December 2019

Hammerson plc announced that, following the clearing of the City of Paris pre-emption right, it has completed the sale of the 75% stake in the Parisian shopping destination Italie Deux to AXA Investment Managers – Real Assets for €430m (£362m).

Cracovia Outlet is set to become the only new fashion and lifestyle center in the Polish city. Peakside Capital and the KG Group have recently reached an agreement on this matter. ROS Retail Outlet Shopping has been appointed as the management company.

Celebrating the end of a successful year of Arts, Sloane Stanley has announced the latest street art installation just in time for Christmas. The festive scene is the seventh to appear on the King’s Road this year, and features a forest scene with skating rink alongside a warming winter hearth by artist Antonio Rodrigues Jnr.

Unibail-Rodamco-Westfield and the future operator Explorado Group will open the new EXPOHALLE on the promenade of Centro in Oberhausen in March 2020. The approx. 2,800 sq m hall will be a platform for various events, leisure and entertainment exhibitions. The first highlight will be a multisensory and interactive exhibition of the “Smurfs”, which has already made successful stops in Paris and Brussels.

Opening in time to benefit from centre:mk’s significant Christmas trading period, during which footfall is anticipated to exceed seven million visits, Lush, the handmade bath art and cosmetics brand, has recently launched a 2,793 sq ft store in centre:mk.

After quite a difficult time in Europe, when the main objective of the managers of most shopping centers was to try to sell every square meter of commercial space to tenants, including areas within shopping arcades, things are, in my opinion, back on track – the green track.

Altarea Cogedim’s Cap3000, which is located in the vicinity of Nice, is celebrating its 50th anniversary. The center has recently been expanded by 70,000 sq m, and a high-end area featuring 30 premium and luxury shops is due to open in 2020.

“Another factor not to be underestimated in terms of quality of stay are the restrooms, whose cleanliness many visitors regard as a litmus test for the general condition of a shopping center – just like they would in a hotel room.”

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