Pepco will take up more than 400 sq m in retail park Zgoda in Świętochłowice. Budecon, the retail park investor, was represented in negotiations with the new tenant by Cushman & Wakefield, a global real estate services firm. Zgoda is scheduled to open in late November.
Pepco began operating in Poland in 2000. It has a chain of more than 600 discount stores across Poland and 150 stores in other countries of Central and Eastern Europe (CEE), offering clothing and homeware. Pepkor, an investment holding company and owner of Pepco, is planning to open more stores in Poland and other CEE countries, including Slovakia, Romania, the Czech Republic and Hungary, and to expand into other CEE markets. Pepco’s store in retail park Zgoda will take up around 405 sq m.
Retail park Zgoda is being developed on the border of Świętochłowice and Ruda Śląska. Upon completion it will provide 2,000 sq m of leasable space and in addition to Media Expert’s store with consumer electronics it will also house fashion, footwear, and health and beauty stores. Its car park will offer around 130 parking spaces. Zgoda is scheduled to open in late November 2015.
Zygmunt Pucharski, President of BUDECON S.A. said: “BUDECON has more than 20 years of experience in the construction business, specializing in development of retail, service and manufacturing buildings. In response to market requirements we decided to build our own brand of retail schemes with the B7 logo, the first being the retail parks Cydr in Radzionków and Zgoda in Świętochłowice. We chose their locations carefully to ensure easy access by customers coming both on foot and by car. These locations are also appealing to tenants. Our objective was to build retail parks with a recognizable logo and attracting local entrepreneurs and well-known brands.”
Tomasz Lipiński, negotiator in the Retail Department of Cushman & Wakefield said: “Retail park Zgoda in Świętochłowice is a very attractive location for new tenants. We are pleased that Pepco is one of them. Its store will be a major addition to Zgoda’s retail offer. We have recently also signed a lease with a fashion boutique and will close more deals soon.”
BUDECON S.A., a construction and engineering company, is the investor of retail park Zgoda. Cushman & Wakefield, a global real estate services firm, is responsible for the commercialization of the retail park.