Scallier off to strong start in 2021. Dynamic growth in Poland and Romania
The first quarter of 2021 brought Scallier further success in the area of management and commercialization of retail parks. The company has signed new lease agreements in Poland while expanding its development activities in the Romanian market.
New contracts and investments in Poland
During the first three months of the year, Scallier:
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has signed two new lease agreements at Park Handlowy Kęty,
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has leased space in retail facilities in Bydgoszcz and Leczna,
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completed the purchase of real estate for a future retail park in Pleszew – on behalf of the investor.
– More than 95% of the space in the retail parks we manage in Poland is leased. We currently have more than 50 properties in our portfolio,” says Bartosz Nowak, Managing Partner at Scallier.
Expansion in Romania: two projects under construction
Scallier is in the process of building its first two retail parks in Romania, with a total of 11,200 m² GLA. Already at this stage, most of the space has been leased. This is a result of strong tenant demand and the limited availability of modern retail space in Romania’s smaller cities.
– We made the decision to enter the Romanian market in response to real demand. Our investments are a response to the needs of local communities and the expectations of retail chains,” emphasizes Bartosz Nowak.
Retail parks as a safe form of investment
Retail parks have proven to be resilient investment assets, including in pandemic conditions. Their greatest assets are:
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Proximity to local customers,
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flexible format,
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A thoughtful tenant-mix that responds to the daily needs of residents,
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Can be used as pick-up points for online orders.
– Retail parks allow tenants to effectively achieve their business goals and investors to make stable profits, Nowak notes.
Democratic character and functional architecture
An important distinguishing feature of retail parks remains their open design. Access to each unit from the outside minimizes the number of contacts with other people and reduces shopping time – which is especially important during pandemic times.
– It is the openness and functionality of retail parks that make them so popular in both Poland and Romania, says Bartosz Nowak.
Tenant portfolio is growing
In the last quarter, Scallier signed new contracts in Poland with, among others:
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Sinsay,
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ACTION,
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TEDi,
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and a fitness chain operator that is preparing its premises for opening.
In Romania, retail park tenants have included:
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KiK,
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Jysk,
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Sinsay,
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Flanco – one of Romania’s largest electronics retailers.
Scallier is not slowing down, expanding simultaneously in two dynamic markets. From the perspective of investors, retail parks are becoming one of the most stable and forward-looking segments of the commercial real estate market.
