According to the latest report from BNP Paribas Real Estate Poland, Poland’s retail market experienced record growth in 2024, expanding at its fastest pace since 2015. This was driven by the strength of evolving retail parks. Another key report finding is the growth of the luxury goods market and the increasing practical use of AI in retail.

The reconstruction of the Kotva department in Prague is starting today, one year after its closure, reports Archiweb.cz. This is symbolically happening on the 50th anniversary of its opening. The owner is Generali Real Estate.

Romanian developer One United Properties, specialized in office and premium residential projects, is looking to build a portfolio in the retail segment.  

Romanian developer Iulius has comissioned UK-based Foster + Partners architecture studio to work on two projects in Romania.

M Core Group has purchased seven strip malls in Romania from property investor MAS for an undisclosed sum. The projects with a combined leasable area of around 32,000 sqm have a full occupancy rate. The strip malls are based in Slobozia, Focșani, Râmnicu Sărat, Târgu Secuiesc, Sebeș, Făgăraș and Gheorgheni.

New retail projects with a combined leasable area of around 180,000 sqm were completed in Romania during 2024, down by around 15% versus 2023, with retail parks accounting for the biggest share of deliveries, according to Cushman & Wakefield Echinox. 

DIY retailer Leroy Merlin has leased around 11,000 sqm for a new store that will open in Iași-based Mall Moldova during H1 2025. 

Repaco Capital and Weststar Real Estate have delivered the Crevedia Retail Park, near Bucharest, following an investment of €15 million that was partly financed by BT.

Cushman & Wakefield has summarised the situation in the Polish retail market. Over half a million square meters of new retail space came on stream last year, marking the highest new supply level in Poland since 2015. This robust development activity occurred amid rising demand from new retailers and improving consumer sentiment which boosted retail sales.

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