ARTICLES IN Retail  TOPIC

News Bulgarian retail market continues to grow
23
Jul
2016

Bulgarian retail market continues to grow

by Ákos Budai
The latest Colliers report reveals a stable retail property market in Bulgaria during the first half of 2016. Modern shopping centers in Sofia retained the absorption levels from the previous period – nearly 15,000 sqm of leasable space, compared to 16,370 sqm in the second half of 2015. In well-established projects enjoying active demand, this equals to an average share of 4% from the GLA. 
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News Mitiska REIM exceeds target with second closing
22
Jul
2016

Mitiska REIM exceeds target with second closing

by Ákos Budai
Mitiska REIM, an investor specialised in European retail parks, has tannounced the successful second closing of its First Retail International 2 Fund (FRI 2) close to €190 million, significantly exceeding its original target of €120 to 150 million.  Allowing for gearing of 50%, the Fund’s gross investment capability is now close to €400 million.
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News Delta Holding announces plans to expand in Bosnia-Herzegovina
21
Jul
2016

Delta Holding announces plans to expand in Bosnia-Herzegovina

by Ákos Budai
Delta Holding, a Serbian real estate investor, has announced that next year it will begin building a shopping mall in Banja Luka, the largest investment in the Republic Srpska region of Bosnia-Herzegovina.
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News HB Reavis to join new development project in Bratislava
13
Jul
2016

HB Reavis to join new development project in Bratislava

by Ákos Budai
Award-winning UK architecture practice Make Architects has been appointed to design a state-of-the-art office building in Bratislava’s Central Business District. HB Reavis has been chosen as the development manager of the new mixed-use scheme which will be developed on the site of the current Apollo Business Centre I.
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News Echo Investment launches new project in Katowice
07
Jul
2016

Echo Investment launches new project in Katowice

by Ákos Budai
Echo Investment has obtained a building permit for the construction of Galeria Libero, which is to be built on Kościuszki Street in the southern part of Katowice. The investor also concluded a contract with the city authorities concerning the road layout around the facility.
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News Immofinanz expands in Poland
30
Jun
2016

Immofinanz expands in Poland

by Ákos Budai
Immofinanz is continuing the expansion of its STOP SHOP retail park chain at a fast pace: the 57th location was opened today in the Polish city of Szczytno. After Niš in Serbia and Świnoujście in Poland, this represents the third project completion in two months and the next locations have already been identified. A STOP SHOP will open in the Serbian city of Valjevo during early autumn, and in Poland preparations are underway for retail parks in Pultusk and Gdynia. These projects will raise the total number of STOP SHOPs to 60.
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News Váci 1 building opens in Budapest
02
Jun
2016

Váci 1 building opens in Budapest

by Ákos Budai
Horizon Development’s re-conceptualized historic building Váci 1 in Downtown Budapest has fully opened. The 13,750 sqm UNESCO World Heritage listed neo-classicist palace - constructed between 1911 and 1915 - is home to the newest flagship store of H&M.
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News Retail parks in Poland - A good investment?
19
May
2016

Retail parks in Poland - A good investment?

by Ákos Budai
The total stock of retail parks in Poland totals 1 million sqm GLA (approximately 90 commercial facilities). The 250,000 sqm GLA of retail parks are located in cities of up to 100,000 inhabitants. Retail parks play the role of everyday shopping centres in the small cities. The volume of transactions of retail parks in the cities from 2010 to 2015 amounted to EUR 82 million. It constitutes 30% of the general number of retail project transactions in these locations – according to the report “Small cities, big shopping?” which was created in cooperation of international advisory company Colliers International and global research company GfK.
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News C&W signs two property management deals in Poland
13
May
2016

C&W signs two property management deals in Poland

by Ákos Budai
Cushman & Wakefield announced that now it is the property manager of Union Investment’s two retail properties in Poland: Sarni Stok and Ferio Konin shopping centres.
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News Investors focus on retail in the Czech Republic
18
Apr
2016

Investors focus on retail in the Czech Republic

by Ákos Budai
According to a study by JLL called Destination Europe 2015, Prague has been ranked as the 14th most attractive market in EMEA for the expansion of international and luxury retailers. This reflects the strong purchasing power of the Prague and Czech citizens, as well as its massive volume of tourists. According to TripAdvisor’s Top 10 Global City Destinations 2016, the City of Prague ranks in 4th position in the Europe. Prague’s flourishing retail market has been on property investors´ radar over the past few years and the purchase of Palladium, a prime shopping centre in the very heart of Prague, was one of the largest transactions closed on the Czech real estate market last year.         
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Latest news


New leases

  • Flowserve Hungary Services has leased 2,550 sqm of office space in the Liberty mixed-use building in Budapest. The company will move into this Autumn.
  • DB Logistic has signed a new lease agreement at SEGRO Logistics Park Gliwice. The company has decided to expand occupied space by a third to a total of nearly 5,000 sqm.
  • Low-cost airline flydubai has opened a new office Bucharest-based Eminescu Offices, in a deal brokered by Cushman & Wakefield Echinox.

New appointments

  • Prologis' Warsaw team has gained a new director. As of 1st of April, Marzena Tkaczuk has joined the team of development experts. As Capital Deployment Director, she will be responsible in particular for the implementation of build-to-suit projects.
  • Hagag Development Europe has named Ana-Maria Nemțanu as Leasing Director. She has over 17 years’ worth of experience in the local real estate industry.
  • Emilia Dębowska has been promoted to the position of Head of Sustainability Europe of Panattoni. In her new role, she will be responsible for Panattoni’s integrated sustainable development strategy encompassing both the company’s business goals and the development of its projects in Europe for every country in which the developer is active.

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