Global real estate services firm Cushman & Wakefield has been appointed an exclusive agent to commercialise extra space available following the downsizing of its big-box hypermarkets to a smaller compact hypermarket format.
The company was one of the award winners of the 2019 Prix Versailles, a global award in architecture and design. Prado, its Marseille shopping center, earned the world prize in the “shopping mall (exterior)” category.
Commerz Real has sold the retail shopping center Montijo Retail Park near the Portuguese capital Lisbon to CA Património Crescente, an open-ended real estate fund managed by the Portuguese Square asset management.
Realm has appointed Michelle D’vaz-Plant as Head of Marketing for London Designer Outlet (LDO). She joins from her position as Marketing Director at Jessops where she oversaw new store development work across more than 20 locations.
Axel Drwenski will take up the newly created post of Head of Research at KGAL. He and his team will analyse and evaluate all the markets and asset classes – predominantly Real Estate, Infrastructure and Aviation – that are relevant to KGAL.
Retail parks were long considered a necessary evil. However, their image changed drastically as they defy online retail due to their function as local suppliers. They now have the full support of customers, tenants, and investors.
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