ARTICLES IN Retail TOPIC

News Prague’s Pařížská becomes CEE’s most expensive high street
01
Dec
2022

Prague’s Pařížská becomes CEE’s most expensive high street

by Property Forum
Following the pause caused by the coronavirus pandemic, Cushman & Wakefield has brought back the Main Streets Across the World report, ranking 47 countries by headline rents in best-in-class urban locations in each of them. The Czech Republic is newly represented by Prague’s Pařížská Street, which has replaced Na Příkopě as the country’s most expensive street. Among the other most expensive main streets of the world, Pařížská ranks 17th (Na Příkopě ranked 18th in 2019) and comes first in the CEE region. As compared by the survey, the highest prime rent achieved in Pařížská as of this year’s third quarter amounts to €2,719 per square metre per year, or approximately €227 per square metre a month.
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News Mitiska REIM opens retail development in Kołobrzeg
29
Nov
2022

Mitiska REIM opens retail development in Kołobrzeg

by Property Forum
Mitiska REIM has announced the opening of a new retail centre development in the Polish city of Kołobrzeg. Developed in a joint venture with local partner Karuzela Holding and designed to achieve a “Very Good” score on the BREEAM in-use scale, this is the third retail development project opened by Mitiska REIM and Karuzela Holding in Poland this year. Financing for the new retail centre was provided by AION and mBank.
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News Kaufland reaches 1,500 hypermarkets in Europe 
24
Nov
2022

Kaufland reaches 1,500 hypermarkets in Europe 

by Property Forum
Grocery retailer Kaufland has inaugurated in Bucharest a new hypermarket spanning 5,000 sqm. Following the latest opening, the European network of the retailer climbed to 1,500 units.
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News Bucharest moves up in most expensive shopping street ranking 
24
Nov
2022

Bucharest moves up in most expensive shopping street ranking 

by Property Forum
With a rent level of €53/sqm/month on Calea Victoriei, the main retail street of the city, Bucharest remains in the top 50 cities analyzed worldwide and in position 46 out of 53 in the EMEA ranking, just behind Warsaw, according to a report by real estate consultancy Cushman & Wakefield Echinox. 
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News Indotek Group starts revamp of Târgu Mureș shopping centre 
24
Nov
2022

Indotek Group starts revamp of Târgu Mureș shopping centre 

by Property Forum
Hungarian property investor Indotek Group is extending its facelift program to its international retail portfolio, with the renewal of the nearly 50,000 sqm Promenada Mall in Romania. The company is carrying out the modernization of the shopping centre in Târgu Mureș in two phases. 
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News Cometex sells retail project in Suceava for €7 million
17
Nov
2022

Cometex sells retail project in Suceava for €7 million

by Property Forum
Industrial park developer Cometex, owned by Romanian retailer Altex România, has sold the Bucovina shopping centre in Suceava to local entrepreneur Andrei Mandachi in a transaction valued at €7 million. 
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News Forty Management sells commercial spaces in Bucharest
16
Nov
2022

Forty Management sells commercial spaces in Bucharest

by Property Forum
Romanian developer Forty Management has sold commercial spaces covering 1,200 sqm in three Bucharest-based projects for €3.3 million, excluding VAT.
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News Prime Kapital to invest €330 million in Cluj-Napoca mixed-use scheme
03
Nov
2022

Prime Kapital to invest €330 million in Cluj-Napoca mixed-use scheme

by Property Forum
Property developer and investor Prime Kapital has unveiled plans for an urban regeneration project in Cluj-Napoca, on a land plot of 17.1 hectares that previously hosted an industrial platform. 
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News Retail parks segment in Poland proves to be stable
02
Nov
2022

Retail parks segment in Poland proves to be stable

by Property Forum
Trei Real Estate and Jones Lang LaSalle Poland jointly published a new market report on retail parks and convenience centres in Poland. Here are the key findings: Within the retail sector as a whole, investors focus primarily on retail parks, convenience centres, DIY stores and food markets. Prime yields for high-end retail parks have maintained a stable level between 6.5 and 6.75%. The Polish retail investment market saw five banner years of very strong investment volumes between 2015 and 2019, each achieving a transaction total of €2.0 billion to 2.5 billion. The year-end volumes of 2020 and 2021 were significantly lower at c. €750 million and €1.0 billion, respectively. By contrast, investments in 2022 already stood at c. €760 million by mid-year. Accordingly, Trei and JLL Poland feel optimistic about 2022 as a whole.
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News Multi to manage Bratislava shopping centre
28
Oct
2022

Multi to manage Bratislava shopping centre

by Property Forum
As of November this year, Multi Corporation has been appointed the new property and asset manager for the shopping centre Central in Bratislava, the company announced.
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Latest news


New leases

  • Kraków's Nowe Czyżyny centre will be home to a new brand from the sports segment. The Newbridge leasing department has signed a lease agreement with 4F. In recent weeks, Monnari, Triumph and W.Kruk have also debuted in the facility, while Empik is preparing to open a store.
  • ROCKWOOL is expanding its office space in the Nowy Rynek D building, developed by Skanska in Poznań. In 2020, a competence centre was established on an area of 6,000 sqm. Now, the company has decided to lease additional 900 sqm.
  • Primark has opened the doors of its fourth shop in Poland for the first time in Katowice's Silesia City Center. The store occupies more than 3,600 sqm of retail space.

New appointments

  • Tezenis brand has joined the tenants of Galeria Warmińska. This is the first showroom of this Italian brand in Olsztyn in Poland. The new boutique occupies an area of approximately 190 sqm.
  • Anna Trębicka will be responsible for the integration of all CBRE business lines in the Łódź region in Poland, as well as the development and proper functioning of the Łódź branch.
  • 108 Agency announced the appointment of Petr Jílek as the new Head of Property Management for the Czech Republic.


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