ARTICLES LABELLED WITH TAG retail

Even though the volume of commercial real estate delivered to the market in 2024 was below average, the Czech market did not freeze and maintained its activity. This was mainly thanks to the Czech capital, according to Colliers' experts, and this trend will continue in 2025.

pbb Deutsche Pfandbriefbank (pbb) has underwritten an investment facility for a retail portfolio in Poland for Pine Bridge Benson Elliot. The portfolio consists of three shopping centres in Łódź, Toruń and Kraków in Poland. 

The new shopping centre, developed by Acteeum Group and Falcon Investment Management, will be located in the centre of Siemianowice Śląskie (Silesia, southern Poland). Covering 18,000 sqm of GLA, it will offer customers a selection of 45 stores, dining opportunities, and 550 parking spaces. The opening of the facility is scheduled for the second half of 2026.

Realia Fund Sicav has ended the previous year by acquiring a retail park in Stod City in the Pilsen region. With the completion of this purchase, the value of the fund's portfolio rose to CZK 2.35 billion (€93 million).

A new fund managed by Upvest and the investment company RSJ have secured a quarter share in the Černý Most shopping centre in Prague, reports Hospodářskénoviny.cz.

Mitiska REIM, the investor specialized in retail and logistics projects, has secured a €50 million co-investment alongside the MEREP 3 value-add fund from the European Bank of Reconstruction and Development (EBRD).

ZDR Investments has announced the acquisition of a retail park in Velké Meziříčí in the Czech Republic before the year 2024 closing. This property with a rentable area of over 4,500 sqm has become part of the ZDR Investments Public SICAV a.s. fund.

According to a survey by Cushman & Wakefield tracking new entries for 11 years, 47 brands have entered the Czech market in 2024. This is the highest number of brands to enter the Czech market, compared to 40 in 2023. 

Ahold Delhaize has completed the acquisition of Romanian food retailer Profi Rom Food SRL (Profi) from MidEuropa for approximately €1.3 billion, the Belgian retailer announced in a press release. 

Property investments in CEE have accounted for 6% of the total volume recorded across Europe, during 2024, to around €7.7 billion, according to estimates by Cushman & Wakefield.