Locked content Several malls to be open despite Sunday trade ban

Despite the upcoming Sunday retail trade ban, several outlets have announced that they will be open on the first Sunday under the new ban on March 11. Among them are the shopping malls owned by Unibail-Radamco, which include Arkadia and Galeria Mokotów. “We hope that tenants conducting business, whi...

Wrocław continues to attract shopping mall investments

Despite retail space saturation and a growing vacancy rate, Wrocław remains an enticing location for developers, according to analysts at Colliers International. Currently, the city has 18 shopping centers with a total GLA of 654,000 sqm, which results in saturation on the order of 821 sqm per 1,000...

Locked content Shopping malls see rise in turnover and customer visits – PRCH

Data collected by the Polish Council of Shopping Centers (PRCH) shows that in the first half of 2016, the turnover of shopping malls increased by 2.1 percent compared to the same period in 2015, totaling around 58 billion net. The PRCH also reports that customer visits are trending upwards, with the...

Locked content More than 35,000 sqm leased in Galeria Młociny

Galeria Młociny shopping center project in Warsaw’s Bielany district is now more than 50 percent commercialized, the developer Master Management Group informed. “We are talking about signed lease agreements here, not letters of intent,” stresseed Michał Masztakowski, the development and ...

Locked content Rockcastle receives €163.6 mln financing

Mauritius-based investment fund Rockcastle has obtained €163.6 million financing for three shopping centers: Karolinka, Pogoria and Platan. The transaction closed in September 2016, when Deutsche Pfandbriefbank, Helaba and ING Bank have jointly underwritten an investment facility. The shopping centr...

Locked content Rockcastle acquires shopping mall in Zabrze

South African Rockcastle equity fund has purchased Triuva Platan shopping center in Zabrze, propertynews.pl reported. The transaction is to be completed by the end of the year. Its value may exceed PLN 50 million, the web portal informed. Platan shopping mall was launched in 2003. It offers 31,00 sq...

Locked content Plac Vogla open

Ghelamco launched its first convenience center Plac Vogla, on Thursday, October 22. The project is located in Wilanów, one of Warsaw’s fastest growing residential districts, which thus far doesn’t have any major retail schemes. Plac Vogla will feature 5,000 sqm within 30 stores. The scheme wil...

Locked content Fashion stores drive people into shopping mall

Magdalena Frątszak, the director for the trade area department in the CBRE company, emphasizes that for some time already the groceries do not wield the main function in shopping malls. “Now the greatest accelerators are fashion stores. This resembles the trend of smaller amount of money spend...