Newbridge have acquired Retalia Park in Grodzisk Mazowiecki, Poland. The project is Newbridge’s third acquisition in Poland is part of their continued strategy to aggregate a portfolio of, locally dominant, neighbourhood shopping centres.
The property was developed in 2016 and consists of 2,700 m2 of retail area with 72 parking lots. The building is single level and is 100% leased to the tenants Piotr & Pawel, Rossmann, CCC, and Pepco. DLA Piper provided legal advice and Arcadis performed a technical due diligence.
Newbridge is a Warsaw based investment & development firm and is a wholly owned subsidiary of the Somerston Group, a privately owned investment house established in the 1850s by the Group’s founding family.