ARTICLES LABELLED WITH TAG e-commerce

The 172 million-strong consumer market of the CEE-17 region  should continue to deliver better growth rates and returns than more developed markets in retail and other sectors according to a new report released by Colliers International

CTP welcomes Serbia’s leading electronics retailer, Tehnomanija, to Serbia’s largest industrial park, CTPark Belgrade North. The company has leased a newly built, 20,000 sq, logistics warehouse to support the large-scale expansion of its e-commerce activities.

Retailing is giving way to e-commerce. The pandemic has undoubtedly changed consumer habits, stimulated the development of the online purchasing sector and has underlined new needs in logistics and warehousing. This means that the supply chain will need to be reorganized along with an increase in storage space and moving product location closer to the consumer. As the first warehouse developer in Poland, 7R is rapidly responding to new market realities by offering its tenants facilities of up to 12 meters high. This solution will significantly reduce the costs of storing goods and allow for more efficient use of warehouse space.

The share of internet sales has returned to near pre-pandemic levels. At the same time, Polish customers are more willing than before to turn to convenience shopping in smaller retail formats. JLL summarised conditions on Poland's retail market at the end of Q3 2020.

According to Savills, the impact of the pandemic is set to accelerate online retail penetration by an average of one year and, in turn, drive demand for prime logistics space in Europe.

A new report from Savills indicates that an integrated omnichannel strategy will lead the way as the European retail sector returns to a new normal.

One of Panattoni’s existing customers, Globalway – a supplier of (among others) toys, furniture, sports accessories and interior furnishings produced in China – has decided to lease the whole of Panattoni Park Tricity East IV. This has been made possible thanks to the close cooperation of the developer with the Polish Investment and Trade Agency (PAIH), which is supporting the project by providing investment incentives for Globalway. The 52,000 sqm complex is to be built in the eastern part of Gdańsk, where the tenant will be ready to move in Q1 2021. The leasing deal was brokered by Querco Property.

Polish shopping platform Allegro has leased nearly 16,200 sqm at the Norblin Factory in Warsaw. The tenant was represented during its negotiations with the Capital Park Group by global real estate advisory firm Cresa.

Romanian online retailer eMAG is investing €90 million in a new logistics centre near Bucharest. Construction works for the 130,000 sqm facility will begin this month and completion is scheduled for September next year. By July 2022, all automations and technologies at the centre should be operational.

Ever since shopping centres in Poland were reopened in May, the share of online sales in total retail sales has been falling steadily - it stood at 7.7% in June compared with 9.1% a month earlier and 5-6% before the pandemic. Cushman & Wakefield has summarised Q2 2020 on the Polish retail market.