LCP Group, the owner of Galeria Emka in Koszalin, is about to start the next stage of the EMKA II, the extension of the existing shopping centre.

Regardless of the problems that the measures related to the coronavirus crisis have brought to the retail segment – with shops in Czechia closed for 234 days, the longest period in all of Europe – new brands keep coming to the local market. Nine of them have arrived or will arrive during the first half of the year, the most prominent one of them being Ireland’s Primark fashion chain whose shop opening was expected with a great deal of anticipation.

Retail chain Spar built new supermarkets in a Budapest residential park and in a frequented district of Sopron, and modernised its stores in Mosonmagyaróvár and Szentlőrinc.

Real estate valuers must work to the highest standards as they play a critical role in supporting markets by creating consistency and transparency. David Dušek (Czech Banking Association), Barbora Rýdlová (VŠE – Prague University of Economics and Business) and Petr Polák (Ministry of Finance of the Czech Republic) talked to Property Forum about the current state of the valuation profession and the challenges expert valuers face on the Czech market.

VGP and Allianz Real Estate, acting on behalf of several Allianz Group companies, announced a successful eighth closing with its 50:50 joint venture, VGP European Logistics. The transaction comprised of four logistic buildings, including two buildings in a new VGP park and another two newly completed logistic buildings which were developed in parks previously transferred to the Joint Venture. The four buildings are located in Germany (three) and in the Czech Republic (one).

Primark has opened its first Czech Republic store in the Flow Building, Flow East’s development on Wenceslas Square in Prague, marking the 14th market for the retailer.

Arcadis published its Global Construction Disputes Report 2021 comparing the length, value, and ways of solving construction disputes in particular regions of Europe, Asia and North America.

Real estate group Skanska says it fully completed the sale of office buildings Campus 6.2 and 6.3 within Campus 6, the complex developed in western Bucharest, in its biggest local deal valued at €97 million.

Globe Trade Centre has successfully issued a debut unsecured green bond for €500 million. The bonds, bearing a coupon of 2.25% p.a., received a strong reception from the broad European fixed-income investor universe and were several times oversubscribed with a peak order book in excess of €1.4 billion.

Romania is posting one of the biggest recoveries of non-food consumption in the European Union (EU) and retailers with online stores are set to benefit most from this growth, according to an analysis by real estate consultancy Colliers.