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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  • 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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