News - NEPI Rockcastle to spend €3.5 million on Mega Mall food court
22
May
2018

NEPI Rockcastle to spend €3.5 million on Mega Mall food court

by Property Forum
NEPI Rockcastle is investing €3.5 million in refurbishing the food court and entertainment area in Bucharest's Mega Mall shopping centre. The project, designed by Corvin Cristian Studio, targets an area of 10,000 square meters.
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News - Futureal starts construction of Budapest shopping centre
16
May
2018

Futureal starts construction of Budapest shopping centre

by Property Forum
The construction works of Etele Plaza has begun next to the Kelenföld railway station at the western gate of Budapest. As Futureal Group’s latest commercial development, the shopping and entertainment centre with a gross building area of 155,000 square meters will be the biggest of its kind on the Buda side of the city. The mall, combining unique architectural solutions and digital services will feature more fashion brands in one place than any other shopping centre in Hungary.
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News - ECE plans new shopping centre in Budapest
09
May
2018

ECE plans new shopping centre in Budapest

by Property Forum
ECE plans to develop a new shopping centre in Budapest. The project area is located in the North-western part of the Hungarian capital, close to the Danube River, on the site of a former textile factory in the Óbuda district. It is planned to have over 170 shops on three levels and a leasable area of more than 50,000 sqm. Construction start for the project is scheduled for 2019, and the opening is planned for 2021.
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News - Poland’s cinema market has strong growth potential
07
May
2018

Poland’s cinema market has strong growth potential

by Property Forum
Over the last 20 years, the Polish cinema market has maintained strong growth momentum with an average 8.7% y/y increase in ticket sales in 2017 and cinema attendance hitting 56.6 million. Today, there are more than 1,300 screens in nearly 500 cinemas across the country. Multiplexes with two or more screens make up only approximately 25% of all cinemas in Poland but account for 75% of all screens. Most of them (80%) are located in shopping centres. Despite its rapid expansion, this market still has a big growth potential considering saturation levels in Poland and Western Europe.
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News - Immofinanz opens two retail parks in Serbia
27
Apr
2018

Immofinanz opens two retail parks in Serbia

by Import Sys
Immofinanz has opened two further retail parks in its Stop Shop brand. The Stop Shop portfolio has now grown to 72 locations with roughly 500,000 sqm of rentable space in eight countries. The new properties are located in the Serbian cities of Požarevac (7,200 sqm) and Vršac (8,250 sqm). Both locations are 100% rented. The tenants include, among others, LC Waikiki, Reserved, Sinsay, CCC, Deichmann and DM.
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News - €1.7 billion spent on Polish retail assets in Q1 2017
27
Apr
2018

€1.7 billion spent on Polish retail assets in Q1 2017

by Import Sys
During the first quarter of 2018, the Polish retail market witnessed investment transactions totalling over €1.7 billion. This is the largest volume ever recorded in Q1 on the market. JLL summarised Q1 2018 on the retail market in Poland.
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News - CBRE manages CPI Property Group portfolio in Hungary
26
Apr
2018

CBRE manages CPI Property Group portfolio in Hungary

by Import Sys
So far in 2018 CBRE won the management of further 10 properties (industrial and shopping centres and an office building) in Budapest. The Budapest office now manages a 600,000 sqm portfolio in Hungary.
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News - Decathlon to enter Serbia
12
Apr
2018

Decathlon to enter Serbia

by Import Sys
Decathlon, the world's largest sports retailer, is now entering Serbia. Partnering with BIG CEE group, the retailer plans to open its first store in Q2 2019 at Big Fashion Park Belgrade.
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News - Carrefour aims to become more digitised in Poland
11
Apr
2018

Carrefour aims to become more digitised in Poland

by Import Sys
Carrefour Poland presented an overview of the chain’s activities in 2017, the strategical objectives for 2018 as well as the actions that will be undertaken as part of the transformation plan of the Group, called “Carrefour 2022”.
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News - Galeria Mazovia gets certified again
29
Mar
2018

Galeria Mazovia gets certified again

by Import Sys
Galeria Mazovia, a retail asset located in Płock, Poland and owned by the CBRE European Shopping Centre Fund (ESCF), has obtained a BREEAM (Building Research Establishment Assessment Method) rating of ‘Excellent’ in tests conducted in February 2018.
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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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