ARTICLES IN Retail  TOPIC

News Budapest mall appoints C&W as property manager
23
Nov
2016

Budapest mall appoints C&W as property manager

by Ákos Budai
As of November 1 2016, Cushman & Wakefield has been appointed to undertake property management and leasing services at Mammut Shopping and Entertainment Centre in Budapest. The over 104 000 sqm, Mammut Shopping and Entertainment Centre,comprising two phases, is the largest shopping centre in Buda, with over 350 units and parking premises. The first phase, Mammut I. was handed over in 1998, the second phase, Mammut II. was delivered in 2001. 
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News HB Reavis opens shopping centre in the Czech Republic
17
Nov
2016

HB Reavis opens shopping centre in the Czech Republic

by Ákos Budai
HB Reavis has officially opened the Czech Republic’s first Aupark in Hradec Kralove. The 21,000 sqm shopping centre brings 120 stores, new international brands, a large food court and various service and entertainment units to the city.
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News Vacancy increases in Sofia shopping centres
11
Nov
2016

Vacancy increases in Sofia shopping centres

by Ákos Budai
Large leases and the rebranding of City Center Sofia marked the Bulgarian retail property market in the third quarter. The demand for prime space remained strong fuelled by the increasing consumption in the main cities, while the supply didn’t change. Fashion and shoes, as well as health & beauty were the most rapidly growing categories in terms of new stores. The FMCG sector was driven mainly by the appetite of the fast growing retailers to occupy the niche vacated with the exit of Carrefour and Penny Market, as well as the reorganisation of Piccadilly. Forton has published its Bulgaria retail market snapshot for Q3 2016.
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News Immofinanz starts retail development in Poland
25
Oct
2016

Immofinanz starts retail development in Poland

by Ákos Budai
Immofinanz will soon start construction on a further shopping centre under its VIVO! brand in the Polish city of Krosno. The new shopping centre will have approx. 21,000 sqm of rentable space for more than 60 shops. Pre-rentals are successfully underway, with the future tenants including H&M, Media Markt and Helios Cinema. The investment costs will total approx. €34 million, and the opening is planned for the fourth quarter of 2017. The VIVO! Krosno will be the third VIVO! shopping centre in Poland. 
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News Galeria Metropolia opens in Gdańsk
25
Oct
2016

Galeria Metropolia opens in Gdańsk

by Ákos Budai
Galeria Metropolia in Gdańsk-Wrzeszcz was officially opened on 22 October 2016. Przedsiębiorstwo Budowlane Górski is the investor of the shoping centre, whilst Cushman & Wakefield is responsible for its commercialization.
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News No room for new entrants on the Czech retail market
21
Oct
2016

No room for new entrants on the Czech retail market

by Ákos Budai
Only two shopping centres will be completed in 2016 in the Czech Republic due to the slow-down of construction activity in response to the perceived market saturation. Colliers International has released its Q3 retail market report for the Czech Republic, which also states that there are signs of new entrant demand which do not match suitable space availability. 
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News Poland’s retail market is set to have a strong fourth quarter
17
Oct
2016

Poland’s retail market is set to have a strong fourth quarter

by Ákos Budai
After a calm Q3, the Polish retail market is set to pick up momentum. In Q4 developers may deliver up to 276,000 sqm of modern shopping centre space. JLL has published its Q3 2016 report on Poland's retail market.
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News Galeria Metropolia secures new tenants
17
Oct
2016

Galeria Metropolia secures new tenants

by Ákos Budai
The commercialization of Gdańsk’s Galeria Metropolia, which is scheduled to open on 22-23 October, is nearing completion. Fourteen new tenants include fashion stores, cafés and services. Cushman & Wakefield  acted as the agent on the lease agreements.
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News Shoppers go for luxury brands in Prague
13
Oct
2016

Shoppers go for luxury brands in Prague

by Ákos Budai
According to the latest report by JLL, High Street Retail in Prague 2016/2017, the Czech capital is the most attractive destination for expansion of international retailers in CEE and is being considered as the gate when entering this region. Demand for quality space on Prague’s high streets, Pařížská and Na Příkopě, is outstripping supply which is reflected in the current rent rate of up to €190/sqm/month for a notional unit of 100 sqm in a prime location.
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News Retailers go for high-street in Budapest
10
Oct
2016

Retailers go for high-street in Budapest

by Ákos Budai
Hungarian retail sales and turnover continue to show healthy growth, buoyed by the abolition of the Sunday closing law after barely one year in effect. Retailer demand is unbroken but remains pressed by the lack of available supply resulting in upward pressure on rents. Fashion retailers remained the most active in H1 2016, followed by the footwear and F&B segments which both expanded significantly, according to the latest Retail Market View published by CBRE.
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Latest news


New leases

  • RSM Poland, the audit, accounting, and consulting firm, will open a new office in GTC's Francuska Office Centre complex in Katowice. Brookfield Partners advised on the 800-square-meter lease.
  • Himalaya, the mountain, outdoor, and sports equipment and apparel brand, is set to open its first store outside the capital at RIVUS Cluj-Napoca, the mixed-use project developed by Iulius and Atterbury Europe.
  • Nardo Trading has signed a 3,000 sqm lease with Villar Logistic Parks at km 13, Bucharest. This lease is part of the first 20,000 sqm phase of the park that is already operational. The transaction was brokered by iO Partners.

New appointments

  • Former Taylor Wessing Counsel and Head of Real Estate Peter Malovec has joined CTP Slovakia as its new Head of Legal.
  • Matexi Polska is strengthening its management structure. Jesika Mackiewicz has joined the management boards of companies implementing residential projects in Warsaw. This manager, with over 10 years of experience in the real estate industry, will support Matexi Polska's continued growth in the capital market.
  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.

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