ARTICLES LABELLED WITH TAG retail

NEPI Rockcastle announced that, through its subsidiary NRP Shopping Centre Project Two s.r.o., it has signed a binding agreement to acquire 100% of the shares in MLYNY, a.s., being the owner of Galeria Mlyny shopping centre in the city of Nitra in Slovakia from a group of local investors. The aggregate purchase price for Galeria Mlyny was €121.8 million.

AFI Europe Romania finalised the acquisition of a land plot in Bucharest, in the proximity of AFI Park 1-5 and AFI Cotroceni shopping mall, with a surface of approximately 43,000 sqm, in a transaction worth €23 million.

CPI Property Group announced the disposal of five small retail properties located in regional cities of northern Czech Republic, totalling approximately 25,700 sqm.

19 % of all existing shopping centres in the Czech Republic have been refurbished to date. Further revitalizations are yet to be completed, according to Cushman & Wakefield.

Nova Imobiliare announced the €30 million expansion of Colosseum Mall, in the north-western area of Bucharest. Construction is scheduled to start later this year and the inauguration will take place in the first half of 2019.

EPP has announced the acquisition of the King Cross Marcelin Shopping centre for €91.1 million. This marks the group’s first entry into Poznan, adding to the group’s portfolio of eighteen retail projects. The property is being purchased through its wholly-owned Polish subsidiary, EPP Development 7 SP.z.o.o from Poznań onkil S.A. which holds its legal title to the property. The initial yield of the acquisition is 7.30%.

NEPI Rockcastle, through its subsidiaries, has acquired Aura shopping centre in Olsztyn, Poland for €64.9 million and Ozas shopping centre in Vilnius, Lithuania for €124.6 million.

MAX Immo has been appointed as an exclusive partner for the leasing of City Palais building situated in Prague’s “Golden Cross”. Redevco, the owner of City Palais commissioned MAX Immo to secure the leasing. The building provides office, retail and residential space on an area of 7,500 square metres.

The location and the commercial offer are the most important criteria taken into consideration by parents visiting shopping centres with children – these are the main conclusions from the research conducted by Colliers International in cooperation with the Polish Council of Shopping Centres (PRCH) and Ariadna (research agency) in the eight biggest Polish agglomerations in terms of shopping centre child-friendliness.

Forum Gdańsk opened its doors officially to the public. This modern urban shopping destination is situated in the inner city of Gdańsk and offers 62,000 sqm GLA of retail, a multi-screen cinema, leisure facilities, restaurants and 1,100 parking spaces. Forum Gdańsk also includes a boutique hotel and the multi-functional Gdańsk Heritage Centre. The centre boasts a new public transport hub and is adjacent to the main railway station, the Old Town and key municipal buildings. Multi Poland, part of Multi Corporation, the Gdańsk municipal authorities and PKP Polish Railways cooperated on this major project. Multi developed the project and is responsible for the management of Forum Gdańsk. The total investment, including road infrastructure development, was approximately €194 million.