Spar expands and renovates in Hungary

18
Jun
2021
News - Spar expands and renovates in Hungary #expansion #Hungary #retail #shopping #Spar

by Property Forum | Retail

Retail chain Spar built new supermarkets in a Budapest residential park and in a frequented district of Sopron, and modernised its stores in Mosonmagyaróvár and Szentlőrinc.


"Our company has built the new supermarkets in Budapest and Sopron for more than HUF 830 million and spent nearly HUF 1.1 billion on rebuilding the units in Mosonmagyaróvár and Szentlőrinc. This means we have recently invested more than HUF 1.9 billion in our stores. We fitted our stores with a new design and even richer content, including convenience goods and a wider range of fresh products, as well as with the latest technology. We installed new cash registers and self-service checkouts and also created Spar to Go units where possible. The four investments involved 102 new and existing jobs, which is significant in the current pandemic situation," Márk Maczelka, Head of Communications at Spar Hungary, said.

Spar built a new supermarket for HUF 431 million in the Allure Residence Budapest residential park in Budapest's District 9, which has opened on 13 May. The new store in Sopron has been open to customers since 17 June. Spar Hungary spent more than HUF 406 million on the unit in northwest Sopron, near the local university.

In addition to the construction of new stores, the company has also continued its modernisation programme during the pandemic. The supermarket in Mosonmagyaróvár renovated at a cost of HUF 612 million including a new facade and interior, re-opened on 17 June. The same day, the Spar store in Szentlőrinc, rebuilt for HUF 472 million, also opened its doors again to customers. The supermarket, located in a town in Baranya county near the county seat, employs 24 people.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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