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News GTC secures refinancing for Silesian shopping centre
14
Feb
2020

GTC secures refinancing for Silesian shopping centre

by Property Forum
GTC signed a €130 million refinancing loan agreement for one of the largest assets in its portfolio, Galeria Jurajska. Located in Częstochowa, the 48,700 sqm shopping centre offers over 200 stores, service points, restaurants and a multi-screen cinema.
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News Sofia shopping centre reaches fully occupancy
30
Jan
2020

Sofia shopping centre reaches fully occupancy

by Property Forum
The Park Center shopping centre in Sofia, managed by Ceres Management Services, is now fully leased. On the last business day of 2019, the lease agreement for the last remaining vacant space in the mall (60 sqm on floor 2) was signed, which will be transformed into a new dining concept.
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News NEPI Rockcastle plans to extend Budapest shopping centre
16
Jan
2020

NEPI Rockcastle plans to extend Budapest shopping centre

by Property Forum
The area of Budapest’s Arena Mall could grow from its current 42,000 sqm to 60,000 sqm, following the property manager’s application for an extension last December, local daily HVG reports. If the plans are realised, Arena Mall will become the largest shopping centre in Hungary.
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News DRFG acquires Olomouc shopping centre
05
Dec
2019

DRFG acquires Olomouc shopping centre

by Property Forum
Local investor DRFG, through its Czech Real Estate Investment Fund, has acquired the Olomouc CITY shopping centre from Mint Investments. With this acquisition, DRFG manages the first primarily leisure-oriented property in its portfolio.
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News Multi to refurbish Budapest shopping centre
18
Nov
2019

Multi to refurbish Budapest shopping centre

by Property Forum
Multi Hungary announced its extensive refurbishment plans for Allee shopping centre in Buda, in the most densely populated district of Budapest. Multi will upgrade and renovate the 46,700 sqm shopping centre, while enhancing the tenant mix, interior and exterior design and customer services. Multi will start the execution phase in the second quarter of 2020 and expects to complete most of the work still in 2020.
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News Investika real estate fund buys Prague shopping centre
24
Oct
2019

Investika real estate fund buys Prague shopping centre

by Property Forum
The open real estate fund Investika purchased the Galerie Butovice shopping centre located in the popular office area Nové Butovice in Prague 5. CBRE advised Investika on the acquisition.
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News Hungary’s Indotek Group buys shopping centre in Romania
26
Sep
2019

Hungary’s Indotek Group buys shopping centre in Romania

by Property Forum
French AEW Europe and Hungarian Indotek Group have concluded an agreement regarding the acquisition of the Promenada shopping centre in Târgu Mureș, Romania. The 50,000 sqm building’s tenants include Auchan, Leroy Merlin, Decathlon, H&M, Cinema City, LC Waikiki, New Yorker, Hervis and Media Galaxy. Indotek Group plans to renovate and modernize the whole building and plans further acquisitions to strengthen its presence on the Romanian commercial real estate market.
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News GTC opens first shopping centre in Serbia
30
May
2019

GTC opens first shopping centre in Serbia

by Property Forum
GTC Serbia opened Ada Mall, its first shopping centre in Belgrade, Serbia. It is the only latest-generation shopping centre in the Serbian capital and covers an area of over 34,000 sqm. This extraordinary shopping mall was designed to provide its visitors with a unique Belgradian shopping experience.
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News EPP and Echo Investment to open new Warsaw shopping centre
02
May
2019

EPP and Echo Investment to open new Warsaw shopping centre

by Property Forum
225,000 sqm of total space, 82,000 sqm of GLA with 76,000 sqm allocated to retail and F&B, 6,000 sqm of office space, over 200 shops and 36 restaurants, the tallest shopfront windows in Poland (over 7 m high), 10 screen multiplex cinema with comfortable, recliner seating, a 200 sqm stage/event area, 2,500 sqm green terrace area, 2,000 parking spaces, 20 coworking spaces – these are some of the numbers which can be used to describe the Galeria Mlociny shopping centre which will open on 23 May.
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News European shopping centre markets are becoming polarised
17
Apr
2019

European shopping centre markets are becoming polarised

by Property Forum
As shopping centre markets reach maturity in most European countries, there will be growing polarisation between successful prime schemes and struggling secondary sites which have to diversify to survive, according to new research from Cushman & Wakefield.
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Latest news


New leases

  • Office House - the first phase of the multifunctional Towarowa22 project in Warsaw - will be ready in spring 2025 and welcomes new tentants. They include emagine (6,000) and Crowe (2,700 sqm).
  • Galeria Jurajska in Częstochowa (southern Poland) is expanding its offer in the electronics segment. A store of the Komputronik chain has opened in the facility.
  • PartyDeco, one of Europe's largest producers of special occasion decorations, has signed a lease agreement for 15,000 sqm in Szczecin's WestSide Szczecin by LemonTree complex.

New appointments

  • Julia Faltus-James, an accredited professional in WELL, ActiveScore and “Green Home” certifications, and Szymon Krawczyk, an energy transition expert, have joined the Strategic Consulting & ESG Advisory team of Cushman & Wakefield.
  • Management Board of Globe Trade Centre has announced that on the 3rd of December, the company received a written statement from György Stof on his resignation as a Member of the Company's Management Board.
  • Dom Development has announced changes to its Management Board. Monika Dobosz will become a Member and Vice-president of the Management Board. In this position, she will replace Leszek Stankiewicz, who has submitted a declaration of resignation from this position. Dobosz will be responsible for the company's finances.

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