Trei Real Estate GmbH, an international developer and asset holder for residential and retail real estate, has opened the 41st retail park of its Vendo Park brand in Poland.
The property is located in Kostrzyn nad Odrą, a small town with a population of around 17,600 on the German-Polish border, in Lubusz voivodeship.
Trei invested approximately EUR 8.8 million in the property, which has a lettable area of around 6,400 square meters and is occupied by outlets of the retail chains and discounters Aldi, DM, KIK, Action, Martes Sport, and Sinsay.
Trei has opened three new Vendo Parks in 2024 — including ones in Wroclaw and Szczecin — with combined lettable area adding up to around 35,000 square meters. The total investment volume for all three properties approaches EUR 44.2 million.
“Demand for retail parks keeps going up in Poland, explained Trei CEO Pepijn Morshuis. “Shoppers very much appreciate the diverse range of retail amenities that our various tenants offer. In addition to food markets, drug stores and service providers, we are seeing a growing number of clothing stores move in, which is remarkable insofar as they used to prefer traditional shopping centers. In the case of our latest three Vendo Parks, strong tenant-side demand emerged as early as their planning stage, and all of the lease agreements were already signed during that time.”
The first Vendo Park opened in the town of Nysa, a town in the Opole voivodeship, in southern Poland, in October 2013. Since then, the company’s Vendo Park portfolio has grown to a total of 41 retail parks. Trei reports that it intends to keep investing in the further expansion of its Vendo Park portfolio in 2025, and is planning to open as many as six new sites.