ARTICLES LABELLED WITH TAG retail

Service providers, including international property agencies, are bound to adjust their services to the rapidly changing demand from occupiers, developers and investors. Property Forum asked Kata Mazsaroff, the recently appointed Managing Director of Colliers Hungary to unveil her expectations about the commercial real estate market in the region and in Hungary in particular.

Income-producing properties are becoming an increasingly appreciated option for Romanian or foreign private investors who have previously been mainly active in the residential sector, according to real estate consultancy Cushman & Wakefield Echinox. 

Immofinanz leads the development of retail parks across Croatia, with plans for surpassing Supernova and becoming the market leader in Croatia, while local developers remain active as well, focusing on undersupplied locations and the outskirts of large cities.

In Q3 2022, domestic demand was still the driving force of the Slovak economy. Although rising inflation is expected to reach 12.4% in 2022, the economy should grow by 1.8%. Nevertheless, the industrial sector exceeded expectations in Q3 and kept growing at a rapid pace. In the office market, we can see restored demand in many cases and the increased leasing activity should persist towards year-end, Cushman & Wakefield published its Marketbeat Analysis for Q3 2022.

Rising energy prices and construction costs, the volatility and depreciation of the forint against the euro, rising interest rates and tightening financing conditions all represent challenges for the actors over the short term, the Hungarian National Bank (MNB) states in its fresh outlook. 

Property developer and investor Prime Kapital has unveiled plans for an urban regeneration project in Cluj-Napoca, on a land plot of 17.1 hectares that previously hosted an industrial platform. 

Trei Real Estate and Jones Lang LaSalle Poland jointly published a new market report on retail parks and convenience centres in Poland. Here are the key findings: Within the retail sector as a whole, investors focus primarily on retail parks, convenience centres, DIY stores and food markets. Prime yields for high-end retail parks have maintained a stable level between 6.5 and 6.75%. The Polish retail investment market saw five banner years of very strong investment volumes between 2015 and 2019, each achieving a transaction total of €2.0 billion to 2.5 billion. The year-end volumes of 2020 and 2021 were significantly lower at c. €750 million and €1.0 billion, respectively. By contrast, investments in 2022 already stood at c. €760 million by mid-year. Accordingly, Trei and JLL Poland feel optimistic about 2022 as a whole.

Japanese clothing chain UNIQLO has opened its store in Domy Towarowe Wars Sawa Junior in Warsaw. The two-storey store has been inaugurated on October 27.

LCP Properties has recently opened two M Park retail parks. The projects in Rawa Mazowiecka and Lubawa have joined the investment group's property portfolio.

Property Forum sat down with Piotr Trzciński, Head of Poland and Andrew Allen, Global Head of Research, Product Strategy and Development at Savills Investment Management, to talk about the company’s investment strategy in Europe and Poland in particular. They also talked about Savills IM’s ambition to become net zero by 2040 and the way ESG is shaping future developments in the European commercial real estate sector.