Newgate Investment completes first forward funding transaction in Poland

Newgate Investment (NGI) and Redkom Development are working together to deliver a new retail park in Bydgoszcz, Poland. The project, which will be the first large-scale retail park in the region, will include a mix of shops, service points, restaurants, and recreational facilities. It represents NGI’s first forward funding transaction in the Polish market.

The retail park will have a leasable area of approximately 16,000 square meters. It is being developed and commercialized by Redkom Development, with NGI providing the project financing. The site is located at Aleja Jana Pawła II 115, on the grounds of the former Glinki shopping center, in the southern part of Bydgoszcz. The location is near several residential neighborhoods and has access to a population of over 350,000 people within a 20-minute drive.

Carrefour will be the main grocery tenant, occupying 4,000 square meters of the facility. Around 20 additional units will also be established, offering services and retail options targeted to the local population. Construction has started, with Daldehog serving as the general contractor. Completion is expected in the first half of 2026.

This transaction follows two previous acquisitions by Newgate Investment from Redkom Development: Comfy Park Bielik in Bielsko-Biała and Ozimska Park Opole, each approximately 17,000 square meters. NGI is also in advanced stages of acquiring two further retail parks in the Silesia region. The company’s portfolio currently includes 35 retail properties with a total leasable area of more than 200,000 square meters.