ARTICLES LABELLED WITH TAG retail

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.

Centerscape Investments has closed the acquisition of a retail park portfolio from Hunter REIM. Avison Young represented the seller in the transaction.

Multi Forum is a multi-tasking facility management application developed for Multi Corporation by a Dutch proptech startup. Data from several Multi managed shopping centres across Europe shows efficiency benefits. The Multi Forum app is now used in five out of the six shopping centres managed by Multi in Poland.

Net profit of PLN 51 million, an increase in the value of office projects under construction and handing over to customers 399 apartments – this is a brief summary of Q1 2022 results of Echo Investment Group. The developer also published its second sustainability report where it summarised last year's achievements and results in the areas of environmental, social and corporate governance.

The retail park in Pleszewo is a project located at 24 Armii Poznańska Street on the main route from Koszalin to Poznań. The facility was built on an area of over 10,000 sqm and offers 3,548 sq m of GLA. Its tenants are the international network brands known in Poland as well as local companies.