ARTICLES LABELLED WITH TAG retail

Zacaria Group, the largest developer of logistics spaces in Sibiu, will open next year a retail park in Cisnădie, Sibiu, following an investment of more than €11 million. 

Atrium has sold the shopping mall Optima in Košice, Slovakia. The company wants to focus on its core markets, Warsaw and Prague from now.

Adventum Group’s largest deal to date – a portfolio of 18 retail parks anchored by Tesco across Hungary and the Czech Republic with a GLA of 360,000 sqm let to over 900 tenants – has come to a successful completion and with this transaction Adventum’s assets under management has reached €1 billion.

Austrian real estate group Supernova has added four MAX shopping malls to its portfolio of eleven OBI supermarkets in Slovakia. The transaction, without mentioning the price, was reported by the news website reality.trend.sk.

The retail market in Romania is set to expand by more than 500,000 sqm in the next four years, with 10 of the projects in the pipeline each having more than 10,000 sqm, according to  Cushman & Wakefield Echinox. 

Danny Bercovich was promoted to Regional Director of Retail of GTC. Previously, he has served the company as the CEO of GTC in Bulgaria and Romania. In the new role, Mr Bercovich will steer the company’s operations and growth strategy in the retail segment.

LPP, the biggest clothes manufacturing company in Central and Eastern Europe and owner of the Reserved, Mohito, House, Cropp, and Sinsay brands, is implementing Singu FM, a facility and maintenance management software from Velis Real Estate Tech. The system will be deployed across the LPP’s brand sales network of over 1,600 stores in 20 countries.

EPP, the largest asset manager of retail real estate in Poland, implemented a sustainable development strategy in 2021. The company aims to conduct its business in a responsible and transparent way while reducing its environmental impact and strengthening its social commitment. Following the strategy, EPP has set targets for the years 2022-2025 and is launching its first report, giving its ESG achievements to date the framework of GRI international reporting and EPRA standards.

Bratislava's Aupark shopping centre, owned by Wood & Company and Unibail-Rodamco-Westfield, is adding another step to improve its sustainable management. In addition to sorting, low-energy lighting and water conservation, it is now installing hundreds of photovoltaic panels on its roof. The owners are hoping to make significant savings in energy resources, most notably saving 100,000 cubic metres of natural gas per year, reports the online daily Reality.trend.sk.

Sylvie Geuten-Carpentier, Managing Director Poland and Tomas Cifra, Managing Director Romania, Czech Republic & Slovakia at Mitiska REIM talked to Property Forum about the trends driving the convenience retail market and shared some insight into the company’s investment strategy.