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News Bulgarian retail market shows extremely strong recovery
13
Sep
2022

Bulgarian retail market shows extremely strong recovery

by Property Forum
Revetas Capital announced a 29% increase in turnovers and an 18% increase in footfall for the first 8 months at Park Center Sofia, Bulgaria, compared to the same period in 2021.
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News Czech retail park construction boom continues
24
Aug
2022

Czech retail park construction boom continues

by Property Forum
At the end of June 2022, the supply of modern retail space in the Czech Republic amounted to almost 3.97 million sqm. Shopping centres take about 67%, retail parks 31% and outlets the remaining 2% of the market. During the first six months of 2022, the retail park construction boom has not stopped yet and the retail market expanded by 19,500 sqm. Over the last five years, the share of retail parks has increased by 5%. The largest completed project in the first six months of this year was Shopping Centre Řepy in Prague. Another 52,300 sqm of retail space is currently under construction across 12 projects, of which 31,200 sqm is expected to be completed this year, says JLL in its retail market report for Q2 2022.
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News Austria's Supernova buys four shopping malls in Slovakia
16
Jun
2022

Austria's Supernova buys four shopping malls in Slovakia

by Property Forum
Austrian real estate group Supernova has added four MAX shopping malls to its portfolio of eleven OBI supermarkets in Slovakia. The transaction, without mentioning the price, was reported by the news website reality.trend.sk.
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News Wing to rebrand Budapest shopping centre
17
Nov
2021

Wing to rebrand Budapest shopping centre

by Property Forum
The former EuroCenter shopping centre, currently being rebuilt by Wing, will be renamed GOBUDA Mall after the renovation. The building will re-open in the spring of 2022 according to plans.
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News Indotek completes renovation of three malls in Hungary
08
Oct
2021

Indotek completes renovation of three malls in Hungary

by Property Forum
Indotek Group has modernised three of its malls, Szeged Plaza, Kaposvár Plaza and Szolnok Plaza, for nearly HUF 2 billion. The property group began its shopping mall renovation programme with the aim of creating buildings even more in line with the needs of tenants and shoppers by modernising the external façades and interior spaces. The three updated malls now await visitors with a modern exterior, a new environment, and new stores and services.
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News JTRE opens shopping centre extension in Slovakia
23
Sep
2021

JTRE opens shopping centre extension in Slovakia

by Property Forum
The first modern regional shopping centre in Prešov, the third biggest city in Slovakia, is opening a second stage on 23 September. JTRE’s expanded EPERIA Shopping Mall will include new fashion brands, restaurants, and a multiplex cinema, with the retail area increasing by 50%.  The shopping centre will provide visitors with a wide range of customer services, more parking spaces, and new indoor and outdoor relaxation zones.
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News Nooka Space adds smart office in Bucharest mall
19
Aug
2021

Nooka Space adds smart office in Bucharest mall

by Property Forum
Irish startup Nooka Space has installed its first smart proximity office in the garden of Bucharest-based shopping mall ParkLake. 
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News Sepsi Value Centre in Romania opens on 18th March
11
Mar
2021

Sepsi Value Centre in Romania opens on 18th March

by Property Forum
Prime Kapital will inaugurate in Sfântu Gheorghe the first shopping center in the county on 18th March. The investment budget was over €22 million. 
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News Belgrade’s largest shopping centre ready to open
28
Oct
2020

Belgrade’s largest shopping centre ready to open

by Property Forum
The region’s largest shopping centre Galerija Belgrad will open on 30 October. With a total area of 300,000 sqm, Galerija Belgrade will offer local and international brands in one place, dozens of cafes and restaurants, two entertainment complexes, a cinema with the most advanced IMAX technology and as many as 3,600 parking places.
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News AFI Europe opens €148 million mixed-use project in Brașov
26
Oct
2020

AFI Europe opens €148 million mixed-use project in Brașov

by Property Forum
AFI Europe Romania has inaugurated its AFI Brasov mixed-use project on 21 October. The project, located near the city’s historic centre, includes a modern shopping centre with 45,000 sqm GLA and 15,000 sqm GLA of office space rising above the retail floors.
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Latest news


New leases

  • Exact Sciences, a global leader in molecular diagnostics and early cancer detection, has chosen the LIXA campus in Warsaw for its new Polish international enabling hub. The company has joined the tenants of the LIXA D office building, leasing a total of over 1,800 sqm of modern space on the first floor of the building at ul. Giełdowa 5 in Warsaw.
  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.
  • De Heus, a producer of animal feed, which has built a strong presence in the Polish market, has leased 7,050 sqm of warehouse and office space at GLP Łódź III Logistics Centre. This is the first Class A warehouse of De Heus in Poland. The tenant was advised by specialists from Newmark Polska during the search for the right space and throughout the lease negotiations.

New appointments

  • Avison Young's Investment Advisory team in Poland has welcomed a new member, Katarzyna Sielewicz, who takes the role of Senior Consultant. Katarzyna holds a master’s degree in Finance from the Stockholm University School of Business and completed an exchange semester at Cass Business School in London. She gained international real estate experience working with the global Research and Strategic Advisory team at Cushman & Wakefield (formerly DTZ) in London.
  • Activ Property Services has announced the appointment of Ionuț Grigoraș as Partner in the industrial department. With more than 14 years of experience in the real estate sector, Grigoraș has worked with leading companies such as CTP, WDP, VLParks România, Logicor, P3, MDO, and MLP Group.
  • MLP Group strengthened its management structures. Maciej Müldner, a manager with over 30 years of experience in finance at international corporations and banks, joins the Management Board. He will be responsible for further strengthening the Group’s financial position.

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