ARTICLES IN Retail TOPIC

10
May
2021

Eight new retail openings in Poland in Q1 2021

by Property Forum
Close to 70,000 sqm of new retail space was delivered to the Polish market in Q1 2021, reveals Cushman & Wakefield. The new supply was dominated by small retail parks and standalone stores.
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07
May
2021

51 new Dino stores opened in Poland in Q1 2021

by Property Forum
At the end of March 2021 the Dino network numbered 1,532 stores, up 298 versus March 2020. 59 new stores were opened in Q1 2021. The EBITDA margin in Q1 2021 was 8.8%, i.e. 0.2 percentage points above the corresponding period of 2020.
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06
May
2021

Globalworth appoints general contractor for Wrocław renovation project

by Property Forum
Globalworth, the owner and property manager of Renoma in Wrocław, has chosen Tétris as the general contractor for the renovation of the building. Following this decision, the main stage of work on the metamorphosis of this architectural landmark of the city has now started, in time for the building’s 91st anniversary.
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04
May
2021

Wing selects contractor for Budapest shopping centre renovation

by Property Forum
EuroCenter owner and developer Wing has selected Bernecker Kft. to carry out general contractor tasks for the modernisation of the 46,000 sqm shopping centre located in the northern Buda area. The shopping centre has closed for the duration of the renovations and is scheduled to reopen in spring 2022, boasting a modern appearance and ready to meet 21st-century customer demands. Construction work begins in late April.
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03
May
2021

CPI begins reconstruction of Budapest shopping centre

by Property Forum
The interior of the Campona shopping centre in South Buda, owned by CPI Property Group,  will be completely rebuilt by the end of 2021.
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29
Apr
2021

Czech retail park stock exceeds 1 million sqm

by Property Forum
A total of 23 retail park projects with a total area of almost 55,000 sqm were completed in the Czech Republic last year, with the volume of development exceeding a ten-year average. In effect, the aggregate area of all retail parks in the Czech Republic has exceeded 1 million sqm. Retail park development currently focuses on smaller towns with up to 40,000 inhabitants. The greatest volume of new development was in the Central Bohemian Region last year, according to an analysis by Cushman & Wakefield.
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27
Apr
2021

Aldi to install solar panels on store rooftops in Hungary

by Property Forum
Three years ago, Aldi installed its first solar power plant in its store in Sopron, followed by the unit in Budaörs. Experiences have shown that the company was able to generate two months' worth of electricity consumption this way, which motivated it to expand the initiative. Aldi will install solar panels on the rooftops of 16 stores nationwide. It expects each plant to cover at least two months' electricity supply in the given store.
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23
Apr
2021

Retail parks continue to perform well in Poland

by Property Forum
Investors’ interest in retail parks in Poland has been growing year-on-year. In 2020 this was the most sought-after retail class, taking up the majority of retail transactions. Their popularity has increased especially in the last year, due to the fact that they remained resilient to the pandemic restrictions,  says Avison Young.
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23
Apr
2021

Eurovea extension in Bratislava receives €116 million loan

by Property Forum
Eurovea 2 obtained one of the largest real estate loans in Slovakia in recent years. Funding in the amount of €116 million will be used for the construction of the extension of the Eurovea shopping centre and the adjacent Pribinova X office building. Construction work by JTRE on both buildings is in full swing. The loan is provided by a syndicate of banks led by Tatra banka, together with Slovenská sporiteľňa and UniCredit Bank. The contract documentation was prepared by Dentons.
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20
Apr
2021

Retail market in Poland attempts to catch its breath

by Property Forum
Between January and March 2021, nearly 93,000 sqm of retail stock was delivered in Poland, a result comparable to the same period last year. The structure of new supply included only two large-scale formats: stand-alone retail warehouses (55% of new space) and retail parks (31%). Convenience centres claimed the remaining 14%. The largest scheme delivered was an Agata Meble store (11,000 sqm) in Jelenia Góra. JLL summarised the conditions on Poland’s retail market at the end of the first quarter of 2021.
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Latest news


New leases

  • 108 Agency Slovakia has secured a lease of 5,300 sqm for RajHračiek in ANTRACIT Park Senec, a built-to-suit project by HSF. RajHračiek is a fast-growing online store offering a wide selection of toy brands for children.
  • Contract Administration as a result of the renegotiation of the lease agreement, remains in the premises of the West Forum complex in Wrocław. The Lessor, represented by TFG Asset Management, was supported in the process by the consulting agency Corees Polska.
  • Uni-logistics, which specializes in sea, rail and air freight forwarding and road transport, has leased 5,825 sqm of warehouse and office space in Panattoni Park Tricity East VI in Poland. Real estate advisory firm Cresa Poland assisted the tenant during negotiations.

New appointments

  • Paweł Suracki joined Colliers as the Investment Services Director. He will be responsible for managing sales and purchasing processes on behalf of Colliers' clients and for establishing and maintaining relationships with potential and current Colliers' partners in Poland.
  • Avison Young has announced a key change to its directors’ team in Budapest with the arrival of Martina Cifer at the helm of its Office Leasing department. In her new capacity, she shall oversee both the company's Landlord and Tenant Representation divisions.
  • Łukasz Czajkowski joins the team of JLL Poland as Business Services Lead in Tenant Representation Department. He will be responsible for enhancing relations with the BSS sector.


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