ARTICLES LABELLED WITH TAG retail

News Prime yields to remain under upside pressure in Romania
03
Feb
2023

Prime yields to remain under upside pressure in Romania

by Property Forum
Price and yield moves on the Romanian property market will be influenced in the near future by both the availability and the cost of capital, while the overall volume of deals is likely to fall this year after reaching a 15-year high during 2022, suggest Colliers’ consultants. 
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News Slovakia's industrial market remains resilient
02
Feb
2023

Slovakia's industrial market remains resilient

by Property Forum
Despite many negative factors, Q4 2022 showed that the economy in Slovakia should grow by 1.8% in 2022. Energy prices were stabilized, inflation peaked and we could see the increase in yields. The Slovak industrial sector remained once more the most resilient real estate segment and experienced very solid performance in 2022. In the same period, the lack of new supply resulted in lowered vacancies in offices. Overall retail park projects dominate both this year’s new supply and future retail development with limited space for larger retail schemes due to high saturation. Cushman & Wakefield published its market reports for Q4 2022.
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News eMAG gets funding for logistics hub near Budapest
01
Feb
2023

eMAG gets funding for logistics hub near Budapest

by Property Forum
Romanian e-commerce player eMAG has secured a financing of around €70 million from Alpha Bank for the development of a logistics hub near Budapest. 
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News Greenman Group expands Poland with acquisition of Newbridge
01
Feb
2023

Greenman Group expands Poland with acquisition of Newbridge

by Property Forum
The Greenman Group, parent company of the grocery real estate investment fund manager Greenman Investments, announces its expansion into Poland with the acquisition of Newbridge Poland Sp. Zo.o., an asset manager and developer.
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News Poland's retail market closes stable year in 2022
31
Jan
2023

Poland's retail market closes stable year in 2022

by Property Forum
According to a Cushman & Wakefield report, the retail real estate sector saw the continued expansion of retail parks in 2022, accounting for 70% of new supply delivered to the market. Despite many challenges related to inflation and general economic uncertainty, 14 new brands made their debut in Poland during the year. However, the next few months may experience a downturn in consumer sentiment, with lower retail sales, and in turn, reduced turnover for retail tenants.
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News Cushman & Wakefield takes over Prague shopping centre
31
Jan
2023

Cushman & Wakefield takes over Prague shopping centre

by Property Forum
Cushman & Wakefield has taken over the management of the Atrium Flora shopping centre in Prague Vinohrady, owned by G City Europe (formerly Atrium European Real Estate), as of 1 January 2023.
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News Uncertainty is the new normal in Poland's investment market
26
Jan
2023

Uncertainty is the new normal in Poland's investment market

by Property Forum
Saying goodbye to 2022 means welcoming a year of uncertainty for the fourth time in a row. Two pandemic years, war in Ukraine, historically high inflation and the upcoming spectre of recession have forced the Polish investment market to cope with tough times, says Avison Young Poland
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News Primark to open first shop in Hungary this autumn
24
Jan
2023

Primark to open first shop in Hungary this autumn

by Property Forum
Primark's first Hungarian store which will be opened in NEPI Rockcastle's Arena Mall shopping centre in Budapest is part of the ongoing expansion of the global retail chain.
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News Trei raises €40 million in debt funding from BerlinHyp
20
Jan
2023

Trei raises €40 million in debt funding from BerlinHyp

by Property Forum
Trei Real Estate, an international developer and asset manager for residential and retail real estate, has raised €40 million in debt funding from Berlin Hyp mortgage bank. The funds will be disbursed in two tranches: The first tranche in the amount of €27.8 million was paid out in December 2022, with the second tranche in the amount of €12.2 million to follow by December 2023. The loan has a five-year maturity and was collateralized with eight retail parks of the company’s Vendo Park brand in Poland. The properties were completed during the past twelve months or else will be completed in the course of 2023. The debt capital is earmarked for the construction of additional Vendo Parks in Poland as well as for further residential developments in Germany and Poland.
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News Focus Estate Fund acquires Ferio Legnica shopping centre
19
Jan
2023

Focus Estate Fund acquires Ferio Legnica shopping centre

by Property Forum
Focus Estate Fund is expanding its operations in Poland with the acquisition of Ferio Legnica (a shopping centre in the city of Legnica in southwestern Poland) from Austria's Raiffeisen Bank International. CBRE represented the seller in the transaction. Czabański & Gałuszyński together with Gleeds and KKLW advised the buyer. The price has not been disclosed.
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Latest news


New leases

  • Croda Poland, a company that supplies specialty chemicals for the production of pharmaceuticals, cosmetics, household chemicals and crop protection products, will lease more than 510 sqm in the Unity Square One building. JLL was responsible for both tenant and landlord representation in the transaction process.
  • Angelini Pharma Polska, one of the leaders of the pharmaceutical market in Poland, has once again extended its lease agreement for warehouse and office space in MLP Pruszków I. The tenant has been using approximately 1,5000 sqm of space in this logistics centre for 21 years. This makes Angelini Pharma Polska one of the longest-cooperating tenants of MLP Group.
  • Kärcher, a supplier of professional cleaning equipment, has chosen the second phase of LogiCube Park for its new 1,000 sqm service and logistics center in Hungary. Additionally, MedRes, a company operating in the healthcare sector, has begun moving in and will soon commence production in the same project. The leasing was overseen by 108 Real Estate, the strategic partner of the park’s investor.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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