Monthly Archives: June 2019

Ashleaf Shopping Center Guiding EUR 10.75 Million

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

Hines and PGGM invest in via della Spiga 26 in Milan

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

Citycon sells two shopping centers in Finland

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

Wirecard expands cooperation with KaDeWe Group to enable all digital in-store payments

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 is 10 years old

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

Trei Real Estate Appoints Nadežda Ptáčková as Managing Director for its Subsidiaries

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

Quiz opens new store at Liberty Romford

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

Primark Opens Its First Store in Slovenia

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

Lakeside Village gets £1m refurbishment underway

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

Fashion Outlet Krakow will set a new standard in the Polish outlet market

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

Eurocommercial selected Quantaflow for footfall analysis in its French and Belgian centers

Quantaflow, the experts in shopping center footfall measurement, have announced that European developer Eurocommercial Properties have chosen their latest solution ’MyQuantaflow’ to count and analyse visitor flows in their French and Belgian centers. MyQuantaflow will be deployed across 11 shopping … Continue reading

Unibail-Rodamco-Westfield Germany takes over quarter management in Frankfurt’s NordWestZentrum

The management contract covers operational center and quarter management, asset management and the letting of the mixed-use urban center, with a gross usable area of 340,000 sq m. Unibail-Rodamco-Westfield thus extends the existing management portfolio in Germany to 27 assets … Continue reading

EBRD invests €50 million in new NEPI Rockcastle benchmark-size Eurobond

The firm is owned by NEPI Rockcastle, a leading property investment and development group which is present in nine markets across central and southeast Europe, with Romania making up the largest share of the company’s portfolio. NE Property B.V.’s Eurobond … Continue reading

Five new signings on their way to Wembley Park and London Designer Outlet

Quintain, the developer investing £3bn in the transformation of 85-acre Wembley Park, has secured international photography experts Getty Images Gallery, hairdresser ChopChop London, independent bike shop Twenty3c and Italian restaurant operator Pasta Remoli. Additionally, flip-flop brand Havaianas will open at … Continue reading


Cineplexx cinema group celebrates the start of construction for the first cinema location in Sarajevo, the capital city of Bosnia and Hercegovina. The company will build eight cinema halls with total capacity of 1.400 seats and visitors will have the … Continue reading

Forum Schwanthalerhöhe opened in Munich

Munich’s Westend got a new shopping destination, with its 90 shop concepts on three floors and a total area of 25,000 sq m, a mix of fashion, technology, sports, food, restaurants, and services. It’s interior design bridges art, with the … Continue reading

Community-led Approach Drives Footfall

By Stefan Sjöstrand The truth is there is no “one size fits all” approach. The key lies in building tailored offerings around the needs of individual communities to meet their needs and aspirations and, above all, inspire emotional connections. We … Continue reading

People in the European Retail Real Estate Industry

AG Real Estate France SAS Xavier Denis Xavier Denis has been appointed President of AG Real Estate France SAS, replacing Brigitte Gouder de Beauregard. Denis joined AG Real Estate in June 2018 as Chief Development Officer, Member of the Management … Continue reading

Bryan Cave Leighton Paisner advises Sonae Sierra and MAB Development on Sale of Shopping Center ‘Hofgarten Solingen’

Hofgarten Solingen is the largest shopping center in the German city of Solingen and, after Allee-Center in Remscheid, the second-largest shopping center in the area Bergisches Land. The property in Kölner Straße in Solingen, Germany, offers 22,700 sq m of … Continue reading


The brand’s first standalone store in Europe joins an impressive roster of brands already on-site at the shopping centre, including Guess, Jaeger, GAP and Skechers. The go to menswear and kidswear brand for casual dressing, Jack & Jones Junior will … Continue reading