ARTICLES IN Retail TOPIC

25
Oct
2018

Diófa reopens Budapest shopping centre

by Property Forum
Diófa Asset Management, on behalf of its Magyar Posta Takarék Real Estate Fund, has reopened the Shopmark shopping centre in the southern part of Budapest. The complete overhaul the 24,000 sqm building was started in February by KÉSZ Építő Zrt.
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25
Oct
2018

Ikea postpones opening of second Bucharest store

by Property Forum
Ikea has postponed the opening of its €80 million second store in Bucharest for next year. The opening of the store in Eastern Bucharest was initially scheduled for the end of this summer.
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25
Oct
2018

New shopping centre to open in Plovdiv

by Property Forum
Bulgarian shopping mall Plovdiv Plaza will reopen its doors in November following an extensive renovation. The shopping centre will have a total retail area of 35,000 sqm.
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25
Oct
2018

NEPI Rockastle to open Shopping City Satu Mare soon

by Property Forum
NEPI Rockcastle announced that it will open Shopping City Satu Mare, its 18th shopping centre in Romania, on 6 December. The two-storey shopping centre will offer 29,000 sqm of leasable space, following an investment of over €40 million.
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19
Oct
2018

MPC and Atterbury launch €110 million Belgrade retail project

by Property Forum
Deputy Mayor of Belgrade, Goran Vesić and CEO of MPC Properties Ingo Nissen have officially laid down a foundation stone at the construction site of a new shopping centre in Belgrade with over 43,000 sqm of sales space and a total built area of 130,000 sqm. The project is a joint venture of MPC Properties, the largest investor in the region of South-East Europe and Atterbury Europe, focused on shopping centre investments and retail development opportunities in Europe, which will collectively invest more than €110 million in this project.
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18
Oct
2018

CEC Bank finances Bucharest mall’s expansion

by Property Forum
CEC Bank and Veranda Mall have signed two financing agreements totalling €34 million, aiming to refinance the development of the project and finance the expansion and modernisation of the shopping centre. Both funding rounds were provided in the form of investment credits for a period of 15 years.
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18
Oct
2018

Influx of new brands on Poland’s retail market

by Property Forum
Since the beginning of the year, more than €2.1 billion has been invested in Polish retail assets. JLL Poland summarised the situation on the local retail market at the end of Q3 2018.
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15
Oct
2018

Romanian developer to expand Bacău shopping mall

by Property Forum
Arena Mall shopping centre in Bacau, a reference for the retail market in the Moldova region, will enter into a comprehensive extension and modernization process that will result in a 60% increase of its leasable area and in the construction of a multi-storey car park.
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11
Oct
2018

E-commerce won’t kill off retail in the CEE region

by Property Forum
There is room for online and conventional channel retail to continue co-existing side by side in the short to medium term in the CEE-6 markets, according to Colliers International. The solid further €71.5 billion expansion of retail sales out to 2022, 4.9% growth per annum overall, creates enough evolutionary room for multiple concepts to continue thriving. Conservative growth scenario sees e-commerce in CEE-6 expanding 8.8% per annum from a baseline of €13.1 billion to €20 billion.
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04
Oct
2018

Ikea to build €50 million retail park in Belgrade

by Property Forum
Ikea intends to complete the construction of a €50 million retail park in Belgrade by the end of 2020, the company’s CEO for SEE, Stefan Vanoverbeke said.
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