April 2017

On the east bank of the Spree in one of Berlin’s liveliest areas packed with tourists attractions and a high population and office density, FREO Group and RFR Holding GmbH are constructing the EAST SIDE MALL, which is due for completion by the end of 2018.

Completion of divestment Turkish portfolio

New tenants include H&M, Douglas Parfümerie, Hunkemöller, Decathlon and dm-drogerie markt.

After 15 years in the Unibail-Rodamco Group, Olivier Nougarou has decided to embrace new entrepreneurial challenges and will leave the Group at the end of April 2017.

With more than 17 million visitors per year and 17 years after opening, Val d’Europe is once again at the forefront of retail innovation with an expansion bringing (opening April 12) its total sales area to more than 105,000 sq.m. The extension features 30 new brands and an even more tailor-made customer path.

Highly motivated staff and the step-by-step repositioning of the brand during the last 18 months have proved to be of key importance for the success of retail park operators ZIEGELWAGNER Austrian Retail Group.

CapMan Real Estate I fund has sold the Entresse shopping centre in Espoo Centre, Finland, to a fund managed by Barings Real Estate Advisers.

intu has added augmented reality technology to its in-centre app as it launches a new family experience bringing Nick Jr. characters to life at its centres this Easter.

Outlet Park Szczecin, owned by Echo Polska Properties, is the most popular outlet in Poland – in the first quarter of this year it was visited by 825,837 people – more than in case of other similar outlets. Average monthly footfall in Outlet Park Szczecin amounts to 290,000 customers.

Sonae Sierra, the international company dedicated to developing and service vibrant retail centred properties, was recently awarded with 3 prestigious European awards.

The Mall of Switzerland has announced its official opening date: this unique leisure and shopping destination in the heart of Switzerland will be opening its doors on Wednesday 8 November 2017.

After last year’s announcement of the expansion of their food & beverage concepts to Rotterdam The Hague Airport and Roermond Designer Outlet, HMSHost is entering a new channel: downtown.

With about 2.8 million visitors and another significant turnover plus compared to the previous year, new records were set at the designer outlets Wolfsburg.

The Dukat shopping centre in Olsztyn will be managed by Knight Frank. Dukat is a subsequent retail location in the property portfolio under Knight Frank’s management.

On behalf of the Pan European Urban Retail Fund, “PURetail”, a Luxembourg FCP-SIF available to professional investors only and closed to subscriptions since July 2014, La Française Real Estate Partners International (LF REP International) and Aberdeen Asset Management have successfully sold the “Estelle/Oscar”-Portfolio, a high-street retail portfolio located in Linköping, the fifth largest city in Sweden.

JSE listed Polish property group Echo Polska Properties NV (EPP) raised approximately R2.2 billion in an accelerated bookbuilding through the placing of 118 918 918 new shares at a price of R 18.50 per share.

The best in commercialisation programmes across UK retail destinations were celebrated at the Revo Opal Awards presentation breakfast on April 5, 2017, at the British Museum, London.

The shopping centre Jumbo, located in the vicinity of the Helsinki-Vantaa International Airport, experienced rapid growth in 2016 with an increase of 4.4% in total sales and 11% in visitor numbers.

Thor Equities, a global leader in urban real estate development, leasing and management, has signed a contract to acquire the retail space at 54 Rue de Rennes in Paris for €15 million.

Capital & Regional have submitted a planning application to Haringey Council to create a significant new retail unit and car park at The Mall Wood Green.

Pradera, one of Europe’s leading specialist retail property fund and asset managers, has completed the first acquisitions for the Pradera European Retail Parks SCSp, a Luxembourg fund which in March signed a EUR 900 million transaction with IKEA Centres to acquire 25 retail parks in eight European countries.