The share of food & beverages in modern shopping centres in Sofia is two to three times below the European benchmark, according to the latest report by Colliers International. From 5% a decade ago, it grew to 10-15% of GLA in European cities in present times and is forecasted to reach 20% by 2025. The share of F&B in Sofia shopping centres is about 6% or 20,000 sqm of the total space.
Developments in Serbia, the newest country in the CTPark Network, are fully underway. CTP is developing Class A properties around the capital Belgrade and other regional cities to respond to the growing demand in this new CEE business hotspot.
Irish fashion retailer Primark opened its first store in Slovenia at Citypark in Ljubljana. The mall was completely renovated around the popular anchor tenant by Citypark operator SES Spar European Shopping Centers, following a refurbishment investment of €20 million.
Following the expansion of its retail real estate portfolio in Serbia this year, UK-based property investor, developer and asset manager Poseidon Group continues to strengthen its Capitol Park network in Southeastern Europe by opening 10 new locations by 2020 in Croatia.
Group BIG CEE Serbia entered into a partnership with Fashion Company to acquire one more commercial centre in Serbia, Fashion Park Outlet Indjija. BIG Group acquired the majority of shares (67.5%) in this project, with Fashion Company as the main partner, which holds remaining rights (27.5%).
GTC Serbia opened Ada Mall, its first shopping centre in Belgrade, Serbia. It is the only latest-generation shopping centre in the Serbian capital and covers an area of over 34,000 sqm. This extraordinary shopping mall was designed to provide its visitors with a unique Belgradian shopping experience.
The phenomenal growth of the ‘flex’ sector is set to continue apace in years to come, with flexible workspace in EMEA grow by over 50% by 2022 and the number of office workers occupying this space growing to 750,000 across the region. That’s according to global real estate advisor, Colliers International, which recently released its Flexible Workspace Outlook Report 2019.
The first building of the Green Heart complex in Belgrade has been officially opened. Nordeus, independent mobile gaming company based in Belgrade, chose GTC’s office centre to create their new studio. To accommodate a team of 170 people, the creator of competitive games leased 6,000 sqm across seven floors with three additional underground levels for parking.
Cushman & Wakefield has extended its exclusive affiliation with CBS International to enter the Croatian market, expanding its wide array of integrated property services to one of the youngest EU countries.
Since the beginning of April Novaston Marketing Consultancy has taken over all marketing activities for Rajićeva Shopping Center in Belgrade, from BTL to PR and digital.
108 Agency has mediated a lease of 7,700 sqm for the company DSV Solutions in Prologis Park Prague-Airport. DSV Solutions provides and manages supply chain solutions.
TECH LIGHT, a manufacturer and designer of LED lighting profiles, has relocated to Panattoni A2 Warsaw East Park, situated next to Stary Konik junction near Warsaw. The tenant moved into 1,200 sqm of warehouse and office space already in August. AXI IMMO provided comprehensive advisory services for TECH LIGHT.
Eli Lilly has extended its office lease of 900 sqm in Bucharest Business Park. The pharmaceutical company has been a tenant in the project since 2006. The office complex is owned by CA Immo. Real estate consultancy CBRE worked on the lease extension.
New appointments
From mid-October this year, Kornél Kalapács is taking up the position of Managing Director of Codic Hungary, the company announced. With around 30 years of experience in real estate development and construction, he will strengthen Codic's Hungarian subsidiary, which will hand over the Green Court Office A building under his management next month.
Mateusz Gołembiewski will head up JLL's HR organisation in the CEE and Russia region. He has 15 years of experience in developing company strategies and operations in this field, and will lead the HR teams in Poland, the Czech Republic, Romania, Slovakia, Hungary and Russia.
The Urban Land Institute (ULI) has announced the appointment of Søren Rodian Olsen, managing director of Logicenters at NREP as chair of ULI Poland. He succeeds Dorota Wysokińska-Kuzdra, senior partner at Colliers, and officially began his voluntary two-year term on 1 October 2021.
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