English News

Restauracja Pizza Hut

AmRest goes East, plans to open hundreds of Pizza Hut restaurants

AmRest obtained master franchise rights for the Pizza Hut brand in Russia, Azerbaijan and Armenia, prompting the company’s plans to launch over 200 restaurants in these markets. After concluding the agreement, the company will acquire the exclusive right to franchise the operation of Pizza Hut restaurants to third parties in the territory of these three countries. Moreover, AmRest will assume the role of a franchiser for about 30 restaurants run by several sub-franchisees in the above-mentioned countries.
Sklep KiK

KiK has already opened over 13 new stores since the beginning of the year

KiK pursues its business strategy by opening new stores in Polish cities. Since the beginning of the year, the line-up of KiK chain stores grew by 13 new locations, and the total number of stores is expected to hit about 250 by the end of 2018.

Deichmann invests several dozen million PLN in new projects

„The principles of our strategy do not change. In Poland, but also in all the countries where our brand is present, Deichmann will open new stores in 2018 and rebuild the existing ones, adapting them to the latest design standards. In our case, this means at least 20 new projects, and thus several dozen million PLN in new investments”, says Wojciech Normand, Vice-Chairman of Deichmann-Obuwie.
Forum Gdańsk

Forum Gdańsk is a new 900 mln PLN project

The Forum Gdańsk complex, built by Multi Development, was opened in June 2018. The venue houses about 170 shops, 30 restaurants, bars and confectioners, as well as a cinema and a fitness area. Financial outlays related to the construction of the Forum complex amount to approximately PLN 900 million.
Justyna Kur vice-president Apsys Poland

Apsys: apart from investments, modernisation is also crucial

„In Apsys’ strategy, in addition to new investments, the modernisation of first- and second-generation venues is equally important. The possibilities of expansion are high in this field, as the the customers’ expectations regarding the new types of activities in the venues, which we used to call shopping malls, are changing constantly”, says Justyna Kur, Vice-President of the Management Board and Director of Real Estate Management at Apsys Polska.

C&W: European shopping center market slows down

The rate of shopping centre development in Europe is slowing, with completions down 23% year-on-year at 3.8 million sq m 2017, according to Cushman & Wakefield’s latest European Shopping Centres report. The total stock of shopping centre space in Europe stood at 166.5 million sq m at the start of 2018, a yearon-year increase of 2.3% during 2017. Western Europe accounts for 109.7m sq m while 56.8m sq m is in Central and Eastern Europe (CEE). During 2017, Turkey replaced Russia as Europe’s most active development market, adding 495,000 sq m in the second half of the year, ahead of Russia (330,000 sq m) and third-placed Poland (298,000 sq m).
CCC store in a new concept

Enormous transaction. Polish CCC Group bought a Romanian company

A CCC Group company, CCC Shoes & Bags, has signed an agreement to acquire 100% of shares in the Romanian Shoe Express company. The total value of the transaction is €33 million. Shoe Express had previously bought an organised part of the company, which included running all the stores operating under the CCC brand in Romania from Peeraj Brands International SRL. Until that point, these stores were operated by Peeraj Brands International SRL on the basis of a franchise agreement with CCC.
Mall of Sofia

Mall of Sofia in GTC’s portfolio

GTC continues its growth strategy and further expands its portfolio in Sofia. The developer and asset manager purchased Mall of Sofia, a prime shopping centre and office tower in Sofia’s Central Business District, seizing opportunity in the growing economy in Bulgaria. The property was formerly owned by Europa Capital. To facilitate a high FFO yield from the asset, GTC (through the acquired subsidiary) has obtained an attractive loan facility from a consortium of OTP and DSK banks to finance up to 65% of the market value of the asset.
Park handlowy HopStop w Siedlcach

HopStop retail parks portfolio sold

Polish developer, Katharsis Development, sold portfolio of five retail parks, recognized under the brand “HopStop”, to CPI Property Group – investor with Czech capital background. This transaction constitutes the first in Poland sales of a standalone portfolio of retail properties convenience type. The HopStop project commenced in 2013 with construction of the first HopStop unit in Radom. After success of this investment, Rafał Trusiewicz, president of Katharsis, decided to expand the project by several new locations. In order to achieve this goal, supported by the company CMT Advisory (M&A and Corporate Finance), he gained co-investor and funds via newly created Katharsis FIZAN Fund.

Cresa: How to launch a brand on the Polish market?

Szymon Łukasik, Cresa: Poland keeps attracting new retail brands – most are foreign-owned and have a track record of operations in other countries. Some debuts, however, end in failure. Why? What are the common root causes of such failures? The Polish retail market is unique in terms of strong dominance of shopping centres over retail parks and high streets. This may come as a surprise to both Western European retailers and some operators from Central European countries.