ARTICLES LABELLED WITH TAG shopping

27
Apr
2017

What’s next for outlet centres in Poland?

by Ákos Budai
14 outlet centres operating in Poland eye the increasing competition which will force numerous of them to undergo qualitative changes, enhance their offer and improve operational performance. Along with increasing wealth of Polish consumers, the premium offer will grow in outlet centres, according to new report “Bargain hunting. Potential of outlet centres in Poland” released by Colliers International and IQS.
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09
Feb
2017

Retail developers go for regional cities in Romania

by Ákos Budai
The Romanian retail market continued to expand in 2016 with total stock reaching 1.22 million sqm in Bucharest and 2.3 million sqm in regional cities. For 2017 no major retail project is scheduled for completion in the capital, while 130,000 sqm are expected to be delivered in regional cities. DTZ Echinox Romania published its retail reports for 2016.
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03
Feb
2017

Plaza Centers completes sale of Suwałki Plaza

by Ákos Budai
One of the subsidiaries of Plaza Centers has completed the sale of Suwałki Plaza shopping and entertainment centre in Poland to an investment fund for €42.3 million, which is in line with the last reported book value, the company reports.
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30
Jan
2017

C&W manages one more Czech shopping centre

by Ákos Budai
With effect from this January, Cushman & Wakefield is the manager of both shopping centres in Mladá Boleslav. Both Olympia Mladá Boleslav, which Cushman & Wakefield has been managing since 2015, and Bondy shopping centre are now under the management of one company. CPI Property Group owns both centres.
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16
Jan
2017

CBRE GI acquires Prague shopping centre from Tesco

by Ákos Budai
CBRE Global Investors has acquired, on behalf of a separate account client, Prague’s Letňany Shopping Centre from Tesco. The value of the transaction has not been disclosed.
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22
Dec
2016

IAD Investments makes record purchase in Slovakia

by Ákos Budai
Slovak investor IAD Investments, acting through its fund Prvý realitný fond o.p.f., has purchased Laugaricio Shopping Centre in Trenčín, Slovakia. The original owners were private investors represented by Mint Investments. This sale, the largest property transaction in Slovakia this year, was brokered by Cushman & Wakefield. 
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19
Dec
2016

Rockcastle completes acquisition of Olsztyn mall

by Ákos Budai
As announced in October 2016, Rockcastle concluded a preliminary agreement to acquire Galeria Warmińska shopping centre in the city of Olsztyn in Poland from Galeria Warmińska Spółka z Ograniczoną Odpowiedzialnością Spółka Komandytowa. All conditions precedent have been met and the transaction was concluded effective as of 15 December 2016.
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14
Dec
2016

Echo Polska acquires Krakow mall for €54 million

by Ákos Budai
An opportunity fund advised by Tristan Capital Partners, a pan-European real estate investment manager, has agreed to sell the Zakopianka Shopping Centre in Krakow, Poland, to Johannesburg-listed Echo Polska Properties for approximately €54 million.
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08
Dec
2016

Futureal Group sells Polish shopping centre for €88.5 million

by Ákos Budai
Futureal Group has sold its Polish retail asset, Nova Park to a joint-venture formed by MAS Real Estate Inc. and Prime Kapital Limited for €88.5 million. Over the last four years Nova Park, located in central Gorzów in western Poland has become the largest shopping centre in the region with a catchment of 370,000 people. 
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06
Dec
2016

Polish retail market continues to expand

by Ákos Budai
2016 was marked by the wait for the Posnania shopping centre to open, with its 60,000 sqm of Gross Leasable Area (GLA). However, next year we will see the opening of as many as three buildings with an area of over 60,000 sqm of GLA: Galeria Północna in Warsaw, Wroclavia and Forum Gdańsk.
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Latest news


New leases

  • 108 Agency has leased 280 sqm of commercial space for Bikero, a supplier of sports equipment, at BB Centrum Building B in Prague, owned by Passerinvest Group. The opening will take place in Q1 2021.
  • Business intelligence company MicroStrategy Poland has signed a lease agreement for 3,000 sqm of office space at Karimpol Polska's flagship investment, Skyliner in Warsaw. The tenant was represented in the negotiation by AXI IMMO.
  • TEREZ Performance Polymers, a producer of engineering plastics, has leased more than 5,000 sqm of warehouse space in 7R City Flex Rzeszów Airport (Poland). The tenant was advised during the transaction by real estate advisory firm Savills.

New appointments

  • Alina Dima was promoted Senior Property Manager at Cushman Wakefiled Echinox in Romania. With 11 years of experience, she will coordinate all suppliers and teams involved.
  • Cushman & Wakefield announced that Magsud Rahmanov MRICS was appointed Head of Hotel Transactions CEE & SEE.
  • Krzysztof Poznański has replaced Radosław Knap as Managing Director of the Polish Council of Shopping Centers.


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