May 21, 2021

Immofinanz has announced that it will begin refurbishment of the VIVO! Baia Mare shopping center on 1 June. The refurbishment work will bring new tenants to the center’s portfolio and will cover a total area of more than 10,000 sqm, equivalent to one third of the gross leasable area of VIVO! Baia Mare. The work is scheduled to be completed in the fourth quarter of 2021.

The Trafford Centre has appointed Pradera Lateral as asset manager with immediate effect, following a competitive selection process.

GTC has appointed Eszter Salamon to the position of Transactions Director. Her outstanding in-depth sector knowledge and profound experience in real estate and financial operations will boost GTC’s optimization and expansion goals. With Eszter on board, the developer sets for smooth completion of the upcoming large-scale transactions in various markets.

The food court of Etele Plaza scheduled to open this September in Budapest, Hungary will feature a direct connection to the roof terrace, unique interior design, and a wide selection of gastronomy options, including many popular quick-service restaurants, cafés and open kitchen concept. The requirements and dining preferences of all generations are considered during the design of the unprecedentedly spacious venue among Hungarian shopping malls.

Soon the Maxim Department Store will change its face. Thanks to the new local spatial development plan, the owner of the PIR sp. z o.o. will rebuild and extend Galeria Maxim.

On 18th May, the eagerly anticipated official opening of the new extension of Designer Outlet Warszawa was celebrated with a pink ribbon-cutting ceremony in consideration of the Covid- 19 restrictions. With additional 5,500 sqm and more than 25 new stores and restaurants, Designer Outlet Warszawa is the new flagship outlet destination of Poland with a gross lettable area of 23,000 sqm and a unique mix of more than 130 international and Polish designer, fashion and lifestyle brands.

European Bank for Reconstruction and Development (EBRD) has successfully subscribed to a €24.7 million ticket as part of an inaugural five-year €300 million green bond issuance by MAS Securities BV. The firm is wholly owned by MAS Real Estate Inc., an investor and operator of predominantly retail real-estate assets that focuses on central and eastern Europe (CEE).