ARTICLES LABELLED WITH TAG retail

NEPI Rockcastle, the third biggest retail real estate company in Europe, saw its net operating income soar 21% to a record €491 million in 2023 compared to the previous year over strong sales of its tenants across the region.

The Dornych project of Crestyl Group replacing the old shopping centre in the neighbourhood of the Brno Central Station has received a building permit.

The retail sector accounted for 58% of the total investment transaction volume that reached €500 million during 2023 in Romania, according to data from iO Partners in collaboration with JLL.

Sylvie Geuten-Carpentier, Managing Partner at Mitiska REIM, talked to Property Forum about the current state of affairs in the Polish investment market, recent activities of Mitiska in CEE countries and the rising attractiveness of the retail park sector.

Focus Estate Fund has finalized the purchase of the Galeria Sandecja shopping centre in Nowy Sącz, Poland. With a total area (GLA) of 17,650 sqm, this is the seventh investment for the fund in the Polish retail sector. The seller of the property, TK Development was represented by Colliers International, while the buy side was backed by Czabański & Gałuszyński, Gleeds and KKLW. The price has not been disclosed. 

Colliers Hungary is making a return to the retail market under the leadership of Anita Csörgő. She has nearly 30 years of experience in the retail sector, including high street and shopping centre retail.

The Trigea real estate fund has officially completed the purchase of the Arkády Pankrác shopping centre in Prague. The price exceeded CZK 6 billion (€241 million), E15.cz reports. It is the largest transaction carried out by domestic retail funds in the Czech Republic.

The Brutalist monument in the centre of Prague has been closed for up to 2 years for reconstruction, reports Newstream.cz. The internal layout of the building is going to change, converting some of the floors into offices.

The industrial and logistics market in Romania reached a stock of 7 million sqm at the end of 2023, with another 500,000 sqm under development across the country, according to data by Cushman & Wakefield Echinox.

ZDR Investments has completed this year´s first acquisition, reports Newstream.cz. The fund for qualified investors has listed in their portfolio the Billa grocery store with subsequent retail in the Kunratice district of Prague.