From a strategic partnership to one company. Power in cooperation under EDS trademark
While broadening and enhancing their cooperation, the boards of EDS Retail Park and Higasa Properties formed a new limited partnership. This is a step towards a greater independence and self-sufficiency in a commercial real property market and an important signal for investors – we want to show our strength, reliability and give investors a sense of security – say the representatives of the two companies unanimously.
Tri-City companies – EDS Retail Park and Higasa Properties – started their close cooperation at the end of 2018. Joining forces of a developer and a company specialising in raising funds to build retail parks, managing real properties and sales, has resulted in a strategic partnership. The next step is forming a new company, under EDS trademark: – “From the very beginning we have aimed to create a strong organisation reliable for partners, which is active in a demanding commercial real property market. As EDS we were delivering complete products – commercialised retail. Higasa, exclusively, was looking for investors. We quite quickly reached the conclusion that joined forces give us greater opportunities and, above all, increase our reliability in the eyes of investors” – emphasises Michał Nowak, EDS Retail Park chairman of the board.
Joining forces and cooperation under one label is another element of our planned strategy. – “There is an old saying ‘big can do more’ and it always works, also in business. We join forces because we know, that our cooperation has always brought measurable benefits. That has been our goal from the very beginning, since we become partners. Together we went through an important stage for the two companies, increased recognition in the market, we gained partners’ and investors’ trust and now is the time to show that we accomplish our goals. We are on the point of the opening of the first facility – EDS Park Opatów. From the beginning the project has been carried out by two companies – EDS has been dealing with building, managing the project, supporting the commercialisation, while Higsa has been obtaining financing and looking for a target investor. What is more, soon we will sign a preliminary agreement to sell the park to the target investor. Our satisfaction is even greater because of the fact that several companies were trying to face this challenge. Despite difficulties we managed to open the park” – emphasises Michał Ciapka, Higasa Properties chairman of the board.
Apart from the park in Opatów (1250 GLA), later this year we are going to open EDS Park Debrzno (1400 GLA), as well as the first stage of EDS Park Legnica (1100 GLA). Soon we will start building a 3300 GLA facility in Reda, which adds up to over 7000 GLA. We are also preparing new investments. Detailed information is available on www.edspark.pl. Terms and conditions for investors can be checked on www.higasaclub.pl/.Back