News

Shopping centres in excess of 5,000 square metres opened to customers again on 11 May following almost two months of closure and much discussion and arguing. There are 107 of them currently in the Czech Republic with an area in excess of 5,000 sq m. How did their appearance and operation change with a view to ensuring greater safety? What restrictions do customers experience? Is there any reason to be worried about visiting a shopping centre? Cushman & Wakefield prepared 17 shopping centres under its management for reopening and offers a set of measures that will significantly improve safety for customers.

The corona virus pandemic and the related measures represent an entirely new and unexpected situation for the entire real estate market, with a global scope and a major local impact on everyone. Retail is one of the most affected sectors, yet it should also play a pivotal role in re-starting the economy. This is why the government and other stakeholders should pay attention to it and give it support adequate to its importance.

The CEE retail region is still attractive for new international brands, as evidenced by the arrival of 70 new retail brands into CEE countries in 2019. Find more information in our regular newcomers market monitoring and overview.

Fun. Frenetic. Fast. Our modern lifestyles can be all these and more, as we scoot around in top gear juggling the ever-changing demands of family, friends and colleagues. This blurring of home and work is having a marked and irreversible effect on what we have traditionally called the leisure sector. Leisure takes place in a diverse range of settings. And it covers a much wider spectrum of activities, enjoyed with a greater variety of people from our social circle – including all important me-time.

Bluehouse Capital has begun the modernization of Novodvorska Plaza, its 26,000 sqm shopping center in Prague 4, which is under Cushman & Wakefield asset management. The work gets underway just a year after the investor acquired the asset, which offers 2,000 sqm of office space in addition to 85 stores. 

Jan Voslář is a partner of Cushman & Wakefield and is also the Head of High Street. His name is associated with the long-awaited arrival of affordable clothing brand Primark, which soon opens in the upper part of Wenceslas Square. To shop at Primark, Czechs do not hesitate to go to Dresden or Vienna.

Cushman & Wakefield Retail MarketBeat reports analyse quarterly Czech Republic commercial property activity across retail real estate sector including supply, demand and pricing trends at the market and submarket levels. The latest edition of the report Q4/2019 is now available. 

The latest edition of our Retail Map Czech Republic is now available. Contact your retail agent and get your 2019/2020 edition now.

Liberec’s Forum Liberec shopping centre will celebrate its tenth anniversary this year. NEPI Rockcastle, the owner of this retail complex, has decided to modernise the centre extensively to ensure that it retains its position as a leading shopping destination in the North Bohemia. Cushman & Wakefield has been on board as a partner in charge of property management, consulting for the modernisation concept and re-leasing of the centre.

We wish you a Merry Christmas and all the best in 2020!