ARTICLES IN Retail TOPIC

24
Nov
2020

NEPI Rockcastle records 90% collection rate for Q1-Q3 2020

by Property Forum
Shopping centre owner NEPI Rockcastle achieved a collection rate of 97% of reported revenues for the first half of 2020 and 90% for the nine-month period ended 30 September 2020. The total value of COVID-19 related rent reliefs and discounts granted by NEPI Rockcastle up to 30 September amounts to €55.6 million. The company published a business update for Q3 2020.
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23
Nov
2020

Bucharest’s Expo Market Doraly completes extension

by Property Forum
Expo Market Doraly, one of Romania’s largest shopping parks specialized in home items and food products, has inaugurated a new building with an area of 9,200 sqm, following a €6 million investment.
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16
Nov
2020

Fashion House opens third phase of Bucharest outlet centre

by Property Forum
Fashion outlet developer, Fashion House Group has announced the opening of the third phase of Fashion House Outlet Centre Militari in Bucharest.
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13
Nov
2020

We Are Pop Up moves to free-to-use model

by Property Forum
In response to the current market challenges faced by landlords and brands, We Are Pop Up, the specialist international booking platform for pop-up retail spaces, has transformed its business model into a free-to-use service, abolishing all transaction fees for listings.
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12
Nov
2020

Czech retailer empties stores to protect inventory

by Property Forum
C2H, the company that owns the Kara and Pietro Filipi fashion stores in the Czech Republic, has recently emptied its 58 stores in the country to prevent landlords it owes rent to from seizing its inventory as security for payments.
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05
Nov
2020

Metro plans to sell 9 stores in Romania

by Property Forum
German group Metro intends to sell and lease back 9 of its stores in Romania to increase its competitiveness and efficiency and to improve liquidity for new investments and developments. The offer also includes 6 stores in Slovakia.
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03
Nov
2020

Romania’s retail stock exceeds 4 million sqm threshold

by Property Forum
The stock of modern retail spaces in Romania has exceeded the level of 4 million square meters after the latest deliveries of shopping centres, but the market development pace will slow down in the next period, according to Cushman & Wakefield Echinox.
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03
Nov
2020

Mitiska REIM secures €33 million loan for Romanian retail parks

by Property Forum
Mitiska REIM has secured a €33 million senior debt facility with Erste Group Bank AG for four Romanian retail parks, representing a combined gross leasable area (GLA) of 30,500 sqm.
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28
Oct
2020

Belgrade’s largest shopping centre ready to open

by Property Forum
The region’s largest shopping centre Galerija Belgrad will open on 30 October. With a total area of 300,000 sqm, Galerija Belgrade will offer local and international brands in one place, dozens of cafes and restaurants, two entertainment complexes, a cinema with the most advanced IMAX technology and as many as 3,600 parking places.
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26
Oct
2020

AFI Europe opens €148 million mixed-use project in Brașov

by Property Forum
AFI Europe Romania has inaugurated its AFI Brasov mixed-use project on 21 October. The project, located near the city’s historic centre, includes a modern shopping centre with 45,000 sqm GLA and 15,000 sqm GLA of office space rising above the retail floors.
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