ARTICLES LABELLED WITH TAG retail

At the country level, the share of retail parks in modern retail stock is constantly growing, at the end of H1 2023 claiming 39% of the market, according to a CBRE report. 

AFI Europe has completed the construction of its first retail park developed in Romania, located in the city center of Arad, with its inauguration scheduled for November 1. 

Duda Development has sold a Silesian retail park portfolio to a private investor. Avison Young represented the purchaser. The price has not been disclosed.

Cushman & Wakefield has released a summary of retail market conditions in Poland. Approximately 200,000 sqm is likely to be added to the market by the end of this year. Most of that total will be delivered in retail parks that account for 77% of the development pipeline, which will be consistent with the trend seen in recent years. Rental rates are on an upward year-on-year trajectory while the average vacancy rate in the largest Polish cities has dipped by 1.2 pp year-on-year. 

Eshel Pesti has assumed the position of the new CEO of G City Europe. Or Ackerman will be the new Group Chief Financial Officer (CFO). 

For many real estate market leaders who came to Expo Real 2023, it was an opportunity to look for new investment opportunities in the face of more difficult macroeconomic and economic conditions in the world. Experts from Walter Herz advisory agency share their insights on the current situation in the Polish property market. 

Shopper Park Plus (SPP) shares are now available for subscription, paving the way for the first euro-based listing on the Budapest Stock Exchange (BSE). The shares of the regulated real estate investment pre-trust, which owns a portfolio of 18 retail units, will be offered for sale through OTP Bank and Concorde as distributors.

Inflation across Europe is cooling down but interest rates are still at historical highs. Leading bankers and investment experts discussed at last month's CEE Property Forum 2023 in Vienna how their financing strategies were adapting.

Just ahead of the Expo Real investment fair in Munich, experts of Avison Young presented an overview of the current situation in the Polish commercial real estate market. 

Shopper Park Plus Zrt., a regulated real estate investment holding company that owns and operates a portfolio of 18 retail properties, aims to float new ordinary shares and to list its ordinary shares in the BSE Premium category. Retail investors can subscribe for shares from October 9, 2023, with OTP Bank Nyrt. and Concorde Értékpapír Zrt. as distributors. Retail share subscription opens on October 9. 2023. In addition to professional investors, Hungarian retail investors will also be able to participate in the Budapest Stock Exchange’s (BSE) first euro-based initial public offering.