The year 2021 was a breakthrough for the Capital Park Group. The company completed the revitalisation of its flagship investment project, the Norblin Factory in Warsaw’s Wola district. The Capital Park Group generated a consolidated net profit of PLN 245.6 million. The Group decided to publish its first sustainable development report.

The former EuroCenter was transformed into a modern shopping centre with a leasable area of ​​25,000 sqm, accommodating 100 stores and a service function.

CREAM Property Advisors is now responsible for leasing the retail space of the Galeria Bemowo shopping centre in Warsaw.

On March 8th 2022, EPP was delisted from the Johannesburg and Luxembourg stock exchanges with the support of the vast majority of the company's shareholders. The new owner of EPP is Redefine Properties, the second-largest Real Estate Investment Trust (REIT) listed on the Johannesburg Stock Exchange. There have also been changes in the EPP portfolio. The company has sold part of the assets by establishing two joint ventures and signed preliminary sale agreements for the Towarowa 22 and Power Park Opole projects.

Poland’s convenience retail market has seen dynamic growth during 2020 and 2021 with several significant investment transactions closed and many new developments launched. Michał Ćwikliński MRICS, Principal, Managing Director and Paulina Brzeszkiewicz-Kuczyńska, Research and Data Manager at Avison Young in Poland talked to Property Forum about the trends driving this market segment.

Unibail-Rodamco-Westfield has been awarded BREEAM In-Use v.6 for its Westfield Arkadia, Galeria Mokotów and Galeria Wileńska shopping centres in Warsaw, all of which were rated as ‘Excellent’ for asset performance.

Romanian e-commerce player eMAG is investing in a new warehouse spanning more than 100,000 sqm near Budapest, which is the company’s first development of this kind outside the country. 

Polish developer Scallier has obtained the BREEAM certificate at the Excellent level for its retail park that was opened last November in Focșani. 

CPI Property Group has committed to significantly reducing its portfolio’s carbon footprint and, at the same time, encourages its tenants to do the same. The Group also invests heavily in special building management systems to reach sustainable operation even faster, says Mátyás Gereben, Country Manager at CPI Hungary who talked to Property Forum about the company’s asset management strategy on the local market.

Fashion House Outlet Centre Pallady will undergo an expansion of 5,674 sqm roughly one year after the delivery of the first phase of the project located on the eastern outskirts of Bucharest.