ARTICLES IN Retail TOPIC

31
Aug
2016

Increasing competition on the Polish retail market

by Ákos Budai
In H1 2016, total modern retail stock in Poland rose to more than 13.5 million sqm GLA. The key trends include new shopping centre and retail park openings in cities below 100,000 inhabitants and the growth of the outlet centre sector in agglomerations with 200,000–400,000 inhabitants. Cushman & Wakefield has released its data on the Polish retail market in H1 2016 in its report Property Times: Increased market competition calls for a quick response.
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18
Aug
2016

Atrium announces Q2 results

by Ákos Budai
Atrium European Real Estate Limited, an owner and manager of shopping centres and retail real estate in Central and Eastern Europe, has announced its results for the second quarter and six months ended 30 June 2016.
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11
Aug
2016

Romanian investors develop Sibiu’s first shopping centre

by Ákos Budai
Romanian real estate developer Primavera Development will build a shopping centre in the centre of Sibiu, on the plot of the former Simerom plant. Festival Shopping Center is set to have a 44,000 sqm rentable area and is expected to be opened in H2 2018. The investment in the mall will amount to 70 million euros.
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23
Jul
2016

Bulgarian retail market continues to grow

by Ákos Budai
The latest Colliers report reveals a stable retail property market in Bulgaria during the first half of 2016. Modern shopping centers in Sofia retained the absorption levels from the previous period – nearly 15,000 sqm of leasable space, compared to 16,370 sqm in the second half of 2015. In well-established projects enjoying active demand, this equals to an average share of 4% from the GLA. 
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22
Jul
2016

Mitiska REIM exceeds target with second closing

by Ákos Budai
Mitiska REIM, an investor specialised in European retail parks, has tannounced the successful second closing of its First Retail International 2 Fund (FRI 2) close to €190 million, significantly exceeding its original target of €120 to 150 million.  Allowing for gearing of 50%, the Fund’s gross investment capability is now close to €400 million.
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21
Jul
2016

Delta Holding announces plans to expand in Bosnia-Herzegovina

by Ákos Budai
Delta Holding, a Serbian real estate investor, has announced that next year it will begin building a shopping mall in Banja Luka, the largest investment in the Republic Srpska region of Bosnia-Herzegovina.
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13
Jul
2016

HB Reavis to join new development project in Bratislava

by Ákos Budai
Award-winning UK architecture practice Make Architects has been appointed to design a state-of-the-art office building in Bratislava’s Central Business District. HB Reavis has been chosen as the development manager of the new mixed-use scheme which will be developed on the site of the current Apollo Business Centre I.
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07
Jul
2016

Echo Investment launches new project in Katowice

by Ákos Budai
Echo Investment has obtained a building permit for the construction of Galeria Libero, which is to be built on Kościuszki Street in the southern part of Katowice. The investor also concluded a contract with the city authorities concerning the road layout around the facility.
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30
Jun
2016

Immofinanz expands in Poland

by Ákos Budai
Immofinanz is continuing the expansion of its STOP SHOP retail park chain at a fast pace: the 57th location was opened today in the Polish city of Szczytno. After Niš in Serbia and Świnoujście in Poland, this represents the third project completion in two months and the next locations have already been identified. A STOP SHOP will open in the Serbian city of Valjevo during early autumn, and in Poland preparations are underway for retail parks in Pultusk and Gdynia. These projects will raise the total number of STOP SHOPs to 60.
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02
Jun
2016

Váci 1 building opens in Budapest

by Ákos Budai
Horizon Development’s re-conceptualized historic building Váci 1 in Downtown Budapest has fully opened. The 13,750 sqm UNESCO World Heritage listed neo-classicist palace - constructed between 1911 and 1915 - is home to the newest flagship store of H&M.
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