Daily Archives: December 16, 2019

BREEAM “Excellent” post construction certificate for the Designer Outlet Croatia

“Sustainable building is characterized by the continuous and rigorous pursuit of a lifecycle-oriented process from the conceptual and design phase to the ongoing operation”, reports Michael Haugeneder, Managing Director of ATP sustain. “We are proud of the fact that we were able to … Continue reading

Trio of retailers launch at Caledonia Park

Taking 2,766 sq ft, Levi’s® has launched at the destination’s fashion-focused South Mall, stocking its coveted clothing and denim collections, and iconic products such as the iconic original 501® jeans. In keeping with the global brand’s heritage of craftsmanship, the … Continue reading

Quilvest Capital Partners and Kintyre acquire the Seemaxx urban precinct

Located in central Radolfzell, overlooking the Bodensee (Lake Constance), the investment was purchased from H Sat, the Swiss family office. The property totals 35,000 sqm of commercial space, including the Seemaxx factory outlet centre, logistics and warehousing units, and the … Continue reading

Seamless transition in top management

After more than 20 years in the management team at Union Investment Real Estate GmbH, including the last 12 as Chairman, Reinhard Kutscher (65) will hand over his duties to successor Jörn Stobbe (54) at the end of the year. … Continue reading

The new KaDeWe – the journey continues

It is a brand that has been reinventing itself repeatedly since 1907 and has always successfully combined tradition with modernity as well as locality and international influences. On December 10th, 2019, KaDeWe celebrated the opening of the new boutiques of … Continue reading

RPMI Railpen appoints Richard Swart as new Head of Investment Risk

He will also be responsible for integrating risk management support into the investment teams, enabling Railpen to continue to deliver strong risk adjusted returns for its 107 clients and 350,000 members. Richard was previously Principal Risk Manager at PGGM, the … Continue reading

Hammerson completes sale of 75% stake in Italie Deux

As previously announced in July 2019, the forward sale of 75% of the Italik extension for an additional €43m is expected to complete in early 2022, 18 months after the opening of the development. The transaction represented a net initial … Continue reading

Balfin Group continues disbursement of fund to earthquake victims

Tirana East Gate (TEG) execute payment of 120,000 euros. Another payment was executed by Balfin Group companies in favor of earthquake affected persons in Albania. The company that made the transfer to the bank account of the Ministry of Finance … Continue reading

BNP Paribas REIM acquires the landmark building “51-53 Boulevard Haussmann” in Paris 9th

The six entrances along the length of Boulevard Haussmann as well as Rue Auber and Rue Caumartin ensure outstanding visibility on the street that has the second highest footfall in Paris after the Champs-Elysées. This acquisition was made on behalf … Continue reading

Inditex’s net sales climb 7.5% to €19.8 billion

Net profit increased by 12% to €2.72 billion. The executive chairman, Pablo Isla, highlighted that the quarterly figures confirm the Company’s strategy and once again demonstrate the “solid growth being delivered by our integrated stores and online model, thanks to our focus on the highest -quality locations, … Continue reading

Sponda announces departure of CEO Kai Aejmelaeus

Sponda announces the departure of Kai Aejmelaeus as CEO, effective 20th of December 2019. James Seppala, European Head of Real Estate at Blackstone, said: “We thank Kai for his important role in the critical period that followed our acquisition. We … Continue reading

Joining Forces on a Project in Krakow

Less is often more. With that in mind, Peakside Capital, the investor and developer of Fashion Outlet Kraków, and the KG Group, the developer of Cracovia Outlet, have agreed that only one new fashion and lifestyle outlet will be opened … Continue reading