During the first quarter of 2018, the Polish retail market witnessed investment transactions totalling over €1.7 billion. This is the largest volume ever recorded in Q1 on the market. JLL summarised Q1 2018 on the retail market in Poland.
So far in 2018 CBRE won the management of further 10 properties (industrial and shopping centres and an office building) in Budapest. The Budapest office now manages a 600,000 sqm portfolio in Hungary.
Carrefour Poland presented an overview of the chain’s activities in 2017, the strategical objectives for 2018 as well as the actions that will be undertaken as part of the transformation plan of the Group, called “Carrefour 2022”.
Galeria Mazovia, a retail asset located in Płock, Poland and owned by the CBRE European Shopping Centre Fund (ESCF), has obtained a BREEAM (Building Research Establishment Assessment Method) rating of ‘Excellent’ in tests conducted in February 2018.
Bistrita Retail Park will be inaugurated in May 2018, Element Development, the park’s announced. The list of tenants for the nearly 8,000 sqm retail park include, among others, Carrefour Market, JYSK, Decathlon and Top Shop.
Ikea plans to build its third store in Romania next to the city of Timisoara. The Swedish retailer has reportedly applied for a permit to build a roundabout that would allow access to the future store. Ikea also plans to open stores in Brasov and Cluj-Napoca.
Retail space deliveries will accelerate towards 200,000 square meters in 2018, as new projects and extensions are scheduled in ten medium-size towns and cities across Romania, but no significant delivery is scheduled in capital Bucharest this year, according to reports released by Cushman & Wakefield Echinox.
S Immo has completed the upgrade of the Sun Plaza shopping centre in Bucharest and reopened all reconfigured areas to the public. The €30 million remodelling has added 11,000 sqm of new retail space to the shopping centre.
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