ARTICLES LABELLED WITH TAG retail

Mitiska REIM has announced the opening of a new retail park in Pitești, the first of four new retail projects that the investor plans to open in Romania in the next two years. 

Realia Fund Sicav has completed the acquisition of two retail parks, and the fund portfolio's value now exceeds CZK 2.2 billion (€86.8 million). A transaction with a total volume of approximately CZK 180 million (€7.1 million) concerns retail parks in Pilsen and Frýdek-Místek.

The owner of the Máj shopping centre on Národní Street in Prague, Amadeus Real Estate (ARE), closed the children's playground on the building's roof in August due to missing permission and is now also closing the indoor playground named Lvíčkov (Little Lion Land), reports E15.cz.

Gestor, a Hungarian private real estate investment and asset management company has acquired the Portal Mediterraneo retail park in Spain from Mitiska REIM. Savills acted as an intermediary in the successful transaction. 

The construction of Przystanek Karkonosze, which is being developed in Miłków on the outskirts of Karpacz (southern Poland), has started. Redkom Development, which is developing the facility, has announced that the complex will be delivered in Q2/Q3 2025

Galardia Shopping Center in Starachowice (Central Poland), developed from a greenfield by Stage Capital and Sierra Balmain, has a new owner – Future Estate. The agreement finalizing the transaction was signed on September 26, 2024. Avison Young's investment team represented the seller as the exclusive sales agent. The price has not been disclosed. 

The Olympia Teplice shopping centre and business zone from CPI Property Group's portfolio is expanding. The enlarged shopping centre is planned to offer almost a hundred stores in an area of 43,000 sqm.

The Prague City Council has approved the next step in the investment preparation of the mixed-use project at the corner of Durychova and Libušská Streets in Prague 4. The development managed by Pražská Developerská Společnost (PDS) is in the centre of the new city district Nové Dvory and above the new subway station on line D. 

NEPI Rockcastle has acquired the 100,000 sqm Magnolia Park shopping centre in Wroclaw, Poland, from Union Investment in an off-market transaction. The sale price amounts to €373 million. Union Investment acquired Magnolia Park in 2017 for the portfolio of the open-ended real estate fund UniImmo: Europa. 

NEPI Rockcastle has completed the expansion works for the Shopping City Ploiești project.