Poland’s proximity supermarket sector continues to expand. In December 2017, Emerging Europe reported that the Lithuanian Maxima Group had signed an investment agreement to acquire Stokrotka, a chain of 410 convenience stores in Poland. Carrefour Express, Delikatesy Centrum, Żabka and Dino have all increased their market share over the past several years. The latter added 147 new stores to its network in 2017 alone. Continue reading Polish Convenience Store Sector Booms
Lithuania‘s Maxima Grupe (Maxima Group), the leading Baltic food retailer, with a firm footing in Latvia, Estonia, Poland as well as Bulgaria, has signed an investment agreement to acquire Stokrotka, a chain of 410 convenience stores in Poland.
Prague’s Na Příkopě and Pařížská are the most expensive retail streets in emerging Europe, with monthly rents averaging 220 euros per square metre. Kaunas is Europe’s most affordable retail location, with annual rents standing at just 174 euros per square metre. The figures were published on November 16 in a major new report prepared by real estate agency Cushman and Wakefield.
Buying eggs is becoming a challenge for Polish grocery shoppers. Not only is the price of eggs going up — by 28 per cent between October 9 and 15, according to the Ministry of Agriculture and Rural Development — but they are also increasingly hard to find in shops and hypermarkets.
Over the past three years, the Romanian economy has recorded some of the fastest growth rates in the European Union, helped by a rapid expansion of consumer spending. Continue reading Romanian Market Moving Towards Rebalancing
What should property investors look for in the region’s biggest markets, across emerging Europe? A few days ahead of the world’s leading property market event, MIPIM, we asked experts from large real estate consultancy firms, CBRE, Colliers and JLL, what opportunities they see in the real estate market, in 2017. Continue reading What Looks Good on the CEE Real Estate Market for 2017
In saturated markets, the retail stock per capita is equal to 600 sq. metres per 1,000 persons. Minsk presents good opportunities for retailers with its 370 sq. metres per 1,000 persons and with just a few foreign brands currently available.
Mazen Hamwieh, Project Manager at RRY Capital, which is currently developing the Palazzo Shopping Mall in Minsk, spoke to Jerry Cameron about the new mall, as well as prospects for the retail market in Belarus’ capital city.
As an expat who has lived in Belarus, for three years now, I can say that it is not easy to shop for clothes here. There aren’t many recognisable international brands in the market and the ones that are here have only one shop in Minsk and lack in both quantity and variety, so finding your style or the right size is definitely a challenge. Continue reading The Shopping Experience Is Set To Go Global in Belarus from 2017 Onwards
Croatia has officially overcome the economic crisis, with GDP displaying growth, albeit modest, for the third consecutive quarter. The GDP recovery is a result of numerous factors including trade partners’ recovery, the oil price slump, a record tourist season, personal income tax cuts and the relief that low interest rates have leveraged on households and firms. Continue reading 2016 — a Year Of Revival In the Croatian Real Estate Market
A positive sentiment for investment in Poland’s future continues as retail expansion in the region centres around growing shopping centre stock, according to Jones Lang LaSalle’s latest Poland Retail Market. Two major new projects feature: a multi-use complex, Galeria Katowicka in Katowice and downtown shopping gallery Plac Unii by BBI Development in Warsaw.