ARTICLES LABELLED WITH TAG shopping

07
Oct
2020

Futureal’s Budapest retail project secures new tenants

by Property Forum
Etele Plaza, developed by Futureal in Budapest’s Kelenföld area, has reportedly reached an occupancy rate over 75%. The shopping centre, planned to be completed by Q3 2021, will feature every Inditex brand available in Hungary, including a Zara fashion store featuring a brand new design concept.
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24
Sep
2020

Local investors acquire Brno shopping centre

by Property Forum
Czech investment group Portiva and Micronix have acquired the Central Kladno shopping centre in Brno from Crestyl for approximately €74.8 million (CZK 2 billion).
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21
Aug
2020

Prime Kapital and MAS Real Estate open new mall in Romania

by Property Forum
Developer Prime Kapital and investment partner MAS Real Estate have opened 33,000 sqm GLA Dâmboviţa Mall shopping centre in the city Târgoviște, 80 km northwest of Bucharest.
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10
Aug
2020

Polish shoppers return to the stores from the online world

by Property Forum
Ever since shopping centres in Poland were reopened in May, the share of online sales in total retail sales has been falling steadily - it stood at 7.7% in June compared with 9.1% a month earlier and 5-6% before the pandemic. Cushman & Wakefield has summarised Q2 2020 on the Polish retail market.
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10
Aug
2020

Atrium completes sale of Polish convenience retail portfolio

by Property Forum
Atrium European Real Estate has completed the sale of five retail assets in Poland to Metropol Group. The value of the transaction remains confidential. The seller was represented by the Avison Young and JLL investment teams throughout the transaction.
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30
Jul
2020

Romania’s retail stock to exceed 4 million sqm by year-end

by Property Forum
The modern retail stock in Romania, consisting of shopping centres, retail parks and commercial galleries with a leasable area of ​​at least 5,000 square meters, has reached 3.96 million square meters and will exceed the 4 million sqm threshold until the end of the year, according to Cushman & Wakefield Echinox.
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23
Jul
2020

Poland's retail parks perform well post-lockdown

by Property Forum
According to data from the Polish Council of Shopping Centers, footfall in shopping malls range from 62 to 73% when compared to last year’s numbers. The pandemic has changed the habits of Poles who are planning their shopping in a more thoughtful, cautious and safe way. In the new reality, small-format shops located close to home are attracting more visitors. By the end of May and after negotiations between owners and tenants had been completed, almost all shops in retail parks were operating. Some of these shops are now recording a turnover of 160% of pre-lockdown levels.
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20
Jul
2020

COVID-19 accelerates changes in Poland’s retail sector

by Property Forum
The drop in footfall numbers in the majority of shopping centres combined with a drop in turnover, as well as ongoing talks between tenants and shopping centre owners have caused a slowdown or even temporary suspension of development plans of some retail chains, especially those in the fashion sector. JLL summarised conditions on Poland's retail market at the end of H1 2020.
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16
Jul
2020

Opening of Bucharest mall postponed to 2021

by Property Forum
The opening of Colosseum Mall in Bucharest, initially planned for the end of 2020, has been rescheduled for 2021, considering the unpredictability of the business environment under the impact of COVID-19 pandemic.
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17
Jun
2020

Shopping centres in Romania invest €500,000 in reopening

by Property Forum
Shopping centres in Romania have reopened on June 15. In total, investments in all equipment, supplies and staff needed to ensure compliance with the safety and social distancing measures that are still needed to prevent the spread of coronavirus. exceed €500,000 for large shopping centres, according to Colliers International consultants. Shoppers will gradually resume their pre-pandemic habits and traffic in the malls could return to normal during the Christmas season.
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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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