Commercial real estate news releases from Avison Young

Quarterly and topical research insights to help your business gain competitive edge in commercial real estate.

Rock Park in Przeworsk

Rock Park in Przeworsk March 19, 2024

RockCapital sold retail park in Przeworsk

The modern retail park in Przeworsk (Rock Park), which had its grand opening at the beginning of February this year, is undergoing a change in ownership after just a month of operation. The seller is RockCapital, and the buyer is ME Invest, a company owned by TERG S.A., the owner of the Media Expert chain. The Avison Young investment team represented the seller in the transaction process.

Opened in February of this year, Rock Park in Przeworsk, located in the Podkarpackie voivodeship, represents another investment by RockCapital. The company, which is of Polish origin, specializes in the commercialization, construction, and sale of modern retail parks.

"The acquisition of Rock Park in Przeworsk marks a significant addition to our portfolio. We are actively investing in various projects across Poland, particularly in the retail segment. Our strategy focuses on acquiring prominent assets in their respective regions and commercialized at the highest standards. This is why we have chosen to purchase the retail park in Przeworsk, which will soon be renamed Aura Park," comments Karol Bielecki, proxy of ME Invest.

Rock Park in Przeworsk, situated at the intersection of Dworcowa and Dynowska streets, stands as the premier modern retail park in the region, catering to 44,000 residents. Anchored by Biedronka as the grocery operator, the facility boasts nearly 6,800 sqm of leasable space. Tenants are popular brands like Sinsay, CCC, Pepco, Dealz, Tedi, KIK, Kaes, Martes Sport, Media Expert, and Orange. Strategically located just a 5-minute walk from the PKP Railway Station, Rock Park offers various amenities, including an electric car charging station, a sizable parking lot with 170 parking spaces, and an adjacent car wash—providing added convenience for customers. With its thoughtfully curated tenant mix and optimal spatial design, Rock Park enables customers to conveniently fulfill all their shopping needs in one location.

"Rock Park in Przeworsk serves as the go-to destination for the shopping needs of local residents across the entire region. It stands as a modern retail and service complex, demonstrating a diverse purchase offer. - says Justyna Kojak, Commercialization Director at Rock Capital - To ensure the long-term success of the facility, it is imperative to carefully select tenants whose offerings complement each other. This is why we always prioritize this aspect in the commercialization process."

"In line with our business model, RockCapital focuses on commercializing, constructing, and subsequently divesting Rock Parks, and the current transaction aligns seamlessly with our long-term operating strategy. We are delighted that our Park in Przeworsk has attracted a new owner in such a short period, which underscores the excellent work we have put into commercializing and preparing the entire facility," adds Michal Osadczuk, CEO at Rock Capital.

“Retail parks sector continue to represent a reliable and secure investment option. – comments Artur Czuba, Associate Director, Investment at Avison Young - In 2023, retail parks and convenience schemes accounted for 56% of the total retail investment volume, attracting to Poland 2 new investors. This year, we expect this interest in retail parks to continue. Already in 2024 we have witnessed several retail parks deals, with dominant role of Avison Young as investment advisor. Currently, the biggest challenge in retail parks segment is to lock an outstanding quality project at a price that satisfies both parties.