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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