Ticker

Revcap sells six Metro stores to MiDEAL Real Estate Funds Revcap has sold six Metro stores with a total leasable area of ca. 130,000 sq m to Israeli fund manager MiDEAL Real Estate Funds. ...

CBRE sells BIG Shopping Park in Copenhagen to M&G

CBRE Investment Management, on behalf of the European Co-Investment Fund (ECF), has sold BIG Shopping Park in Copenhagen, owned in a joint venture with Portus Retail Partners to M&G Real Estate–part of M&G plc’s £65 billion private assets and alternatives business. The sale represents one of the largest European single-asset retail transactions.

Trei borrows another €27.5 Million for Retail Parks in Poland

Trei Real Estate borrowed €27.5 million in its first financing arrangement with the Polish bank Pekao. Collateral for the loan was provided in the form of seven Vendo Parks in Poland, all of which were completed during the past twelve months.

MPC Properties buys Delta City shopping center in Belgrade

MPC Properties acquired Delta City shopping center (open since 2007), expanding its portfolio to five regional retail assets with the latest, BEO Shopping Center opening in June 2020.

Mixed-use tower Timber Pioneer in Frankfurt receives building permits

The construction of the project developed by UBM Development and Paulus Immobilien is entering the implementation phase.

Newsec recruits Patrik Attemark as new CEO

Newsec will gather their present operations in seven countries under a single organization, led by Patrik Attemark who has been recruited as new CEO as of December.

Time Retail Partners appoints James Hessey to the Investment Team

TRP has announced the appointment of James Hessey to its growing investment team, joining Investment Director, Antony Nickalls, and CEO, Rob Wingrave.

Defama buys two retail properties for €4.4 million in Cologne and near Dortmund

Deutsche Fachmarkt AG (Defama) has purchased two properties in North Rhine-Westphalia: a retail park near Dortmund and a REWE store in Cologne-Rondorf.

Events

MIPIM /// March 15-18, 2022 /// Palais des Festivals, Cannes The four-day real estate event will take place from March 15-18 in the Palais des Festivals in Cannes and presents a meeting place for impor...

Opinion MORE

It is time for shopping centers to embrace e-commerce

“It is imperative for shopping centers to become part of the e-commerce economy; otherwise, your business will decline in the upcoming years.”

When there’s a will, there’s a way: The path to net zero carbon retail real estate

“Our addiction to fossil fuels is pushing humanity to the brink. We face a stark choice: Either we stop it–or it stops us. It’s time to say: enough.”

Creating places people want to visit

“We are all convinced that placemaking makes brick-and-mortar retail attractive, forward-looking, and an experience.”

Challenging times for Russian superregional malls

“The pandemic has intensified global digitalization, which is another challenge that the Russian mall industry is facing.”

Forget a “new normal”–we need change

„Instead of continuing to speculate about the new normal, as an industry, we need to discuss what (permanent) actions we want to take with respect to those changes.”

Unlocking the Value of Parking Assets as Key Components of Wider Shopping Experiences

“In today’s world, consumers expect quick and effortless service, and parking needs to reflect those changes”

Development MORE

Mixed-use tower Timber Pioneer in Frankfurt receives building permits

The construction of the project developed by UBM Development and Paulus Immobilien is entering the implementation phase.

Plans revealed for Malmö Designer Village

The 27, 000 sq m project is being delivered by Rioja Estates in partnership with Osborne+Co, its first phase is expected to open in Summer 2025 with Phase Two following soon after in Autumn 2027.

Green Light for 155-meter mixed-use tower in Vienna Twentytwo urban quarter

Signa and ARE Austrian Real Estate recently received building permits for the 155-meter-high mixed-use tower and an office building. This clears the way for the completion of the Vienna Twentytwo urban quarter, which has been under construction since 2019.

FOM leases 7,600 sq m to Edeka at shopping center in Hannover

FOM Invest has leased around 7,600 sq m of retail space in the Linden district in Hannover to the retail chain Edeka.

Tbilisi Outlet Village construction is full speed ahead

Construction of the 12,500 sq m phase1 of Tbilisi Outlet Village outside the Georgian capital has well progressed since the project celebrated groundbreaking early September this year.

Garbe, Terragon, and URW join to develop residential project in Westfield Hamburg-Überseequartier

In a joint venture, Garbe Immobilien-Projekte and Terragon have acquired a residential building in Westfield Hamburg-Überseequartier. Together with Unibail-Rodamco-Westfield, they are now working on the urban development within the mixed-use quarter.

Management MORE

Newsec recruits Patrik Attemark as new CEO

Newsec will gather their present operations in seven countries under a single organization, led by Patrik Attemark who has been recruited as new CEO as of December.

Time Retail Partners appoints James Hessey to the Investment Team

TRP has announced the appointment of James Hessey to its growing investment team, joining Investment Director, Antony Nickalls, and CEO, Rob Wingrave.

Aliya Mogireva and Daniel McKillop join transaction team at BNP Paribas

The Transaction Team of BNP Paribas REIM Germany in Munich has two new members: Aliya Mogireva as Real Estate Transaction Manager and Daniel McKillop as Real Estate Analyst.

Hahn Group appoints Daniel Löhken as new Executive Board member

The Supervisory Board of HAHN-Immobilien-Beteiligungs AG has appointed Daniel Löhken to the Executive Board, effective January 1, 2022. Together with CEO Thomas Kuhlmann, he will form the company's two-member Executive Board in the future.

Redevco creates NextGen Board for new future-proof strategy

Redevco has created a NextGen board with eight members representing various functions across the organization and each of its six European offices. NextGen’s remit will include offering a fresh perspective on the company’s vision, mission, strategy, and culture.

Lukáš Netolický appointed Partner at Cushman & Wakefield

Cushman & Wakefield promotes Lukáš Netolický from the Office team to Partner.

Investment MORE

MPC Properties buys Delta City shopping center in Belgrade

MPC Properties acquired Delta City shopping center (open since 2007), expanding its portfolio to five regional retail assets with the latest, BEO Shopping Center opening in June 2020.

Defama buys two retail properties for €4.4 million in Cologne and near Dortmund

Deutsche Fachmarkt AG (Defama) has purchased two properties in North Rhine-Westphalia: a retail park near Dortmund and a REWE store in Cologne-Rondorf.

Bradford AM buys retail park in France for €35.5 million from Commerz Real

Commerz Real has sold the Orange les Vignes retail park in southern France to Bradford Asset Management for €35.5 million for its RPCI fund. It had been in the portfolio of the Hausinvest open-ended real estate fund since its completion in 2010.

UK-based Evolve acquires retail parade in Coulby Newham

Evolve Estates Ltd has added a new retail parade to its portfolio through acquiring Parkway Shopping Center in Middlesbrough.

Ingka Centers plans first IKEA anchored meeting place in India

Ingka Centers revealed plans for a major new IKEA anchored mixed-use development in Gurugram, a city southwest of New Delhi, in the state of Haryana.

LCP expands retail portfolio with Russel Street Retail Park acquisition in Darlington

LCP has added a Darlington (UK) retail park to its portfolio, situated on St Cuthberts Way ring road, which is close to the town center, for £1.8 million.

Retail MORE

Revcap sells six Metro stores to MiDEAL Real Estate Funds

Revcap has sold six Metro stores with a total leasable area of ca. 130,000 sq m to Israeli fund manager MiDEAL Real Estate Funds.

Stern Center Sindelfingen wins tegut… as new tenant

One of the first anchor tenants signs a lease for the Stern Center in Sindelfingen (Baden-Württemberg) which will be transformed to a hybrid center. tegut... is represented with around 290 supermarkets in six German states.

FOM leases 7,600 sq m to Edeka at shopping center in Hannover

FOM Invest has leased around 7,600 sq m of retail space in the Linden district in Hannover to the retail chain Edeka.

DI Group scores ten leases for Forum Köpenick in Berlin

Deutsche ImmobilienGruppe (DI Group) concluded ten new and follow-up leases for 7,200 sq m in its Berlin shopping center Forum Köpenick.

DI Group wins EDEKA for retail park in Dülmen

Deutsche Immobilien Group (DI Group) welcomes EDEKA as new tenant at its property in Dülmen (NRW). The food retailer, which has signed a long-term lease, will take over the 9,346 sq m space on November 30.

Fashion label Bershka picks Liverpool One for regional debut

Grosvenor Britain & Ireland (GBI) announces the selection of Liverpool ONE by Bershka for its regional debut. The 743 sq m flagship is set to open early next year.

Proptech MORE

It is time for shopping centers to embrace e-commerce

“It is imperative for shopping centers to become part of the e-commerce economy; otherwise, your business will decline in the upcoming years.”

Mall of Qatar selects Coniq to design first ever customer loyalty program

Coniq’s total customer engagement platform will power Mall of Qatar’s strategy to deliver unique retail experiences for millions of shoppers.

Realization of Shopping Centers as Marketplaces

„Getting access to retailer product and inventory data has been the overall biggest challenge in any shopping center e-commerce related effort.”

Technology is The Future for Outlet Centers

“As travel restrictions are eased over the coming months we will see the full return of tourist travel, which is good news for luxury retail destinations across the UK and Europe.”

Shopping Centers as Fulfilment Locations

“In the most extreme examples, the projects include conversions of mall properties to become partial warehouses for e-commerce fulfilment.”

The Party Will Surely Resume – But Will You Be Ready to Dance?

Bigger leaps are being taken to lift us out of this pandemic. We still have a long way to go, the path ahead will be rocky, and the load we must carry is heavy. However, not everyone should expect the party to begin once we make our way out of the darkness. The beat of the drum and the rhythm of the song have changed.

Food & Beverage / Leisure MORE

Newly umdasch shopfitted Julius Meinl on Vienna’s Graben reopened

After several months of renovation work, the traditional Viennese gourmet food store Julius Meinl on the prestigious Graben in Vienna presents itself in new light in the middle of the exclusive pedestrian zone.

Dining and working in the sky? Views beyond the crisis.

In a critical period for HoReCa, office or mixed-use projects, recent investments are adding new flavors and attractive or innovative functions to revive the pulse in key submarkets of Bucharest. Can dining or working with sky views make flexible working or meetings more appealing?

Going Forward! Europe’s food retail sector in the corona-year 2020: the storm of the century

Europe's food retailers are being put to the test by the eco- nomic consequences of the natural disaster Covid-19. This is a very special kind of weather situation. While non-food retailers and the food service industry are in sheer despair in the face of the calm caused by government-imposed lockdowns, the "system-relevant" food retail sector has been confronted with a veritable storm tide since the sec- ond quarter of 2020.

Food retailers in their own words

Industry leaders told us about the sales impact Corona had on their business in 2020. They also explain what fundamental changes in location, sales, and marketing strategy they are planning for 2021/2022 in response to the widespread economic impact of the pandemic.

Food and Beverage Down Under

A look at Australia: A “Hospitality Mindset” to drive sales and deliver positive experiences in spite of Covid-19.

A brave new world – the shape of things to come

The last 12 months has seen the most catastrophic impact on the F&B sector across the globe. First into lockdown and almost certainly one of the last sectors to re-emerge from the crisis, there’s not a lot more that can be said on the devastation to businesses, employees, and guests that hasn’t already been published. But what of the future? What will the post-pandemic foodservice landscape look like?

Studies & Reports MORE

Retail Parks–an attractive asset class in times of crisis and beyond

As retail parks become more and more enticing, RegioPlan looks at the market distribution of this asset class across Europe in the following study.

Retail Park Report 2021: One-Stop-Shopping instead of One-Shop-Stopping

MEC and its partners Real Estate, Savills Germany, Dr. Lademann & Partner and WISAG published the 9th edition of the Retail Park Report “About Tomorrow–Retail parks in the city of the future”. The key finding: Sustainable and cross-asset-class strategies are needed to develop cities and rural areas for the future as urban neighborhoods and surrounding areas gain in importance.

When there’s a will, there’s a way: The path to net zero carbon retail real estate

“Our addiction to fossil fuels is pushing humanity to the brink. We face a stark choice: Either we stop it–or it stops us. It’s time to say: enough.”

An Overview of the Serbian Capital

A number of shopping centers have opened their doors in Belgrade over the past few years. In June 2020, BEO, for which MPC Properties is responsible, opened its doors. Development, Technical Operations, and Innovations Director Jovana Cvetković looks back on a time of particular turbulence – not solely due to reasons relating to the pandemic.

Turkish Market Outlook

It is a solemn fact that in order to understand the current situation of any commercial real estate market around the globe, including Turkey, analysis of the current impact of the Covid-19 pandemic on the main dynamics of the industry is required.