Rondo Shopping Centre, Bydgoszcz
Rondo Shopping Centre is a 31,000 sq m shopping centre, comprising a hypermarket and 47-unit retail gallery, constructed over two levels, located in the city centre of Poland’s eighth largest city. Its tenants include Real, GO Sport, Euro RTV, Reserved, Rossmann, Cubus, Sephora and McDonalds.
The asset forms part of the Cromwell Polish Retail Fund which invests in shopping centres and hypermarket retail assets in Poland.
In order to meet the requirements of today’s evolving retail environment and consumer needs in Poland, the Polish asset management team undertook a €3.8 million project to transform Rondo from a first generation shopping centre into a contemporary retail destination.
This included a €1.2 million, 2,000 sq m extension on the parking lot to create space for additional retail units and a refurbishment of the interior and façade to improve its appearance and reposition the asset. The tenancy mix was also improved, by merging units and bringing in new anchor tenants, and the food court reconfigured to create a hub for social and business meetings.
The result of the refurbishment and extension of Rondo, is the creation of a best-in-class shopping centre for the city of Bydgoszcz, which maximises the potential of the asset’s established retail location, with an increased fashion, restaurant and entertainment offering.