A company from Chariot platform, managed by Griffin Real Estate, a private equity investor operating in the real estate sector, signed an agreement with Auchan Poland to extend the lease of its six retail properties totalling 83,000 sqm. The lease agreement was signed for a period of over 12 years. The transaction is certainly one of the largest retail leases that has been closed in Poland.

The modern retail stock in Romania, consisting of shopping centres, retail parks and commercial galleries with a leasable area of ​​at least 5,000 square meters, has reached 3.96 million square meters and will exceed the 4 million sqm threshold until the end of the year, according to Cushman & Wakefield Echinox.

According to data from the Polish Council of Shopping Centers, footfall in shopping malls range from 62 to 73% when compared to last year’s numbers. The pandemic has changed the habits of Poles who are planning their shopping in a more thoughtful, cautious and safe way. In the new reality, small-format shops located close to home are attracting more visitors. By the end of May and after negotiations between owners and tenants had been completed, almost all shops in retail parks were operating. Some of these shops are now recording a turnover of 160% of pre-lockdown levels.

The drop in footfall numbers in the majority of shopping centres combined with a drop in turnover, as well as ongoing talks between tenants and shopping centre owners have caused a slowdown or even temporary suspension of development plans of some retail chains, especially those in the fashion sector. JLL summarised conditions on Poland's retail market at the end of H1 2020.

The opening of Colosseum Mall in Bucharest, initially planned for the end of 2020, has been rescheduled for 2021, considering the unpredictability of the business environment under the impact of COVID-19 pandemic.

20 years after opening its first shopping mall in Iași, Iulius is launching a new retail concept. Family Market is a concept that addresses the expectations and needs of people living in expanding residential areas. The first project of this type is proposed for Miroslava commune in Iași County and entails an investment upwards of €6 million.

Cushman & Wakefield’s reports on the Chinese market have shed light on how the retail sector and consumers responded to challenges facing them in the new reality. What lessons should the Polish retail sector learn from them? Daniel Stańczuk, Marketing & PR Senior Communications Specialist, Asset Services, at Cushman & Wakefield wrote about trends on the Polish market and ways of tailoring strategies to the new reality.

Supernova Group has opened its fifteenth shopping centre in Croatia in the town of Požega, following an investment of €16 million. The 11,000 sqm retail park includes 16 stores and a restaurant.

Shopping centres in Romania have reopened on June 15. In total, investments in all equipment, supplies and staff needed to ensure compliance with the safety and social distancing measures that are still needed to prevent the spread of coronavirus. exceed €500,000 for large shopping centres, according to Colliers International consultants. Shoppers will gradually resume their pre-pandemic habits and traffic in the malls could return to normal during the Christmas season.

Aviv Park Zrenjanin, a 25,000 sqm open-air shopping centre in the Vojvodina region of Serbia, has officially started operating under the management of BIG Shopping Centers. The new operator acquired the building earlier this year.