Monthly Archives: December 2020

IMMOFINANZ expands crisis-resilient STOP SHOP portfolio by eight locations to 98 properties

IMMOFINANZ is continuing the expansion of its successful STOP SHOP retail park brand, as announced, and has added eight locations to the portfolio shortly before the end of the year. Six fully rented retail parks in Serbia and the Czech … Continue reading

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Unibail-Rodamco-Westfield’s ambitious carbon reduction targets recognized by the Science Based Targets initiative (SBTi)

▪ URW’s targets covering emissions from the Group’s operations (scopes 1 and 2) are consistent with reductions required to maintain global warming under 1.5°C, the most ambitious goal of the Paris Agreement. ▪ URW’s emissions target pertaining to its value chain (scope 3) meet the … Continue reading

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Tommy Hilfiger and Pepe Jeans arrive at La Torre Outlet Zaragoza

La Torre Outlet Zaragoza is celebrating because, in addition to the aforementioned brands, others such as Millet, Lafuma, MovilDeluxe and, next Friday, Rossignol-Haglöfs (located in the Megasport store) have been added to its catalog. At this point, it is interesting … Continue reading

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Altera sells retail property in center of Rotterdam

The sale of the property at the Lijnbaan 81 in Rotterdam marks the latest move in Altera’s strategy of focusing on Food & Convenience real estate. Altera has sold the property to a private investor represented by CVGA Vastgoedadvies en Blok … Continue reading

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Carmila joins the SBF 120 and CAC Mid 60

Following the quarterly review of the Euronext Paris indices on 10 December 2020, the Expert Indices Committee (Conseil Scientifique des Indices) decided at its meeting held the same day to include Carmila among the issuers making up the SBF 120 … Continue reading

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Klépierre and Primark announce the opening of seven new stores in France and Italy

Jean-Marc Jestin, Chairman of the Klépierre Executive Board, said: “It is with great pride that the Group welcomes these seven new Primark stores to our malls. These future openings reflect the ability of our malls to offer the best in … Continue reading

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Special Issue „What remains of 2020”

2020 began with the, one might almost say, usual highs of the European retail real estate industry. Hardly anyone thought that a virus, which was already rampant in China at the time, would bring about a paradigm shift. But this what … Continue reading

X²O takes more bathroom to Germany

The Belgian bathroom equipment retailer X²O continues to expand. In the Netherlands, the concept has already shown that it is successful. Now German homeowners and home builders are also to get more comfort, more inspiration – in short: more bathroom.  … Continue reading

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Northern Irish outlet closes year on strong footing with +19% footfall and turnover

Despite a year of national lockdowns and regional circuit breakers north and south of the Irish border, The Boulevard, Banbridge owned by Lotus Property, has bucked the Covid downturn trend, with a 19 per cent increase in both overall turnover … Continue reading

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E-commerce will create billion dollar shopping centres

“2020 has been a challenging year for mall operators but it has also been one of much needed change with executives re-positioning their companies for future success,” said Ben Chesser, CEO of Coniq, the Total Customer Engagement Company. “From what we have witnessed … Continue reading

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A global business commitment to racial and ethnic equality

Ingka Group will work towards three key objectives: Reflect the multicultural diversity of the communities and countries where it operates, at all levels of leadership. Advance underrepresented groups through equitable business practices. Enhance inclusion for co-workers of all ethnicities, races … Continue reading

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Construction of Galeria Andrychów has started

Construction works in Andrychów started immediately after the investors signed the contract with the general contractor, KARMAR S.A. Galeria Andrychów is the first retail project in the city and the region to be developed on such a grand scale, with … Continue reading

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STRABAG kicks off Prague’s largest construction project

As consortium leader (52 %), STRABAG, together with the Czech companies Aspira Construction (32 %) and Instalace Praha (16 %), will realise on 250.000 m² around 400 flats, 8,000 m² of office space and 6,300 m² of retail space in … Continue reading

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Landsec: Executive Leadership Team and CoSec appointments

The new team structure will lead the delivery of Landsec’s new strategy, announced in October 2020, which seeks to create value for all stakeholders and positions the company for long-term growth. The strategy is based on four priorities; Optimise Landsec’s … Continue reading

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METRO PROPERTIES extends all its MEC mandates

The extended mandates cover customized services around integrated center management of retail parks and hybrid malls including commercial and technical management as well as leasing. “We are pleased to have been able to successfully advance the further development of the … Continue reading

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SES: Modern underground parking garage in Innsbruck completed

Following a construction period of two years and an investment volume of more than EUR 13 million, the general overhaul of the 3-story underground parking garage at SES shopping center SILLPARK Innsbruck has been completed. The project was comprised of … Continue reading

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The ‘Next’ big retailer lands at Icon Outlet

Next has officially open its new 4,700 sq ft store on the lower level alongside Nike, adidas and Haidilao Hot Pot. The brand’s latest store stocks fashion favourites Lipsy, as well as the group’s apparel and footwear lines for women, … Continue reading

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redos: Funds division increases AUM to over EUR 1.8 billion in 2020

Among the total of nine properties purchased are an EDEKA supermarket with an adjacent ALDI discounter store in the North-Rhine Westphalian city of Essen, a retail park in Bad Münstereifel, also located in the state of North-Rhine Westfalia, with EDEKA as … Continue reading

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ECE opens cano shopping center in singen

The shopping center offers a sales area of approximately 16,000 m², spread across three floors with about 85 stores. Of these stores, roughly 55 are concepts that are brand new to the city. The center is almost fully leased as … Continue reading

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Always a Cross-European Team Effort at Multi

Bakker and Van Riel explain why being efficiently organized and ready to adapt to new ways of doing business are key in the current environment. They see the retail market going through a restructuring phase. Bakker: “The skill is to … Continue reading

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