ARTICLES LABELLED WITH TAG retail

Doron Klein, the CEO of AFI Europe Romania and The Czech Republic, has been appointed as Deputy CEO of AFI Europe group, in addition to his current position. 

Metro Bulgaria opened its first renovated franchise site in Bulgaria under the name "My Store". The program is one of the main company projects – a soft franchise model that brings together independent traders under one brand.

UDI Group is adding another project to its portfolio. It will build a suburban retail centre in the village of Líbeznice north of Prague. According to the developer, a similar centre with a supermarket and several smaller retail units at one address with quality parking facilities is still missing in this village of 3,000 inhabitants. UDI Group estimates the investment at CZK 100 million (€4.2 million).

Bulgaria, with its growing economy and increasing consumer spending, has witnessed a recent surge in the construction of retail parks across the country. A total of 13 projects are under active construction and another 9 are at different stages of planning. The outlook for the retail park market in Bulgaria over the next year is positive, according to the latest report by Colliers.

Neinver and Nuveen Real Estate have successfully raised around €170 million in debt financing for the Polish portfolio of Neptune, a joint venture between Neinver and TIAA.

Although anti-pandemic measures were still lingering on the Czech retail market at the beginning of last year, an early return to normal was expected. However, the war in Ukraine has fundamentally influenced further economic development, especially in the countries of Central Europe, including the Czech Republic. The rapid rise in prices (inflation increased by 15.1% year-on-year) and energy expenses were met by a further decline in already weakened customer confidence. How did this affect shopping centres in the Czech Republic? And what is the current sentiment on the market not only among customers but also the retailers themselves? CBRE tried to answer these questions in its annual Shopping Centre Index analysis, which is complemented by two current surveys focused on the development of customer behaviour and expectations on the part of retailers.

Polish retail developer Scallier has inaugurated a new retail park in Vaslui, spanning 10,000 sqm. This is Scallier’s fifth retail park in Romania and its total footprint in the country has climbed to 40,000 sqm of leasable space.

Danish retailer JYSK announced the opening of six new stores in Bulgaria by August 2023, along with the renovation of five existing branches

Slight growth in logistics and retail space rents, despite no new mall expansion or openings being planned. These are the trends for the beginning of 2023, according to the latest report from Cushman & Wakefield Forton.

Preliminary agreement regarding the consolidation of Echo Investment's and Archicom’s residential business, high level of cash amounting to PLN 778 million, PLN 11.5 million in net profit which was mainly the result of the revaluation of Resi4Rent projects and handing over to customers nearly 300 apartments – this is a brief summary of Q1 2023 results of Echo-Archicom Group.