Fashion House Group plans further expansion in Romania

02
Sep
2020
News - Fashion House Group plans further expansion in Romania #Bucharest #career #Fashion House #outler #retail #Romania

by Property Forum | Retail

Fashion House Group has appointed retail veteran Cornelia Nicolae to the position of Retail Operations Director in Bucharest. In the newly created role, Cornelia will be responsible for launching the Group’s new flagship development, its second in Bucharest, while continuing to drive footfall and sales at its established outlet centre in the capital.


With 24 years of fashion retail experience, Cornelia joins Fashion House Group from Italian fashion brand Stefanel. As Retail Sales Manager for Eastern Europe, she managed the retailer’s operations in Romania, Turkey, Germany, Austria and Poland, overseeing significant revenue growth across 59 direct stores, seven outlets and 350 people.

Her appointment further underlines the importance of Romania to the Group’s ambitions, following its investment in Bucharest with the opening of a second outlet. The 13,000 sqm development, near Cernica (exit from A2 motorway), began construction earlier this year and is scheduled to open by Spring 2021. The centre will accommodate 59 stores is already over 50% let.

With the opening of Fashion House outlet centre Bucharest, Militari in December 2008, the Group not only launched its first outlet venture in Romania, but also a new concept of locating outlet centres within larger retail parks in Central and Eastern Europe. The 15,500 sqm outlet centre boasts 50 store units, with famous brand tenants, with a third phase opening in November 2020 and a final phase due to be unveiled in 2021.




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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