EPG completes shopping centre modernisation

23
Oct
2025
News - EPG completes shopping centre modernisation #Czech Republic #EPG Group #Karlovy Vary #retail

by Property Forum | Retail

After almost two years of construction, EPG Group has completed the modernisation and expansion of the Varyáda shopping centre in the Karlovy Vary region. The reconstruction has been managed with the shopping centre in full operation.


The project, in which the investor invested more than €40 million, resulted in a 33% increase in leasable area to 27,000 sqm, interior modernisation, a new gastro zone, and a Premiere Cinemas multiplex.

The reconstruction began in January 2024 and was divided into several phases, enabling the shopping centre's operation to continue without significant restrictions. The first phase focused on the northern part of the building, where an extension for the new Albert hypermarket, measuring 3,800 sqm, was constructed.

The construction of the Premiere Cinemas multiplex commenced in June 2024 and lasted 13 months. The 2,500 sqm multiplex with six halls and a capacity of up to 1,000 seats was opened to the public in July 2025.

“Lifestyle is changing, people shop differently than ten years ago, and shopping centres must adapt to this. The modernisation of Varyáda was a natural response to growing competition and high demand for quality services and modern facilities in the region,” emphasised Barbora Tesnerová, CEO and Managing Director at EPG Group. The goal was to create a project that can respond to current trends and changes in consumer behaviour.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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