Square 7 Properties and Mitiska REIM have inaugurated Pitești Shopping Park, a new shopping center located in the northern area of Pitești, following an investment of €19 million.
Real estate investment group M Core has launched a strategic venture with Square 7 Properties for the management of 25 retail parks in Romania that it purchased at the end of last year.
Square 7 Properties and Belgian investment fund Mitiska REIM will open this week Giurgiu Shopping Park, which has a leasable area of 7,000 sqm. The general contractor of the project was Austrian construction firm Strabag.
The Slatina Shopping Park, located in Southern Romania, has reached a total commercial area of 8,700 sqm following an extension completed by Square 7 Properties and Mitiska REIM investment fund.
Around 100,000 sqm of new retail spaces should be completed during 2022 in Romania, of which more than 80% are located in retail parks, according to a report by real estate consultancy Cushman & Wakefield Echinox.
Arup has extended its lease agreement in the Korona Office Complex owned by GTC. The project based in central Krakow has a leasable area of 38.250 sqm spread across four buildings.
Arvato has extended its warehouse lease agreement at Prologis Park Błonie near Warsaw. The company has increased its occupied warehouse space by an additional 8.9 thousand sqm. The total area leased by Arvato is now 14.2 thousand sqm in building DC7.
DB Schenker has leased 5,000 sqm of industrial space in Olympian Parks Cluj, in a deal brokered by Simon, Iuga & Partners.
New appointments
Carmen Ravon will be the new Head of Retail for CEE at CBRE starting February 1st. With over 17 years in retail real estate, she has worked with top international brands and provided valuable portfolio optimization and leasing advice.
Katarzyna Kopszak-Dziurnikowska, the organisation's former Chief Investment Officer, has joined the board of Apsys Polska. She started work in her new position on 1st of January, 2025.
Małgorzata Głowicka has joined Ceres as Chief Financial Officer responsible for Central and Eastern European markets. The company provides services in the areas of property management, project commercialisation, construction, redevelopment, modernisation and repositioning of properties.
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