Two retail parks in the Czech portfolio of the Focus Estate Fund end their year with zero vacancy: Most Retail Park (GLA – 6,471 sqm) in the city of Most and Centro Ostrava Retail Park (GLA – 7,699 sqm) in the city of Ostrava.
CBRE represented Adventum International in the acquisition of the KöKi Terminal shopping centre in South Pest. CBRE also provides property management and exclusive retail leasing and advisory services for the €18 million (6 billion HUF) renewal project of the 66,000 sqm GLA shopping centre
Mitiska REIM, in association with its Romanian country partner Square 7 Properties, has accelerated its investment in Romania during 2019 and announced the opening of its latest retail park development in the city of Braila in the east of the country.
Irish clothing chain Primark‘s long-anticipated market entry into Slovakia has been confirmed as the company has signed a lease agreement with Eurovea. At the same time, the shopping centre has announced that it reached 70% occupancy in the forthcoming extension. Cushman & Wakefield facilitated the transaction.
Trei Real Estate GmbH, a property developer and property asset holder of residential and retail real estate with activities across Europe, develops its sixth retail park of the Vendo Park brand in the Czech Republic. The property is located in the small town of Mnichovo Hradiste, which lies around one hour’s drive north-east of Prague. The total investment costs add up to €2.6 million and the completion is scheduled for Q2 2020. The company plans to keep the asset in its portfolio long-term.
ProperGate has signed a cooperation agreement with CFE. The intelligent logistics management system, developed by ProperGate, will be pilot tested at the construction site of one of the biggest retail centres in the Mazury district.
Poland’s total retail stock topped 15 million sqm at the end of Q3 2019. The high shopping centre density rate in the country’s large cities has shifted developer interest towards less saturated markets of smaller cities and other retail formats such as mixed-use schemes, according to Cushman & Wakefield’s Q3 2019 retail report.
Bright Spaces, a proptech solution developed by a Romanian start-up, has received funding of €185,000 for development and implementation. The financing was coordinated by Sparking Capital as lead investor, with Growceanu Angel Investment and angel investor Ilinca Păun, former MD of Colliers International Romania.
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