Author Archives: Online Editor

Employers’ association calls for taxation of cross-border e-commerce

HUP claims that the growth on e-commerce during the current coronavirus pandemic has put domestic retailers in an unequal position in relation to foreign online retailers because a vast majority of them use a Croatian internet domain and create a … Continue reading

“Collaboration between lessors and lessees is essential”

ACROSS: The negative impacts of the corona pandemic will have long-term effects for the European retail and placemaking industry, even after the store reopen. Many people say that closer collaboration between lessors and lessees is essential, especially in times of … Continue reading

ECE intends to reopen two thirds of all its German centers as of April 20

Particularly Bavarian Premier Markus Söder caused irritation when he said that the loosening of restrictions shall not apply to stores in shopping centers. The federal government’s subsequently published set of rules also does not reference malls explicitly. Now, almost all … Continue reading

Ylva Sarby Westman new CFO of Kungsleden

“I am delighted that Ylva is to become Kungsleden’s new CFO. With 25 years in the industry, 11 of which in various senior positions at Kungsleden, she is one of the most experienced and well-qualified people in the real estate … Continue reading

Benko sells 17 Karstadt stores for 700 million euros

It is unusual for the Tyrolean real estate investor René Benko to announce a sale instead of an acquisition. A fund managed by Apollo Global will acquire 17 Galeria Karstadt Kaufhof stores for 700 million euros from René Benko’s Signa … Continue reading

T.E.C. Erfurt – Modernisation due to be completed by mid-2020

A comprehensive revitalisation programme aims to bring the T.E.C. even more into line with changing customer requirements and make significant improvements to customer experience in the centre. Since the middle of 2019, the owners, METRO PROPERTIES and Glinicke GmbH, have … Continue reading

Waitrose details initiatives to support its most vulnerable suppliers and sourcing communities

As well as supporting British producers and farmers, the supermarket is helping the most vulnerable communities in developing countries that supply food and other products through the Waitrose Foundation. Among its initiatives, Waitrose will be providing: Financial aid to its … Continue reading

What to Do When a Space Has to Be Temporarily Decommissioned? And What to Be Aware of When Restarting Operations

Drees & Sommer, a planning and consulting company based in the German city of Stuttgart that specializes in construction and real estate, advises public-sector and private companies on temporary shutdowns and also on recommissioning – with checklists covering cleaning and hygiene, operation … Continue reading

Ingka Group joins campaign for green recovery from coronavirus pandemic

The European Parliament launched the “green recovery alliance” on April 14 in response to calls from several EU environment ministers seeking green recovery from the unprecedented coronavirus outbreak. The COVID-19 outbreak has impacted people and businesses around the globe. Ingka Group, owner and … Continue reading

Switching to turnover-based rent

By Maxim Karbasnikoff The Russian retail market was still in a recovery phase after the economic downturn of 2014 when the Covid-19 pandemic broke out. At the end of March, like in most countries, Russian retail outlets had to shut their doors–with … Continue reading

Deutsche Konsum REIT: Robust business development despite corona epidemic

Rental payments of around 70% received in April 2020 The business closures ordered by the German government are currently affecting tenants who contribute around 30% of the current rental income of the DKR real estate portfolio. This includes tenants with … Continue reading

#property4heroes: A group of property market leaders supporting the personnel of hospitals and medical centres across Poland

The #property4heroes initiative is an expression of gratitude from developers, investors and property owners for the hard work of physicians, nurses, supporting personnel and paramedics. Normally they compete, but in the face of coronavirus they are joining forces to help. … Continue reading

LPP has already donated over a quarter of a million masks to medical facilities

The company has been responding to the needs voiced by more and more hospitals, not only from Pomerania and Małopolska regions, but from all over Poland. When the number of persons infected with the coronavirus started to increase along with … Continue reading

Ed Cooke joins Toolbox Group to lead their global expansion plans

Cooke, who takes up the newly created role with the company on 5 May 2020, has been brought in specifically to lead the continued strategic expansion of the award-winning technology and marketing innovation company. Cooke’s appointment also includes a seat … Continue reading

Germany‘s FMCG market during the corona crisis

It is hardly surprising that Germany’s consumer climate, which comprises the economic climate, income expectations, and buying mood, is crashing. And the results are even more substantial than during the financial crisis twelve years ago. GfK’s consumer climate index was … Continue reading

Retail – past its prime

By Roman Schwarzenecker “You are well past your prime,” sings Austrian singer Rainhard Fendrich in his popular song “I Am From Austria”, which became synonymous with the first weeks of quarantine in Austria. However, this line also works for stationary … Continue reading

Atrium Ljungberg’s sale of Farsta Centrum approved by the Swedish Competition Authority

This deal has a rental value of SEK 310 million and more than 100,000 m2 letting area, and was conditional on the approval of the Swedish Competition Authority. The Swedish Competition Authority has now issued its approval of the transfer of Farsta … Continue reading

Wembley Park Market launches a new online delivery service

Wembley Park Market, London’s newest indoor market, has responded to the current challenges resulting from COVID-19 and has now launched an online delivery service. Home to a number of independent brands, merchants and makers, the delivery service provides a range … Continue reading

Planning started for Leiner urban district in St. Pölten’s city centre

Christoph Stadlhuber, CEO Signa Real Estate Austria: “The project in St. Pölten is close to our hearts, and we’re pleased that we’re now entering the concrete planning stages. The Covid-19 crisis had no impact on the planning of our real … Continue reading

Regarding the need for compromise

By Yurdaer Kahraman Crisis don’t last forever. This corona crisis though can be seen as a challenge without precedence in the history after the Second World War, as most aspects of society such as health, economy, education, and social life are … Continue reading