooperation with GREM Gemini Real Estate Management and BOIG Property Consulting. It will also participate in the commercialization of the new part of the shopping centre in Bielsko-Biała currently under construction. We aim to solicit new tenants offering household appliances and electronics, multimedia and designer clothing.”

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