9/5/2022
M Core opens a new M Park in Rawa Mazowiecka, Poland
Another project like M Park, which we are opening in Rawa Mazowiecka, perfectly illustrates the market demand in Poland for modern retail space in medium-sized cities. Well-known chain brands with their own requirements for space quality are still eager to open stores in such facilities, often operating together with local businesses. Such projects allow them to fine-tune their offerings to optimally meet the expectations of the local residents. Not without significance is the tenants' support for e-commerce activities, which allows online customers to finalize transactions in the shopping complex.
Justyna Malysko, Senior Leasing Manager, LCP Properties
M Core has received an operating permit for another retail park in Rawa Mazowiecka.
M Core received an occupancy permit for the new retail park - M Park in Rawa Mazowiecka, on August 18. This is the second of this type of project in the city in owned by the LCP Group.
The first M Park project, located at 3a Konstytucji 3 Maja Avenue in Rawa was opened in 2020. At the time, it offered 2,500 sq.m. of GLA to its customers. The main tenants of the facility from the beginning are chain brands such as CCC, KiK, Martes Sport and Dealz. The retail park provides parking for 45 cars for the clients.
To meet the demand of local residents, LCP has decided to develop another M Park II project in Rawa Mazowiecka. The project is located 5 minutes away from the first development, which was opened 2 years earlier.
With the addition of more well-known brands, M Park will provide shoppers with the opportunity to shop at new stores that will complement the existing offer with services from the home appliances, sports, non-food discount and DIY sectors.
The new retail park will provide nearly 4,000 sq m of the retail space, where 5 new tenants will offer their products. Among the main brands there are: Media Expert, Tedi, Pepco, KS Sport and grocery store operator Lidl. M Park will provide more than 100 parking spaces for it's customers, with direct access to the Lidl store and the other tenants areas.
This is another project in the portfolio of LCP, which continues its established strategy, opening good retail projects that take into account the needs of local residents.
The project was purchased by LCP Group from Green Hills Investment just after it obtained a building permit for the project.
The autumn period for the Company will be very active, as it plans to open several more retail parks ( M PARK ) by the end of the year.
In parallel, LCP Properties is building SBU-type warehouse projects, which are an excellent offer for companies in need of both a small office and dedicated warehouse space. Such projects are also perfect for e-commerce and exhibition businesses.
“ The coming months are a very important and active time for LCP. We are planning to open more retail parks, built by Fima. The new facility in Rawa Mazowiecka is LCP's first investment under the new M Park brand.
- Brian Kober, Project Manager, LCP Properties
Another project like M Park, which we are opening in Rawa Mazowiecka, perfectly illustrates the market demand in Poland for modern retail space in medium-sized cities. Well-known chain brands with their own requirements for space quality are still eager to open stores in such facilities, often operating together with local businesses. Such projects allow them to fine-tune their offerings to optimally meet the expectations of the local residents. Not without significance is the tenants' support for e-commerce activities, which allows online customers to finalize transactions in the shopping complex.
Justyna Malysko, Senior Leasing Manager, LCP Properties
