Zacaria Group, specialized in the development of residential and industrial projects, has started the construction of its first retail project in Cisnădie.

The new shopping centre, developed by Acteeum Group and Falcon Investment Management, will be located in the centre of Siemianowice Śląskie (Silesia, southern Poland). Covering 18,000 sqm of GLA, it will offer customers a selection of 45 stores, dining opportunities, and 550 parking spaces. The opening of the facility is scheduled for the second half of 2026.

Realia Fund Sicav has ended the previous year by acquiring a retail park in Stod City in the Pilsen region. With the completion of this purchase, the value of the fund's portfolio rose to CZK 2.35 billion (€93 million).

A new fund managed by Upvest and the investment company RSJ have secured a quarter share in the Černý Most shopping centre in Prague, reports Hospodářskénoviny.cz.

Mitiska REIM, the investor specialized in retail and logistics projects, has secured a €50 million co-investment alongside the MEREP 3 value-add fund from the European Bank of Reconstruction and Development (EBRD).

ZDR Investments has announced the acquisition of a retail park in Velké Meziříčí in the Czech Republic before the year 2024 closing. This property with a rentable area of over 4,500 sqm has become part of the ZDR Investments Public SICAV a.s. fund.

According to a survey by Cushman & Wakefield tracking new entries for 11 years, 47 brands have entered the Czech market in 2024. This is the highest number of brands to enter the Czech market, compared to 40 in 2023. 

Przystanek Karkonosze, a retail park of 16,000 sqm GLA, is being built in Miłków, a suburb of Karpacz. The facility will be located on Karpacka Street at the intersection of roads leading to Karpacz, Kowary, Szklarska Poręba and Jelenia Góra, forming one of the most attractive retail destinations in the Karkonosze district.

MAS has entered an agreement for the disposal of all its strip malls in Romania to M Core Group for €49 million. The deal pending approval from local authorities could be completed by March 2025.

According to Savills research, European retail investment volumes reached €19 billion for Q1 to Q3 2024, marking a 6% increase compared to the same period last year. Luxury high street yields are the most favourable among retail investment properties.