Rank Progress

Award:

Retail Developer of the Year, CEE

Name of company:

Rank Progress

Name of President or Managing Director for the region:

Jan Mroczka


Countries in which company operates:

Poland


Brief description of company :



Rank Progress is a Polish investment and development company. So far it has carried out 25 investment projects in medium-sized cities. It is listed on the Warsaw Stock Exchange.

Why the company should be considered for the award.: In March, 2012, Rank Progress opened the Galeria Świdnicka shopping centre (15,600 sqm of leasable space, about 50 tenants), which was visited by 2 mln people in the six months since its opening. In September, the company started the building of the Brama Pomorza regional shopping centre in Chojnice (24,200 sqm of leasable space, 49 tenants). This year, the company is also going to start another projects – retail parks in Grudziądz (5,250 sqm, five tenants) and Krosno (4,800 sqm, six tenants) as well as a shopping centre in Piła (28,750 sqm, 65 tenants). Investments in Chojnice, Grudziądz and Krosno are commercialised at over 90 pct. At the same time, Rank Progress plans to diversify the business by analysing investment opportunities in cities with less than 50,000 inhabitants. The company has selected 81 locations in Poland for mini-shopping centres (about 6,000 sqm) combining the functions of a retail park and a shopping centre. The company will be able to open about five such facilities per year.

Company website: www.rankprogress.pl


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