ARTICLES LABELLED WITH TAG Signa Retail

09
Jan
2024

Germany’s biggest department store chain files for third insolvency

by Property Forum

Galeria Karstadt Kaufhof, Germany’s largest department store chain owned by Austrian Sign Group, has initiated its third insolvency procedure in less than four years over financial issues.

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13
Jun
2019

Signa Retail sells Kika’s Eastern European business to XXXLutz

by Property Forum

International law firm Noerr, together with Vienna-based Austrian law office Arnold, have advised Signa Retail on the sale of Kika’s Eastern European business to XXXLutz. The parties signed the contracts on the sale of the 22 locations in the Czech Republic, Hungary, Romania and Slovakia on April 26, 2019. The transaction has included both the operational retail business with over 1,500 employees and the 22 properties.

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Latest news

New leases

The Irish Embassy in Poland will remain in its current location in the Liberty Corner building in Warsaw for the next ten years. It occupies 750 sqm of office space. JLL advised the tenant during the negotiations.
Arla Global Shared Services will move its local headquarters to the Punkt office building in Gdańsk. The company has leased nearly 10,000 sqm of space, to which it will move in early 2026.
Spanish clothing brand Zara, owned by Inditex, is closing its shop in the Wars Sawa Junior complex in Warsaw. Its place will be taken by Uniqlo, which has been operating in the facility as a pop-up store since 2021. The Japanese-origin clothing brand Uniqlo has so far been present in the complex in the form of a temporary shop of around 800 sqm. The space vacated by Zara has allowed the brand to occupy almost 1,800 sqm.

New appointments

Colliers has announced the appointment of Grzegorz Sielewicz as Head of the Economic and Market Analysis Department for Central and Eastern Europe (CEE). His role will cover Bulgaria, the Czech Republic, Hungary, Poland, Slovakia, and Romania.
Genesis Property has appointed Flavia Schoech as COO, tasked with leading the development and alignment of the operational strategy of the developer.
Beata Rodziewicz joins the Corees Polska team as Leasing Director. She will be responsible for the commercialisation of office buildings.

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