Monthly Archives: April 2020

The speed of trust–greater collaboration and transparency in retail centers

By Derek Rossel The onset of Covid-19 has hit the global retail center industry hard, causing stores to shut their doors and temporarily halting the construction of new retail-led mixed-use centers, expansions, and enhancements. There is no doubt that the … Continue reading

Germany: Code of Conduct for the Retail and Commercial Real Estate Industry Completed

The GCSP represents the interests of approximately 700 member companies from the entire value chain of the retail and the retail real estate industries, comprising approximately 1 million employees nationwide. “On April 8, 2020, we released our Code of Conduct, … Continue reading

Director remuneration and supporting the Trussell Trust

NewRiver has also seen the extraordinary contributions made by our teams, customers, occupiers, advisers, and other stakeholders, to support those who are most in need. In recognition of these circumstances, NewRiver is today announcing that its Board of Directors will be … Continue reading

Cole Waterhouse has submitted a full planning application to Birmingham City Council for its 5.11-acre site at Upper Trinity Street in Digbeth, Birmingham

For over a year Cole Waterhouse has been working closely with Birmingham City Council, neighbouring landowners and planning consultancy Barton Wilmore to bring forward its vision for Upper Trinity Street. The proposed development comprises almost 6,000sqm of mixed creative, retail, … Continue reading

SPAR Spain stands in solidarity with communities during the COVID-19 pandemic

Moreover, SPAR Spain is supporting high-risk groups such as the elderly and people who depend on food banks. These solidarity actions vary in magnitude, ranging from donations and the transport of food and basic necessities, to simple initiatives such as … Continue reading

Galeries Lafayette and BHV Marais support Assistance Publique – Hôpitaux de Paris

To facilitate the opening of new beds designed to accommodate the large number of Covid-19 patients, Galeries Lafayette and BHV Marais therefore decided to donate a large part of their seasonal homeware products to AP-HP’s 15* Paris hospitals. Thanks to … Continue reading

Liverpool ONE launches virtual enlivenment programme

Responding to research showing that having a focus and interest enhances overall mood and gives an improved sense of well-being, Liverpool ONE has created a series of virtual experiences that can be enjoyed via social media. The popular Dinosaurs Unleashed event,originally built … Continue reading

redos buys six retail properties from EDEKA

The developer of the individual properties, with a combined rental space of some 37,500 sq.m., is EDEKA Rhein-Ruhr. The portfolio has been acquired at a total price of approx. EUR 110 million. The acquired properties include locations used solely by supermarket … Continue reading

Adidas receives approval for syndicated loan through KfW

The yet to be concluded syndicated loan – a financing instrument providing borrowers access to funding at larger scale as well as flexibility in terms of drawdowns and repayments – comprises a loan commitment of € 2.4 billion from KfW … Continue reading

Sharing for a better future

By Gunduz Bayer We are facing an unprecedented situation in recent history, for both Turkey and the world. It makes us feel as if we were part of a science fiction movie, changing and limiting our daily life in a … Continue reading

Update from the NCSC: This year’s “Annual Conference” will be transformed into a “Digital Nordic Think Tank”

“Constant development is the new normal”, was the headline at the end of 2019 of Nordic Council of Shopping Centers’ (NCSC) member newsletter and that statement has probably never been more true.  Due to the circumstances, NCSC has adapted the … Continue reading

Ceetrus supports the solidarity mechanism for women victims of violence

In this exceptional period of confinement likely to increase tensions within families, Ceetrus France is committed alongside the State Secretariat in charge of equality between women and men and the fight against discrimination, by dedicating 15 reception and support spaces … Continue reading

Employers’ association calls for taxation of cross-border e-commerce

HUP claims that the growth on e-commerce during the current coronavirus pandemic has put domestic retailers in an unequal position in relation to foreign online retailers because a vast majority of them use a Croatian internet domain and create a … Continue reading

“Collaboration between lessors and lessees is essential”

ACROSS: The negative impacts of the corona pandemic will have long-term effects for the European retail and placemaking industry, even after the store reopen. Many people say that closer collaboration between lessors and lessees is essential, especially in times of … Continue reading

ECE intends to reopen two thirds of all its German centers as of April 20

Particularly Bavarian Premier Markus Söder caused irritation when he said that the loosening of restrictions shall not apply to stores in shopping centers. The federal government’s subsequently published set of rules also does not reference malls explicitly. Now, almost all … Continue reading

Ylva Sarby Westman new CFO of Kungsleden

“I am delighted that Ylva is to become Kungsleden’s new CFO. With 25 years in the industry, 11 of which in various senior positions at Kungsleden, she is one of the most experienced and well-qualified people in the real estate … Continue reading

Benko sells 17 Karstadt stores for 700 million euros

It is unusual for the Tyrolean real estate investor René Benko to announce a sale instead of an acquisition. A fund managed by Apollo Global will acquire 17 Galeria Karstadt Kaufhof stores for 700 million euros from René Benko’s Signa … Continue reading

T.E.C. Erfurt – Modernisation due to be completed by mid-2020

A comprehensive revitalisation programme aims to bring the T.E.C. even more into line with changing customer requirements and make significant improvements to customer experience in the centre. Since the middle of 2019, the owners, METRO PROPERTIES and Glinicke GmbH, have … Continue reading

Waitrose details initiatives to support its most vulnerable suppliers and sourcing communities

As well as supporting British producers and farmers, the supermarket is helping the most vulnerable communities in developing countries that supply food and other products through the Waitrose Foundation. Among its initiatives, Waitrose will be providing: Financial aid to its … Continue reading

What to Do When a Space Has to Be Temporarily Decommissioned? And What to Be Aware of When Restarting Operations

Drees & Sommer, a planning and consulting company based in the German city of Stuttgart that specializes in construction and real estate, advises public-sector and private companies on temporary shutdowns and also on recommissioning – with checklists covering cleaning and hygiene, operation … Continue reading