April 2020

In the early fall, the French fashion label Ba&Sh will be opening its first independent concept store in Sweden in Hufvudstaden’s property at Jakobsbergsgatan 3 in Bibliotekstan in Stockholm.

Trei Real Estate GmbH (Trei), a property developer and property asset holder for residential and retail real estate, relocated from Mülheim an der Ruhr to Düsseldorf today. The real estate company had secured its new premises of around 2,400 square metres in the recently completed “Airport Office Six” property in September 2019.

If tenants experience a substantial drop in turnover–25% or more – they can convert the quarterly advance payment of rents into monthly rents and, if necessary, can request a month by month rent deferral, provided they substantiate their request with information regarding turnover.

Thomas Wels will be responsible for the development of PATRIZIA’s growing and diversified platform business and support the expansion into new business areas and international markets.

Covid-19 will sustainably change the European retail, retail real estate, and placemaking industry. The crisis’ dramatic impact will be felt for months, if not years. But what are the solutions we have available in this phase or reorientation? Which measures must be taken to find the way back to long-term success? It seems quite clear that, ultimately, the only chance for all stakeholders is reinforced, open, and transparent collaboration.

The Supervisory Board of IMMOFINANZ resolved upon the appointment of Ronny Pecik as member of the Executive Board of the company for three years starting with 4 May 2020. Ronny Pecik will be Chief Executive Officer (CEO).

As such, the Board of Directors will be waiving 20% of their base salaries or fees for an initial period of three months effective 1 May 2020 and the money will be used to supplement the £500,000 support fund for Landsec’s charity partners announced on 2 April 2020.

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