ARTICLES IN Retail TOPIC

02
Dec
2020

Czech retail market prepares for shopping centre reopening

by Property Forum
The great majority of shopping centres in the Czech Republic should reopen on Thursday 3 December. The footfall and revenue figures show that customers have not given up on visiting shopping centres in the long-term perspective or changed their shopping habits dramatically. Following the reopening after the first wave of the corona crisis, both performance indicators grew again, and revenue even exceeded last year’s figures in a year-on-year comparison. The impact on footfall and turnover was lower in the second wave, with footfall slightly growing in recent weeks. Considering that Christmas is coming, we can expect customers to return to shopping centres quickly as soon as they are allowed to, resulting in an exceptional increase in footfall and revenue.
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26
Nov
2020

Fashion House to open second Romanian outlet in 2021

by Property Forum
Retail outlet developer Fashion House Group plans to open its second outlet centre in Romania, Fashion House Pallady, on 25 March 2021.
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24
Nov
2020

NEPI Rockcastle records 90% collection rate for Q1-Q3 2020

by Property Forum
Shopping centre owner NEPI Rockcastle achieved a collection rate of 97% of reported revenues for the first half of 2020 and 90% for the nine-month period ended 30 September 2020. The total value of COVID-19 related rent reliefs and discounts granted by NEPI Rockcastle up to 30 September amounts to €55.6 million. The company published a business update for Q3 2020.
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23
Nov
2020

Bucharest’s Expo Market Doraly completes extension

by Property Forum
Expo Market Doraly, one of Romania’s largest shopping parks specialized in home items and food products, has inaugurated a new building with an area of 9,200 sqm, following a €6 million investment.
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16
Nov
2020

Fashion House opens third phase of Bucharest outlet centre

by Property Forum
Fashion outlet developer, Fashion House Group has announced the opening of the third phase of Fashion House Outlet Centre Militari in Bucharest.
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13
Nov
2020

We Are Pop Up moves to free-to-use model

by Property Forum
In response to the current market challenges faced by landlords and brands, We Are Pop Up, the specialist international booking platform for pop-up retail spaces, has transformed its business model into a free-to-use service, abolishing all transaction fees for listings.
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12
Nov
2020

Czech retailer empties stores to protect inventory

by Property Forum
C2H, the company that owns the Kara and Pietro Filipi fashion stores in the Czech Republic, has recently emptied its 58 stores in the country to prevent landlords it owes rent to from seizing its inventory as security for payments.
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05
Nov
2020

Metro plans to sell 9 stores in Romania

by Property Forum
German group Metro intends to sell and lease back 9 of its stores in Romania to increase its competitiveness and efficiency and to improve liquidity for new investments and developments. The offer also includes 6 stores in Slovakia.
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03
Nov
2020

Romania’s retail stock exceeds 4 million sqm threshold

by Property Forum
The stock of modern retail spaces in Romania has exceeded the level of 4 million square meters after the latest deliveries of shopping centres, but the market development pace will slow down in the next period, according to Cushman & Wakefield Echinox.
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03
Nov
2020

Mitiska REIM secures €33 million loan for Romanian retail parks

by Property Forum
Mitiska REIM has secured a €33 million senior debt facility with Erste Group Bank AG for four Romanian retail parks, representing a combined gross leasable area (GLA) of 30,500 sqm.
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Latest news


New leases

  • Raiffeisen Bank International AG will take up 1,500 sqm of office space in Monopol office centre in Warsaw. The lease was negotiated by Colliers International.
  • KiK is a new tenant in Funshop Park Focșani, developed by Scallier. The store of 640 sqm will open this year.
  • 108 Agency has secured a lease of 7,800 sqm of commercial space for company Van Eupen in P3 Lovosice with a strategic position in the desired location in the Ústí nad Labem region.

New appointments

  • CBRE Romania has promoted Florin Ianculescu-Popa to Director of Valuation within the Valuation & Advisory team.
  • Romanian developer One United Properties has appointed a certified expert accountant, Cosmin Samoilă as Chief Financial Officer.
  • Cornelia Dragomir has been promoted to Associate Director Valuation within the Valuation & Advisory team of CBRE Romania.


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