Coffee with Craig Show – daily CRE news covering the CEE region with Publisher Craig Smith and Winston Norman, Editor & Chief of EuropaProperty.com.
Mitiska REIM sells plot to Momentum Leisure for theme park
Specialist investor Mitiska REIMhas announced the sale of a 6.7 ha land plot to Momentum Leisure to develop a theme and water park at Europa Centralna retail centre. Located in Gliwice, Poland, Europa Centralna is the largest retail scheme in the city with a gross leasable area (GLA) of 67,000 sqm. Mitiska REIM acquired the retail centre in March 2023.
As part of its value-add investment strategy, Mitiska REIM plans to reposition Europa Centralna as a modern and sustainable convenience real estate asset. Janusz Botorek, Board Member and shareholder of Karuzela Holding, Mitiska REIM’s Polish partner, has joined the project as a co-investor and local operating partner.
Momentum Leisure plans to develop a theme and water park with plans to open in 2026. This latest development will be Momentum Leisure’s second water park in Poland, to have 10 parks in Central and Eastern Europe operational by 2030.
Sylvie Geuten-Carpentier, Managing Partner of Mitiska REIM, comments: “Europa Centralna is already the largest retail centre in the city – our goal is to turn it into a go-to destination in the region through a compelling offering of convenience retail, leisure and entertainment.”
Wouter Dekkers, CEO of Momentum Leisure, said: “As part of our net-zero strategy, both the theme and water park will be designed to meet the sustainability requirements.”
Neinver announces record growth across its portfolio in 2023
Outlet operator NEINVER has announced strong operating performance in 2023, with total brand sales reaching €1.48 billion across its entire portfolio, an 11 percent y-o-y increase and record-breaking monthly growth. The centres operated by the company across six European countries welcomed a total of nearly 68 million visitors over the year, up 8.5 percent compared to 2022.
Daniel Losantos, NEINVER’s CEO, commented: “These results are a follow-on from our continued consecutive record-breaking years for our portfolio since 2017. This is hugely encouraging. Moreover, our consistently strong performance registered over the past years, despite significant market challenges, demonstrates the success of our offering to consumers, who are ever more focused on value and experience.”
Bratislava’s Nové Lido urban district aims for carbon neutrality
Nové Lido urban district aims to rejuvenate the area between Old Bridge and Apollo Bridge in Bratislava city centre on the Danube’s right bank. The project will build on the area’s historical identity, while also setting new ecological and community standards. An ongoing BREEAM Communities International certification confirms the development’s commitment to sustainability says developer JTRE.
Mixed-use Nové Lido will provide housing, civic amenities, 20,000 job opportunities, large green spaces, and good connections. “By optimally combining functions, we create a 15-minute city where everything is within reach. The services and opportunities for relaxation, entertainment, sports, and the riverside area will attract Bratislava’s residents and visitors. Residences are centrally orientated towards the Danube, while civic amenities are thoughtfully interspersed throughout,” says Pavel Pelikán, JTRE’s executive director.
