ARTICLES LABELLED WITH TAG retail

The main themes on Slovakia´s office, retail and industrial markets in the fourth quarter of 2021 were supply-side shortfalls and rising prices. However, the office market saw one of its strongest quarters yet as take-up soared. Cushman & Wakefield published its Q4 2021 snapshots for Slovakia’s office, retail and industrial sectors.

Over €5.7 billion - this is how much investors spent on commercial real estate in Poland throughout 2021, of which in the last quarter alone, the amount attained over €2.2 billion. The latest report prepared by BNP Paribas Real Estate Poland indicates that the past year was marked by a further strengthening of the logistics and industrial sector, making up for losses by retail and the continued battle against Covid's shortage of breath in the office sector.

Hunter REIM sold to Centerscape two retail parks located in Warsaw and Inowroclaw, offering ca. 4,550 square meters of leasable space, both assets having the Netto chain as the grocery anchor operator. Avison Young represented the seller in the transaction.

Robert Snincak, Head of Investment Operations CEE and Krystian Pachowka, Head of Logistics Asset Management CEE at CBRE Investment Management talked to Property Forum about the current investment trends in CEE countries, the rise of the warehouse and PRS markets in Poland and the recent changes in financing conditions.

Romanian developer Iulius will invest €40 million to expand the Iulius Mall Suceava project with 14,000 sqm in a bid to add new retailers as well as leisure and food operators. 

DL Invest Group has leased nearly 80,000 sqm of commercial spaces in 2021. It embraces activities in the office, retail and industrial sectors. The value of assets that belong to the company increased to over PLN 1.5 billion.

Poland’s investment market continued to attract significant investment activity in 2021 with an annual transaction volume of €5.9 billion. A record number (166) of transactions were closed by 80 active investors, according to Avison Young’s annual investment market summary. The company expects that 2022 will see the great comeback of the office sector through increased interest in core and core+ assets in both Warsaw and regional cities.

Revetas Capital has sold Vitantis Shopping Center in Bucharest, with a leasable area of around 50,000 sqm, to Praktiker Real Estate, owned by businessman Omer Susli, for an undisclosed sum, according to economedia.ro. 

Atrium announced the major refurbishment of its flagship shopping centre – Atrium Promenada, located in Warsaw, Poland. The investment aims to refurbish the second part of the shopping centre. This will continue the transformation of Promenada, the first part of which was completed in autumn 2018.

Strabag Real Estate has acquired the defunct Galeria Plaza shopping centre in Kraków and the 8 ha plot it stands on from Peakside Capital Advisors for an undisclosed sum.