Monthly Archives: November 2021

EDGE delivers mixed-use development Valley in Amsterdam to RJB Group

After more than four years of construction led by EDGE and realized by contractors G&S Bouw and Boele & van Eesteren, the building is ready to welcome office tenants, new restaurants and bars, residents, and visitors. Residents will start moving … Continue reading

Christmas shopping almost triples UK retail footfall

In high streets the increase was even greater at +6.2%, nearly double the rise of +3.3% in shopping centers. The rise in footfall of +0.4% in retail parks was the most modest by far of the three destination types, however, … Continue reading

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DI Group wins EDEKA for retail park in Dülmen

Until recently, the hypermarket company “real” managed the “Auf dem Quellberg” location. In the coming year, EDEKA will invest extensively in the repair of the building as well as the conversion and modernization of the 550 parking spaces while the … Continue reading

Fashion label Bershka picks Liverpool One for regional debut

Located on upper South John Street, the new store will offer the fashion label’s menswear and womenswear collections, as well as exclusive ranges such as Bershka X Nirvana and Bershka X League of Legends.  Berskha is the third Inditex brand … Continue reading

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Revetas converts entire portfolio in Romania to renewable energy

Eric Assimakopoulos, Founding Partner of Revetas says: “As part of Revetas’ strategy towards carbon neutrality across our business over the coming period, we are pleased to announce our entire portfolio in Romania is now exclusively using green energy, originated from … Continue reading

Ashley Center in Epsom appointed new managing agent LSH Belfast

The center opened in 1984, is located south-west of central London, and has more than 34, 370 sq m of retail space. It is anchored by Waitrose and Marks & Spencer, and also home to a variety of major brands such … Continue reading

Willem Jan van de Water starts as ESG Project Manager

Willem Jan van de Water made the move from the Dutch pension fund for rail and public transport workers (formerly SPF Beheer), where he spent four years as senior technical manager. His past employers also include Sweco Real Estate Management … Continue reading

BIG Shopping Center raised 55 million euros at the Israeli stock exchange for further expansion in Serbia and the Balkans

BIG Shopping Centers Ltd., the controlling shareholder (~95%) of BIG CEE, successfully raised NIS 205 million (approx. EUR 55 million) by issuing secured bonds at the Israeli stock exchange by refinancing the following shopping centers: BIG Fashion Kragujevac, BIG Kruševac … Continue reading

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Erik Engstrand joins Across Advisory Board

Erik Engstrand is CEO and Founder at SAFE Asset Group experts in Real estate certification and COVID-19 compliance. He is a management professional with international experience from leading positions in both retail and property companies in security, insurance, and risk management. … Continue reading

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Construction work of the Main Yard neighborhood development in Frankfurt started

In the immediate vicinity of the central shopping street Zeil, flanked by an approximately 140-meter-long, leafy private street–the Grüne Gaß’–the ORT Group is developing around 300 apartments, a design hotel with approx. 300 rooms, and contemporary restaurant and retail areas. … Continue reading

Marie Ernst is a new advisory board member of the Rotonda Business Club Düsseldorf

The other board members include numerous, well-known players from the fields of business, culture, and politics. Together, they support the content-related work of the club, expand the Rotonda network and are involved in social and cultural project promotion. The Rotonda … Continue reading

€600 million raised by VIA Outlets in its inaugural green bond issuance

This is the first ‘green bond’ ever issued by an outlet owner-operator in Europe. The proceeds will be allocated to repay the majority of outstanding debt and to allow the company to execute its growth strategy in the coming years. … Continue reading

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LCP expands retail portfolio with Russel Street Retail Park acquisition in Darlington

The park comprises three units with a total of 2,308 sq m, with occupiers Halfords and the British Heart Foundation, with the final unit void. There is also a 135-space car park. The acquisition is the latest in a line … Continue reading

GCSP Business Briefing /// November 24, 10-11 am /// online

In MEC’s report, the key finding is: Sustainable and cross-asset-class strategies are needed to develop cities and rural areas for the future as urban neighborhoods and surrounding areas gain in importance. After 10 years of great growth in stationary trade, … Continue reading

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GCSP and MEC host an online panel on retail parks in the cities of tomorrow

In MEC’s report, the key finding is: Sustainable and cross-asset-class strategies are needed to develop cities and rural areas for the future as urban neighborhoods and surrounding areas gain in importance. After 10 years of great growth in stationary trade, … Continue reading

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Supermarket Income REIT buys two more supermarkets for £73m

The Sainsbury’s store opened in 1989 and was refurbished in 2016. The 7-acre city center site comprises a 6,039 sq m net sales area supermarket, an 18-pump petrol filling station and over 500 car parking spaces. The store has a … Continue reading

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Neighborhood Retail Center Deli in Duisburg was purchased by HIH Invest

Anchor tenants are an “E-Center” hypermarket (Edeka) on 7,000 sq m and a “toom” DIY store on 8,800 sq m of lettable area. Other tenants include a Dänisches Bettenlager home furnishing store (1,100 sq m) and the Frütel Sport & … Continue reading

Retail Parks–an attractive asset class in times of crisis and beyond

Statement of the publisher, Reinhard Winiwarter: The topic of retail parks with their current developments and benefits is being widely discussed, especially after the pandemic-related acceleration of trends and the need to adapt quickly. This asset class is proving to … Continue reading

Landsec invests £135m in decarbonization plan for its portfolio

The move comes two years ahead of the UK Government’s recently announced deadline for corporates to publish their pathway to their 2050 net-zero target. The fund will be used to finance a series of initiatives over the coming nine years to … Continue reading

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People On the Move

Hajir Hajji Action Credit: Action The Board of Directors announces that Sander van der Laan will be stepping down as CEO of Action to be succeeded by Hajir Hajji, currently Commercial Director and member of the executive management team.  The … Continue reading