ARTICLES LABELLED WITH TAG retail

The Ukrainian retail market is showing resilience despite objective negative factors (unstable consumer demand, declining purchasing power) and is gradually approaching 2021 levels. In the first half of 2024, the market saw both negative and positive trends. Among the first, CBRE Ukraine analysts mention a drop in the consumer confidence index. According to a study by Info Sapiens, as of the end of June 2024, this indicator in Ukraine decreased by 8 points, reaching 64.5. Iryna Nastych summarised the situation in an article prepared by the Ukrainian Real Estate Club for Property Forum.

Mitiska REIM has rolled out a joint venture (JV) with Park Lane Developments for the development of retail parks in Bulgaria. 

Around 135,000 sqm of modern retail space was added to Poland’s total stock in Q2 2024, with new supply comprising both new openings and extensions, while the end of H1 2024 the development pipeline amounted to around 335,000 sqm, according to a report by BNP Paribas Real Estate. 

Savills' research has shown a positive growth outlook for the European grocery sector for the coming years. Savills is forecasting stable yields within the field and has noticed an interesting shift in consumers’ preferences.

Romania’s commercial property sector recorded investment transactions of €418 million in H1 2024, up 131% year-on-year, marking the biggest volume growth across CEE, according to Cushman & Wakefield Echinox. 

Property manager Sierra Balmain has taken leasing and administration roles for the second owner of Osowa Shopping Center in Gdańsk. 

Shopper Park Plus Plc., a Hungarian REIT, member of Adventum Group, is rebranding the shopping centres and retail parks and launching a new brand on the Czech retail market.

The number of factory outlet centres in Europe rose slightly to 198 units in the last 12 months, while their sales area expanded by 7.6% to just under 3.3 million sqm, according to an ecostra report. 

Agnieszka Gutowska, Head of Brand Marketing & Communication at Nhood Services Poland has talked to Property Forum about the implementation of the ESG principles in the new retail projects, the costs of modernization of the older ones and the approach of the tenants to the ‘new green deal’.

Equilis and Acteeum have sold the Silwana retail park in Gorzów Wielkopolski to Big Polska. The asset was sold for €40 million, which makes it one of the highest transactions in the Polish commercial property market this year.