ARTICLES LABELLED WITH TAG retail

27
Nov
2020

Kaufland and Lidl to acquire 3 ha land plot in Bucharest

by Property Forum
SIF Banat - Crișana has agreed to sell approximately 3 ha of land at the site of the former Filan factory in the Pantelimon district of Bucharest to German retailers Kaufland and Lidl for about €12 million, profit.ro reports. This sum is 60% higher than what the fund paid for the property in 2019.
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26
Nov
2020

Fashion House to open second Romanian outlet in 2021

by Property Forum
Retail outlet developer Fashion House Group plans to open its second outlet centre in Romania, Fashion House Pallady, on 25 March 2021.
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24
Nov
2020

NEPI Rockcastle records 90% collection rate for Q1-Q3 2020

by Property Forum
Shopping centre owner NEPI Rockcastle achieved a collection rate of 97% of reported revenues for the first half of 2020 and 90% for the nine-month period ended 30 September 2020. The total value of COVID-19 related rent reliefs and discounts granted by NEPI Rockcastle up to 30 September amounts to €55.6 million. The company published a business update for Q3 2020.
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24
Nov
2020

GTC records slight rental revenue loss due to COVID-19

by Property Forum
GTC’s profit before tax and fair value adjustments increased to €21 million in Q3 2020 from €15 million in Q3 2019. For the January-September period, 2020’s results were slightly weaker at €52 million compared to the previous year’s €53 million.
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23
Nov
2020

LCP Properties acquires retail park in Siedlce

by Property Forum
The HopStop convenience retail park in Siedlce has been sold by Polish developer Katharsis Development to British investor LCP Properties. The seller was represented by Avison Young investment team throughout the transaction.
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23
Nov
2020

Bucharest’s Expo Market Doraly completes extension

by Property Forum
Expo Market Doraly, one of Romania’s largest shopping parks specialized in home items and food products, has inaugurated a new building with an area of 9,200 sqm, following a €6 million investment.
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20
Nov
2020

Supernova acquires shopping centre in Pitești

by Property Forum
Austrian retail investor Supernova has acquired the Jupiter City shopping centre in the Romanian city of Pitești from local company Mall Retail Rom, owned by Israeli concern Jupiter Group. The value of the transaction hasn't been disclosed, but the transaction was said to be "distressed" with a price estimated to be below €20 million.
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20
Nov
2020

How has COVID-19’s second wave impacted the Czech market?

by Property Forum
While the first results show that the GDP grew by 5.2% q-o-q in Q3 in the Czech Republic, the second wave of COVID-19 has forced the government to re-impose strict containment measures to curb the spread of the virus. Retail sales grew during the summer as they reached pre-pandemic levels. However, consumer confidence fell for a second consecutive month in September, while a worsening labour market outlook and a resurgence of new infections will mean households keep more precautionary savings as well as denting income. On the other hand, industrial production resumed growth in September and is likely to underpin economic growth as it is less exposed to the pandemic. Cushman & Wakefield summarised the situation in each market segment.
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19
Nov
2020

Prague mixed-use development gets certified under BREEAM

by Property Forum
The Flow Building, Flow East’s development on Wenceslas Square, has become the first building in the Czech Republic to achieve a BREEAM “Outstanding” rating – the highest possible rating – under the latest assessment scheme version.
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16
Nov
2020

Fashion House opens third phase of Bucharest outlet centre

by Property Forum
Fashion outlet developer, Fashion House Group has announced the opening of the third phase of Fashion House Outlet Centre Militari in Bucharest.
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Latest news


New leases

  • Raiffeisen Bank International AG will take up 1,500 sqm of office space in Monopol office centre in Warsaw. The lease was negotiated by Colliers International.
  • KiK is a new tenant in Funshop Park Focșani, developed by Scallier. The store of 640 sqm will open this year.
  • 108 Agency has secured a lease of 7,800 sqm of commercial space for company Van Eupen in P3 Lovosice with a strategic position in the desired location in the Ústí nad Labem region.

New appointments

  • CBRE Romania has promoted Florin Ianculescu-Popa to Director of Valuation within the Valuation & Advisory team.
  • Romanian developer One United Properties has appointed a certified expert accountant, Cosmin Samoilă as Chief Financial Officer.
  • Cornelia Dragomir has been promoted to Associate Director Valuation within the Valuation & Advisory team of CBRE Romania.


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