ARTICLES LABELLED WITH TAG retail park

News Immofinanz acquires eight retail parks in SEE
15
Nov
2018

Immofinanz acquires eight retail parks in SEE

by Property Forum
Immofinanz is driving the expansion of its Stop Shop retail park brand and has now purchased eight retail parks in Slovenia, Serbia and Croatia. The purchase price totals approximately €90.5 million. The newly acquired properties are fully rented and generate an annual rental income of roughly €7.2 million, which represents a gross return of 8.0%. These transactions increase Immofinanz’s Stop Shop portfolio to 80 locations in nine countries with over 567,000 sqm of rentable space and a carrying amount of approx. €800 million. Further acquisitions are currently under evaluation, and two Stop Shops in Poland and Serbia are now in the active development phase.
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News Trei Real Estate opens retail park in Łódź
26
Oct
2018

Trei Real Estate opens retail park in Łódź

by Property Forum
Trei Real Estate GmbH is expanding its Polish investment portfolio in the retail sector. The real estate company, part of the German Tengelmann Group, has opened its tenth Polish retail park under the Vendo Park brand in Łódź, its second investment in the city. The total cost of building Vendo Park at Gojawiczynska Street in Łódź was approximately €4.4 million.
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News Ikea to build €50 million retail park in Belgrade
04
Oct
2018

Ikea to build €50 million retail park in Belgrade

by Property Forum
Ikea intends to complete the construction of a €50 million retail park in Belgrade by the end of 2020, the company’s CEO for SEE, Stefan Vanoverbeke said.
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News Immofinanz cancels plans for Braşov retail park
18
Sep
2018

Immofinanz cancels plans for Braşov retail park

by Property Forum
Immofinanz has renounced its plans for the construction of a Stop Shop retail park in Braşov citing the lengthy process of obtaining a construction permit. The developer is considering selling the land.
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News Immofinanz opens two retail parks in Serbia
27
Apr
2018

Immofinanz opens two retail parks in Serbia

by Property Forum
Immofinanz has opened two further retail parks in its Stop Shop brand. The Stop Shop portfolio has now grown to 72 locations with roughly 500,000 sqm of rentable space in eight countries. The new properties are located in the Serbian cities of Požarevac (7,200 sqm) and Vršac (8,250 sqm). Both locations are 100% rented. The tenants include, among others, LC Waikiki, Reserved, Sinsay, CCC, Deichmann and DM.
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News Polish developer sells five retail parks to CPI
18
Apr
2018

Polish developer sells five retail parks to CPI

by Property Forum
Polish developer Katharsis Development sold a portfolio of five retail parks, recognized under the brand “HopStop”, to CPI Property Group. Disposal advisory was conducted exclusively by Apleona GVA.
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News Focus Estate Fund buys Polish retail centre
05
Apr
2018

Focus Estate Fund buys Polish retail centre

by Property Forum
The Focus Estate Fund has acquired Park Handlowy Eden (Galeria Eden), Zgorzelec (Poland). Focus intends to invest more than €1.5 million in repositioning the 8,500 sqm retail centre with the support of its partner in development and leasing, Młyn Retail Parks Sp. z o.o.
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News Bistrita Retail Park to open this spring
28
Mar
2018

Bistrita Retail Park to open this spring

by Property Forum
Bistrita Retail Park will be inaugurated in May 2018, Element Development, the park’s announced. The list of tenants for the nearly 8,000 sqm retail park include, among others, Carrefour Market, JYSK, Decathlon and Top Shop.
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News Erste Real Estate Fund acquires Budapest retail park
15
Jan
2018

Erste Real Estate Fund acquires Budapest retail park

by Property Forum
Market Central Ferihegy, one of the largest retail parks in Hungary, and adjacent office complex Quadrum have been acquired by Erste Real Estate Fund. According to Erste Asset Management, growth of the economy and expansion of the retail market in Hungary may facilitate higher rent, representing favourable outlooks for future returns of real estate funds.
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News EPP acquires €692 million retail portfolio in Poland
05
Dec
2017

EPP acquires €692 million retail portfolio in Poland

by Property Forum
EPP announced the acquisition of 12 major shopping centres and retail parks (M1 portfolio) in three tranches over the next three years. The acquisition from a consortium (owned 25% by Redefine Properties), totals €692 million and forms part of a larger 28 property portfolio that has been acquired by the consortium. Upon completion of the transaction in mid-2020, EPP’s portfolio will comprise at least 27 modern shopping centres comprising almost 1 million square metres GLA
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Latest news


New leases

  • ROCKWOOL is expanding its office space in the Nowy Rynek D building, developed by Skanska in Poznań. In 2020, a competence centre was established on an area of 6,000 sqm. Now, the company has decided to lease additional 900 sqm.
  • Primark has opened the doors of its fourth shop in Poland for the first time in Katowice's Silesia City Center. The store occupies more than 3,600 sqm of retail space.
  • Signify is relocating its existing headquarters in Lódź. The new office, located in the city centre in the Hi Piotrkowska complex, has an area of over 2,800 sqm. The tenant was assisted in the signing of the contract and the process of arranging the new office by the consulting firm CBRE.

New appointments

  • From the beginning of December at BNP Paribas Real Estate Poland, Małgorzata Fibakiewicz will head the Office Department and Justyna Magrzyk-Flemming will take up the position of Head of Business Services.
  • Lucia Niculae has been appointed Business Development Director of Romanian construction company Pedro Construct. She has been an investor since 2018 and currently manages her own property portfolio. 
  • 108 Agency promoted Matej Indra to Head of Industrial Agency for the Czech Republic.


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