ARTICLES LABELLED WITH TAG retail

Echo Investment has had another successful year. The obtained net profit of PLN 189 million mainly results from handing over to customers 1,622 apartments built by Echo Investment, as well as 1,128 apartments of Archicom, an increase in the value of office buildings and stronger performance of the Libero shopping centre.

Almost 40,000 sqm was leased in retail and 25,000 sqm in the office segment. From the beginning of 2022, the entire office portfolio fully relies on green energy.

Romania's commercial property market has remained liquid throughout the pandemic period, with total investment volumes reaching €1.83 billion over the 2020-2021 period, up 8.7% versus 2018-2019, according to a report by real estate consultancy Cushman & Wakefield Echinox.

Multi Corporation, one of the largest commercial asset management companies in Europe, announced the completion of a management buyout from funds managed by Blackstone.

The year 2021 was a breakthrough for the Capital Park Group. The company completed the revitalisation of its flagship investment project, the Norblin Factory in Warsaw’s Wola district. The Capital Park Group generated a consolidated net profit of PLN 245.6 million. The Group decided to publish its first sustainable development report.

The former EuroCenter was transformed into a modern shopping centre with a leasable area of ​​25,000 sqm, accommodating 100 stores and a service function.

CREAM Property Advisors is now responsible for leasing the retail space of the Galeria Bemowo shopping centre in Warsaw.

On March 8th 2022, EPP was delisted from the Johannesburg and Luxembourg stock exchanges with the support of the vast majority of the company's shareholders. The new owner of EPP is Redefine Properties, the second-largest Real Estate Investment Trust (REIT) listed on the Johannesburg Stock Exchange. There have also been changes in the EPP portfolio. The company has sold part of the assets by establishing two joint ventures and signed preliminary sale agreements for the Towarowa 22 and Power Park Opole projects.

Poland’s convenience retail market has seen dynamic growth during 2020 and 2021 with several significant investment transactions closed and many new developments launched. Michał Ćwikliński MRICS, Principal, Managing Director and Paulina Brzeszkiewicz-Kuczyńska, Research and Data Manager at Avison Young in Poland talked to Property Forum about the trends driving this market segment.

Unibail-Rodamco-Westfield has been awarded BREEAM In-Use v.6 for its Westfield Arkadia, Galeria Mokotów and Galeria Wileńska shopping centres in Warsaw, all of which were rated as ‘Excellent’ for asset performance.