News - F&B sector set to grow in Bulgaria
27
Jun
2019

F&B sector set to grow in Bulgaria

by Property Forum
The share of food & beverages in modern shopping centres in Sofia is two to three times below the European benchmark, according to the latest report by Colliers International. From 5% a decade ago, it grew to 10-15% of GLA in European cities in present times and is forecasted to reach 20% by 2025. The share of F&B in Sofia shopping centres is about 6% or 20,000 sqm of the total space.
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News - Outlook for Europe’s retail park market remains positive
20
Jun
2019

Outlook for Europe’s retail park market remains positive

by Property Forum
New research from Cushman & Wakefield has revealed European retail park floorspace increased by 2.2% in 2018, reaching a total of 50.1 million sqm, with France and Spain leading the way in terms of new schemes. The report states that 995,000 sqm of new retail park space was completed in Europe last year, down 15% on 2017. A stable development trend is expected going forward, with 1.4 million sqm of new retail park space scheduled for opening in 2019/2020. Nevertheless, quick and easy construction and a growing number of schemes below 5,000 sqm are expected to boost the number of openings.
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News - Primark opens first store in Slovenia
20
Jun
2019

Primark opens first store in Slovenia

by Property Forum
Irish fashion retailer Primark opened its first store in Slovenia at Citypark in Ljubljana. The mall was completely renovated around the popular anchor tenant by Citypark operator SES Spar European Shopping Centers, following a refurbishment investment of €20 million.
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News - Diversification attracts new retailers
13
Jun
2019

Diversification attracts new retailers

by Property Forum
The advance of diversity and solidification of the retail market is creating attractive conditions for the expansion of global brands, according to the experts of JLL Poland. One such example is the decision made by Urban Outfitters to enter the Polish market.
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News - Capitol Park Croatia portfolio to expand to ten locations by 2020
13
Jun
2019

Capitol Park Croatia portfolio to expand to ten locations by 2020

by Property Forum
Following the expansion of its retail real estate portfolio in Serbia this year, UK-based property investor, developer and asset manager Poseidon Group continues to strengthen its Capitol Park network in Southeastern Europe by opening 10 new locations by 2020 in Croatia.
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News - GTC opens first shopping centre in Serbia
30
May
2019

GTC opens first shopping centre in Serbia

by Property Forum
GTC Serbia opened Ada Mall, its first shopping centre in Belgrade, Serbia. It is the only latest-generation shopping centre in the Serbian capital and covers an area of over 34,000 sqm. This extraordinary shopping mall was designed to provide its visitors with a unique Belgradian shopping experience.
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News - EPP and Echo Investment to open new Warsaw shopping centre
02
May
2019

EPP and Echo Investment to open new Warsaw shopping centre

by Property Forum
225,000 sqm of total space, 82,000 sqm of GLA with 76,000 sqm allocated to retail and F&B, 6,000 sqm of office space, over 200 shops and 36 restaurants, the tallest shopfront windows in Poland (over 7 m high), 10 screen multiplex cinema with comfortable, recliner seating, a 200 sqm stage/event area, 2,500 sqm green terrace area, 2,000 parking spaces, 20 coworking spaces – these are some of the numbers which can be used to describe the Galeria Mlociny shopping centre which will open on 23 May.
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News - Poland’s retail market faces changes
25
Apr
2019

Poland’s retail market faces changes

by Property Forum
Developers are revising their strategies. The convenience centre and mixed-use projects segment is growing. 2019 could see 430,000 sqm of new retail space in Poland. JLL summarised conditions on Poland's retail market at the end of Q1 2019.
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News - Ghelamco builds new retail park next to Warsaw
17
Apr
2019

Ghelamco builds new retail park next to Warsaw

by Property Forum
The construction of retail park Prochownia Łomianki (Łomianki Powder House), Ghelamco Poland’s new project located right past the northern border of Warsaw, in Łomianki, has been launched. The space of the building will cover around 5300 sqm. The project is scheduled to be completed in December 2019.
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News - European shopping centre markets are becoming polarised
17
Apr
2019

European shopping centre markets are becoming polarised

by Property Forum
As shopping centre markets reach maturity in most European countries, there will be growing polarisation between successful prime schemes and struggling secondary sites which have to diversify to survive, according to new research from Cushman & Wakefield.
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Latest news


New leases

  • Cordon Electronics, a specialist in electronics and advanced technologies, has renewed its lease agreement at MLP Pruszków II, in the immediate vicinity of Warsaw. The company will continue to occupy a total of 7,770 sqm of modern space, a footprint that includes 458 sqm dedicated to office operations.
  • mBank, the digital banking company in Poland, has decided to relocate its largest corporate branch in Lower Silesia to the Infinity office building in Wrocław. The company will occupy nearly 1,300 sqm on the fourth floor of the building. The tenant will move into the development owned by Avestus Real Estate and Alchemy Properties in January 2027.
  • GSP Global Solutions Provider has further expanded its cooperation with CTP by leasing an additional nearly 7,000 sqm in CTPark Budapest Vecsés on a long-term basis.

New appointments

  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
  • CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.

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