The acquired entity was completed in 1947 and 1963 and it comprises over 17,000 sq m of leasable area. Premises are currently leased to 30 tenants, including K-Supermarket, Alko and Kappahl. There is plenty of underground parking space. “There is … Continue reading
The transaction, which will be paid in cash, values Carrefour China at an enterprise value of €1.4 billion. With a presence in China dating back to 1995, Carrefour China operates a network of 210 hypermarkets and 24 convenience stores. In … Continue reading
Expo Real responds to the strong growth of recent years and expands to include one more hall. The Real Estate Innovation Forum, Tech Alley and the Start-up Contest will move to this hall. There´s also a NOVA3 Forum. “2,095 exhibitors, … Continue reading
Close to 80% of consumers in Poland shop at outlet centers frequently or occasionally, still leaving growth potential for new outlet shoppers. The study surveyed 3,200 customers of shopping centers all over the country to learn about outlet consumers’ traits, … Continue reading
ECE will operate the center on behalf of real estate investment manager Nuveen Real Estate who holds the asset for a fund. ECE will assume the management from the current operator Unibail-Rodamco-Westfield on July 1, 2019. Along with the re-awarding … Continue reading
Recently Galeria Mazovia opened its modernised food court. Created around the idea of a boathouse, the public area uses rowing sculls, oars, buoys and other items to connect to the sport of rowing. The furniture references the hardwood used in … Continue reading
Alexander Otto, CEO of ECE, said: “In the past 26 years, Andreas Mattner has been crucial for and successfully establishing our large commercial real estate development activities alongside our shopping center business area. I therefore asked him to continue his … Continue reading
By Quentin Richelle In the retail industry, monitoring competitor offerings is crucial, yet complex to do in an efficient and scalable way. On average, retailers need to monitor about 30,000 products from dozens of competitors in each country in which … Continue reading
Selected in February 2019 general contractor of Galeria Chełm – Karmar S.A. –progresses with the construction of this modern, multi-functional retail facility. Galeria Chełm is a joint Acteeum Group and Equilis Polska project. So far, works that have already been … Continue reading
“The expansion of the Ülemiste Centre has been an exciting challenge for us. We are pleased to announce that everything went to plan, and we have been able to open our doors for our customers,” said Linstow Center Management CEO … Continue reading
The shopping center was originally developed in 2000 and is successfully anchored by Dunnes Stores. Other notable tenants in the center include Specsavers, McDonalds and Lloyds Pharmacy. The shopping currently produces an annual rent roll of approximately €1,182,729 per annum … Continue reading
The Milan value-add joint venture between Hines and PGGM, the large Dutch pension fund manager, has completed investment into Via della Spiga 26 in Milan, via a real estate fund managed by Savills Investment Management SGR SpA. The asset was … Continue reading
According to the agreement, Citycon will divest shopping center Arabia in Helsinki and shopping center Duo in Tampere. The sales price is in line with the asset’s latest IFRS fair value. The transaction is estimated to close during Q2/2019. “This … Continue reading
KaDeWe Group operates German luxury department stores KaDeWe, Alsterhaus, and Oberpollinger. The revenue of the KaDeWe Group amounted to EUR 600 million in 2018, with the majority being cashless. The Wirecard digital financial commerce platform provides retailers such as KaDeWe … Continue reading
Gloucester Quays was one of a number of strategic acquisitions made by Lifestyle Outlets, which had realised the potential value of its historic waterfront setting despite the area having fallen into disrepair. The outlet destination first opened in May 2009, … Continue reading
Starting immediately, Nadežda Ptáčková will take the helm of the two companies. Between 2004 and 2017, Nadežda Ptáčková worked for property developer Skanska Reality, a Skanska member company for housing construction in the Czech Republic. In this role, she headed … Continue reading
The new store is based in Unit F7, a 357 sq m space comprising a 205 sq m Ground Floor and 152 sq m First Floor. The unit was formerly occupied by New Look Menswear, on the center’s East Mall … Continue reading
The expectations of the new magnet business and the effect of its pull were high. The mall was completely renovated around the popular anchor tenant by Citypark operator SES Spar European Shopping Centers. A refurbishment investment of 20 million euros … Continue reading
The center, which is home to major brands such as Ben Sherman, Clarks, M&S Outlet and GAP Outlet, is undergoing a makeover with everything from the shop fronts to the landscaping of the site earmarked for improvement. Phase one work … Continue reading
The first outlets established in Poland after 2000 consisted almost entirely of commercial space intended for shops and boutiques. After almost 15 years of their functioning, consumer behavior and expectations have changed. Due to the growing ecommerce for designer, fashion … Continue reading
