The retail park project with a leasable area of about 9,000 sqm changed hands last week. The Gostynski facility added to the portfolio of the Napollo company, which is successively increasing the scale of its operations by developing retail concepts under the N-PARK brand throughout the country. Retail parks operating under the N-PARK banner are convenient shopping destinations for local communities. They are located both in housing estates in larger urban centers and in smaller towns providing residents with the necessary modern retail and service offer. Genesis Property is responsible for the comprehensive preparation of the investment in Gostyn. The new investor can in principle start construction work. Genesis Property is a real estate development and investment company providing Polish cities with flexible retail properties in the form of retail parks and free-standing commercial pavilions, as well as intimate residential developments. In addition to the project in Gostyn, the company is currently developing four retail parks with a total leasable area of more than 25,000 sqm, located in Ropczyce, Brzeziny, Rogozno and Żagań.

The retail park in Gostyn will open in the first quarter of 2024. A parking lot for about 300 cars is also being built next to the shopping complex. The property is located at the intersection of Zachodnia and Leszczyńska Streets in Gostyn just off the national road number 12, which guarantees an excellent connection to the existing transportation infrastructure and easy access to the property for both the city’s residents (Gostyn has a population of about 20,000) and residents of neighboring towns. Among the tenants who will open their stores in the new commercial facility will be: Biedronka, Rossmann, Pepco, Dealz, Kaes or Smyk.

“Gostyn is a city that lacks modern retail spaces and, consequently, the well-liked offerings of chain brands. In order to shop at such stores, residents had to travel to larger urban centers, and this took up their time and entailed additional costs. Thanks to the new facility and its extensive offer, residents of the city and its environs will be able to do their most necessary shopping in their immediate vicinity ” – says Juliusz Wawrzyniak, CEO of Genesis Property. “Retail parks are unique assets that for many locations are not only shopping and service centers, but also places for local communities to meet and integrate. We see that the potential of smaller retail properties and smaller urban centers is being more widely recognized by many tenants including those who until now were present only in large shopping malls located in central points of larger cities. These tenants are launching retail concepts tailored to the requirements of local communities. Retail parks are also an important link in the supply chain for those chains with online operations in addition to ground-based retail. Stores located in the facilities we are developing act as so-called pick-up points for people who have ordered goods via the web ” – emphasizes Julius Wawrzyniak.

“The retail parks developed by Napollo under the N-PARK brand are by design created to meet the initial needs of local communities in terms of products and services, but also to provide additional functions including recreation or catering. Each time we carefully analyze local conditions, so that the final shape of the property and its offer is as much as possible in line with local conditions including the expectations of local residents ” says Krzysztof Elsner, Board Member, Napollo Group. “Partnering with a company that specializes in locating and developing retail parks, such as Genesis Property, ensures that we attract to our portfolio facilities that meet our expectations of building value for all parties involved in such projects: residents, tenants and investors. Napollo’s portfolio currently includes 17 retail developments, galleries and retail parks, which provide the markets with approximately 105,000 sqm of leasable space – Underlines Krzysztof Elsner, Board Member, Napollo Group.