ARTICLES LABELLED WITH TAG retail

Bank Pekao, in collaboration with Berlin Hyp AG granted a €125 million investment loan to Promenada Shopping Mall. Pekao is also acting as the Loan and Security Agent for the transaction.

Real estate group NEPI Rockcastle has recorded a net operating income of €365 million in the first nine months of 2023, up by 23% compared to the same period of last year. The result was boosted by improved tenant sales and the contribution of the acquisitions completed during 2022.

Real estate investor and developer GTC has recorded a like-for-like rental revenue growth of 6% in the first nine months of 2023 compared to the same period of last year. At the same time, the gross margin from rental activity slightly rose to €92 million.

The European Bank for Reconstruction and Development (EBRD) is boosting the development of green commercial real estate in the Western Balkans, with a debt package of up to €100 million to be used by BIG CEE for the company’s regional expansion.

M Core has opened another retail park in Łochów near Warsaw. It's the 46th retail park under M Park brand in Poland.

CEE's modern industrial and warehouse space exceeded 59 million sqm in H1 2023. In twelve months, over 7,6 million sqm was completed, expanding the market by 16%, and currently, an additional 5 million sqm is under construction. With a 19% share of the total size, the Czech Republic is the second largest market in the region, the first is Poland with 52%. The demand is decreasing, but the nearshoring trend presents new opportunities. Cushman & Wakefield presents its latest findings. 

Indotek Group has announced the strategic acquisition of Galleria Porta Siena on LinkedIn. Galleria Porta Siena, a prime commercial property located in the heart of Siena, joins the group's growing portfolio of Italian retail assets.

Total investment transactions in Romania’s commercial property sector stood at €62.4 million in Q3 2023, with 32% of the total volume represented by sale-and-leaseback transactions, according to a CBRE report.

Slovakia’s economy surpassed expectations in H1 2023 with the automotive industry leading the charge. The industrial sector flourishes with robust take-up and diversified supply and there is also a continuous rise in rents in all submarkets. Resilient take-up but robust new supply caused rising vacancy, stabilized fit-out costs, rising rents and yields. Cushman & Wakefield published its Marketbeat Analysis for Q3 2023. 

Hagag Development Europe has kicked off the construction works for the consolidation and repurposing of Știrbei Palace on Calea Victoriei. The building will be transformed into H Știrbei Palace, the company's first retail project in Bucharest.