Author Archives: Online Editor

Savills IM acquires 38 supermarkets in Denmark for new European Food Retail Fund

The German special fund has received capital commitments of EUR 109 million from six German institutional investors at first closing. The first investment is a Danish supermarket portfolio of 38 urban properties with a total volume of c. EUR 140 … Continue reading

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The Crown Estate is making its places more accessible

This forms part of The Crown Estate’s wider ambition to improve its physical environments and ensure its places are truly accessible for all. These guides will help move towards meeting this ambition, and will provide detailed information for disabled visitors, … Continue reading

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Altera sells Arendshof II shopping centre in Oosterhout

The shopping centre is currently being leased to H&M, Intertoys, Van Haren Schoenen, D-Reizen, Beter Horen, Hans Anders and various local entrepreneurs. With this sale, Altera completes the year 2020 in which the retail portfolio is further optimized to the … Continue reading

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Hines Announces Lease with Nespresso in Vienna

The future anchor tenant has leased three floors and is also planning a new Nespresso flagship boutique at the location. Since taking over the asset management mandate, Hines has been working on the strategic realignment of the residential and commercial … Continue reading

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A Time of Retail Parks and Convenience Centers

By Piotr Wasilewski Retail parks have experienced somewhat of a revival in recent years. They were a popular format in the 1990s and were built primarily on the outskirts of large cities. Their concept has changed: Even though they are … Continue reading

Stenprop sells retail warehouse complex in Berlin to ILG Capital institutional fund

The retail warehouse and office complex, adjoining the Hermannplatz S- and U-Bahn station, which has a lettable area of 8,320 sq m, is changing hands for EUR 30.8 million.The main tenants of the three-storey complex, which was built in 2008, … Continue reading

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McArthurGlen appoints new group managing director of leasing

In his new position, Brady will coordinate the leasing strategy for McArthurGlen’s entire portfolio which generates €4.5 billion in annual sales and comprises 675,000 square metres of GLA, along with a development pipeline that will deliver an additional 90,000 square metres of retail … Continue reading

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Dou­gla­s d­igi­tal­izi­ng ­sup­ply­ ch­ain­ by­ ad­din­g A­I t­ech­nol­ogy

Douglas, the leading premium beauty platform, is the first retailer to digitalize its entire supply chain management with AI-driven software made by Relex Solutions. The digitalization transition involves the purchase of all products from each of the company’s suppliers in … Continue reading

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Barbara Antonia Knoflach proposed as a member of the Swiss Prime Site Board of Directors

Barbara Antonia Knoflach was born in 1965 and is Austrian. Until 2019 she was Global Head of BNP Paribas Real Estate Investment Management (REIM) and Deputy CEO BNP Paribas Real Estate S.A. in Paris. Prior to that, she worked in the … Continue reading

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Supermarket Income REIT: acquisition of a waitrose supermarket in market harborough

Developed in 2013, this prominent 2-acre site is located in the town centre and comprises a 18,000 sq ft net sales area supermarket with over 180 car parking spaces. The store forms a key part of the Waitrose online grocery … Continue reading

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ATP subsidiary Mint Architecture designs the façades and the interior architecture for the Jelmoli stores at Zurich Airport

Due to its size and impressive architecture, The Circle, which is based at Zurich Airport and also “brand new”, is one of the more spectacular Swiss buildings of recent decades. Mint Architecture picked up on the architectural language of the … Continue reading

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Niam divests mix-used property in Roskilde, Denmark

Michael Berthelsen, Country Manager Denmark, says, “During our seven years of ownership, we have successfully managed this modern multi-tenant office and retail property. We are happy to hand over the asset to the local investor and developer MM Properties, who … Continue reading

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Petia Zeiringer appointed to management board of Union Investment Real Estate Austria AG

She has been with the company since 2007, working in multi-asset portfolio management and most recently in risk management. As a new board member, Petia Zeiringer will be responsible for fund management and asset management. The three-member leadership team of … Continue reading

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GTC expands tenant portfolio in Bulgaria

GTC has signed an agreement with IKEA and Bershka to lease retail space in the Mall of Sofia. Moreover, GTC Bulgaria has also contracted with the World Bank for the expansion of office space in the Advance Business Center II … Continue reading

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Hammerson announces the appointment of Mike Butterworth as a Non-Executive Director

Mike brings 25 years’ experience in senior finance roles in FTSE 250, Small Cap and AIM businesses across a broad range of sectors including manufacturing, technology, communications, healthcare and beverages.   He was CFO of Incepta Group, prior to its acquisition … Continue reading

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APM Monaco chooses El Corte Inglés for its expansion in Spain

APM Monaco entered the Spanish market in 2017 via one standalone store in Spain – Puerto Banus, Marbella. The luxury jeweller specialises in modern and minimal designs with an on-trend high-end look and is popular with celebrities, having its designs worn … Continue reading

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Grosvenor Europe sells Burlöv Center, Malmö

Burlöv Centrum is in Malmö, one of the strongest growing regions in Sweden. The centre offers 43,000 sqm of retail space and generous car parking facilities. Anchor tenants include Maxi ICA supermarket, H&M, the government-owned alcohol chain Systembolaget and a Nordic … Continue reading

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Citycon expands municipal services at Tumba Centrum

This supports Citycon’s strategy of developing mixed use urban hubs that combine retail with healthcare and many types of essential community services.  The library in Tumba Centrum will be completely refurbished. Two examples of upgraded services include adding the ability to … Continue reading

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GRAI treading water – pandemic (still) stops recovery in retail markets

The pandemic continued to grip the European retail markets in the first quarter of 2021. The Global Retail Attractiveness Index (GRAI) for the 15 key markets, which is compiled jointly by Union Investment and GfK, fell by a further nine … Continue reading

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Changes in MERLIN Properties management team

David Brush, founder of MERLIN Properties and up until now Chief Investment Officer (CIO) of the Company, will retire on the 28th of February 2021, after nearly 40 years of his professional career devoted to the real estate sector, in which … Continue reading

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