ARTICLES IN Retail TOPIC

News Bucharest’s ParkLake gets certified
31
Oct
2017

Bucharest’s ParkLake gets certified

by Property Forum
The ParkLake shopping mall in Bucharest, developed by a joint venture of Sonae Sierra and Caelum Development, has received a BREEAM certification with a rating of ‘Excellent’.
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News Balfin Group invests €180 million in new Skopje project
30
Oct
2017

Balfin Group invests €180 million in new Skopje project

by Property Forum
Albanian company Balfin Group has acquired a 155 000 sqm plot of land, 1.5 km from the centre of Skopje. The company plans to develop the first mixed-used real-estate development project in excess of 250,000 sqm gross build area, estimated to be largest private investment of this type in Macedonia. The development plans include a new 45 000 sqm gross leasable area shopping mall, residential block and an office park. The overall total investment of the company is planned to be circa €180 million over a time-span of 5-7 years, with €100 million investment in first phase, creating thousands of new jobs and opportunities. The company states that the shopping mall will be developed first, and the apartments and office towers over the next 5-7 years.
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News ECE and Allianz modernise Silesia City Center Katowice
26
Oct
2017

ECE and Allianz modernise Silesia City Center Katowice

by Property Forum
ECE and Allianz have opened the new, comprehensively modernised food court of the shopping centre located in the Polish city of Katowice. During an extensive refurbishment period, the modernized food court of the centre received a new design with modern furniture and a better quality of stay. The refurbishment and modernization was conducted during ongoing operations in the centre in a construction time of approximately five months. All in all the owners invested €2 million into the modernization.
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News €175 million loan secured for the construction of Galeria Młociny
20
Oct
2017

€175 million loan secured for the construction of Galeria Młociny

by Property Forum
Echo Investment and EPP (Echo Polska Properties) have concluded a loan agreement worth €175 million and a VAT loan of PLN 34 million with Bank Zachodni WBK S.A. as an agent as well as PKO Bank Polski S.A. and Bank Gospodarstwa Krajowego. The acquired funds will be used for the construction of Galeria Młociny in Warsaw. The loan was granted for the construction period and a five-year investment period.
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News Catinvest to invest €70 million in Craiova mall
19
Oct
2017

Catinvest to invest €70 million in Craiova mall

by Property Forum
French real estate group Catinvest plans to expand Electroputere Parc, the company’s shopping mall in Craiova, by 9,200 sqm. The group has also started the construction of an additional mixed-use building which will comprise 12,000 sqm of retail space, 15,000 sqm of Class A office space and over 700 underground parking spaces. Total investment in will exceed €70 million by the end of 2018.
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News New wave of openings sweeps across Poland’s retail market
17
Oct
2017

New wave of openings sweeps across Poland’s retail market

by Property Forum
Poland continues to attract brands from across Europe. The significance and the share of the Food & Beverage proposition within shopping centers continues to grow. Furthermore, both new retail concepts and mixed-use projects have become increasingly popular as well. JLL presents its summary of the Polish retail market as of the end of Q3 2017.
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News BNP Paribas Real Estate to manage new Poznan scheme
16
Oct
2017

BNP Paribas Real Estate to manage new Poznan scheme

by Property Forum
A scheme from the portfolio of IKEA Centres Polska S.A. will for the first time be managed externally. Centrum Franowo, completed within 15 months and delivered to the market at the end of September this year, comprises 15 000 sqm GLA, out of which 7 500 sqm on level 0 is dedicated to retail and services, while the remaining 7 500 sqm on level +1 will be used for offices.
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News Echo Investment secures €67.5 million loan for Katowice mall
11
Oct
2017

Echo Investment secures €67.5 million loan for Katowice mall

by Property Forum
Echo Investment has concluded a contract with Bank Zachodni WBK S.A. as an agent as well as Bank BGŻ BNP Paribas S.A. concerning a loan of over €67.5 million and a VAT loan of PLN 12 mln. The funds will be used for the construction of Galeria Libero in Katowice.
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News Former Belgrade retail complex bought for Israeli investors
11
Oct
2017

Former Belgrade retail complex bought for Israeli investors

by Property Forum
BKA development has won a tender to acquire the former Depo retail complex in Belgrade, beograd.rs reports. The Serbian company placed the highest bid of €4.15 million for the complex located in the Vracar area of the capital.
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News Neinver to open Prague outlet centre in April 2018
11
Oct
2017

Neinver to open Prague outlet centre in April 2018

by Property Forum
Neinver, a Spanish company specialised in investment, development and management of property assets, has announced the opening date for Prague The Style Outlets, located in the capital of the Czech Republic. A joint project between The Prague Outlet and Neinver, Prague The Style Outlets will open its doors in 26 April 2018.
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Latest news


New leases

  • Genuine Parts Company signed a multi-year lease for office space in Kraków's Lubicz Park B building. The company’s new location, which will serve as the headquarters of GPC Global Technology Center, will occupy one-and-a-half floors (1,500 sqm in total). JLL Poland took part in lease negotiations and is overseeing the technical side of the GPC office construction process.
  • The Polish branch of German software developer SAP is to move into the 11th floor of the Varso Tower building in central Warsaw, where it will occupy almost 1,400 sqm.
  • Peakside Capital has signed a lease with DPD Polska for 7,000 sqm of cross-dock space at City Point Targówek. The complex is now undergoing a major redevelopment. It will eventually offer close to 100,000 sqm of commercial space, making it the largest urban logistics scheme in Warsaw.

New appointments

  • CPI Property Group is expanding its retail leasing department. Dariusz Kafara has been appointed as the new Leasing Manager. At the Warsaw branch of the company, Dariusz is responsible for maintaining the maximum level of commercialisation in two retail park chains from the group's portfolio - CityMarket and STOP SHOP.
  • Brian Nyeng Olesen, formerly head of commercial at the Salling Group, has been appointed as the new managing director of Netto Polska. The position was previously held by Hugo Mesquita.
  • M Core appoints Magdalena Kowalewska as the new Chief Operating Officer at LCP Properties, Poland. This comes at the same time that Krystian Modrzejewski has accepted a post as the Group Head of Expansion for Poland, where he will be responsible for realising the opportunity for land and asset acquisition in aid of portfolio growth. LCP Properties Poland is part of the M Core group, which brings together family-owned companies that invest in and manage real estate. It comprises LCP, Proudreed, Sheet Anchor, GIPAM and Evolve Estates.


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