Colliers International is in the process of commercializing the Kwadrat Retail Park project in Białystok, Podlaskie voivodship. Located on ul. Andersa, approximately two kilometers from Białystok’s downtown, the scheme will be the first retail park in the city.

The planned development will be built by domestic-appliances provider Biazet, whose production plant currently sits on the land earmarked for the investment.

“Biazet is planning to build a factory in another location due to the insufficient development potential of the present production plant,” Mirosław Newel, president of Biazet’s management board, said in a statement.

Kwadrat Retail Park will offer 55,000 sqm of leasable space located on the project’s single floor. The investment is scheduled to open for business in March 2014.

“The aim is to create the first retail park with a significant leasable area in the city with international, domestic and local brands,” stated Marcin Gudz, senior associate at Colliers International Poland.

He added that Colliers is now in the middle of negotiations with an international grocery store chain, as well as with a DIY store. “A planning decision has already been granted to the investor,” Mr Gudz said.