ARTICLES LABELLED WITH TAG retail park

A new development division of the Lekvi Group plans to build fifteen new retail parks in the region within five years. So far, this group of investors from the countries of the former Soviet Union has focused on the sale of apartments but now sees potential in retail parks in the Czech and Slovak Republics. The planned projects should cost CZK 1 billion, E15 reports.

Polish developer Scallier has secured a building permit for a new retail park with a leasable area of 9,975 sqm in Vaslui, Eastern Romania.

Tatra Asset Management has acquired the Hexagon retail park in Žarnovice, Central Slovakia from Hexagon Retail s.r.o. The new owner of the Hexagon retail park with an area of 3,600 sqm is a real estate fund managed by Tatra Asset Management, which with this acquisition has expanded its portfolio to 11 retail parks operated under the Lipa Park brand.

Czech-Dutch investment company Fidurock has commenced the construction of the second phase of the Staré Město retail park project. The extension will expand the current 4,100 sqm building with 500 sqm.

Prudnik Retail Park has changed its owner. The facility was purchased by LCP Properties, which after the completed transaction became one of the 70 commercial properties currently held in the company's portfolio. Thus, the lease area of all the projects managed in Poland by LCP exceeded 260,000 sqm. The value of the transaction has not been disclosed. 

Poseidon Group, an investor, asset manager and property manager of the Capitol Park centres across Croatia, confirmed the sale of the assets they fully manage in Zadar, Križevci, Krk, Jastrebarsko, Ivanić-Grad and Makarska, to a group of local private investors.

Immofinanz is following its market entry in Italy with the expansion of its Stop Shop retail park brand across the Adriatic region in line with the corporate strategy. In Croatia, plans call for an increase in the number of Stop Shops from the current level of 4 to more than 20 locations over the medium term. The completion of a newly developed Stop Shop and the expansion of an existing location is scheduled for the first half of 2022. Detailed market and location analyses indicated high demand by the Croatian population for decentralised, local supplies. This conclusion led to a decision by Immofinanz to secure 22 sites in medium-sized Croatian cities for the development of Stop Shop retail parks. The purchase price for these sites totals approximately €80 million.

The Stop Shop retail network operated by Immofinanz will be expanded with another service: 116 high-performance electric charging stations will soon start operating at 14 locations.

Discount retailers are predicted to find the CEE market very attractive as evidence shows shoppers have favoured the ‘value for money’ approach these retailers provide, reveals a new report by Colliers.

Property developer Scallier says it has secured a building permit for a new retail park located in Turda. The project will have a leasable area of 9,000 sqm and has already attracted a mix of retailers.