ARTICLES LABELLED WITH TAG retail

UDI Group is going to build a new shopping centre in Líbeznice near Prague with a Billa supermarket as the main tenant. The developer is now negotiating with other tenants for the other six units. 

Penta Real Estate has submitted environmental impact assessment (EIA) documents for the Bory Mall expansion project in June 2024. The extension is bringing a new square replacing the existing exterior parking lot between the Bory Hospital and the Bory Mall shopping center.

This year in March Passerinvest Group has opened the Roztyly Plaza office building, which, in addition to administrative areas, is offering 1,600 sqm of commercial space on the ground floor, and another 700 sqm dedicated to a canteen with a cafe. The commercial units located on the ground floor of the seven-floor building are now fully leased. 

Cushman & Wakefield has summarised the situation on the Polish retail market in the second quarter of 2024. There were eight new retail completions with the development pipeline comprising approximately 400,000 sqm. This indicates healthy supply levels amid unwavering occupier demand and strong retail sales, shopping centre footfall and turnover figures.

Precordia Capital and Septyma have become holders of 66% of shares in the convenience retail park Street Mall Vis à Vis Wilanów located on ul. Przyczółkowska 219 in Warsaw. They acquired the shares from Capital Park Sp. z o.o. The value of the deal has not been disclosed.

The Turkish fashion brand Koton will enter the Hungarian market and plans to open the first eight stores in retail projects managed by Adventum.

Real estate investor Unione Group has purchased two Interspar stand-alone units located in Nyíregyháza and Zalaegerszeg, leased and operated by SPAR since their delivery in 1999

French real estate group Catinvest is investing €36 million in the extension of ElectroPutere Parc in Craiova, which has reached over 100,000 sqm of retail spaces.

Romanians have spent €36 billion in large retail chains during 2023, an amount 11% higher compared with 2022, according to a Cushman & Wakefield report. Of the total amount, FMCG had a share of more than 60%.

Aleksandra Mazzini, COO of Sierra Balmain Asset Management, talked to Property Forum about the current popularity of retail parks, the ongoing transformation of the retail sector and the point, where ESG and AI meet together.