Primark signs lease agreement with Eurovea in Bratislava

06
Dec
2019
News - Primark signs lease agreement with Eurovea in Bratislava #Bratislava #Cushman&Wakefield #Primark #retail #shopping #Slovakia

by Property Forum | Retail

Irish clothing chain Primark‘s long-anticipated market entry into Slovakia has been confirmed as the company has signed a lease agreement with Eurovea. At the same time, the shopping centre has announced that it reached 70% occupancy in the forthcoming extension. Cushman & Wakefield facilitated the transaction.


Following the completion of the enlargement in 2022, Eurovea will cover 84,000 sqm – of which Primark’s first Slovak store will occupy 3,660 sqm of net retail space over two floors. “Primark’s decision represents a significant success story for us – and a key milestone for the whole expansion project. This is a sure sign of strong market confidence in our project,” said Eurovea’s owner, Peter Korbačka.

“Primark has been looking for a suitable location to open the company’s first store in Slovakia, and we are delighted that our first store here is in this fantastic state-of-the-art shopping centre. Eurovea is a well established shopping and entertainment destination for people living in Bratislava and we look forward to offering our amazing fashion to its visitors in the future," says Jose Luis Martinez de Larramendi, Primark's Retail Manager for the US and CEE.              

Primark is just one of several new brands that Eurovea’s extension will deliver to the Slovak market. In addition, the enlarged shopping centre will offer visitors the largest food court in Slovakia, an extended Danube promenade, new restaurants, cafes, and relaxing public spaces designed by world-famous architect Beth Galí. With 100 new shops primed to open, Eurovea will lead the Slovak retail market with 300 shops in one place.

Only approximately 25% of the planned Eurovea extension remains available.




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  • mBank, the digital banking company in Poland, has decided to relocate its largest corporate branch in Lower Silesia to the Infinity office building in Wrocław. The company will occupy nearly 1,300 sqm on the fourth floor of the building. The tenant will move into the development owned by Avestus Real Estate and Alchemy Properties in January 2027.
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  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
  • CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.


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