Monthly Archives: October 2017


BNP Paribas Real Estate Jens Wehmhöner Jens Wehmhöner (39) is the new senior director pan European retail at BNP Paribas Real Estate. He will be based in Hamburg and will be regularly in London and Paris, reporting directly to Fiona … Continue reading

“We are creating places where many people meet”

ACROSS: Please give us an overview of your current projects in Europe. Carsten Heidtmann: First, I want to mention our most recent project, MAR Shopping Algarve, which is scheduled to open at the end of October in Loulé, on Portugal’s … Continue reading


NETHERLANDS | FORUM ROTTERDAM Multi Netherlands has started work on the major city-center project at Forum Rotterdam, located between Rotterdam’s most important shopping streets, Coolsingel, Binnenwegplein, Lijnbaan, and “Koopgoot.” Once complete, Forum Rotterdam will comprise 64,000 sq m of space for … Continue reading

An award for “First Store by Alexa”

The vision Alexa’s operators, Sonae Sierra and Union Investment, in Berlin was to create a lively, colorful, and distinctive trading place. A modern shopping experience must include diversity and innovation. “First Store” is designed to offer innovative store ideas a … Continue reading

Huma eleven Celebrates Expansion to 50,000 sq m

Huma eleven in Vienna-Simmering (Austria) lies at a traditional retail location. The catchment area extends beyond the populations of Simmering and the city of Vienna to include much of Lower Austria and northern Burgenland. In addition to existing municipal bus … Continue reading

Bargain hunting in Poland

The first Polish outlet center was established in 2002. At present, 14 such facilities are in operation with further projects and locations in the pipeline. In the 15 years this market segment has existed, developers have tried to create the … Continue reading

Is Entertainment Shopping Centers’ Last Hope?

By Kristjan Kask Traditionally, it marks activities people actively participate in, like riding a carrousel or bumper car, clapping hands at a concert, or enjoying a blockbuster in an IMAX. More recently, the shopping center industry has begun to classify … Continue reading

City Report Berlin – the place to shop

Today, it’s at almost €60 billion, but it has at least been declining for some years now. The city has therefore not become richer. Even though Wowereit certainly wasn’t thinking of its shopping centers: What do retailers, project developers, and … Continue reading

Brands as a quality promise

ACROSS: Mr Grüll, IMMOFINANZ recently announced news on the international marketing of your STOP SHOP brand, correct? GERALD GRÜLL: Yes. We now have nearly 70 locations under the STOP SHOP brand in our portfolio and these are now being marketed … Continue reading

An Accounting of Operating Cost

By Dirk Wollweber and Sonja Schröer We are experiencing a time full of penalties for un-invested liquidity and ever-falling entry rates for all types of real estate investments, including those in large-scale retail real estate and shopping centers. Against this … Continue reading

Opening of the BWT Flagship Store in Moscow

From the design concept, to planning, to production, and from integrating digital tools to building contracting operations and installation — Umdasch Shopfitting demonstrated its full range of services. The result is a store in which water, the elixir of all … Continue reading

Eurovea2 moving ahead

The success of Eurovea is proved not just by still-increasing visitor number — almost 85 million in seven and a half years — but also by still-ongoing interest from tenants and brands in being a part of the project. The … Continue reading

Five Years of Mediation in the Czech Republic

By Jitka Kadlčíková These can include disputes between the shareholders of the development company, controversies between management and shareholders or between the managers themselves, and, most commonly, disagreements with third parties, such as neighbors, before the construction begins and during … Continue reading


The instruction comprises seven shopping centres and two retail parks amongst other retail and leisure assets. Included are: Abbey Centre in Newtownabbey, Belfast; Priory Meadows in Hastings; and The Avenue in Newtown Mearns, Glasgow. They join other leading schemes that … Continue reading

Linstow Center Management and Multi Corporation kick off expansion of Alfa shopping centre in Riga

The project involves a total investment of EUR 55 million and is due to be completed in August 2019. Swedbank Latvia is the financial partner of the project and providing a EUR 40 million loan for the construction. “We are … Continue reading

Esplanade du Flon – the new meeting point in the Quartier du Flon

In order to ensure the highly diversified offer defining the district, Mobimo, owner of the place, is also very keen on maintaining and enhancing the high standard of its outdoor public spaces. L’Esplanade du Flon is a square located in … Continue reading


Doyle joins from EE, the UK’s largest 4G network, where she was Director of Retail and responsible for leading and developing a retail team of over 3500 employess across 583 stores in the UK. With a successful career in the … Continue reading

Master Management Group acquires seven shopping centers

Master Management Group (MMG) has taken ownership of centers located in Kutno, Ciechanów, Piekary Śląskie, Józefosław, Lubin, Poznań and Szczecin. The company also manages Brama Mazur in Ełk and Galeria Niwa in Oświęcim, which together with the acquired centers account … Continue reading


Bayerische Versorgungskammer (BVK) is the fund’s investor. Habona Invest GmbH is the seller of the properties. The parties have agreed not to disclose the purchase price. The acquisition is subject to antitrust clearance. The buyers were legally advised by Mayer … Continue reading

BMO Real Estate Partners expands investment and asset management teams with two new appointments

Kenneth, who will report directly to Richard Kirby, Director, Property Funds, will support the investment team and will be responsible for the analysis of acquisition opportunities for various BMO REP client mandates as well as single asset opportunities for the … Continue reading