ARTICLES LABELLED WITH TAG retail

Industrial developer CTP has handed over a new 100,000 sqm logistics centre in Hungary to British retailer Tesco.

After nine months of this year, the Echo Investment Group has strengthened its position in key sectors of the Polish real estate market. It has also entered the private student housing segment, starting the construction of two projects. The total value of the Group's assets at the end of September amounted to PLN 6.6 billion (ca. €1.5 billion), while cash reserves exceeded PLN 469 million (ca. €107.5 million). In November, Echo signed a conditional sale agreement for the React office building in Łódź.

EPG Group is opening a new part of the Varyáda shopping centre in the Karlovy Vary region on November 29 and 30. This extension is the first phase of the Varyáda renovation, due to be completed before Christmas 2025.

The disposable income gap between CEE economies, which are enjoying solid economic expansion, and stagnating Western European countries is narrowing fast. This is buoying consumer spending in markets like Poland and Romania and attracting international and regional retailers to large modern shopping centres that dominate the CEE’s shopping and experience landscapes, while also offering higher margins and lower costs, NEPI Rockcastle’s latest research concludes.

Vastint Poland has completed the second phase of the Gdynia Waterfront project in Gdynia. The complex, located near Kościuszko Square and the President’s Basin, offers residential, office, hotel, and commercial functions.

Bucharest-based Calea Victoriei, the main retail street in Romania, boasts a prime monthly rental level of €60 per sqm, which was 9% higher compared with last year, according to a Cushman & Wakefield report.

KLM real estate has announced the sale of shopping parks in the Czech Republic and Slovakia. The buyer is Patria investiční společnost, reports Seznamzpravy.cz.

In Q3 2024, the Polish retail market expanded by another 116,000 sqm. With average retail vacancy rates in the largest Polish cities falling and tenants posting rising turnover levels, predictions of the imminent decline of shopping centres in Poland have proven premature, says BNP Paribas Real Estate Poland in its latest report.

The total investment volume in the Czech Republic for the first three quarters of 2024 has exceeded the €1 billion threshold, reveals a regular quarterly survey published by Colliers. Approximately half of the properties bought and sold in 2024 are located outside Prague. 

Property group NEPI Rockcastle has posted a 12.3% growth in net operating income to €411 million in the first nine months of 2024 versus the same period of 2023 over higher rents and short-term income.