Hatric retail park, Hartberg, Austria. Credit: Union Investment
Investment

Union Investment Special: Retail Parks

Hidden Stars: Why retail parks become increasingly popular among investors, developers, and customers.

Henrike Waldburg is Head of Investment Management Retail at Union Investment. Roman Müller is Investment Manager Retail at Union Investment. Credit: Across

“WE SEE OURSELVES AS AN ACTIVE ASSET MANAGER”

Union Investment currently counts 13 retail parks in its portfolio. Henrike Waldburg, Head of Investment Management Retail, and Roman Müller, Investment Manager Retail, explain how they manage their performance.


F.l.t.r.: Angelus Bernreuther (Kaufland), Stefan Rutter (Rutter Immobiliengruppe), Günther Helm (CEO Müller), Henrike Waldburg (Union Investment), Hannes Lindner (Standort+Markt), and Reinhard Winiwarter (ACROSS). Credit: Across

WHERE ARE RETAIL PARKS HEADING?

At the beginning of October, Union Investment and ACROSS invited leading industry experts to Hamburg to discuss the present as well as the future of retail parks. The following is a brief review.


Hatric retail park, Hartberg, Austria. Credit: Union Investment

RETAIL PARKS IN GERMANY AND AUSTRIA

Selected projects from the portfolio of Union Investment.

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Investment MORE

Polish Retail sector dominated by portfolio deals

Investors feel safe again in Poland. The total volume of investment transactions in H1 2022 amounted to almost 2.9 billion Euro, which was more than 40% more than in the same period last year. 28% of all investments were made in the shopping center sector.

Evolve Estates acquires Three Spires shopping center in Lichfield

Evolve Estates has acquired a prime open-air shopping center in the heart of Lichfield in England, its biggest retail acquisition of 2022.

Altera acquires local shopping center Het Stroink

Altera Vastgoed has acquired off-market local shopping center Het Stroink in Enschede (NL) from WP Retail Invest CV (“WPRI”). The center has recently been renovated by WPRI to create a retail complex with a pharmacy, a medical center, three primary schools, a nursery and a petrol station.

Upcoming challenges for the Polish investment market

Avison Young reports on the property investment market in Poland after Q1 2022.

LaSalle acquires £600m UK designer outlet portfolio

LaSalle Investment Management has acquired two outlet centers in the United Kingdom, McArthurGlen Designer Outlet Cheshire Oaks and McArthurGlen Designer Outlet Swindon, for £600 million from Nuveen Real Estate.

Mitiska REIM acquires retail center in Beek (NL)

Mitiska REIM announced the acquisition of Makado Beek retail center from Syntrus Achmea, on behalf of the First Retail International 2 Fund (FRI 2) and in partnership with local co-investment partner and asset manager 3W Real Estate. It is one of the largest retail centers in the Netherlands, attracting over 3 million visitors per year.