ARTICLES IN Retail  TOPIC

News Retail vacancy in Poland is shrinking
11
Oct
2023

Retail vacancy in Poland is shrinking

by Property Forum
Cushman & Wakefield has released a summary of retail market conditions in Poland. Approximately 200,000 sqm is likely to be added to the market by the end of this year. Most of that total will be delivered in retail parks that account for 77% of the development pipeline, which will be consistent with the trend seen in recent years. Rental rates are on an upward year-on-year trajectory while the average vacancy rate in the largest Polish cities has dipped by 1.2 pp year-on-year. 
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News NEPI Rockcastle opens €136 million mall in Craiova
05
Oct
2023

NEPI Rockcastle opens €136 million mall in Craiova

by Property Forum
NEPI Rockcastle has officially opened its €136 million Promenada Craiova shopping centre in central southern Romania. 
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News SES to refurbish Zagreb shopping centre in 2024
26
Sep
2023

SES to refurbish Zagreb shopping centre in 2024

by Property Forum
SES is refurbishing the King Cross shopping centre in Zagreb, Croatia which it has owned and managed since 2018. Construction work to completely refurbish the centre will begin in 2024 following an investment of approximately €40 million. Completion is scheduled for autumn 2025.
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News Kaufland opens largest timber store in Slovakia
22
Sep
2023

Kaufland opens largest timber store in Slovakia

by Property Forum
Kaufland intends to significantly reduce CO2 emissions in the future in the construction of new stores. Therefore, the retailer is currently testing various alternatives to materials such as concrete and steel at pilot locations. In Bratislava, the company is opening the largest timber store in Slovakia. In Tuttlingen, Baden-Württemberg, a store is being built using recycled building materials including items such as walls, the facade, and the parking lot.
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News Polish retail vacancy rates fall
21
Sep
2023

Polish retail vacancy rates fall

by Property Forum
According to the latest data from Cushman & Wakefield, the average retail vacancy rate in Poland’s largest cities currently stands at 3.5%, down by 1.2 pp year-on-year. More importantly, falls were recorded in six out of the eight largest cities, with the availability of retail space at the lowest in Kraków, Łódź and Szczecin. This suggests a gradual retail recovery in Poland, says Cushman & Wakefield. Meanwhile, as the market continues to stabilize, retail landlords should increasingly turn their focus onto diversifying their offer.
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News Złote Tarasy attracts more new tenants to Warsaw
19
Sep
2023

Złote Tarasy attracts more new tenants to Warsaw

by Property Forum
Popeyes is to open its first Warsaw restaurant in Złote Tarasy on 21 September. The fast food chain from Louisiana is the seventh new tenant to come to Złote Tarasy in 2023 after such brands as LUSH, Candy Pop, and Hugo. Cushman & Wakefield, which is responsible for the re-commercialisation and property management for the scheme, expects to see more international debuts in Złote Tarasy later this year.
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News AFI Europe gets LEED Gold certification for Bucharest mall
05
Sep
2023

AFI Europe gets LEED Gold certification for Bucharest mall

by Property Forum
Real estate developer AFI Europe has obtained the LEED v4.1 O+M certification for its AFI Cotroceni mall in Bucharest. The company was assisted by Colliers in obtaining the green certification. 
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News Focus Estate Fund to switch to solar energy
04
Sep
2023

Focus Estate Fund to switch to solar energy

by Property Forum
Focus Estate Fund plans to convert its entire shopping centre portfolio to solar-powered facilities. The first initiative was inaugurated with the installation of solar panels at Galeria Awangarda in Bartoszyce.
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News Prime Kapital opens new mall in Alba Iulia
01
Sep
2023

Prime Kapital opens new mall in Alba Iulia

by Property Forum
Prime Kapital has inaugurated Carolina Mall in Alba Iulia following an investment of around €47 million. The mall has a leasable area of over 33,100 sqm and hosts 70 stores. 
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News SES invests €5.5 million in generating its own power in Slovenia
30
Aug
2023

SES invests €5.5 million in generating its own power in Slovenia

by Property Forum
The number of photovoltaic surfaces installed on SES shopping malls is constantly increasing. This year, SES has invested in the construction of photovoltaic systems in the five Slovenian shopping centres, namely Aleja, Citypark and Center Vič in Ljubljana, Citycenter Celje and Europark Maribor. The systems, boasting a total output of 4,300 kilowatts, have been in operation since July and August. They cover around one-fifth of the centres’ electricity requirement with a 1,200-ton saving in terms of CO2 emissions. The SES climate objective to fit photovoltaic systems on at least 50 percent of its available mall roof surfaces by 2040 has therefore already been achieved or exceeded to a significant extent in Slovenia. SES is currently operating four photovoltaic systems in Austria. An additional three locations are scheduled to be equipped with these systems by the end of the year.
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Latest news


New leases

  • DP World has signed a 10-year lease for 700 sqm of office space in One Cotroceni Park, in a deal brokered by CBRE.
  • Xtreme Fitness Gyms joins the group of service sector tenants who have signed a contract at the retail park under development by Redkom Development in Bielsko-Biała. The gym and fitness club will occupy an area of over 800 sqm.
  • In Warsaw's Norblin Factory, the only stationary Answear.com concept store in Europe started its activity. On the area of 2,000 sqm, the customers will find an offer of premium fashion brands, which so far were available only online.

New appointments

  • STERENN, a consultancy firm specializing in hospitality market entry and real estate asset sourcing, proudly announces the addition of Bryan Wilson to its Advisory Board. Bryan Wilson brings a wealth of expertise in real estate transactions, particularly within the hospitality sector. He co-founded Wilsons, a prominent law firm in Prague, and is a UK-registered lawyer and now heads up the CEE region for DUAL Asset, transactional risk insurers.
  • MLP Group’s management team has added new members - Katarzyna Misztal (Leasing Manager), Paweł Reszczyński (Senior Land Acquisition Manager), Zuzanna Pukaluk , Mateusz Sobczak (both a Project Managers) and Szymon Grochowski ( Land Acquisition Manager). In their new roles, they will be entrusted with land acquisition and preparation for upcoming projects, oversight over construction and project work, space commercialisation and tenant relationships.
  • Zuzanna Paciorkiewicz, PhD, has been appointed as Head of Asset Services CEE at Cushman & Wakefield following her tenure as Co-Head with Ondřej Fukal.

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