HalfPrice announces foreign expansion

18
Jun
2021
News - HalfPrice announces foreign expansion #CCC #CEE #HalfPrice #Poland #retail

by Property Forum | Retail

In the first month of operation of the HalfPrice chain in Poland, it was visited by over 500 thousand. customers. Currently, 13 stores operate under this brand, including the newest flagship store in the Warsaw department store. CCC Group decided to accelerate the opening of points under the HalfPrice banner outside Poland. The car showroom in Hungary will make its debut in August. Soon, customers in Austria and the Czech Republic will also be able to shop in the new network. A total of 65 stores will be opened in Poland and Europe by the end of the year.


"The decision to open HaflPrice after another protracted lockdown was a jump into the deep water, for which we were well prepared. The first weeks of operation of the new chain show that the concept of off-price stores turned out to be a great success and met with great interest of customers. Since May 4, we have been visited by over half a million customers. During that time, we opened 13 stores all over Poland. There will be 60 of them by the end of the year, and in the fall we are starting online sales, which shows how dynamically we are developing the new brand, and at the same time how large this logistics project is", says Adam Holewa, President of the HalfPrice Management Board.

So far, customers can shop in two stores under the HalfPrice brand in Warsaw, including the newly opened flagship department store Wars at Marszałkowska Street. In addition, there are showrooms in Wrocław in Lower Silesia, Galaxy in Szczecin, Galeria Korona in Kielce, Solaris in Opole, Galeria Platan in Zabrze, Galeria Warmińska in Olsztyn, Galeria Sarni Stok in Bielsko-Biała, Galeria Łódzka, Gemini Park in Tychy, Park Handlowy in Polkowice and Pogoria in Dąbrowa Górnicza. All stores operate under the sanitary regime.

"The success on the Polish market meant that we decided to follow the blow and accelerate the opening of stores under the HalfPrice brand in several countries of the region. We are convinced that also in Europe, the chain will meet with the same warm reception as in Poland. The CEE markets, due to the current activity of the CCC Group, are well known to us. We understand and are able to meet the needs of local consumers. So we are confident about the result of activities and the success of HalfPrice in other countries", says Grzegorz Urban, Director of International Expansion of the CCC Group.

In August, the Hungarians will be the first to make purchases. In the same month, HalfPrice will debut in Austria and in September in the Czech Republic. It will also appear in Slovakia by the end of the year. In total, 5 stores will be opened outside Poland this year.

HalfPrice stores are a concept in the off-price category, where customers can find a wide range of products from famous brands at very attractive prices. The chain offers clothing, footwear, accessories, cosmetics, toys as well as home furnishings and accessories. Soon, delicatessen food and products for animals will also be available there. The offer is completed several times a week.




New leases

  • 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.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

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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