99 – this is the number of lease agreements, both extensions and new contracts, that were signed by the retail leasing team of CPI Property Group (CPIPG) in the first half of 2024.
A total of 21,900 sqm was leased between the beginning of January and the end of June in the retail centres as well as the retail and service sections of the office buildings owned by the company. Extensions of existing contracts made up the largest percentage of these transactions. “We are very pleased that our partners have decided to stay in our shopping centres and retail parks for many years to come. This shows that the locations we offer fulfil their purpose, providing tenants with attractive locations to operate in as well as a wide range of shopping opportunities for customers,” comments Agnieszka Baczyńska, the Head of Retail Leasing at CPIPG.
The largest transactions – each of over 3,000 sqm – involved clothing brands extending their tenancies in the CH Ogrody shopping centre in Elbląg. In addition, a new tenant, also from the fashion sector, has leased 1,100 sqm in Vivo! Piła. An electronic goods retailer has also decided to extend its stay in the Stop Shop Lublin retail park.
Meanwhile, new cafés, restaurants and other catering outlets are to open in several of CPIPG’s office buildings in Warsaw – including Eurocentrum Office Complex, Atrium Plaza and Crown Point. “CPIPG’s retail and office portfolio is highly diverse. The popularity and profile of these buildings provide a huge incentive for chains to open new outlets in our properties. High occupancy rates are important for office buildings – and the demand for quality catering tenants is growing,” adds Agnieszka Baczyńska.
CPI Property Group currently owns and manages 23 retail centres in Poland. Its portfolio, which has a total area of 272,000 sqm and is valued at EUR 437 million, comprises properties of various types – including shopping malls and retail parks. It includes six shopping centres: CH Ogrody in Elbląg, Galeria Orkana in Lublin, and four Vivo! centres (in Immofinanz’s portfolio) and 17 retail parks (six CityMarket parks and 11 Stop Shop parks). These retail centres are located in 20 regional towns and cities across Poland. The company also has 20 office buildings in prime locations in Warsaw.
