Shopper Park Plus Plc., a Hungarian REIT, member of Adventum Group, is rebranding the shopping centres and retail parks and launching a new brand on the Czech retail market.

The number of factory outlet centres in Europe rose slightly to 198 units in the last 12 months, while their sales area expanded by 7.6% to just under 3.3 million sqm, according to an ecostra report. 

The Trikaya real estate group has completed the modernisation of the Řepy Shopping Center in Prague and sold the entire project to the investment fund Pragorent.

Twenty brands have debuted on the Czech retail market in the first half of 2024, the highest number ever recorded. The biggest categories were Health and Beauty (six brands) and F&B (five brands). 

UDI Group is going to build a new shopping centre in Líbeznice near Prague with a Billa supermarket as the main tenant. The developer is now negotiating with other tenants for the other six units. 

Penta Real Estate has submitted environmental impact assessment (EIA) documents for the Bory Mall expansion project in June 2024. The extension is bringing a new square replacing the existing exterior parking lot between the Bory Hospital and the Bory Mall shopping center.

This year in March Passerinvest Group has opened the Roztyly Plaza office building, which, in addition to administrative areas, is offering 1,600 sqm of commercial space on the ground floor, and another 700 sqm dedicated to a canteen with a cafe. The commercial units located on the ground floor of the seven-floor building are now fully leased. 

Cushman & Wakefield has summarised the situation on the Polish retail market in the second quarter of 2024. There were eight new retail completions with the development pipeline comprising approximately 400,000 sqm. This indicates healthy supply levels amid unwavering occupier demand and strong retail sales, shopping centre footfall and turnover figures.

The Turkish fashion brand Koton will enter the Hungarian market and plans to open the first eight stores in retail projects managed by Adventum.

Real estate investor Unione Group has purchased two Interspar stand-alone units located in Nyíregyháza and Zalaegerszeg, leased and operated by SPAR since their delivery in 1999