There are currently 192 retail parks in the Czech Republic, moreover 66 retail parks, totalling approximately area of 300 000 sqm, are planned to be constructed. The existing parks account for more than 790 000 sqm of retail space, 752 000 sqm of which is occupied. Hence the vacancy rate stands at 4,8% and is lower than in the previous years. These are the findings of Cushman & Wakefield’s recent detailed market research. The survey results are summed up in a map that is just being released. The map includes all existing and planned retail parks in the Czech Republic. 

The rapid growth of e-commerce is unlikely to put an end to existence of physical stores. Both online and offline platforms will co-exist, becoming increasingly intertwined. However, in-store technology innovations will change shopper behaviours in shopping centres. These are the key findings revealed in the Retail Revolutions report by Savills.

The European Bank for Reconstruction and Development (EBRD) is participating in the acquisition of Żabka, one of Poland’s leading food retailers, with an equity investment of up to €25 million.

Extensions to established shopping centres will be a significant driver of new floor space across Europe in the next two years, according to Cushman & Wakefield’s latest European Shopping Centre Development Report. 4.5 million sqm is expected to be delivered in 2017 and 2.3 million sqm in 2018. One-quarter of that will be attributable to the extensions of the existing shopping centres. In the Czech Republic extensions will make as much as 80%. 

"The aggregate value of the investment involving several different investors is estimated at €150 million", said Marcus Wild, CEO of SES Spar European Shopping Centers, which will manage and own the newest shopping centre in Slovenia. This will grow in Šiška, the most densely populated district of Ljubljana, by the autumn of 2019. The construction work is already starting in June 2017.

According to a summary of Q1 2017 results, NEPI made progress with planning and permitting for several developments and extensions, including those in Galati, Novi Sad and Ramnicu Valcea. Further to the receipt of certain approvals, Victoriei Office in Bucharest is expected to receive permitting for the internal fit-out during the next quarter, enabling tenants to start operations in the fourth quarter of 2017. Zoning and permitting for the Promenada Mall extension continue to experience delays. 

After acquiring the Campona and Pólus shopping centres in Budapest, CPI Property Group has again entrusted CBRE to manage its new properties. CBRE has also been selected as the exclusive leasing agency for the two malls.

Cushman & Wakefield has been appointed by CPI Property Group to continue as a property manager of two major shopping centers and one multifunctional complex in Central and Eastern Europe which have been recently acquired from CBRE Global Investors.

14 outlet centres operating in Poland eye the increasing competition which will force numerous of them to undergo qualitative changes, enhance their offer and improve operational performance. Along with increasing wealth of Polish consumers, the premium offer will grow in outlet centres, according to new report “Bargain hunting. Potential of outlet centres in Poland” released by Colliers International and IQS.

Colliers has been appointed by FID Group as the Property Manager of Slovanský Dům and by B.H.Centrum a.s. as the Property Manager of Millennium which forms part of the complex including the Marriott Hotel. Both buildings are prime mixed-use properties situated in the heart of Prague’s CBD.