The European luxury retail market has been thriving, with 83 new luxury stores opening in 2024 across 20 key shopping streets in 16 cities and 12 countries, according to Cushman & Wakefield’s latest insights.
Linklaters has advised Nhood and Ceetrus on their partnership with Apsys, which aims to transform the commercial market in Poland by initiating innovative and sustainable development projects. Their first cooperation will be Wilanów Park shopping centre in Warsaw.
The King Cross Zagreb shopping centre has completed the first phase of a major renovation project, following an investment of more than €40 million carried out by its owner, SES Spar European Shopping Centers.
NEPI Rockcastle says it reached a record-breaking net operating income (NOI) of €556 million during 2024, a 13.2% increase compared to the previous year, over strong retailer sales and resilient consumer demand in CEE.
Italian real estate group IGD has announced the sale of its Winmarkt Someș shopping center in Cluj-Napoca to a private Romanian investor for €8.3 million.
Designer Outlet Sosnowiec (southern Poland) invites customers to the newly opened Mountain Warehouse brand store. The shop has an area of approximately 400 sqm.
Motorola Solutions has renewed its lease at the Green Office complex in Kraków. The company, which has occupied the premises since 2011, will continue leasing 17,761 sqm of office space. The renewal will commence in August 2027 and will be valid for five years at market rent.
Prologis has extended its seven-year partnership with AMD Europe. The company will continue to lease more than 5,500 sqm of warehouse space at Prologis Park Poznań.
New appointments
Marcin Janik has taken up the position of head of the southern Poland region at CBRE. He will be responsible for Silesia, Małopolska and the previously serviced Wrocław.
GTC Group has appointed Miklos Egri as Chief Operating Officer. The new manager will be responsible for the company's day-to-day operational and administrative management in the Central and Eastern European markets.
Paulina Petynka has joined the team of Yareal Polska, taking on the position of Leasing Director. She has more than 20 years of professional experience.
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