ARTICLES IN Retail TOPIC

24
Mar
2021

Bratislava’s retail market prepares for new supply

by Property Forum
Mountfield, Europe’s largest specialised retailer of garden machinery, swimming pools and home and garden equipment, has chosen the Shopping Palace centre as the site of its new store in Slovakia. Managing the shopping centre since 2013, the MVGM team has created a compact retail space for Mountfield, which covers 1,500 square metres and also includes a warehouse and suitable office space. On the occasion, MVGM summarised the state of Slovakia’s retail market.
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22
Mar
2021

Iulius builds new retail park near Iași

by Property Forum
Iulius started the construction works for its first retail park near Iași. Another one is to kick-off soon, and the total investment in the first two projects is €16 million.
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18
Mar
2021

Oresa investment fund buys logistics park near Iași

by Property Forum
The Oresa investment fund bought the Solo logistics and industrial park near Iași from businessman Bogdan Pițigoi. The acquisition marks the fund's entry into the real estate market. The value of the transaction was not made public.
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18
Mar
2021

80% of new retail space in Romania are retail parks

by Property Forum
Over 80% of the new retail space expected to be completed in 2021 will be in the form of retail parks, including smaller strip malls, highlighting a market shift towards proximity-based schemes or those with a smaller financial footprint for the developer, according to Colliers International Romania. 
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17
Mar
2021

Local investor to build new retail park near Bratislava

by Property Forum
Slovak company KLM CHG intends to build a new retail park near Chorvátsky Grob in the Bratislava Region with three separate buildings, following an investment of about €6.5 million.
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16
Mar
2021

OTP Bank finances Prima Shops Sibiu with €9 million

by Property Forum
OTP Bank announced that it is granting a loan of approximately €9 million to Oasis Retail Development & Consulting, for the construction of the Prima Shops Sibiu retail park.
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15
Mar
2021

Eurocash acquires 49% stake in Polish retail chain Arhelan

by Property Forum
Eurocash has acquired 49% stake in Arhelan retail chain, which operates over 100 stores in north-eastern Poland. The investment in Arhelan is in line with the development strategy of the group, as it aims to create the largest supermarket chain in Poland based on owned and franchise stores. 
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15
Mar
2021

Salling Group gets green light for Tesco Poland takeover

by Property Forum
The Polish anti-monopoly regulator UOKiK has approved the takeover of the Polish branch of the British retailer Tesco by its Danish competitor, Salling Group, operator of the Netto discount store chain.
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15
Mar
2021

Mitiska secures €123 million refinancing for Romanian portofolio

by Property Forum
Mitiska REIM announced it has secured a €123 million senior debt facility for its entire retail park portfolio in Romania from Erste Group Bank AG.
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15
Mar
2021

SES partially opens retail park in Kaposvár, Hungary

by Property Forum
On Thursday, 11 March, SES Spar European Shopping Centers opened S-Park Kaposvár, a new retail park in Southern Hungary. As a result of a renewed lockdown in the country, only those stores that are deemed essential for the provision of basic goods and services to the population have been allowed to open. These are a 6,800 sqm Interspar store, a 600 sqm dm drugstore and a 150 sqm Ofotért optical retail store. S- As soon as official Hungarian regulations permit, all other stores located at S-Park, such as Hervis, Deichmann, Euronics, Pepco, and Kik will go into full operation. The segment and shop mix, which includes 10 stores, covering a leasable area of 11,200 sqm, will deliver a comprehensive range of brands and services to Kaposvár and the surrounding region.
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Latest news


New leases

  • Westinghouse Electric Company will occupy a space of over 1900 sqm in the Zabłocie Business Park B office building in Kraków. JLL represented the tenant during the contract negotiation process.
  • Grupa Azoty, a producer of fertilizer and chemical components has extended its lease in the Warsaw Trade Tower. The company occupies 1,160 sqm in the skyscraper, which is owned by Globalworth.
  • 108 Agency Slovakia has mediated the lease of 720 sqm for its client Mercurtrade in Beta – Car Park Pezinok.

New appointments

  • Spaceflow, a tenant experience company, appoints Ken Norton as its Vice President of Sales. Among Norton’s goals is to accelerate the growth of its client base, while scaling Spaceflow's sales team in their international markets and optimizing the sales processes. Norton joined Spaceflow after three years as Head of Sales at LandInsight, now Landtech. Prior to joining LandInsight, he was in Business Development at Estates Gazette.
  • Benoit Lheureux will replace Gerard Gallet as a CEO of Auchan Polska. Gerard Gallet will remain a Member of the Board.
  • Tomasz Łapiński, former CFO of Cordia Poland, has returned to the company as Development Director and Vice President. He will be responsible for strengthening Cordia's position in Poland, its development and further integration with Polnord.


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