News Traditional retailing is here to stay

Traditional retailing is here to stay

by Ákos Budai
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.
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News Retail developers go for regional cities in Romania

Retail developers go for regional cities in Romania

by Ákos Budai
The Romanian retail market continued to expand in 2016 with total stock reaching 1.22 million sqm in Bucharest and 2.3 million sqm in regional cities. For 2017 no major retail project is scheduled for completion in the capital, while 130,000 sqm are expected to be delivered in regional cities. DTZ Echinox Romania published its retail reports for 2016.
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News Plaza Centers completes sale of Suwałki Plaza

Plaza Centers completes sale of Suwałki Plaza

by Ákos Budai
One of the subsidiaries of Plaza Centers has completed the sale of Suwałki Plaza shopping and entertainment centre in Poland to an investment fund for €42.3 million, which is in line with the last reported book value, the company reports.
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News C&W manages one more Czech shopping centre

C&W manages one more Czech shopping centre

by Ákos Budai
With effect from this January, Cushman & Wakefield is the manager of both shopping centres in Mladá Boleslav. Both Olympia Mladá Boleslav, which Cushman & Wakefield has been managing since 2015, and Bondy shopping centre are now under the management of one company. CPI Property Group owns both centres.
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News Rockcastle completes acquisition of Olsztyn mall

Rockcastle completes acquisition of Olsztyn mall

by Ákos Budai
As announced in October 2016, Rockcastle concluded a preliminary agreement to acquire Galeria Warmińska shopping centre in the city of Olsztyn in Poland from Galeria Warmińska Spółka z Ograniczoną Odpowiedzialnością Spółka Komandytowa. All conditions precedent have been met and the transaction was concluded effective as of 15 December 2016.
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News Retailers go for high-street in Budapest

Retailers go for high-street in Budapest

by Ákos Budai
Hungarian retail sales and turnover continue to show healthy growth, buoyed by the abolition of the Sunday closing law after barely one year in effect. Retailer demand is unbroken but remains pressed by the lack of available supply resulting in upward pressure on rents. Fashion retailers remained the most active in H1 2016, followed by the footwear and F&B segments which both expanded significantly, according to the latest Retail Market View published by CBRE.
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Latest news

New leases

  • Less than four months after deciding to enter Panattoni Park Tricity East I, Chemart International Trader has decided to expand and occupy an additional 3,000 sqm. The company was represented in the negotitions by Axi Immo.
  • Newgate Investment has signed lease agreements for two Polish premises with a total area of around 1,200 sq m, previously leased by Neonet. A Rossmann shop will open on the space in Zgierz and a Media Expert shop in Grodzisk Mazowiecki.
  • Three new tenants from the science and education sectors have chosen Wrocław's Silver Forum office building for their premises. The largest space - almost 2 thousand sqm - will be occupied by the private Navigo Wrocław Secondary School.

New appointments

  • Building on the successes of last year, GARBE Industrial Real Estate CEE is responding by promoting Martin Stratov to the position of GARBE Director for the Czech Republic and Slovakia, Veronika Zacha will be the new Head of Business Development and Construction in the Czech Republic and Jan Hradecky will move to the position of GARBE Project Management Manager for the Czech Republic.
  • Gellért Berkes has been appointed as Head of Property Management at ConvergenCE. He has been a member of the real estate development team for two and a half years. He has nearly 15 years of professional real estate experience.
  • MLP Group has announced that Tomasz Zabost has resigned as a member of the management board with immediate effect, without stating the reasons for his resignation. He became a member of MLP Group's management board in January 2015.


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