Monthly Archives: May 2020

When managers waive their salaries

A virus caused a worldwide crisis with health and as well as economy-related ramifications. Lockdowns and their consequences have a substantial impact on the retail real estate industry. Conflicts between tenants, operators, as well as investors intensify due to massive … Continue reading

Shopping center ALEJA received first visitors

On May 8, 2020 the brand-new shopping mall in Slovenia ALEJA opened its doors. It is a partial opening, as there are 21 stores open. These are the following: Interspar Hypermarket, Müller drugstore, Nova KBM bank, Sensilab, telecommunications operators A1, … Continue reading

Almada Forum and Armazéns do Chiado nominated for the Marketeer Awards 2020

The Marketeer Awards recognize brands, advertisers and organizations that make a difference in Portugal. The 2020 edition includes 34 categories, among which Corporate brands, Branding and Publicity agencies, Communications agencies, Arts and Culture, Fashion and Accessories, Large Commercial Spaces, and … Continue reading

Spanish insight in the COVID-19 real estate impact by property manager MVGM

The report analyses other issues in the impact on different real estate assets apart from shopping centres, such as hotels, logistics centres or offices, as well as aspects related to tenants and properties. Elisa Navarro, General Manager of MVGM in … Continue reading

Despite the COVID-19 pandemic, the construction of Galeria Wiślanka is halfway through!

Road works began this month, including the implementation of over 600 parking spaces for future customers of Wiślanka. “Already at the architectural design stage, we paid special attention to the appropriate quality and number of parking spaces. Due to the … Continue reading

IKEA Retail: leveraging technology in Coronavirus times

With almost a third of the world’s population now at home due to the Coronavirus pandemic, the way of life and work has changed. People are spending more time at home, connecting online with the outside world, looking for motivation, … Continue reading

Remaining optimistic

ACROSS: The corona crisis paralyzed almost the entire European retail landscape. How is VIA Outlets handling the current challenges? OTTO AMBAGTSHEER: After having had to close eight of our eleven centers following government advice, we are already starting to reopen some centers; … Continue reading

New Espoonlahti regional library to open in shopping centre Lippulaiva in spring 2022

Citycon and the City of Espoo’s Facility Services have signed a lease agreement for the opening of the Espoonlahti regional library in the shopping centre Lippulaiva in spring 2022. The library will be on the third floor of Lippulaiva and … Continue reading

Atrium European Real Estate: First quarter 2020 trading update

Highlights year to date ▪       The Company performed well up to the outbreak of Covid-19 and the implementation from mid-March of various governmental restrictions to trading in our centres, which adversely impacted the strong Q1 2020 momentum ▪       A progressive … Continue reading

Flexible reaction in times of change

By René Popik At present, it would be unlikely to find a business that hasn’t been affected by the current situation. In recent weeks, the protection of public health has been paramount to us. We have therefore implemented many measures … Continue reading

Hammerson: Update on disposal of retail parks portfolio

In accordance with the terms of the SPA, Hammerson served notice to complete on Orion specifying that completion must occur by no later than 6 May 2020. Following close of business on 5 May 2020, Orion notified Hammerson that it … Continue reading

Neinver appoints Stephan Fickl as new Group Leasing Director

Stephan has over 20 years of experience in the retail industry across three continents, covering department stores, shopping centres and outlet centres. He will steer the group’s leasing strategy across the six European countries and 23 assets currently operated by … Continue reading

Klépierre places €600 million 9-year bond at a 2.0% coupon

The bond was priced at 230 basis points above the swap rate, corresponding to a 5-basis-point new issue premium.  Subscribed 5 times, the notes were placed with high-quality, long-term global investors, notably from France, Germany, Japan and the UK. This new … Continue reading

Quintain appoints Richard Poyser as head of retail leasing & asset management for Wembley Park

Surrounding the world-famous national stadium, Wembley Park’s transformation reflects its legendary past and strong cultural heritage where many of the world’s greatest musicians, entertainers and sportspeople have played. In his new role, Richard will be responsible for the leasing and asset … Continue reading

Castellana Properties donates 50,000 euros from its Solidarity Fund in food and basic necessities to vulnerable groups

Castellana Properties, specialist in the acquisition, management and rehabilitation of real estate assets in the retail sector and listed on the Alternative Stock Market (MaB), is collaborating with vulnerable groups in cities where it has shopping centres and retail parks … Continue reading

GCSP: Sample Handbook on Hygiene and Safety Measures – Free PDF Download

Christine Hager, Chairperson of the German Council of Shopping Places: “Retail and retail real estate are only successful as a unit. Together with experts from our members we have therefore developed our first sample manual for a slow reopening of … Continue reading

Redevco initiates large-scale on-site renewable energy generation project

Launched earlier this year, Project Solar aims to ramp up the provision of on-site clean energy generation by installing solar panels on the roofs and carparks of the retail park assets that Redevco manages on behalf of one of its … Continue reading

Leisure as the last opportunity for malls to become lifestyle destinations

By Gilles Devendeville Malls already started to decline in US because they had not taken fundamental changes in customer’s expectations into consideration. The merchandising mix was just starting to include more spaces for food halls, green areas, and leisure concepts … Continue reading

Smart all-in-one solution against Corona: Hygiene Station from umdasch

The Hygiene Station combines all obligatory measures for shops: disinfectant, cloth and mask dispensers. Retailers can choose from four models – from the Light version to the Hygiene Station Pro with optional integrated technology (digital signage and access control). This … Continue reading

Neinver reopens its outlet centres in Germany and Poland

Poland thus becomes the second market where NEINVER is reactivating its outlet portfolio. The second-largest operator of outlet centres in Europe and the market leader in Spain and Poland, the company launched its reopening process on 20 April in Germany.  … Continue reading