ARTICLES IN Retail TOPIC

News Shoppers go for luxury brands in Prague
13
Oct
2016

Shoppers go for luxury brands in Prague

by Ákos Budai
According to the latest report by JLL, High Street Retail in Prague 2016/2017, the Czech capital is the most attractive destination for expansion of international retailers in CEE and is being considered as the gate when entering this region. Demand for quality space on Prague’s high streets, Pařížská and Na Příkopě, is outstripping supply which is reflected in the current rent rate of up to €190/sqm/month for a notional unit of 100 sqm in a prime location.
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News Retailers go for high-street in Budapest
10
Oct
2016

Retailers go for high-street in Budapest

by Ákos Budai
Hungarian retail sales and turnover continue to show healthy growth, buoyed by the abolition of the Sunday closing law after barely one year in effect. Retailer demand is unbroken but remains pressed by the lack of available supply resulting in upward pressure on rents. Fashion retailers remained the most active in H1 2016, followed by the footwear and F&B segments which both expanded significantly, according to the latest Retail Market View published by CBRE.
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News Futureal prepares for new retail development in Budapest
04
Oct
2016

Futureal prepares for new retail development in Budapest

by Ákos Budai
Futureal Group has announced that their latest retail development in Budapest, Etele Plaza is now in negotiations with a number of anchor tenants and they are hoping to confirm the first brands by end of Q1 2017. Located in the south-western part of Budapest, Etele Plaza is expected to attract up to 40,000 shoppers a day. This will be the first large-scale retail development in the Hungarian capital since the opening of Árkád 2 in 2013.
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News Three banks provide €163m refinancing for Rockcastle in Poland
22
Sep
2016

Three banks provide €163m refinancing for Rockcastle in Poland

by Ákos Budai
pbb Deutsche Pfandbriefbank, Helaba and ING Bank have jointly underwritten an investment facility, totalling €163.6 million, to refinance Karolinka, Pogoria and Platan Shopping Centres in Poland. The assets are owned by Rockcastle Global Real Estate Company Limited. The transaction closed in September 2016. pbb Deutsche Pfandbriefbank, Helaba and ING Bank are acting as Joint Lead Arrangers providing equal portions of the funding, with pbb acting as facility and security agent of the transaction. 
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News Neinver to manage new Bydgoszcz mall
15
Sep
2016

Neinver to manage new Bydgoszcz mall

by Ákos Budai
Neinver, a Spanish developer, investor, property and fund manager, has entered into an agreement with Carrefour Polska to manage the Metropolitan Outlet in Bydgoszcz. The outlet centre, scheduled to open in spring 2018 will be the first and only retail centre of this kind in the Kujawsko-Pomorskie province.
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News Three banks provide €210m refinancing for Wroclaw mall
15
Sep
2016

Three banks provide €210m refinancing for Wroclaw mall

by Ákos Budai
ING Bank, pbb Deutsche Pfandbriefbank and PKO Bank Polski have jointly underwritten and funded a €210 million term loan facility for Magnolia Park Shopping Centre. The refinancing of the mall, which is owned by real estate funds managed by Blackstone and managed by Multi Poland, is one of the largest real estate financing deals to take place in Poland this year. 
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News Neinver enters the Czech market
09
Sep
2016

Neinver enters the Czech market

by Ákos Budai
Neinver, a Spanish developer, investor, property and fund manager, has decided to enter the Czech market, the eighth market in which the company has a presence. Neinver has partnered with The Prague Outlet to forge a joint venture launching Prague The Style Outlets, the first premium outlet centre in the Czech Republic. Neinver will be in charge of leasing, retail and property management. The joint venture is financed by PPF Bank.
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News Contractor selected for new Katowice mall
06
Sep
2016

Contractor selected for new Katowice mall

by Ákos Budai
Erbud SA has been chosen as the contractor of the shell of Galeria Libero, which is being developed by Echo Investment in the southern part of Katowice.
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News Increasing competition on the Polish retail market
31
Aug
2016

Increasing competition on the Polish retail market

by Ákos Budai
In H1 2016, total modern retail stock in Poland rose to more than 13.5 million sqm GLA. The key trends include new shopping centre and retail park openings in cities below 100,000 inhabitants and the growth of the outlet centre sector in agglomerations with 200,000–400,000 inhabitants. Cushman & Wakefield has released its data on the Polish retail market in H1 2016 in its report Property Times: Increased market competition calls for a quick response.
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News Atrium announces Q2 results
18
Aug
2016

Atrium announces Q2 results

by Ákos Budai
Atrium European Real Estate Limited, an owner and manager of shopping centres and retail real estate in Central and Eastern Europe, has announced its results for the second quarter and six months ended 30 June 2016.
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Latest news


New leases

  • On 12th October, a new service office will open in the historic Stary Dworzec building in Katowice. The Cluster Stary Dworzec spaces will occupy 2,000 sqm of space.
  • A supermarket chain Dealz has joined the tenants of Galeria Bemowo in Warsaw. The new tenant occupies a unit of approximately 480 sq m, on the ground floor of the shopping centre.
  • Polish interior design brand Dekoria has concluded a lease agreement for premises at Homepark Janki near Warsaw. The space occupied by the company is 133 sqm.

New appointments

  • Rafał Bochenek has been appointed to the position of Associate Director, Land Acquisition Manager at the Polish branch of Savills. He will work closely with the firm’s industrial agency and investment advisory team to strengthen its Industrial Services Hub, which delivers services to tenants, investors and developers of logistics properties
  • Robert Skládal joins Cushman & Wakefield as a partner in the retail leasing team and will lead the team focused on shopping centres.
  • JLL in Prague announces the appointment of Milan Kilik as its new Head of Office Agency for the Czech Republic as of beginning of October 2022.


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