Monthly Archives: May 2020

People in move

NREP strengthens leadership by signing new partner as COO

Strong values, clear prioritization and agile structures are top priorities, says Bender. Henrik Skak Bender says a strong growth trajectory, high ambitions and solid values have been the key drivers behind his decision to move from being Group CFO in a … Continue reading

Meyer Bergman on track to create €2bn pan-European last-mile logistics platform

Marcus Meijer, chief executive of Meyer Bergman, said: “Demand from e-commerce, online grocery shopping and third-party logistics businesses has soared in recent years. This is a structural shift. Conviction investors rightly see a return premium given the lower level of risk in … Continue reading

Covid-19: The situation on Milan’s market is changing daily

By Silvia Gandellini The situation related to the Covid-19 impact is changing quickly, day by day, with an unavoidable impact on retail and real estate markets: consequences depends on how long it will last, but some forecasts may be assumed. … Continue reading

intu appoints James Saunders as new Chief People Officer

Vodafone’s former Head of HR James Saunders has taken up the newly-created role to lead intu’s employee experience, and attract, inspire and retain talent within the business. James has also held senior roles within HR and transformation teams at Nationwide … Continue reading

Creative use of space: IPH Centermanagement opens Germany’s highest drive-in cinema in Ulm

Under the guidance of the center manager IPH, the highest drive-in cinema in Germany was opened on the building’s parking deck. The premiere, which was sold out several days in advance on 30 April at 9 pm, was attended by … Continue reading

Ingka Centres opens nearly half of its global malls as COVID-19 restrictions lift worldwide

Meeting Places across Italy, Portugal, Russia, Slovakia, Spain and the United Kingdom remain temporarily closed. Seven Ingka Centres Meeting Places across Sweden and Finland have remained open, with additional health and safety guidelines, throughout the pandemic. The latest footfall figures … Continue reading

New appointment in Newsec’s Capital Markets Team in Finland

He is now responsible for sales and client relationship development in the Capital Markets team and in collaboration with other Newsec teams. Toni joined Newsec in 2013 and has been Partner since 2016. He has an extensive domestic and international … Continue reading

Steel on hold

Apsys intended to open the shopping destination Steel in Central France’s Saint-Etienne on May 13, 2020. The Covid-19 crisis thwarted this plan. When the launch actually will take place will be announced as soon as possible. Steel will feature contemporary … Continue reading

NEINVER announces the reopening of Roppenheim The Style Outlets in France

NEINVER continues reopening its outlet centres across Europe as countries gradually ease restrictions. On May 15, the company reopened Roppenheim The Style Outlets, located in the French Alsace. NEINVER has implemented a reopening plan, in close coordination with authorities and … Continue reading

The Retail Real Estate Industry is Finding Itself on Very Thin Ice

By Klaus Striebich In numerous articles, posts, webinars, commissioned expert opinions, and other elaborations one is able to read and listen to why owners of commercial real estate can still “insist” on payment of rent despite officially mandated closures during … Continue reading

Completion of Disposal of intu Puerto Venecia

Matthew Roberts, chief executive of intu, commented: “We are pleased to have successfully concluded this transaction which is another important step in our ultimate strategic objective to fix the balance sheet over the medium term.”

Wereldhave successfully reopened its centers in Belgium and France

Monday May 11th marked the end of the lockdown in France and Belgium with the reopening of all Wereldhave shopping centers and a large majority of its stores. After securing the centers and their shops, there was a real desire … Continue reading

Digital Payments to Jump 45% and Hit $6.7trn Value by 2023

With social distancing rules in place, many of them have embraced contactless payments and digital wallets as a safer way to manage their money. According to data gathered by AksjeBloggen, the global digital payments market is expected to continue rising in the … Continue reading

Galeria Karstadt Kaufhof announces store closures

During the time of the complete shutdown, the company allegedly lost more than half a billion in revenue. Galeria Karstadt Kaufhof has not yet disclosed to the news agency dpa how many stores will be closed. The trade union Verdi … Continue reading

Movement at Potsdamer Platz Arkaden in Berlin

The comprehensive construction works at the 46,000-sq m Potsdamer Platz Arkaden in Berlin have begun. After the refurbishment process, which is expected to take two years, the arcade will reopen with an entirely new concept. The tenant mix of the … Continue reading

SIGNA: Construction for the revitalisation of the Alte Akademie in Munich has started

Construction has commenced on the revitalisation of the Alte Akademie in Munich’s city centre. After several years of technical discussions and an agreement on a forward-looking, careful renovation of this traditional property, work on the ensemble’s interior has begun. “With … Continue reading

Institutional investors like Allianz Real Estate and Credit Suisse optimize their operational structures with iMallinvest Europe

The company has successfully established its business line as independent process manager in the regular tendering of property and centre management services for retail assets owned by institutional investors. Having explored the market potential in the last three years iMallinvest … Continue reading

Poland: Retail in the new reality

Return on new conditions Many sectors including retail were hit hard in Poland by the declaration of the state of an epidemic and ensuing restrictions. Shopping centres were reopened on 4 May, but on new conditions. Travel agencies, cinemas, gyms, … Continue reading

One third of the German population intends to spend less money

According to the survey (www.gfk.com/de), which took place from April 24 to 26, 2020, 33 percent of the Germans expect that their households’ financial situation will get worse in the next twelve months. One third indicated that they intend to … Continue reading