LCP Properties signs nearly 27,000 sq.m. of leases for its portfolio in Poland in the first half of 2023

LCP Properties signs nearly 27,000 sq.m. of leases for its portfolio in Poland in the first half of 2023

LCP Properties, one of the leading investors and developers in the Polish Retail Park market, signed a total of 63 leases for nearly 27,000 sq. m in the first half of this year. 20% of the signed space is for new leases, while the rest are extensions of the existing leases.

LCP owns more than 95 properties located in almost every region of the country. Recently, the company has been particularly focused on unifying its portfolio under the M Park brand. The largest new contracts signed in the first half of the year include: Sinsay (750 sq m) and Dealz (451 sq m) in M Park Ostrów Mazowiecka, and Pepco (411 sq m) in M Park Rumia.

Moreover, looking at the current number of LCP's tenants, who, while extending their contracts, simultaneously expanded their occupied spaces, include the McFit gym and fitness club. In mid-October, this well-liked and popular brand will open in its newly expanded space of more than 2,300 sq m at M Park Bialystok.

"Thanks to efficiently conducted negotiations and a partnership approach, we signed as many as 63 contracts in the first half of the year, and 24 of them for more than 5,000 sq m are new ones. The result of new contracts should also be viewed through the prism of the low availability of space that was available for lease in our portfolio, as we started 2023 with a commercialization level of 98%. The result achieved is all the more commendable.” commented Katarzyna Szeleźnik, Leasing & Acquisitions Director, LCP Properties in Poland. " Through continuous unification of our portfolio, the M Park brand is becoming more and more recognisable and associated with the right quality, which is one of the variables that allows us to finalize so many contracts,” she added.