Victoria Ploiesti West Retail Park is planned to be opened in March 2019, according to Activ Property Services, the property’s exclusive agent. The project is a proximity retail park with 2,690 sqm of GLA, including some major tenants such as Mega Image (591 sqm), Pepco (543 sqm) and Zoomania (496 sqm).
For the first time in five years, Hong Kong’s Causeway Bay has replaced New York’s Upper 5th Avenue as the world’s most expensive retail street by rental value, according to data from Cushman & Wakefield. The Czech Republic has made it into the top 20 world’s most expensive retail streets. With rents of €230 per sqm per month, Prague’s Na Příkopě Street is at No. 19, leaping three positions up from the last year
CPI Property Group unveiled its new plans and projects at MAPIC. The Group plans to refurbish the Campona shopping centre in Budapest, extend Královo Pole in Brno and Olympia in Pilsen and remodel the food court in the Ogrody shopping centre in Elblag, Poland.
High retail space saturation will attract new tenants to Poland. It is a hallmark of a mature and stable market where retailers are able to make store turnover and expansion plans a lot more easily, says Szymon Łukasik, Head of Retail at Cresa Poland.
Futureal Group celebrated the launch of its €300 million Etele Plaza’s construction with a foundation stone laying ceremony. Buda's biggest shopping centre is a key element of the group’s property development projects s in Budapest’s 11th district.
Atrium Polska opened the extension of its Atrium Targówek shopping centre in Warsaw. On 25 October, a new fashion alley was opened with 32 shops, introducing 27 new brands to the shopping centre. The food court area has also received a new upgraded look. Following the remodelling, 8,600 sqm of new leasable area was added to bring the total GLA to 60,600 sqm.
Trei Real Estate GmbH is expanding its Polish investment portfolio in the retail sector. The real estate company, part of the German Tengelmann Group, has opened its tenth Polish retail park under the Vendo Park brand in Łódź, its second investment in the city. The total cost of building Vendo Park at Gojawiczynska Street in Łódź was approximately €4.4 million.
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