Page 8 - #202 October 2025

VALENTINO HAS REOPENED ITS HISTORIC

MILANESE ADDRESS AT 20 VIA MONTENAPOLEONE

The boutique, which had been in operation since 1969
and had become a landmark for affluent international
shoppers, has been temporarily closed since 2022 for
the renovations.
The original boutique had an entrance on Via Santo
Spirito 3, but over the course of its history, it has been
the subject of successive expansions that have led it to
become part of its larger current version, complete with
a main entrance at number 20 Via Montenapoleone.
The flagship, now completely renovated, covers more
than 1,170sq m spread over three levels and features two
separate entrances, dedicated to the men’s and women’s
collections, respectively.
The fashion house celebrated the reopening with two
new limited-edition variants of its Valentino Garavani
Vain line of bags, on sale exclusively at the store.

M CORE STARTS RETAIL AGORA MALL ARAD REOPENS
INTERNATIONAL NEWS
PARK DEVELOPMENT FOLLOWING REFURBISHMENT

M Core has started development of M Park Galați, the city’s first Agora Mall Arad reopened its doors following an extensive
retail park, on a 100,000sq m plot acquired in December 2024. renovation and repositioning process, with strategic consultancy
The development will feature approximately 30,000sq m of provided by the retail team at Cushman & Wakefield Echinox.
built area, hosting international and local retailers including The new 36,000sq m project is positioned as a local retail
the city’s first Leroy Merlin store. The retail park will include a destination with a diverse mix of retailers adapted to the needs
food court and drive-thru restaurants, along with electric vehicle of the community.
charging stations and is set to open in Q4 2026. The location Dana Radoveneanu, Head of Retail Agency, Cushman &
provides accessibility for Galați residents and the wider region. Wakefield Echinox, said: “Agora Mall is a clear example of our
”With this project, we are strengthening our presence in ability to deliver customised strategies that meet both market
South-Eastern Romania while staying true to our mission of demands and consumer expectations. The Romanian retail
delivering modern, sustainable retail spaces designed to support sector remains dynamic and regional cities offer solid growth
local development,” said Clemens Petschnikar, CEO of Square potential. With a significant increase in modern retail space
7, part of M Core. this year and considering developers’ announced plans, this
M Core is a family of property investment and management segment continues to be an essential engine for investment and
companies with a €7bn portfolio of assets and 600 employees development in the local real estate market.”
across Europe, managing over 1,050 assets across the UK, France, As part of the refurb, Cushman & Wakefield Echinox secured
Poland, Romania, Germany and Spain. leases for 7,300sq m of retail space for a variety of brands.

KGAL Investment Management has completed
the repositioning of the former Charles Square
Centre in the heart of Prague. Under its new
name, Karlák, the inner-city office and retail
complex is offering almost 20,000sq m of
leasable space.
The value-add measures have resulted in a
higher-quality tenant mix with improved credit
ratings. While the office space on the upper floor
was already in the premium segment at the time
of purchase, with tenants such as Cisco Systems
and Commerzbank, the retail area has now
also been given added flair. 1,200sq m has been
newly let, with the use geared more towards food
and beverages. Alongside international brands,
Paul and McDonald’s, the tenant mix includes
local concepts such as Fruitisimo.

8 RETAIL & LEISURE INTERNATIONAL OCTOBER 2025