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

French real estate group Catinvest is investing €36 million in the extension of ElectroPutere Parc in Craiova, which has reached over 100,000 sqm of retail spaces.

Romanians have spent €36 billion in large retail chains during 2023, an amount 11% higher compared with 2022, according to a Cushman & Wakefield report. Of the total amount, FMCG had a share of more than 60%.

Mitiska REIM has announced the opening of a new retail park in Jastrzębie Zdrój, a city of 90,000 inhabitants in southern Poland. Developed in partnership with Karuzela Holding and owned in joint-venture with the FRI 2 fund, this latest opening is the third retail park development opened in Poland by Mitiska REIM and Karuzela Holding in the past nine months.

CBRE Romania will get involved in the leasing strategy of H Știrbei Palace, a new shopping gallery for luxury brands developed by Hagag Development Europe in central Bucharest.

Rental activity in the Czech and European retail markets has significantly increased year-over-year, with a rise in the number of transactions and the volume of leased space across sectors and countries. A survey done by Cushman & Wakefield has analysed over 2,000 retail rental transactions in 13 European countries, including the Czech Republic.

The iconic building on the corner of Národní and Spálená streets in Prague, today Máj Národní, is starting to write a new chapter in its history. The two-year renovation, which transformed the original monofunctional Máj department store into Máj Národní, is coming to an end.

Empik in Cepelia, Decathlon City in the International Business Center, Bulgari, Luca, Carhartt and Le Szapo. Do the leases signed in Warsaw in recent months herald a high-street revival in Warsaw and beyond? High shopping centre density rates and shrinking retail availability bode well for it. In addition, Cushman & Wakefield notes that the Polish retail market is now going through a very interesting period of growth, with many tenants increasingly focusing on location diversification as new retail concepts and formats are emerging. This means that there is a real chance of a revival of high-street retail.