ARTICLES IN Retail  TOPIC

News CEE retail markets outshine stuttering Western Europe
26
Nov
2024

CEE retail markets outshine stuttering Western Europe

by Property Forum
The disposable income gap between CEE economies, which are enjoying solid economic expansion, and stagnating Western European countries is narrowing fast. This is buoying consumer spending in markets like Poland and Romania and attracting international and regional retailers to large modern shopping centres that dominate the CEE’s shopping and experience landscapes, while also offering higher margins and lower costs, NEPI Rockcastle’s latest research concludes.
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News Romania’s main retail street records 9% rent growth
25
Nov
2024

Romania’s main retail street records 9% rent growth

by Property Forum
Bucharest-based Calea Victoriei, the main retail street in Romania, boasts a prime monthly rental level of €60 per sqm, which was 9% higher compared with last year, according to a Cushman & Wakefield report.
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News Retail parks dominate new openings in Poland
21
Nov
2024

Retail parks dominate new openings in Poland

by Property Forum
In Q3 2024, the Polish retail market expanded by another 116,000 sqm. With average retail vacancy rates in the largest Polish cities falling and tenants posting rising turnover levels, predictions of the imminent decline of shopping centres in Poland have proven premature, says BNP Paribas Real Estate Poland in its latest report.
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News NEPI Rockcastle posts 12.3% growth in net operating income
20
Nov
2024

NEPI Rockcastle posts 12.3% growth in net operating income

by Property Forum
Property group NEPI Rockcastle has posted a 12.3% growth in net operating income to €411 million in the first nine months of 2024 versus the same period of 2023 over higher rents and short-term income. 
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News Crestyl starts work on project in Brno
19
Nov
2024

Crestyl starts work on project in Brno

by Property Forum
Crestyl has fully launched its new Dornych project in the neighbourhood of Brno's main railway station, offering a clinic, hotel, coworking and dozens of restaurants, bars and cafes. At the end of October, the old shopping centre has been closed and is now being cleaned out and is awaiting gradual demolition.
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News Nhood to support international expansion of Spartan Restaurant
19
Nov
2024

Nhood to support international expansion of Spartan Restaurant

by Property Forum
Nhood Services Romania has been selected to support the international expansion of the Romanian restaurant chain Spartan.
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News Polish e-commerce enjoys rapid development
14
Nov
2024

Polish e-commerce enjoys rapid development

by Property Forum
CEE is one of the most promising locations for e-commerce, according to the latest report from Cushman & Wakefield. In addition, data from Cushman & Wakefield shows that Poland accounts for over half of the turnover reported in the CEE region. The growth outlook for the Polish e-commerce sector is even more positive, as logistics costs in Poland - which are strategically important for e-commerce - are 18% lower than in the Czech Republic and 50% lower than in Germany.
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News Romania’s long term retail pipeline reaches 800,000 sqm
07
Nov
2024

Romania’s long term retail pipeline reaches 800,000 sqm

by Property Forum
The retail market in Romania has room for growth, considering that short-to-long term pipeline exceeds 800,000 sqm, consisting of projects under construction or in different permitting stages, which are due to be completed by the end of the decade. 
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News Square 7 Properties and Mitiska REIM complete €19 million retail park in Pitești
04
Nov
2024

Square 7 Properties and Mitiska REIM complete €19 million retail park in Pitești

by Property Forum
Square 7 Properties and Mitiska REIM have inaugurated Pitești Shopping Park, a new shopping center located in the northern area of Pitești, following an investment of €19 million.
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News WOOD & Co opens shopping centre extension in Bratislava
30
Oct
2024

WOOD & Co opens shopping centre extension in Bratislava

by Property Forum
WOOD & Company has announced the completion of the acquisition process of the Aupark Bratislava shopping centre. At the same time, it has invested in its expansion with the public opening last week.
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Latest news


New leases

  • Croda Poland, a company that supplies specialty chemicals for the production of pharmaceuticals, cosmetics, household chemicals and crop protection products, will lease more than 510 sqm in the Unity Square One building. JLL was responsible for both tenant and landlord representation in the transaction process.
  • Angelini Pharma Polska, one of the leaders of the pharmaceutical market in Poland, has once again extended its lease agreement for warehouse and office space in MLP Pruszków I. The tenant has been using approximately 1,5000 sqm of space in this logistics centre for 21 years. This makes Angelini Pharma Polska one of the longest-cooperating tenants of MLP Group.
  • Kärcher, a supplier of professional cleaning equipment, has chosen the second phase of LogiCube Park for its new 1,000 sqm service and logistics center in Hungary. Additionally, MedRes, a company operating in the healthcare sector, has begun moving in and will soon commence production in the same project. The leasing was overseen by 108 Real Estate, the strategic partner of the park’s investor.

New appointments

  • 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.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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