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Articles - Retail Market

Signs of Improvement Are Visible, but a Full Recovery Will Be Gradual

Colliers experts have reviewed the key real estate market trends of the first half of 2026. During the press conference, the company’s leading specialists – Kristóf Tóth (Associate Director, Head of Research), Balázs Zelles-Görgey (Director, Head of Capital Markets), Miklós Ecsődi (Partner, Head of Occupier Services), Anita Csörgő (Director, Head of Retail) and Tamás Beck (Partner, Head of Industrial & Logistics) – provided an in-depth analysis of the performance of individual real estate sectors alongside the current economic environment.

NEPI Rockcastle Strides into Q1 2023 as Net Operating Income up 27% to €120 mln, Robust Growth in Sales, Footfall and Spend

NEPI Rockcastle (NRP.AS) (JSE.NRP), Europe’s third largest listed owner, developer and manager of retail properties by portfolio market value at €6.6 billion, and the largest in Central and Europe, generated a 27% rise in net operating income (NOI) in the first quarter (Q1) of 2023 versus Q1 2022, to €120 million. The sharp uptick in performance extends the trend that was accelerating through 2022 and was driven by higher base rents, tight management of operating costs and an €8.8 million contribution from the three acquisitions - Forum Gdansk Shopping Center, Copernicus Shopping Centre, 50% of Ploiesti Shopping City - made by the Group in the second half (H2) of 2022. The increase in NOI was 17% on a like-for-like (LFL) basis.