NEINVER continues reopening its outlet centres across Europe as countries gradually ease restrictions. On May 15, the company reopened Roppenheim The Style Outlets, located in the French Alsace. NEINVER has implemented a reopening plan, in close coordination with authorities and … Continue reading
By Klaus Striebich In numerous articles, posts, webinars, commissioned expert opinions, and other elaborations one is able to read and listen to why owners of commercial real estate can still “insist” on payment of rent despite officially mandated closures during … Continue reading
Matthew Roberts, chief executive of intu, commented: “We are pleased to have successfully concluded this transaction which is another important step in our ultimate strategic objective to fix the balance sheet over the medium term.”
Monday May 11th marked the end of the lockdown in France and Belgium with the reopening of all Wereldhave shopping centers and a large majority of its stores. After securing the centers and their shops, there was a real desire … Continue reading
With social distancing rules in place, many of them have embraced contactless payments and digital wallets as a safer way to manage their money. According to data gathered by AksjeBloggen, the global digital payments market is expected to continue rising in the … Continue reading
During the time of the complete shutdown, the company allegedly lost more than half a billion in revenue. Galeria Karstadt Kaufhof has not yet disclosed to the news agency dpa how many stores will be closed. The trade union Verdi … Continue reading
The comprehensive construction works at the 46,000-sq m Potsdamer Platz Arkaden in Berlin have begun. After the refurbishment process, which is expected to take two years, the arcade will reopen with an entirely new concept. The tenant mix of the … Continue reading
Construction has commenced on the revitalisation of the Alte Akademie in Munich’s city centre. After several years of technical discussions and an agreement on a forward-looking, careful renovation of this traditional property, work on the ensemble’s interior has begun. “With … Continue reading
The company has successfully established its business line as independent process manager in the regular tendering of property and centre management services for retail assets owned by institutional investors. Having explored the market potential in the last three years iMallinvest … Continue reading
Return on new conditions Many sectors including retail were hit hard in Poland by the declaration of the state of an epidemic and ensuing restrictions. Shopping centres were reopened on 4 May, but on new conditions. Travel agencies, cinemas, gyms, … Continue reading
According to the survey (www.gfk.com/de), which took place from April 24 to 26, 2020, 33 percent of the Germans expect that their households’ financial situation will get worse in the next twelve months. One third indicated that they intend to … Continue reading
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
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
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
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
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, 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
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
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
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
