Newgate Investment acquires retail park in Piła, expanding Polish portfolio

Newgate Investment has acquired a retail park located at 135 Bydgoska Street in Piła, adding to its growing portfolio in Poland. The property, with a leasable area of 15,943 square meters, is situated in a well-established commercial area formerly occupied by a Tesco hypermarket. The site currently houses several national and international retailers, including Castorama—the only location of the brand within an 80-kilometer radius—alongside Biedronka, Pepco, RTV EURO AGD, Rossmann, Sinsay, and DOZ pharmacy.

This transaction marks Newgate Investment’s second retail property in Piła and its thirty-fourth in Poland, bringing its total gross leasable area (GLA) in the country to approximately 181,000 square meters. The company continues to pursue acquisitions and is engaged in ongoing negotiations for further property investments.

The Piła retail park joins a portfolio that recently expanded with the addition of Ozimska Park in Opole, Comfy Park Bielik in Bielsko-Biała, and Smart Park in Zgorzelec. These acquisitions align with Newgate Investment’s strategy of focusing on properties that are either dominant in their local markets or located in key commercial zones.

According to Robert Dudziński, Director of Asset Management at Newgate Investment, the company plans to invest around EUR 100 million in 2025 toward the acquisition of additional properties in Poland.

Currently, the company reports a portfolio occupancy rate of over 99.7%, which it attributes to a combination of location-focused investments and continued demand from retail tenants. This figure compares favorably with the national market average of approximately 94%.

Recent market data also indicates a shift in retail development patterns in Poland. In 2023, the volume of retail parks delivered to the market surpassed that of shopping centers by more than twofold. Retail parks and convenience centers now make up 28% of Poland’s modern retail space, which totals 15.5 million square meters.

Newgate Investment sees continued potential in this segment and plans to maintain its investment activity in the Polish retail market in the years ahead.