Brownfield in Znojmo – An industrial zone turns into a shopping one

14 Sep, 2010, Prague

Znojmo’s first retail park is opening in place of the former brickworks on the edge of the town. With a total area of 4,600 square metres, the park will focus on household equipment product ranges. The park opens in the latter half of September. The facility is intended for Znojmo citizens as well as Austrian shoppers.

The developer is P.V.N., a company belonging to an Austrian owner. The company has been operating on the Czech market since 1992 and has extensive experience not only in building retail parks. The occupancy of the park was entrusted to Cushman & Wakefield.

“The retail park is an example of revitalizing unused zones of the town. Other land lots in the area, which served the industry in the past, are gradually seeing the rise of shops and showrooms and the area is coming alive. The retail park has grown right next door to bauMax and its product range suitably complements it. This part of Znojmo is becoming an attractive shopping destination for the citizens of the town,” says Jiří Kristek, head of the retail warehouse team at Cushman & Wakefield.

The park will offer primarily household equipment goods. The largest occupants are ASKO furniture, Breno carpets, and Planeo electrical appliances. The project also envisions the possibility of future enlargement by up to 2,500 square metres. It will be able to respond to the potential interest of future prospective tenants.

“We cooperated with the developer on the concept and the selection of the suitable occupant structure. This occupant mix was also devised with respect to another retail park slated for opening just a few weeks later, which is situated near the existing Interspar store. It will be focused primarily on fashion and footwear. As such, both parks suitably complement the current ranges offered by shops in Znojmo,” Jiří Kristek explains.

“This is a unique situation. At a time when developers have stopped construction and just 8 retail parks will be opened throughout the entire Czech Republic this year, as many as two of them are in the same town. This is because Znojmo has had no retail park to date,” says Kristek and adds: “With the opening of both projects, the region is reaching the standard common for the towns of its size in terms of quantity of sales areas. We expect this to result in the saturation of the local market.”

There are almost a hundred retail parks in the Czech Republic with a total area of approximately 500,000 square metres (excluding food chains, furniture retailers, and DIY stores). Most of them rose between 2005 and 2009. “We felt a significant downscaling of construction last year, and it will continue next year as well. To date, developers have announced the construction of approximately twenty new parks slated for opening in 2011,” adds Jiří Kristek.

Both Czech and international developers participate in the development of retail parks this year. Czech firms have worked in Aš and Česká Lípa, and Austrian and German companies have opened or will open new retail parks in Znojmo, Chrudim, Prostějov, and Sokolov.

The developer of the Znojmo park, P.V.N., plans on opening a retail park in Šumperk next year. For the subsequent years, it is preparing parks in České Budějovice and Most, and extensions of existing parks in Tábor and Olomouc.

NEW RETAIL PARKS IN THE CR AND THEIR OPENING DATES – 2010

Retail Park Aš	May 2010	Retail Park Česká Lípa	Autumn of 2010
Family Centrum Chrudim	May 2010	Retail Park Prostějov	Autumn of 2010
P.V.N. Znojmo	Sep 2010	Retail park Sokolov	Autumn of 2010
Stop.Shop Znojmo	Nov 2010

Source: Cushman & Wakefield, September 2010

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