PL

CZECH REPUBLIC Biggest buy for Fidurock

Retail & leisure
Czech-Dutch investor Fidurock has acquired Retail Park Trutnov in the Hradec Králové region from Czech Fund, which is managed by Brno-based Investiční skupina DRFG.

Although the value of the transaction has not been disclosed, Fidurock has stated that this is the biggest acquisition in its history.

The retail park, in the town of Trutnov close to the Polish border, comprises 23,000 sqm of leasable space and is anchored by OBI and Tesco, with other tenants including KFC, Planeo elektro, Hervis, Jysk, New Yorker, CCC, Gate, Dráčik and DM Drogerie.

DRFG acquired Retail Park Trutnov in 2018 from CPI Group.

Fidurock has built up a retail and residential portfolio in the Czech Republic and Slovakia worth around CZK 6.8 bln (EUR 280 mln).

Latest news

Office & mixed-use development

Poland CitySpace opens new office in Warsaw

schedule 25 July 2024
Opr./edited by ANZ

CitySpace, an operator of flexible office space in Poland, will launch its fifth location in Warsaw in October. The new centre is being created in the Nowogrodzka Square office building and will operate under the name CitySpace Novo.

Material partner

Croatia Exclusive Auction: Unique Investment Opportunity in Istria

schedule 12 June 2024
Eurobuild CEE

Colliers, in partnership with Illyrian Land Funds, is announcing an exclusive auction for a prime development land site in Istria, Croatia. This property, covering 1,603,903 sqm, is ideal for a mixed-use resort development near Vodnjan, a charming town in Istria, Croatia's top tourist region. The site is just a 15-minute drive from the seafront

Warehouse & industrial

Czech Republic A gradual increase of vacancy

schedule 25 July 2024
Opr./edited by ANZ

Industrial Research Forum has announced industrial market figures for Q2 2024. The total amount of projects currently under construction increased to 969,800 sqm at the end of Q2 2024, out of which around 32 pct was already pre-leased. With over 117,000 sqm completed, the modern industrial stock in the Czech Republic reached the milestone of 12 mln sqm.

Office & mixed-use development

POLAND Displate stays in Atlas Tower

schedule 24 July 2024
Nathan North
deputy editor

Metal prints specialist Displate has extended its lease of 1,700 sqm in the Atlas Tower office building in central Warsaw.

Retail & leisure

Czech Republic Record-breaking Q1 2024 sees arrival of 20 new brands

schedule 24 July 2024
Opr./edited by ANZ

Twenty brands debuted on the Czech retail market between January and the end of June, the highest ever recorded in the first six months of a year. The biggest categories were Health and Beauty and F&B. All but one of the new brands opened in Prague, the other setting up shop in an outlet centre in the Moravian town of Hatě.

Office & mixed-use development

Poland Kion extends its lease in B4B in Kraków

schedule 24 July 2024
Opr./edited by ANZ

Kion has extended its lease agreement in Bonarka for Business office complex. Kion leases a total of 3,900 sqm office space in buildings E & F. The Kion Business Services Polska team in Kraków focuses on finance and accounting processes, IT services, and direct procurement tasks.

Warehouse & industrial

Poland City Logistics Kraków enters final stage

schedule 24 July 2024
Opr./edited by ANZ

Panattoni has begun the final construction stage of its City Logistics Kraków I warehouse park in the city’s Nowa Huta district. A total of 11,300 sqm is to be built with the park, which will expand to its final target size to 36,500 sqm.

Warehouse & industrial

Romania LPP signs deal for new e-commerce facility

schedule 23 July 2024
Opr./edited by ANZ

LPP, a fashion retailer, is moving into a new e-commerce facility at CTPark Bucharest West. Together with CTP, the fashion brand is extending its current building to support the delivery of the new facility. This will take LPP’s total footprint at the park to around 90,000 sqm with the new facility comprising around 40,000 sqm.

Warehouse & industrial

Germany Pure timber park to set new standards

schedule 22 July 2024
Opr./edited by ANZ

Garbe Industrial Real Estate and Logicenters have started work on one of the largest logistics properties made out of pure timber in the port town of Hafen Straubing-Sand in Bavaria. The project aims to set new standards in sustainable construction.

Warehouse & industrial

Poland Panattoni launches construction for E.G.O.

schedule 22 July 2024
Opr./edited by ANZ

Panattoni has begun construction work on a new BTO centre for the E.G.O., a supplier for household manufacturers. The construction of the manufacturing plant is to start in July this year and the completion is scheduled for the fourth quarter of 2025.

Warehouse & industrial

Poland Tuplex joins Multipark Bydgoszcz

schedule 22 July 2024
Opr./edited by ANZ

The company, which operates in the plastics industry, is a new tenant in Multipark Bydgoszcz, where it took 1,450 sqm of warehouse and office space.

Office & mixed-use development

Poland TechnipFMC stays at Podium Park

schedule 22 July 2024
Opr./edited by ANZ

TechnipFMC has renewed its lease for office space at the Podium Park office building in Kraków. As a result of the renegotiated agreement, the tenant will continue to lease almost 7,000 sqm in the Globalworth-managed complex.

Investment & finance

Poland Alma bought by Polish investor

schedule 22 July 2024
Opr./edited by ANZ

The Alma office building, located on ul. Marynarska in Warsaw, has changed hands. The 8,000 sqm building has been sold by the Astrea company. The purchaser is a private Polish investor.

Investment & finance

Poland First CEE mezzanine loan in for Invesco

schedule 19 July 2024
Opr./edited by ANZ

Europe Fund III SCSp Invesco Real Estate has completed its first mezzanine lending deal in Central Europe on behalf of Invesco Real Estate Europe Fund III – SCSp (Europe III), the third European value-add strategy in succession for the firm.

Investment & finance

Romania EUR 110 mln acquisition for WDP

schedule 19 July 2024
Opr./edited by ANZ

WDP has acquired a portfolio in Romania comprising properties with a leasable area of app. 136,000 sqm and a large plot for a future development with a total potential of more than 300,000 sqm gla. The value of the transaction comes to app. EUR 110 mln.

Eurobuild CEE

Poland The summer issue of 'Eurobuild' hits the shelves!

schedule 19 July 2024
Eurobuild CEE

The summer (July-August) issue of 'Eurobuild' has now been published. The magazine is, as usual, full of interesting articles and expert analyses, and should help to further fuel the confidence of the entire real estate sector!

Public buildings

Poland Nova Marina for sailors in Gdynia

schedule 18 July 2024
Opr./edited by ANZ

In Gdynia, in the historic location of the South Pier and by the yacht harbour, Ghelamco, together with the Polish Yachting Association (PZŻ), will build a multifunctional building with a sailing centre.

ESG

Czech Republic BREEAM Outstanding for The Platform

schedule 18 July 2024
Opr./edited by ANZ

AEW has achieved the BREEAM New Construction ‘Outstanding’ rating with a score of 88.1 pct for its recently completed 36,400 sqm brownfield logistics development The Platform in Pilsen, Czech Republic. 

Warehouse & industrial

Romania VGP Park Bucharest North welcomes DHL Express

schedule 18 July 2024
Opr./edited by ANZ

DHL Express will open a new logistics centre in VGP Park Bucharest North, located in the immediate vicinity of Bucharest, in the town of Ștefănești. The new centre, with an area of 4,100 sqm, will be used for sorting and processing the shipments arriving by air.

Warehouse & industrial

Romania CTP completes first phase of CTPark Arad West

schedule 18 July 2024
Opr./edited by ANZ

CTP has delivered 23,000 sqm from CTPark Arad West project, with an additional 20,000 sqm ready for tenant fit-out. The newly completed 12-metre-high space is leased by companies such as Leoni Wiring Systems Arad, Delfingen, HUF Romania and BNB, and provides state-of-the-art facilities for logistics and production activities.

Latest in Retail & leisure

schedule 24 July 2024

Record-breaking Q1 2024 sees arrival of 20 new brands

Twenty brands debuted on the Czech retail market between January and the end of June, the highest ever recorded in the first six months of a year. The biggest categories were Health and Beauty and F&B. All but one of the new brands opened in Prague, the other setting up shop in an outlet centre in the Moravian town of Hatě.

schedule 16 July 2024

Polish retail market continues its strong momentum

Cushman & Wakefield has summarised the situation on the Polish retail market in Q2 2024. There were eight new retail completions with the development pipeline comprising app. 400,000 sqm. This indicates healthy supply levels amid unwavering occupier demand and strong retail sales, shopping centre footfall and turnover figures.

schedule 10 July 2024

Food market to open at One Gallery

One United Properties announced the lease of a retail space with a GLA of 3,600 sqm on the ground floor of One Gallery building, including terraces and storage spaces. The contract has been signed with Tomcat Hospitality.

schedule 02 July 2024

The shopping basket analyzed in Romania

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.

schedule 27 June 2024

A positive momentum for the film market

Romanians spent EUR 63 mln in cinemas last year, an amount 25 pct higher compared with 2022, as ticket prices also recorded a 8.2 pct y-o-y increase, according to the data offered by the Romanian Film Center and analyzed by the Cushman & Wakefield Echinox.

schedule 25 June 2024

New luxury destination in Bucharest

CBRE Romania has announced its exclusive involvement in the leasing strategy of H Știrbei Palace, a historical monument located in the heart of Bucharest. After the completion of the renovation works, Știrbei Palace aims to become a landmark shopping gallery for luxury brands in South-Eastern Europe.

schedule 25 June 2024

Karuzela in Jastrzębie Zdrój

Mitiska REIM has announced the opening of a new retail park in Jastrzębie Zdrój, a city of 90,000 inhabitants in southern Poland. Developed in partnership with Karuzela Holding and owned in joint-venture with the FRI 2 fund, this latest opening is the third retail park development opened in Poland by Mitiska REIM and Karuzela Holding in the past nine months.

schedule 13 June 2024

Froo Froo! Żabka Group starts operations in Romania

The Żabka Group has opened its first shops in Romania. Over the past month, five outlets under the Froo banner have opened in Bucharest.

schedule 10 June 2024

Ready for any event

Norblin Factory has a new event space. The Event Hall is a 670 sqm area outfitted in an industrial style, designed for events up to 500 guests.

schedule 06 June 2024

Another Leroy in Romania

Leroy Merlin has leased a 9,000 sqm of space within Pitesti Shopping Park, developed by Square 7 Properties. The logistics park, with a leasable area of 22,000 sqm, is located in the northern part of Pitesti, in the Gavana area.

schedule 24 May 2024

The one and only Answear Concept Store

In Warsaw's Norblin Factory, the only stationary Answear.com concept store in Europe started its activity. On the area of 2,000 sqm, the customers will find an offer of premium fashion brands, which so far were available only online.

schedule 07 May 2024

Empik flagship store in the city centre

The Cepelia pavilion at the junction of Al. Jerozolimskie and ul. Marszałkowska in Warsaw is undergoing renovation. A three-storey Empik store with a total area of 1,300 sqm will open in the building.

schedule 25 April 2024

Aupark goes green

Wood & Company is planning the final third tranche of its acquisition of a stake in the Aupark shopping centre in Bratislava. The facility is currently undergoing an extension, which will increase its space by 6,000 sqm. In the summer, a huge green façade will be built on the new part.

schedule 23 April 2024

High Street’s glamour

Prague is the only city in the CEE region to boast a Prime High Street, a shopping street with only the most prestigious global brands. This location is Pařížská (Paris) Street, where currently 46 out of 48 available retail units are occupied.

schedule 23 April 2024

Mitiska REIM opens its 10th Karuzela retail park

Mitiska REIM has opened a new food-anchored retail park in the Polish city of Świebodzin. Developed in partnership with Karuzela Holding, this is the tenth project undertaken by Mitiska REIM and Karuzela over the past five years, with five more developments planned to open over the next two years. 

schedule 17 April 2024

Good start for Polish retail

Cushman & Wakefield has summarised the situation on the Polish retail market. The opening of 2024 is encouraging and new retail space supply in the coming months is likely to match or even surpass last year’s total.

schedule 16 April 2024

Prague’s Černý Most shopping mall will grow

Centrum Černý Most, a shopping centre in the Prague region, is set to undergo a significant expansion of 9,100 sqm that will add over 30 new shops and restaurants, as well as additional screens to the centre’s multiplex cinema.

schedule 16 April 2024

Glinianka changes hands

Redkom Development sold 100 pct of shares in the company holding the Glinianka complex. The retail park, located near Warsaw, has been bought by CEE-Big Europe.

schedule 03 April 2024

Terg invests in retail parks

Terg, the owner of Media Expert, plans to strengthen its portfolio of investments in its own retail locations. The company wants to put into operation facilities with a total area of 72,000 sqm within the next two years.

schedule 28 March 2024

Smart Parks are springing out

Smart Park Poland and RG Leasing announced the latest progress in the implementation of their investment projects. After last year's openings in Mława and Wąbrzeźno, more locations are coming up.

Edition 7 (290) July 2024

Latest comments

Categories