Török Árpád: CEE recovery is still above the Western European level

June 23, 2016 10:00 am

Török Árpád: CEE recovery is still above the Western European level

“CEE’s recovery is still on the go – slower, but still above the Western European level. The re-entry of international investment banks and the active presence of large investment funds prove a solid confidence in the CEE region. The positive economic aspects like falling unemployment and low interest rates support consumer spending growth, that with… View Article

Árpád Török the CEO of TriGranit Corporation Török Árpád a TriGranit vezérigazgatója

“CEE’s recovery is still on the go – slower, but still above the Western European level. The re-entry of international investment banks and the active presence of large investment funds prove a solid confidence in the CEE region. The positive economic aspects like falling unemployment and low interest rates support consumer spending growth, that with its 2,7 % in the core CEE will also boost the retail sector in 2016. For the first time, in 2015 retail accounted for 45% of the total investment volume for the CEE, the yields are close to 2007 levels.  As for new developments, 2016 will be similar to 2015 with 3 retail projects in Poland, 5 in the Czech Republic, no new retail scheme in Slovakia and Hungary. The tenant’s activity will be on the contrary even more active. While a record 185 new retail brands entered CEE in 2014-2015, further big international brands including mainly fashion brands, like COS and Forever 21 will enter CEE. Beneath growing e-commerce, the growing importance of food courts has to be considered – more and more people visit shopping centres only to eat, and they search for quality options. The era of classic food-courts is slowly over. In addition to a growing demand of F&B opportunities, the shopping centres shall also provide a large variety of leisure facilities. We cannot speak about simple shopping centres any more, the future is about leisure and shopping centres.”

 

 

 

 

 

 

Source: The article was published in  Wire , May, 2016