With a rent level of €53/sqm/month on Calea Victoriei, the main retail street of the city, Bucharest remains in the top 50 cities analyzed worldwide and in position 46 out of 53 in the EMEA ranking, just behind Warsaw, according to a report by real estate consultancy Cushman & Wakefield Echinox. 

Hungarian property investor Indotek Group is extending its facelift program to its international retail portfolio, with the renewal of the nearly 50,000 sqm Promenada Mall in Romania. The company is carrying out the modernization of the shopping centre in Târgu Mureș in two phases. 

Industrial park developer Cometex, owned by Romanian retailer Altex România, has sold the Bucovina shopping centre in Suceava to local entrepreneur Andrei Mandachi in a transaction valued at €7 million. 

Romanian developer Forty Management has sold commercial spaces covering 1,200 sqm in three Bucharest-based projects for €3.3 million, excluding VAT.

Property developer and investor Prime Kapital has unveiled plans for an urban regeneration project in Cluj-Napoca, on a land plot of 17.1 hectares that previously hosted an industrial platform. 

Trei Real Estate and Jones Lang LaSalle Poland jointly published a new market report on retail parks and convenience centres in Poland. Here are the key findings: Within the retail sector as a whole, investors focus primarily on retail parks, convenience centres, DIY stores and food markets. Prime yields for high-end retail parks have maintained a stable level between 6.5 and 6.75%. The Polish retail investment market saw five banner years of very strong investment volumes between 2015 and 2019, each achieving a transaction total of €2.0 billion to 2.5 billion. The year-end volumes of 2020 and 2021 were significantly lower at c. €750 million and €1.0 billion, respectively. By contrast, investments in 2022 already stood at c. €760 million by mid-year. Accordingly, Trei and JLL Poland feel optimistic about 2022 as a whole.

As of November this year, Multi Corporation has been appointed the new property and asset manager for the shopping centre Central in Bratislava, the company announced.

Japanese clothing chain UNIQLO has opened its store in Domy Towarowe Wars Sawa Junior in Warsaw. The two-storey store has been inaugurated on October 27.

LCP Properties has recently opened two M Park retail parks. The projects in Rawa Mazowiecka and Lubawa have joined the investment group's property portfolio.

This year’s increase in supply and the value of transactions in the retail sector in Poland have a chance to exceed last year's level, says Walter Herz.