ARTICLES LABELLED WITH TAG retail

Real estate developer Prime Kapital has opened Argeș Mall, a new shopping centre spanning 77,000 sqm in Pitești.

Over 16,400 sqm GLA currently supplies the Białystok market with the Wysocki Retail Park, which was created on the basis of the former Outlet Białystok project. The owner, Newgate Investment, planned and implemented the processes of reconstruction and recommercialization of the former outlet with an original GLA of 13,336 sqm. As a result of the changes introduced, the area of the facility increased by over 3,000 sqm and the NOI level increased by approximately 70%. Redevelopment projects initiated by Newgate Investment began in 2021. The final stage is currently underway. Newgate Investment manages a real estate portfolio consisting of 30 commercial facilities with a total lettable area exceeding 126,000 sqm. The rental level of the property is close to 100%.

Real Estate fund AUP Bratislava, whose only asset is the well-known shopping centre Aupark Bratislava, has reported a return of 23.67% in the euro class since its establishment in 2021.

EPP is taking over the management of nine M1 shopping centres and three Power Parks from Metro Properties Polska. Some of Metro Properties Polska's employees, including local property management teams will join EPP. The company plans to develop the properties through leasing activities and space rearrangements and upgrades.

Prague is the only city in the CEE region to boast a prime high street, a shopping street with only the most prestigious global brands, according to Colliers. This location is Pařížská (Paris) Street, where currently 46 out of 48 available retail units are occupied.

Already 64% of Warsaw’s office buildings offer at least one retail or service unit, reveals Cushman & Wakefield. With new retail supply remaining low across Warsaw, retailers and service providers are increasingly looking for alternative locations. In addition, recent years have seen a significant shift in user preferences regarding the use of office space and types of services available in office buildings.

Mitiska REIM has announced the opening of a new food-anchored retail park in the Polish city of Świebodzin. Developed in partnership with Karuzela Holding, this is the tenth project undertaken by Mitiska REIM and Karuzela over the past five years, with five more developments planned to open over the next two years.

Real estate investments in Romania reached €205.75 million during Q1 2024, up 33% year-on-year, driven by the retail sector, shows a Fortim Trusted Advisors report.

A new shopping centre called OCKE is to be developed in Košice, reports DennikE.sk. Provided that the permitting process and following construction are successful, it is going to be the second-largest shopping centre in the Eastern Slovakia metropolis.

Redkom Development finalised the sale of Park Glinianka in Łubna in the southern suburbs of Warsaw. The facility was purchased by CEE-BIG B.V. The price has not been disclosed.