Czech retail parks hit 15-year expansion high as locals shop closer

06
May
2026
News - Czech retail parks hit 15-year expansion high as locals shop closer #Cushman&Wakefield #Czech Republic #Jan Čížek #Portin #Retail #Retail Parks #Shopping Centres

by Property Forum | Retail

Retail parks in the Czech Republic are expanding at their fastest pace in 15 years, with 82,400 sqm of new and expanded space delivered in 2025. The segment now accounts for nearly one-third of all modern retail space in the country, according to a Cushman & Wakefield report.


Czech retail is undergoing a transformation as shopping patterns shift closer to residential areas. By the end of 2025, total retail park area reached nearly 1.4 million sqm. Developers plan to deliver 19 retail parks this year with a total area of nearly 90,000 sqm.

"Retail parks have been strengthening their position in the retail market for a long time, and customers have come to like them for quick and practical shopping," said Jan Čížek, Partner and Head of Retail Warehousing at Cushman & Wakefield. "They are also an attractive product for developers and investors because over the past five years they have proven resilient to market volatility."

The largest project completed last year was RP Kozomín retail park with 14,700 sqm and 23 retail units. Other significant projects included RP Neratovice-Byškovice with 8,100 sqm and OC Klokan Uničov with 6,900 sqm. Portin was the most active developer, responsible for most new projects.

Growth is particularly strong outside major cities, with the highest number of projects under construction in the Ústí nad Labem and South Bohemian regions. Development focuses on smaller towns with populations in the low thousands to tens of thousands, where retail parks provide accessible shopping without travelling to distant centres. The typical tenant mix includes grocery chains, drugstores, discount stores, pharmacies and home-improvement retailers.




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New leases

  • Yokogawa Romania has extended its lease agreement for another five years in Building F of YUNITY Park, a business campus owned by Genesis Property. The agreement marks the fourth consecutive renewal for the local subsidiary of the Japanese industrial automation and process control company. Originally signed in 2007, this latest extension brings the total duration of the corporate partnership to more than 20 years.
  • Vastint Romania has secured a new lease agreement with Arcadis Romania for 1,183 sqm of office space in Building A of the Business Garden Bucharest development.
  • Karimpol Polska has signed a major lease agreement with Volkswagen Financial Services at the Skyliner II complex at Rondo Daszyńskiego in Warsaw. The automotive financial services provider will occupy nearly 6,000 sqm of office and retail space in the project's second tower. Following the transaction, the occupancy rate of Skyliner II has reached 50%.

New appointments

  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.
  • Colliers has appointed Kata Mazsaroff, Tamás Beck, and Miklós Ecsődi as Equity Partners in Hungary, effective 30 April 2026. Mazsaroff, who joined in 2007, rises to Managing Partner after overseeing a 200 per cent revenue increase since her 2022 appointment as Managing Director. Beck, with Colliers since 1994, has led the Industrial & Logistics division since 2005, facilitating transactions covering 1.9 million sqm of built space and 9.8 million sqm of land. Ecsődi, Head of Occupier Services and Office Agency since joining in 2011, has secured over 450,000 sqm in leases valued above €600 million.


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