3/21/2024
M Core continues growth in Poland with the opening of 48th M Park in Reda
Today, we are introducing to the residents of Reda and its surroundings a new, fully commercialized retail park. With its carefully selected tenant mix, M Park Reda has the potential to become a significant and preferred shopping destination locally."
M Park Reda represents another milestone in our journey towards leadership in the Polish retail park market. Our ongoing experiences enable us to continuously enhance our format to meet the evolving expectations of both tenants and customers.
Magdalena Kowalewska-Kasperowicz, Chief Operating Officer, LCP Properties, part of M Core, remarked during the opening ceremony
M Park Reda, the 48th retail park developed by LCP Properties part of M Core in Poland, has officially opened.
LCP Properties, a prominent investor and developer in the Polish retail park sector, has introduced its newest retail park under the M Park brand in Reda, marking the fifth one in the Pomeranian Voivodeship. M Park Reda spans 4,433 sqm of Gross Leasable Area (GLA) and accommodates 13 tenants. Construction commenced in mid-May 2023, with STB Budownictwo as the project's general contractor.
The Reda project aligns with M Core’s long-term strategy of delivering high-quality retail parks under the M Park brand. Comprising two buildings, A and B, M Park Reda is situated on Handlowa Street, adjacent to an existing Lidl store, and provides a spacious parking lot for 95 cars.
This latest investment by LCP Properties part of M Core not only expands its portfolio to include the 48th M Park in Poland but also strengthens its presence in the Pomeranian Voivodeship, joining existing M Parks in Rumia, Starszyn, Gdynia, and Puck. The catchment area of M Park Reda, estimated to encompass over 160,000 customers within a 20-minute travel time, reflects its strategic location. Tenants at M Park Reda include well-known brands such as TEDi, Action, Sinsay, Rossmann, CCC, Maxi Zoo, Hebe, Żabka, Verona, and the local bakery Hintzke.
M Park Reda integrates seamlessly with the surrounding architectural landscape, emphasizing ecological considerations such as the installation of four electric vehicle charging stations and a roof design that allows for future installation of photovoltaic panels.
Following the opening in Reda, M Park Olsztyn and M Park Pionki are scheduled to open in the fourth quarter, continuing LCP Properties' expansion in Poland's retail park sector.
Today, we are introducing to the residents of Reda and its surroundings a new, fully commercialized retail park. With its carefully selected tenant mix, M Park Reda has the potential to become a significant and preferred shopping destination locally."
M Park Reda represents another milestone in our journey towards leadership in the Polish retail park market. Our ongoing experiences enable us to continuously enhance our format to meet the evolving expectations of both tenants and customers.
Magdalena Kowalewska-Kasperowicz, Chief Operating Officer, LCP Properties, part of M Core, remarked during the opening ceremony
