Thursday, April 25, 2024
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Retail and real estate company activity updates, success stories, and more.

Business

MPC Properties Appoints Pınar Yalçınkaya as the New CEO

MPC Properties, one of the most experienced real estate companies in the SEE region appoints Pınar Yalçınkaya as the new Chief Executive Officer.
Business

Ada Mall Breaks Record with 2022 Performance

Ada Mall in Belgrade 2022 results show an increase of 30% in footfall, turnover, and income. Find out how they managed to achieve their business success.
Business

EY Announces Global Alliance with Shopify

The EY organization announces a global alliance with Shopify Inc., to maximize the potential of e-commerce and to support the online sale of regulated products.
Business
00:00:23

MPC Properties Saving Electricity by Turning Off the Lights at Night

As a company that is responsible for the management of more than 12 office and retail assets in Belgrade, MPC Properties has made a decision to turn off all building facade lighting at night to ensure maximum electricity savings during the last quarter of 2022.
Business
00:00:55

MPC Properties Hosted Honey Harvesting Events

For the first time, MPC Properties organized a series of honey harvesting events at its office and retail properties in Belgrade where they installed beehives - UŠĆE Shopping Center, Navigator Business Center 2, and UŠĆE Towers. 
Business

Kim Kardashian Building a Consumer & Media Private Equity Firm

Kim Kardashian becomes Co-Founder of SKKY Partners which will invest in consumer products, digital & e-commerce, consumer media & entertainment, hospitality and luxury.
Business

IMMOFINANZ Achieves Great Results for First Half of 2022

IMMOFINANZ closed the first half of 2022 with a very strong performance. Rental income reached a high level of EUR 144.2 million, the results of asset management improved by 3.0% to EUR 110.0 million, and sustainable FFO 1 from the standing investment business rose by 6.1% to EUR 78.7 million.
Business

IMMOFINANZ Releases Financial Results for Q1 2022

IMMOFINANZ successfully completed a solid start into the 2022 financial year. Like-for-like rental income rose by 4.3% in the first quarter, the occupancy rate remained high at 94.4%, and FFO 1 before tax was stable at a very good level of EUR 34.4 million
Business

Poseidon Group Sells Six Retail Assets in Croatia!

Poseidon Group sold but retained the asset and property management of its retail property portfolio in Croatia, valued at 50 million EUR.
Business

DM Drogerie Turned Black Friday into a Charity Event

For the third year in a row, dm drogerie markt gave a new meaning to "Black Friday". Five percent of the company's turnover generated on Black Friday last week was donated to the national kitchens of the Serbian Red Cross.
Business

IMMOFINANZ Reports Top Financial Performance in 2021

IMMOFINANZ again demonstrated its strong earning power in the first three quarters of 2021. The results of operations and net profit are clearly above the pre-crisis level!
Business
00:01:17

MPC Properties New App “Tvoj Centar” for a New Way of Shopping

MPC Properties launched its new mobile app "Tvoj Centar" which is revolutionizing how people shop in Belgrade. The app gives information on the best discount deals and gift ideas across three of the most popular shopping centers in the city: BEO Shopping Center, Ušće Shopping Center, and Mercator Centar.
Business

How is Promenada Novi Sad Still Winning during the Pandemic?

Despite the difficult times, the retail industry is facing worldwide, the Serbian shopping center Promenada Novi Sad is still reporting positive business results.
Business

Ada Mall Receives Gold Leed Certificate

ADA MALL, a shopping center developed by GTC S.A., received the GOLD LEED certificate which proves the company's leadership in the field of sustainable construction.
Business

Cyber Attacks Threatening Retailers Worldwide

One of the largest ransomware attacks in history spread worldwide beginning of July, forcing the Swedish Coop grocery store chain to close all 800 of its stores because it could not operate its cash registers
Business

Ananas – the new Amazon or AliExpress in Eastern Europe

Delta Holding is developing the first regional online retail platform called Ananas due to launch in the first half of 2021. The platform will cater to people in the countries of former Yugoslavia, including Albania.
Business

MPC Properties Welcomes New CEO

MPC Properties, one of the leading real estate developers in southeast Europe, welcomed its new CEO - Maxence Liagre.
Business

Cineplexx Continues to Invest in Serbia

Leading cinema operator in the region Cineplexx continues its multimillion investments in the Serbian market and will soon open the largest and most modern cinema with technology never seen before in Serbia.
Business

The Empty Shop Concept Store is Back in Kragujevac Plaza

Shopping center Kragujevac Plaza, in cooperation with the Red Cross Kragujevac, reopens once again The Empty Shop, a unique store with empty shelves where citizens can donate their clothes for people in need.
Business

Boško Tomašević Appointed Managing Director of CBRE South Eastern Europe

CBRE, a leading global property adviser announced today the appointment of Boško Tomašević as Managing Director of CBRE in South-Eastern Europe (SEE) effective from January 1st, 2021. Boško Tomašević succeeds current Managing Director, Andrew Peirson who, is stepping down from his position and will leave CBRE in December 2020.
Business

NEPI Rockcastle Donates 150,000 EUR to Fight COVID-19

NEPI Rockcastle, a leading Central and Eastern European real estate investment group, has donated this month 150,000 EUR to the Red Cross international organization to support efforts to prevent the spread of COVID-19 epidemic.
Business

IMMOFINANZ Tackles COVID-19 Impact on Retail Activities

The government authorities in all countries where IMMOFINANZ owns and operates retail properties have recently imposed restrictions and implemented various measures to contain Covid-19. IMMOFINANZ gives us a break down on how these measures will affect their retail business and how they have implemented a cost savings programme. 
Business

Spiller Farmer Grabs Headlines in Croatia

The leading real estate consultancy company Spiller Farmer has advised on two real estate deals in Croatia, including the sale of a retail center in Rijeka. 
Business

Blitz Group Becomes a Theatrical Distributor of Disney

Blitz Group has become a theatrical distributor of Disney for Croatia, Slovenia, Bosnia and Herzegovina, North Macedonia and Albania, following a major takeover.
Business

Arena Centar Breaks Business Records

Arena Centar in Zagreb ended 2019 with record-breaking business results and attracted 10 million annual visitors. 
Business

Nepi Rockcastle Sells its Romanian Office Portfolio

NEPI Rockcastle announced that it has entered into an agreement to dispose of its Romanian office portfolio to AFI Europe NV.
Business

FOURLIS GROUP EXPANDING IKEA IN EASTERN EUROPE

Fourlis Group, the exclusive franchisee of IKEA in Greece, Cyprus and Bulgaria, plans to develop a network of 15 IKEA stores in the next five years. 
Business

IMMOFINANZ CELEBRATES FOUR YEARS OF BUSINESS IN SERBIA

The Austrian company IMMOFINANZ celebrated 4 years of business in Serbia on the 20th of November in the presence of its partners, local officials and media representatives.
Business

Immofinanz Acquires Five Retail Parks in Slovenia and Croatia

The Belgrade office of the US based real estate consultancy company CBRE has successfully advised MID Group on the sale of five retail parks in Slovenia and Croatia to Austrian real estate company IMMOFINANZ, for a total of just under 50 million EUR.
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