Odesa is the second most sought-after city after Kyiv for retailers in all price categories. Demand for quality space remains high both in shopping centres and street retail. Brisk growth of street retail in Odesa is associated with the specifics of the urban infrastructure as well as the increasing tourist flows.
One of the most notable premises recently made available to potential investors is a two-storey property (ground and basement floors) with an area of 1,087 sq. m located at the intersection of two central streets – Katerynynska Str. and Bunina Str - within walking distance from major tourist attractions, including the Odesa Opera House, and two blocks from the pedestrian walkway - Derybasivska Street.
High street retail in the vicinity is formed by famous brands such as Adidas, Tommy Hilfiger, Miraton, MaxMara, L'Occitane, Mango, Crocs, etc.
Experts of the consulting agency Cushman & Wakefield, who are appointed as the exclusive sales agent of the Property owner, advise that the demand for high street retail premises in major European cities is formed by premium brands for their flagship stores and implementation of service enhancement strategies. It is expected that in future such types of premises will increasingly be of multi-functional use accommodating restaurants, fitness centres, service centres and entertainment functions.
Multifunctional use of the retail space on 25, Bunina Str. is possible due to the existence of two separate entrances located at different parts of the building as well as two staircases in the core part of the building, and a second part separated by the arch.
Ghelamco Group has announced the sale of their Logistics complex exceeding 30,000 sq.
Development of new retail parks to increase 50% in 2016 compared to floorspace added in 2015. Nature of retailers changing as new entrants diversif
New capital targeting commercial real estate globally grew to reach a new record of US$443 bn in 2015, according to a report out today from Cushman