ARTICLES LABELLED WITH TAG high street

Empik in Cepelia, Decathlon City in the International Business Center, Bulgari, Luca, Carhartt and Le Szapo. Do the leases signed in Warsaw in recent months herald a high-street revival in Warsaw and beyond? High shopping centre density rates and shrinking retail availability bode well for it. In addition, Cushman & Wakefield notes that the Polish retail market is now going through a very interesting period of growth, with many tenants increasingly focusing on location diversification as new retail concepts and formats are emerging. This means that there is a real chance of a revival of high-street retail.

Palača Pošta, a unique high street commercial building in Ljubljana, Slovenia has become available for rent. The owner, Pošta Slovenije, who has been the sole user of the building until now, has retained KF Finance, to act as their exclusive real estate broker for leasing. KF Finance is the leading financial advisory company in the region, with a team of 50 finance professionals in offices in Ljubljana, Zagreb and Belgrade, offering clients a comprehensive range of financial advisory services.

In the 11 shopping streets under the umbrella of the Shopping Street Management (BUM), some 90% of businesses survived the coronavirus pandemic, and the number of stores for sale or rent is decreasing in more and more places, BUM told Hungarian news wire MTI based on its survey carried out at the beginning of May.

Because of the pandemic, a significant number of Polish consumers are increasingly turning to smaller stores, which are located outside traditional shopping centres. Is this an opportunity for high street shop owners, answer the experts from JLL advisory agency

Mint Investments acquired one of the most prominent buildings in Na Příkopě Street in Prague for its private investors. Mint Investments acted in the transaction as an investment advisor and asset manager supported by Sentient as a technical advisor. The acquisition was debt-financed by Česká spořitelna. The seller was represented in the transaction by CBRE. Mint Investments now plans a major investment in the building's technical equipment which will allow it to execute its value-add programme.

What is Warsaw residents' favourite shopping destination? Shopping centres. In this regard, the residents of Poland's capital differ from the residents of Madrid, Paris or Berlin, who prefer to visit stores located on their respective high streets. However, according to a new report by JLL, with the maturing shopping centre market, the popularity of high streets is increasing as well. As a consequence, high streets have a chance to come back into favour as alternative locations and diversify the expansion strategies of retailers.

AEW has acquired two historic, mixed-use properties on Andrássy Avenue in Budapest, on behalf of a German separate account.

Immofinanz has purchased the remaining 50% of the Na Příkopě 14 building in Prague from Lordship and become the sole owner. The revitalised historic prime high street building, located on the prestigious Prague shopping street in the city centre, is almost 100% occupied. The parties to this transaction have agreed not to disclose the purchase price.

AEW’s Europe City Retail Fund has acquired a 3,000 sqm mixed-use building in the centre of Budapest for around €18 million. The sellers of the high street building were the Pallas Athéné Foundations, created by the Central Bank of Hungary.

JLL and the city of Warsaw will begin a cooperation to establish a development strategy for downtown trade, highlighting places with the greatest potential for creating new shopping locations as well as increasing the attractiveness of high streets for both potential tenants and customers. JLL already has a similar experience in this field - experts from the company are responsible for management of the Regent Street in London.