Portuguese group Sonae Sierra announced that it purchased the 50% stake held by its former Joint Venture partner Caelum Development in Bucharest’s ParkLake shopping centre with the intention of consolidating its presence in Romania.

MAS Real Estate, through a subsidiary, has acquired the Atrium Mall Shopping Centre in Arad, Romania from Cosmovia Holdings Limited, a member of the Demján Group based in Hungary.

Polish sportswear retailer, 50 Style, opened in October its first store in Romania, in Bucharest’s Iris Shopping Center, Titan area, on a surface of 315 sqm. Its entry on the local market confirms the real estate consultancy company’s, Colliers International Romania's, view of the Polish brands’ goal to expand in the Eastern European region, especially in Romania, where consumption has steadily increased in recent years.

Futureal Group has exited its €19 million mezzanine financing provided to Caelum Development for the development of ParkLake shopping centre in Bucharest, Romania. The 70,000 sqm GLA project was developed by a joint venture between Sonae Sierra and Caelum Development. Futureal Group will intensify its activity in Romania through its residential investments subsidiary, Cordia. The company has recently announced a €50 million worth of investment plan in Bucharest for the next year, part of a long-term roadmap for the local market. Cordia division plans to deliver about 500 apartments per year, designed for medium and medium high segments.

CPI Property Group unveiled its new plans and projects at MAPIC. The Group plans to refurbish the Campona shopping centre in Budapest, extend Královo Pole in Brno and Olympia in Pilsen and remodel the food court in the Ogrody shopping centre in Elblag, Poland.

Futureal Group celebrated the launch of its €300 million Etele Plaza’s construction with a foundation stone laying ceremony. Buda's biggest shopping centre is a key element of the group’s property development projects s in Budapest’s 11th district.

Ceetrus Romania is investing €10 million in the expansion of its shopping mall in Satu Mare, Romania. The new commercial space will be completed in Q3 2019, the company said in a press release.

The growth in new European shopping centre space has started to slow, as mature European markets begin to reach the peak of space required, according to the latest research from Cushman & Wakefield.

Atrium Polska opened the extension of its Atrium Targówek shopping centre in Warsaw. On 25 October, a new fashion alley was opened with 32 shops, introducing 27 new brands to the shopping centre. The food court area has also received a new upgraded look. Following the remodelling, 8,600 sqm of new leasable area was added to bring the total GLA to 60,600 sqm.

Diófa Asset Management, on behalf of its Magyar Posta Takarék Real Estate Fund, has reopened the Shopmark shopping centre in the southern part of Budapest. The complete overhaul the 24,000 sqm building was started in February by KÉSZ Építő Zrt.