Kaufland continues to expand in Europe and revitalizations are playing an increasingly central role in this. The integration of existing retail locations and modernization has increased recently in comparison to the construction of new buildings. In the Bulgarian capital Sofia, a very special revitalization has now been completed.

Cushman & Wakefield has taken over the management of the OC Opatovská shopping centre in Prague 4, owned by Conseq realitní fond.

Remodelling an iconic commercial building and preserving its historic heritage is a challenge. Finding a perfect tenant mix for a long period is an even bigger problem. Property Forum asked Oliver Balogh and Viktor Balogh, founders of Corvin Palace Kft. about the ways the development company met these challenges.

Commercial property investment in Romania amounted to €202 million in Q1 2024, up by 69% compared to the same period of last year, with retail accounting for around two-thirds of the deal volume, according to a Colliers report.

Retail parks continue to attract strong investor interest and remain the most popular retail format on the development market. Meanwhile, new brands are entering the Polish retail market, which is also seeing the rise of AI-powered solutions, say BNP Paribas Real Estate experts in their latest report. 

Polish group Scallier has sold its retail project Funshop Park Turda in Turda to BT Property Alternative Investment Fund for an undisclosed amount.

On May 1st, Sierra Balmain assumed management of the Power Park Opole shopping centre. The company will be responsible for both technical and commercial property management.

Real estate investor and fund manager Cromwell Property Group announced the sale of six retail centres across Poland, held by the Cromwell Polish Retail Fund (CPRF), to Star Capital Finance for €285 million.

White Star Real Estate has taken over the management of Galeria Sandecja in Nowy Sącz. This is another shopping center from the Focus Estate Fund portfolio, where WSRE assumes property management, and the first where it provides two management services in one facility for an external client.

Global apparel retailer Uniqlo announced plans to open its first-ever permanent store in Poland. The new store, Uniqlo Arkadia, will be located at Westfield Arkadia shopping centre in Warsaw, and will greet its first customers in fall 2024.