ARTICLES LABELLED WITH TAG retail

Institutional investors have acquired Echo Investment's bonds with a total value of PLN 195 million. The obtained funds will be allocated to the company's development, particularly in the promising residential sector.

Over 80% of the new retail space expected to be completed in 2021 will be in the form of retail parks, including smaller strip malls, highlighting a market shift towards proximity-based schemes or those with a smaller financial footprint for the developer, according to Colliers International Romania. 

Slovak company KLM CHG intends to build a new retail park near Chorvátsky Grob in the Bratislava Region with three separate buildings, following an investment of about €6.5 million.

The activity on the Bulgarian real estate market was strongly affected by the COVID-19 crisis, but we saw more resilience for the investment and industrial sectors which registered both an increase during the last year. For 2021, the forecasts are still positive for the investment property market and for the industrial development sector, according to the Sofia City Report H2 2020, released by JLL Romania with the support of IPC Partners Bulgaria.

Trei Real Estate’s development portfolio grew by 33 percent to €1.2 billion in 2020 from €900 million in 2019. The sum total breaks down into €1.0 billion in residential real estate and c. €200 million in retail real estate. The proprietary portfolio of Trei maintained its total of c. €1.2 billion and it includes 349 assets.

OTP Bank announced that it is granting a loan of approximately €9 million to Oasis Retail Development & Consulting, for the construction of the Prima Shops Sibiu retail park.

Eurocash has acquired 49% stake in Arhelan retail chain, which operates over 100 stores in north-eastern Poland. The investment in Arhelan is in line with the development strategy of the group, as it aims to create the largest supermarket chain in Poland based on owned and franchise stores. 

The Polish anti-monopoly regulator UOKiK has approved the takeover of the Polish branch of the British retailer Tesco by its Danish competitor, Salling Group, operator of the Netto discount store chain.

Panattoni is to deliver a dedicated facility for TJX Europe - the owner of the TK Maxx brand and a leading off-price clothing and homeware retailer. The 61,135 sqm distribution centre will be located in Sulechów, Western Poland. This facility will help to supply products to TK Maxx shops in Poland, Germany, Austria and the Netherlands. Real estate advisory firm Cresa represented TJX Europe in the transaction.

Chariot Top Group BV, a company managed by Griffin Real Estate, has sold 4 retail parks, completing the third and the last tranche of retail assets acquisition by EPP. It is the biggest retail transaction on the Polish real estate market in terms of volume since the beginning of the pandemic.