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April 2019

Trei Real Estate GmbH (Trei), a developer with over 10 years’ experience on the Polish commercial real estate market, is rapidly developing a network of convenience retail parks. The company, part of the German Tengelmann Group, has now opened its 11th Polish retail park, operating under the Vendo Park brand, in Bytów. This is the developer’s first investment in the Pomerania region. The total cost of investment was approximately EUR 4 million.

Deka Immobilien GmbH has acquired a retail park in Sweden for around EUR 70 million. Aberdeen Standard Investments European Real Estate Club II sold the property, which will be added to the portfolio of the WestInvest TargetSelect Shopping sector fund for institutional investors.

The retail and shopping center experts from CMde Centermanager und Immobilien GmbH are now responsible for the center management, property management and leasing of the Lenné Passagen in Frankfurt (Oder), Germany.

LabTech, owner of Camden Market, and Colliers International have created an innovative new approach to leasing the retail and F&B element of Hawley Wharf, the 580,000 sq ft mixed-use destination that is due to open in Camden this autumn.

Frenchgate Shopping Centre in Doncaster has received planning consent for a multiplex cinema and is currently in discussions with two well-known cinema brands. Work on the £8 million investment will begin later this year, ahead of a spring 2020 opening. The planning permission is part of an ongoing investment strategy by the centre’s owners, The Frenchgate Limited Partnership.

Mall of Tripla, the largest shopping centre in Finland and the entire Nordic region, will open on October 17, 2019. The new Pasila station will also be inaugurated at the same time. The opening festivities are expected to attract a large crowd from across the Helsinki metropolitan area.

HMSHost International, global market leader in the food and hospitality industry for people on the move, has signed new contracts with both Shanghai Pudong Airport and Beijing Daxing International Airport. It opens up the way to create 14 new Food & Beverage locations. Under the agreement more than 85% of the new F&B locations will be fully operational before China celebrates their national day on October 1st 2019

Mitiska REIM has recently announced a strategic partnership with Karuzela Holding. Under the terms of the agreement, the two companies will form a joint venture in Poland, and Mitiska REIM’s FRI 2 fund will acquire a 50% holding in two retail parks and two gallerias owned by Karuzela, comprising a total GLA of 35,600 sq m, and both parties will co-develop four additional projects, comprising a total GLA of approximately 60,000 sq m.

Residential buildings and hotels emerge on shopping centers. Areas of supermarkets are being used for this as well, as the retail real estate industry discovers the benefits of urban densification.