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News Property investments in Romania close to €170 million in H1 2023
12
Jul
2023

Property investments in Romania close to €170 million in H1 2023

by Property Forum
The investment transaction activity in Romania recorded total volumes of close to €170 million in the first half of 2023, which is down by around 50% compared to the same period, but the transactions could reach around €700 million by the end of 2023, according to Colliers data. 
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News Lublin has Poland's most saturated retail market
12
Jul
2023

Lublin has Poland's most saturated retail market

by Property Forum
According to data from Cushman & Wakefield, Lublin is the leading Polish city in terms of retail space saturation for schemes exceeding 5,000 sqm. Its space saturation rate is 1,094 sqm per 1,000 inhabitants compared to 831 sqm for Warsaw – the most mature retail market in Poland. Paradoxically, this does not preclude further growth for developers active in this market. There is still room in the city for traditional retail parks that are developed in alternative locations - frequently on the outskirts – and are anchored by tenants offering convenience shopping geared to the day-to-day needs of inhabitants.
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News CC Real starts €20 million revitalisation of Split asset
06
Jul
2023

CC Real starts €20 million revitalisation of Split asset

by Property Forum
CC Real has commenced its extensive €20 million refurbishment of City Center one Split, due for completion by the end of Q2 2024. Key upgrades will include the creation of a first-of-its-kind entertainment and leisure area for Croatia, lighting and interior design improvements, brand-new outdoor spaces, and measures to reduce energy consumption. More than 7,000 sqm of retail units will be reshaped to improve clustering, and more than 10,000 sqm of premises will be renovated.
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News M Park to replace three former ECHO retail centres
04
Jul
2023

M Park to replace three former ECHO retail centres

by Property Forum
LCP Properties has begun the process of structuring its portfolio with the official launch of the M Park brand. As part of the first stage of the rebranding, LCP has selected 20 out of a total of more than 95 of its existing projects in the country for changes. For three of them, previously operating under the Echo name - in Tarnów, Radom and Piotrków Trybunalski - the process has just been completed. The first stage of image changes within the LCP portfolio will last until the end of this year. 
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News 13 new brands enter the Czech market in H1 2023
29
Jun
2023

13 new brands enter the Czech market in H1 2023

by Property Forum
According to currently available data, 13 new brands have arrived on the Czech retail market in the first six months of this year. Most of them are in the fashion segment (clothes and accessories – seven brands) and culinary concepts (F&B – three brands). The latter are set to dominate the new arrivals this year: at least six F&B brands should come to the country by the end of the year, and other brands already present will open new branches, reports Cushman & Wakefield. 
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News Construction of Ruse’s first retail park progresses
29
Jun
2023

Construction of Ruse’s first retail park progresses

by Property Forum
The first commercial park in northern Bulgaria is being built in Ruse next to the sports hall OZK Arena. There is around nine mоnthѕ left until the opening and some оf thе tеnаntѕ аrе аlrеаdу knоwn, lосаl mеdіа rероrts.
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News Cautious optimism reigns in Poland's retail market
21
Jun
2023

Cautious optimism reigns in Poland's retail market

by Property Forum
According to a new report by JLL, total retail space under construction in Poland totalled 387,000 sqm at the end of Q1, with 69% generated by retail parks. In addition, nearly 94,000 sqm of the first quarter’s total was attributable to shopping centres with the largest projects being the Sukcesja shopping centre in Łódź (currently undergoing renovation), the Bawełnianka shopping centre in Bełchatów (already opened in April), and Galeria Goplana located in Leszno. The convenience retail format had the sector’s smallest percentage share in space under construction.
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News Videolux Holding opens retail park in southwestern Bulgaria
20
Jun
2023

Videolux Holding opens retail park in southwestern Bulgaria

by Property Forum
Bulgarian retail group Videolux Holding has opened a retail park in the city of Pernik following an investment of some €20.45 million, the company announced in a press release,
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News Romania’s retail stock up by 22,000 sqm in Q1 2023
12
Jun
2023

Romania’s retail stock up by 22,000 sqm in Q1 2023

by Property Forum
The total stock of modern retail spaces in Romania reached 4.11 million sqm in the first quarter of 2023 following the delivery of two new retail parks with a combined leasable area of 22,000, according to a report by CBRE. 
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News Metro Bulgaria relaunches franchise network in Bulgaria
08
Jun
2023

Metro Bulgaria relaunches franchise network in Bulgaria

by Property Forum
Metro Bulgaria opened its first renovated franchise site in Bulgaria under the name "My Store". The program is one of the main company projects – a soft franchise model that brings together independent traders under one brand.
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Latest news


New leases

  • Flowserve Hungary Services has leased 2,550 sqm of office space in the Liberty mixed-use building in Budapest. The company will move into this Autumn.
  • DB Logistic has signed a new lease agreement at SEGRO Logistics Park Gliwice. The company has decided to expand occupied space by a third to a total of nearly 5,000 sqm.
  • Low-cost airline flydubai has opened a new office Bucharest-based Eminescu Offices, in a deal brokered by Cushman & Wakefield Echinox.

New appointments

  • Prologis' Warsaw team has gained a new director. As of 1st of April, Marzena Tkaczuk has joined the team of development experts. As Capital Deployment Director, she will be responsible in particular for the implementation of build-to-suit projects.
  • Hagag Development Europe has named Ana-Maria Nemțanu as Leasing Director. She has over 17 years’ worth of experience in the local real estate industry.
  • Emilia Dębowska has been promoted to the position of Head of Sustainability Europe of Panattoni. In her new role, she will be responsible for Panattoni’s integrated sustainable development strategy encompassing both the company’s business goals and the development of its projects in Europe for every country in which the developer is active.

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