ARTICLES IN Retail TOPIC

29
Jan
2021

Fashion House Pallady in Bucharest is 70% let and close to open

by Property Forum
Fashion House, part of  Liebrecht & wooD Group, announced that the new outlet from Bucharest is 70% leased and will open on March 25thh.
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28
Jan
2021

Pandemic is a catalyst for retail change in Poland

by Property Forum
Close to 130,000 sq m was delivered to the market across all retail formats in Q4 2020, bringing last year’s total new supply to more than 340,000 sq m. Despite pandemic-related restrictions and successive lockdowns (7-28 November and from 28 December onwards), the fourth quarter witnessed 11 new retail completions and an outlet centre extension. Newly built schemes were sized under 20,000 sq m, and nearly half of the Q4 2020 new supply was delivered in cities below 50,000 inhabitants. Cushman & Wakefield summarizes current situation on Polish retail market.
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25
Jan
2021

Acteeum set to build new retail park in Ostróda, Poland

by Property Forum
Privately owned real estate developer Acteeum is preparing to launch the development of a new retail park named Ostróda Power Center in Poland’s Masurian region.
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25
Jan
2021

NEPI Rockcastle expands Promenada mall in Bucharest

by Property Forum
NEPI Rockcastle is starting the works for the extension of Promenada shopping centre in Bucharest, Ziarul Financiar informs, publishing a photo showing that the land is being prepared for construction.
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18
Jan
2021

Retail parks continue to grow in turbulent times

by Property Forum
The COVID-19 pandemic has left hardly any business or industry untouched and retail real estate industry has also been affected. The last twelve months were marked by three lockdowns that helped change the shopping habits of Poles, lower developer activity, and increase the popularity of smaller retail formats, JLL analysts say.
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18
Jan
2021

New retail brands continue to enter the Czech market

by Property Forum
Although the retail segment is among those affected the most by the coronavirus crisis, this does not show in the number of brands newly incoming to the Czech market. Whereas 24 new brands came to the country in 2019, in the crisis year 2020 there were 25. This year, the number of newcomer brands could be even higher – some brands postponed opening their shops to 2021 due to the corona crisis., according to a report by Cushman & Wakefield.
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15
Jan
2021

COVID-19 has accelerated foodservice trends

by Property Forum
The effects of COVID-19 have caused an acceleration in foodservice trends which are set to continue long after the pandemic has been brought under control, according to a new report by Coverpoint Foodservice Consulting.
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14
Jan
2021

Crestyl to issue bonds to finance Prague mixed-use project

by Property Forum
Local developer Crestyl, through its subsidiary Savarin p.l.c., is issuing five-year zero-coupon bonds with a total nominal value of €84 million (CZK 2.2 billion) this week, with the possibility of increasing to CZK 3.3 billion. The purpose of the issue is to finance the Savarin project, which is being developed in the vicinity of Prague's Wenceslas Square and Na Příkopě Street. The multi-purpose complex also includes space for the installation of Alfons Mucha’s Slav Epic. The issue was prepared by J&T Banka and the bonds are also traded on the regulated market of the Prague Stock Exchange.
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13
Jan
2021

Can high streets be an alternative to shopping centres?

by Property Forum
Because of the pandemic, a significant number of Polish consumers are increasingly turning to smaller stores, which are located outside traditional shopping centres. Is this an opportunity for high street shop owners, answer the experts from JLL advisory agency
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13
Jan
2021

Iulius Group to build new retail centres in Romania

by Property Forum
Iulius Group will start the construction of two Family Market centres, a new retail concept launched in summer 2020, Ziarul Financiar informs.
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Latest news


New leases

  • Wola Center office building has two new tenants. Instytut Monitorowania Mediów will take 900 sqm and Moovin, interior finishing company leased 300 sqm. Both deals were signed for 5 years. Wola Center is owned by Hines Polska.
  • Sinsay will open a 1,500 sqm store in Funshop Park from Roşiorii de Vede this year. The retail park is the first of six projects under the Funshop Park brand to open in Romania.
  • ELKO Romania relocated its activity in CTPark Bucharest where it rented a storage space of 1,800 sqm. The transaction was brokered by Dunwell.

New appointments

  • Olga Szczęsna has joined JLL Poland's Office Agency Department, where she has taken up the position of director. Olga will be responsible for the commercialization of buildings from the Patrizia portfolio, including N21, Metron and G9, as well as the Central Point building, currently under construction in the centre of Warsaw.
  • JLL Romania consolidates its industrial team by recruiting Ciprian Sîrbu in order to provide Supply Chain services on the local market. Ciprian Sîrbu has over 10 years of experience in logistics, e-commerce, and industrial supply chain, completed by 7 years in which he worked in the IT field. His role within JLL is to provide advice to customers in streamlining the supply chain like the need for such services increases.
  • Simona Costache has joined Romanian developer One United Properties as Executive Director, Residential Sales. With 15 years of experience in real estate, Simona has been involved in sales, rental and facility management for residential developers in Bucharest.


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