Slate Asset Management has disposed of a three-asset OBI retail store portfolio in Slovakia. The buyer is the Lindner Group from Germany. The seller has used the advisory service of Savills.

EPG Group has opened a new arcade in the Varyáda shopping center in the Karlovy Vary region. The center is expanding with 17 new retail units, an information booth and a relaxation zone for customers. 

BIG CEE, a subsidiary of BIG Shopping Centers, has announced a significant €100 million financing agreement with the European Bank for Reconstruction and Development (EBRD) to fuel its expansion across the Balkans. 

The European luxury retail market experienced more moderate growth in 2024, following the significant advances in the post-pandemic period. Within this context, Romania stands out as a market with significant development potential in this segment, although the availability of suitable retail spaces presents a challenge, according to a Cushman & Wakefield report.

Romanian developer Iulius will start this month a remodelling of its mixed-use project Palas Iași, based on a concept by architecture firm Foster + Partners.

Prime Kapital Development and MAS PLC are preparing to open their new Mall Moldova project in Iași next month.

The European luxury retail market has been thriving, with 83 new luxury stores opening in 2024 across 20 key shopping streets in 16 cities and 12 countries, according to Cushman & Wakefield’s latest insights.

Linklaters has advised Nhood and Ceetrus on their partnership with Apsys, which aims to transform the commercial market in Poland by initiating innovative and sustainable development projects. Their first cooperation will be Wilanów Park shopping centre in Warsaw. 

The qualified investor fund REALIA FUND SICAV has expanded its portfolio with another acquisition in northern Moravia.

Hagag Development Europe is preparing to reopen the Știrbei Palace on Calea Victoriei, in H2 2025, as a luxury department store.