New retail parks opening in Serbia announced for 2025

20
Oct
2023
News - New retail parks opening in Serbia announced for 2025 #report #retail #retail park #SEE #Serbia

by Property Forum | Retail

Investors' interest in the construction of retail parks in Serbia has not been declining for several years now. Investors are mostly focused on building new facilities in secondary and tertiary locations. As much as 14% of the total offer of retail parks in Serbia is located in the region of central Serbia. The Šumadija region is attracting more and more attention, so the company Peštan announced the opening of a new retail park in 2025 - Arandjelovac Retail Park. 


The new centre of Arandjelovac 

Considering the planned activities and offers, Arandjelovac Retail Park will not only become a favourite shopping destination for residents of the Serbian city of Arandjelovac and the surrounding locations but also a new city centre that will provide entertainment for all age groups. Most importantly, the opening of the new retail park will provide 200 new job openings. 

Positioned on the main approach to Arandjelovac City from the east and only 2 km from the city centre, Arandjelovac Retail Park will cover 10,000 sqm and include over 15 retail units. Sufficient parking spaces are provided for all visitors, and the mix of tenants will include family entertainment, a supermarket, restaurants and cafes, international and domestic tenants offering fashion, sports equipment, home and household equipment, and the arrival of new brands is also announced. As the exclusive lease representative for Arandjelovac Retail Park, the CBRE office for Southeast Europe has been appointed. 

Retail park in accordance with ESG standards 

In its operations, Peštan strives to maintain a balance between economic success, awareness of the impact on ecology and the environment and social responsibility. Since 2018, they have been paying special attention to the topics of energy efficiency, green business, and responsible attitude towards natural resources, and are taking significant measures in these areas.

In the same way, they are committed to the construction of Arandjelovac Retail Park, which will be built in accordance with ESG standards, which will have an impact not only on the environment but also ensure more sustainable business and cost reduction for the tenants themselves.




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New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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