ARTICLES LABELLED WITH TAG retail park

News Second stage of Brno retail park is complete
26
Aug
2022

Second stage of Brno retail park is complete

by Property Forum
Czech construction company HSF System completed the construction of the second part of the retail park H-Park 2 in Brno as the general contractor. The investor was RLRE Carina Property. The financial volume of the project was approximately CZK 70 million (€2.8 million).
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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 Square 7 Properties and Mitiska complete retail park extension in Slatina
24
Aug
2022

Square 7 Properties and Mitiska complete retail park extension in Slatina

by Property Forum
The Slatina Shopping Park, located in Southern Romania, has reached a total commercial area of 8,700 sqm following an extension completed by Square 7 Properties and Mitiska REIM investment fund. 
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News Retail parks are a top investment now in Poland
29
Jun
2022

Retail parks are a top investment now in Poland

by Property Forum
Investors and clients in Poland are focusing on local shopping centres, says advisory firm Walter Herz. 
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News Czech retail space growth sets 5-year record in 2021
27
Jun
2022

Czech retail space growth sets 5-year record in 2021

by Property Forum
The year 2021 has recorded over 65,000 sqm of the space in newly completed retail parks. This is the highest growth of the retail space in the Czech Republic in five years. Behind this success, there is mainly the stable interest among shoppers, long-term lease contracts and tenant expansion as also a surge of interest among investors. Nevertheless, the higher costs are now slowing the construction of the new retail parks. Therefore, a boost in the demand for space and likely push up rents as well are expected, states Cushman & Wakefield in their last report.
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News Adventum closes purchase of 18 retail parks anchored by Tesco
17
Jun
2022

Adventum closes purchase of 18 retail parks anchored by Tesco

by Property Forum
Adventum Group’s largest deal to date – a portfolio of 18 retail parks anchored by Tesco across Hungary and the Czech Republic with a GLA of 360,000 sqm let to over 900 tenants – has come to a successful completion and with this transaction Adventum’s assets under management has reached €1 billion.
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News Fidurock to extend retail park in Trnava
10
Jun
2022

Fidurock to extend retail park in Trnava

by Property Forum
Fidurock, the Czech/Dutch company that owns Retail Park Trnava, has started to build phase II of the project, which is located in Western Slovakia, 44 km northeast of Bratislava. The extension of this retail park is planned to be completed by the end of this year.
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News Polarisation in retail set to keep demand strong for retail parks
07
Jun
2022

Polarisation in retail set to keep demand strong for retail parks

by Ákos Budai
Sylvie Geuten-Carpentier, Managing Director Poland and Tomas Cifra, Managing Director Romania, Czech Republic & Slovakia at Mitiska REIM talked to Property Forum about the trends driving the convenience retail market and shared some insight into the company’s investment strategy.
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News Stop Shop portfolio reaches 100% occupancy in Hungary
17
May
2022

Stop Shop portfolio reaches 100% occupancy in Hungary

by Property Forum
Immofinanz has just leased the last free unit in its Hungarian Stop Shop portfolio, reaching a 100% occupancy rate. The newest and last tenant is Sportisimo in Stop Shop Keszthely. The company has roughly 136,000 sqm of fully leased retail space in 14 locations across Hungary. 
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News Scallier gets bank loan for Funshop Park Turda
28
Apr
2022

Scallier gets bank loan for Funshop Park Turda

by Property Forum
OTP Bank Romania has granted €8 million in financing to Polish developer Scallier, for the construction of Funshop Park Turda.  
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Latest news


New leases

  • Croda Poland, a company that supplies specialty chemicals for the production of pharmaceuticals, cosmetics, household chemicals and crop protection products, will lease more than 510 sqm in the Unity Square One building. JLL was responsible for both tenant and landlord representation in the transaction process.
  • Angelini Pharma Polska, one of the leaders of the pharmaceutical market in Poland, has once again extended its lease agreement for warehouse and office space in MLP Pruszków I. The tenant has been using approximately 1,5000 sqm of space in this logistics centre for 21 years. This makes Angelini Pharma Polska one of the longest-cooperating tenants of MLP Group.
  • Kärcher, a supplier of professional cleaning equipment, has chosen the second phase of LogiCube Park for its new 1,000 sqm service and logistics center in Hungary. Additionally, MedRes, a company operating in the healthcare sector, has begun moving in and will soon commence production in the same project. The leasing was overseen by 108 Real Estate, the strategic partner of the park’s investor.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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