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retail park

Anchor tenant EDEKA at Eidelstedt retail park in Hamburg. /// credit: Union Investment

Union Investment Sells Retail Park In Hamburg To LHI Group

Union Investment has sold a retail park in Eidelstedt, Hamburg to the LHI Group. The property at Hörgensweg 5 in north-west Hamburg was added to the portfolio of institutional open-ended real estate fund UniInstitutional European Real Estate in 2007, making it one of the oldest holdings in the fund.

Vendo Park, Zambrow, Poland. /// credit: Trei Real Estate

In 2023, Trei Invested around 35 million Euros in Retail Parks in Poland

Trei Real Estate GmbH (“Trei”) just opened the 38th retail park of its Vendo Park brand in Poland. The property is located in Konin, a town of around 80,000 residents in the Greater Poland voivodeship. The new Vendo Park has a lettable area of around 5,400 sq m, with units let to Aldi, Rossmann, Pepco, Dealz, Kakadu, Sinsay and Piekarnia Grochola. On the whole, Trei invested about 6.4 million euros in the property.

Pipera Plaza retail Park, Bucharest, Romania. /// credit: Narrative

Mitiska REIM sells 25 Romanian retail parks to LCP

Mitiska REIM has announced that following the successful completion of its value creation program, it has completed the sale of 25 retail parks in Romania to LCP Group for 219 million euros. This sale is one of the largest retail real estate transactions in Romania and more than doubles the original investment over an average holding period of 5 years for investors in the FRI and FRI 2 funds which owned the assets.

Axel Despriet (left), Bistrita Retail Rark, Romania (center), and Bart Rabaey (right) /// credit: Mitiska REIM

The ongoing opportunity in retail parks

Many of the headwinds that have buffeted the global economy over the past 12 months remain very much at the forefront of investors’ minds. However, in tandem with this, investors like Mitiska REIM are also seeing a number of structural tailwinds in support of retail parks and wider convenience real estate.

Shell Recharge charging station /// credit: Shell Deutschland GmbH

Shell and redos set up charging infrastructure at retail parks

Shell Deutschland GmbH and the redos Group are jointly promoting the development of charging infrastructure for electric cars at retail parks and other retail locations in Germany. To this end, up to 8 DC charging points will be installed at each of 57 locations across Germany in the coming years. The fast and ultra-fast charging points at the parking lots, which are supplied with 100 percent green electricity, offer a charging capacity of 150 to 400 kW.

retail parks faces both challenges and exciting opportunities. /// credit: Chainels

The Future Of Retail Parks: adaptation and innovation in a changing landscape

The retail park: a cornerstone of modern consumer culture that has long been a popular destination for shoppers seeking convenience, variety, and an all-in-one shopping experience. As technology and consumer preferences continue to evolve, the future of retail parks faces both challenges and exciting opportunities. Joseph Jarvis, Content Marketer at Chainels, explores how retail parks are likely to adapt and innovate to remain relevant in the rapidly changing retail landscape.

credit: Trei Real Estate Poland

Retail Parks In Poland Are Thriving Even In Challenging Times

Despite the current unfavorable economic situation in Poland, retail parks are still growing rapidly. Nevertheless, Trei Real Estate Poland has built and opened 35 retail parks under the Vendo Park brand, and has another three scheduled to open later this year. The company may even say that in the face of many market challenges business is going very well.

Credit: Trei Real Estate

TREI OPENS 32. VENDO PARK IN POLAND

Trei Real Estate GmbH just opened another retail park of its Vendo Park brand in Poland. It is located in Mielec, a small town of around 61,000 residents in the Podkarpackie or Subcarpathian voivodeship in south-eastern Poland.

credit: Avison Young/Hunter REIM

Sale of „Fairway” portfolio is closed

Hunter REIM closed the sale of „Fairway” portfolio to Centerscape Investments. The last property, sold within this portfolio transaction, was a retail park in Toruń.

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