News - C&W Echinox to consult on Bucharest mall extension
22
Sep
2021

C&W Echinox to consult on Bucharest mall extension

by Property Forum
Cushman & Wakefield Echinox says it will provide consulting services in construction for the extension of Colosseum Mall, a Bucharest-based project with a total area of 21,616 sqm. 
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News - Rise of retail parks in Poland continues
21
Sep
2021

Rise of retail parks in Poland continues

by Property Forum
Although the Polish retail market is still struggling with the effects of the COVID-19 pandemic, forecasts for the sector are more optimistic than for the rest of Europe. According to Oxford Economics, retail sales in Poland are expected to grow by 4.9% per annum until 2023, which would put Poland in a leading position in Europe. 2021 is expected to see approximately 209,000 sqm of GLA solely in retail parks come onto the market, meaning that 2021 would be a record breaking year for retail parks in terms of space delivered to the market. JLL and Trei Real Estate Poland, the authors of the 2nd edition of the "Retail parks and convenience centers in Poland" report, summarize the market regarding these projects at the end of H1 2021, and outline the development prospects for this sector in Poland.
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News - Scallier prepares to open retail park in southern Romania
21
Sep
2021

Scallier prepares to open retail park in southern Romania

by Property Forum
Scallier says it will officially open in late September its retail park in Roșiorii de Vede, a small city in southern Romania. 
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News - New shopping centre in Budapest opens today
17
Sep
2021

New shopping centre in Budapest opens today

by Property Forum
Etele Plaza is going to open its doors to the public at 10 AM on September 17, 2021. Budapest’s latest shopping and entertainment centre located in the immediate vicinity of Etele square, Kelenföld will offer a range of stores and services. Futureal’s €300 million development is also the first smart shopping centre in Hungary.
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News - Shopping centre visitors are becoming increasingly conscious
13
Sep
2021

Shopping centre visitors are becoming increasingly conscious

by Property Forum
Shoppers are becoming increasingly conscious and are looking for easily accessible, environmentally friendly shopping centres that also have outdoor green areas, a representative survey called "The role of shopping centres in the 21th century" by Westend and Marketing Resolution found. The survey examined the customer habits of people living in Budapest and its suburbs, including how often they visited their favourite malls, what experiences they were looking for there or what products were in highest demand.
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News - Atrium wants to demolish three Warsaw malls for apartments
10
Sep
2021

Atrium wants to demolish three Warsaw malls for apartments

by Property Forum
Atrium plans to demolish three old shopping mallls in Warsaw - Atrium Reduta, Atrium Targówek and King Cross – and build apartments in these locations. City authorities comply, but the change of the spatial plans may take years.
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News - Gap enters the Hungarian market
07
Sep
2021

Gap enters the Hungarian market

by Property Forum
Gap, the American casual clothing and accessories brand, announced its entry into the Hungarian market through a franchise partnership with Ganeta Pannónia Kft. The brand will be introduced to customers through Gap-branded stores in the country, beginning with the opening of a Gap freestanding store in Etele Plaza in September 2021.
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News - New retail schemes of 121,000 sqm expected this year in Romania
03
Sep
2021

New retail schemes of 121,000 sqm expected this year in Romania

by Property Forum
Romania’s retail sector will see new deliveries of projects covering around 121,000 sqm, of which 62% are small structure, mainly retail parks, according to a report by real estate consultancy Colliers. 
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News - Norblin Factory secures occupancy permit
03
Sep
2021

Norblin Factory secures occupancy permit

by Property Forum
The 46-month revitalization of the Norblin Factory in Warsaw's Wola district, carried out by Capital Park Group, has come to an end. The complex has been granted an occupancy permit. At the investment site, preparations are currently underway to open the first concepts, which will be gradually unveiled to future visitors over the next few months.
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News - Porto Montenegro presents unique retail rental opportunity
01
Sep
2021

Porto Montenegro presents unique retail rental opportunity

by Property Forum
At the end of 2020, Porto Montenegro presented to the public its long-awaited project - the concept of an innovative, urban neighbourhood, Boka Place, which features a carefully planned space, with numerous gastronomic, shopping and entertainment facilities and many other benefits that will be available to Porto Montenegro residents as well as all visitors.
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Latest news


New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.

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