ARTICLES LABELLED WITH TAG retail

Indotek Group has announced the acquisition of three retail galleries in Greece, as part of a strategic push in Southern Europe.

Prime rents on Europe’s leading shopping streets, in shopping centres, and retail parks have increased on average during 2024. Leisure concept operators have been the most active segment, occupying 20% more floor space year-on-year, according to a study by Cushman & Wakefield. 

Recent market data by CBRE confirm the resilience of the industrial and retail sectors, which are seeing a sustained pace of construction this year.

The Czech retail has been performing well, shows Shopping Centre Index from CBRE monitoring the the last year. The positive trend has been significantly contributed by the growth of real wages  supporting higher customer confidence together with the low level of inflation.

Newgate Investment (NGI) and Redkom Development are collaborating to introduce the first large retail park in the region of the city of Bydgoszcz (northern Poland). It will feature a diverse range of shops, service points, restaurants, and recreational facilities. This marks NGI's first forward funding transaction in the Polish market. The new retail park will cover approximately 16,000 square meters (GLA) and will be constructed and commercialised by Redkom Development, with NGI financing the development process.

Newgate Investment has completed the purchase of a retail park located at 135 Bydgoska Street in Piła. This facility features a leasable area of 15,943 square meters and is situated in a traditionally commercial zone, having previously housed a Tesco hypermarket. The proce has not been disclosed.

BIG Poland has expanded its portfolio by acquiring the Multishop Suwałki retail park with 13,000 sqm of space. The company now owns 9 fully commercialized retail parks in Poland, totalling 175,300 sqm of GLA. The price has not been disclosed.

Hagag Development Europe has announced the acquisition of 50% of a multifunctional building near Herăstrău Park, as part of a partnership with Niro Investment Group.   

COOP Jednota has opened a new ecological non-stop supermarket in Prievidza in central Slovakia. The entire complex has been built as a wooden building. 

The Natland investment group has become a co-investor and partner of WOOD & Co. in the acquisition of the VIVO! shopping centre and myhive office buildings in Bratislava.