PL

Develia fears Covid-19 impact on business

Coronavirus
POLAND Wrocław-based developer Develia (formerly LC Corp) has announced that the disruption caused by the pandemic could have a significant and potentially serious impact on the current operations of the company and its groups.

The impact can already be seen, mainly in the revenues generated by shopping centres (Develia group’s companies are the owners of two shopping centres in Wrocław: Arkady Wrocławskie and the shopping gallery in Sky Tower), the level and rate of sales of apartments, the delays in project execution as well as availability and terms of new financing.

The management board has undertaken specific measures in order to limit the negative impact of the crisis situation to its business.

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schedule 12 July 2024
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schedule 11 July 2024
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schedule 11 July 2024
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Romania Food market to open at One Gallery

schedule 10 July 2024
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Poland Sport-Shop takes up 13,000

schedule 10 July 2024
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schedule 09 July 2024
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schedule 08 July 2024
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Poland Xior has bought LivinnX

schedule 08 July 2024
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On behalf of private investors, together with CA Ventures and Golub & Co., Savills has completed the sale of LivinnX, a PBSA building in Kraków. The buyer is Xior.

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schedule 08 July 2024
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Crane ChemPharma & Energy has secured a lease for 3,000 sqm of production space within Industra Park Arad in Romania, developed by Oresa Industra. The global industrial manufacturer is a subsidiary of Crane Company.

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schedule 08 July 2024
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schedule 04 July 2024
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Poland Panattoni Park Koluszki is fully leased

schedule 03 July 2024
Opr./edited by JC

Panattoni has completed the commercialisation of Panattoni Park Koluszki and launched work to extend the centre by 14,000 sqm. Current tenants, Kamoka and Pet Republic, have taken the decision to lease the additional space.

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Czech Republic The New Danube House

schedule 03 July 2024
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schedule 03 July 2024
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schedule 03 July 2024
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schedule 03 July 2024
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P3 has announced the acquisition of a fully occupied logistics real estate portfolio, covering 269,000 sqm, from VIB Vermögen. The parties have agreed not to disclose the purchase price.

Retail & leisure

Romania The shopping basket analyzed in Romania

schedule 02 July 2024
Opr./edited by ANZ

Romanians spent EUR 36 bln in large retail chains, an amount 11 pct higher compared with 2022, out of which the FMCG spending accounted for EUR 22.5 bln (more than 60 pct share), according to the Romania Retail Snapshot 2024 performed by the Cushman & Wakefield Echinox, based on the financial results of 116 companies from 12 different retail segments.

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Poland Refield sells a package of retail properties

schedule 02 July 2024
Opr./edited by ANZ

Two more retail parks, Pasaż Kępiński and Pasaż Grodziski, have passed into the hands of investment fund Falcon Investment Management. Earlier, the fund acquired Pasaż Golubsko-Dobrzyński in 2022. The total value of the transaction amounts to more than PLN 150 mln.

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schedule 01 July 2024
Opr./edited by JC

Panattoni has reached another milestone in the development of Wrocław South Logistics Hub. As a result of a new contract, one of its current tenants is to increase the size of its leased space by an additional 125,000 sqm.

Latest in Coronavirus

schedule 30 March 2021

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schedule 24 June 2020

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schedule 14 April 2020

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schedule 03 April 2020

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schedule 02 April 2020

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schedule 31 March 2020

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schedule 31 March 2020

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POLAND Dariusz Miłek, the president of footwear and accessories retailer CCC and Ultro Holding, the owner and manager of Cuprum Arena in Lubin and Korona in Kielce, has decided to cancel rent collections from tenants whose outlets have been forced to close during the Covid-19 emergency.

schedule 31 March 2020

Develia fears Covid-19 impact on business

POLAND Wrocław-based developer Develia (formerly LC Corp) has announced that the disruption caused by the pandemic could have a significant and potentially serious impact on the current operations of the company and its groups.

schedule 31 March 2020

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schedule 30 March 2020

Movement and gatherings ban tightened further

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Edition 6 (289) June 2024

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