The European luxury retail market has been thriving, with 83 new luxury stores opening in 2024 across 20 key shopping streets in 16 cities and 12 countries, according to Cushman & Wakefield’s latest insights.
UBM Development Czechia has launched the sale of apartments in the new Rezidence Na Plzeňce project, which will be built close to Smíchov Railway Station in Prague.
The Czech communication group Knowlimits has moved to the office space in Karlín in Prague previously used as the Economia publishing house headquarters.
More than €1 billion worth of commercial properties were already transacted in Q1 2025 in the Czech Republic, representing a 180% increase compared to the same period last year, according to Savills.
Since the beginning of March, UDI Group has started demolishing industrial buildings on the Svitavské riverbank in Brno. In their place, the developer is planning to build the Urban Park residential project.
VGP has achieved full occupancy in VGP Park Ústí nad Labem City by leasing the remaining 18,800 sqm of warehouse and operational space in halls B and C.
Auchan will open a new 7,000 sqm hypermarket at the end of next year in Sun Plaza, the shopping mall owned by CPI Romania. This move is part of a broader strategy to reposition Sun Plaza, which will undergo a phased modernization process starting in June. The space was previously leased by Carrefour.
A new flagship Stay Fit Gym centre will open this summer in the Palas mixed-use complex, owned by Iulius in the center of Iași. The chain currently includes 52 locations and boasts over 60,000 active members.
CCC, a chain of footwear and clothing shops, has opened a two-storey shop of over 1,600 sqm in Warsaw's Promenada gallery
New appointments
CBRE Romania has announced the promotion of Ramona Hîrnea to the role of Head of Investor Retail Leasing for its national operations. With over 22 years of experience in commercial space leasing, Ramona brings a comprehensive perspective on the retail market, gained both from her position as a consultant for property owners and as a representative of tenants.
Marcin Janik has taken up the position of head of the southern Poland region at CBRE. He will be responsible for Silesia, Małopolska and the previously serviced Wrocław.
GTC Group has appointed Miklos Egri as Chief Operating Officer. The new manager will be responsible for the company's day-to-day operational and administrative management in the Central and Eastern European markets.
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