Fashion House opens third phase of Bucharest outlet centre

16
Nov
2020
News - Fashion House opens third phase of Bucharest outlet centre #Bucharest #development #Fashion House #outlet #retail #retail park #Romania

by Property Forum | Retail

Fashion outlet developer, Fashion House Group has announced the opening of the third phase of Fashion House Outlet Centre Militari in Bucharest.


Costing €350,000, the new 2,600 sqm gallery accommodates famous brands stores including Guess and Diesel, who have all chosen this third phase to enlarge their retail premises in Fashion House, as well as brand stores such as Decimas, Union Brands and Smyk, with Liu Jo and Numero Uno all to follow in the coming months.

“Romanians have become more sensitive to the quality/price ratio, during this pandemic. This trend has translated into continued success for Fashion House Outlet Centre Militari which has consolidated its position as a smart shopping destination,” said Cornelia Nicolae, retail operations director of the Fashion House Group.

With the opening of Fashion House Militari in December 2008, Fashion House 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.

Following the completion of this third phase, the total retail floor space available in ​​Fashion House Outlet Centre Militari now exceeds 14,000 square meters, boasting nearly 60 store units. The final phase of the project will be unveiled in 2021.

Some of the brands on offer in Fashion House Outlet Centre Militari include adidas, Puma, Sizeer, Otter, US Polo, Under Armour, Office Shoes, English Home, Levi`s, Lee Cooper-TimeOut-KVL, Factory Outlet, Colin`s, Marc O`Polo, Guess, Desigual, Koton or Tom Tailor.

Fashion House Group has underlined its commitment to investing in Romania with the development of a second outlet in Bucharest. The 13,000 sqm development, Fashion House Pallady (exit A2 from the motorway), began construction earlier this year and is scheduled to open in Spring 2021. This centre will accommodate 59 stores is already over 50 per cent let.




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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