ARTICLES LABELLED WITH TAG retail

The European luxury retail market has been thriving, with 83 new luxury stores opening in 2024 across 20 key shopping streets in 16 cities and 12 countries, according to Cushman & Wakefield’s latest insights.

Linklaters has advised Nhood and Ceetrus on their partnership with Apsys, which aims to transform the commercial market in Poland by initiating innovative and sustainable development projects. Their first cooperation will be Wilanów Park shopping centre in Warsaw. 

Shopper Park Plus Nyrt has acquired a portfolio of four retail parks on behalf of its Slovakian affiliate, directly from Tesco in a sale and leaseback transaction. The four retail parks are located in Žilina, Nitra, Trnava and Dunajská Streda, with each of the centres being anchored by a Tesco grocery store on a new long lease. 

The qualified investor fund REALIA FUND SICAV has expanded its portfolio with another acquisition in northern Moravia.

CTP has announced the retailer Biedronka moving into a new 28,700 sqm logistics facility at CTPark Voderady in Western Slovakia, marking its entry into the Slovakian market. 

157 studios from 33 countries in Europe, America and Asia have applied to the competition for the revitalisation of a brownfield and the construction of new city blocks in Prague's Florenc. An international jury led by renowned German architect Stefan Behnisch has selected the advancing teams of four concurrent architectural competitions. 

Hagag Development Europe is preparing to reopen the Știrbei Palace on Calea Victoriei, in H2 2025, as a luxury department store. 

Passerinvest is proceeding with constructing the Hila project in Prague's Brumlovka according to the set schedule. Since the beginning of 2025, the concreting of the foundation slab has been completed and the construction of the basement parts of the building is now underway.

The King Cross Zagreb shopping centre has completed the first phase of a major renovation project, following an investment of more than €40 million carried out by its owner, SES Spar European Shopping Centers.

GTC has announced financing extension for Galeria Jurajska shopping centre in Częstochowa (southern Poland). The amended credit agreement extends the loan maturity by 5 years, with a remaining balance of €100.65 million. The financing is provided by Erste Group Bank AG and Raiffeisenlandesbank Niederösterreich-Wien AG.