May 2020

Atrium European Real Estate Limited, a leading owner, operator and redeveloper of shopping centres and retail real estate in Central Europe, provides an update on trading for the three months ended 31 March 2020 and an update on trading in light of the Covid-19 pandemic.

On 23 April 2020, Hammerson announced that Orion European Real Estate Fund V (“Orion”) had notified the company that it did not intend to complete on the sale of a portfolio of seven retail parks (the “Transaction”), despite exchanging unconditional contracts on 20 February 2020.

Neinver has appointed Stephan Fickl as the company’s new Group Leasing Director. He assumes responsibility for this area of the group at the international level and reports directly to the Managing Director.

Klépierre announced that, it successfully placed a €600-million bond maturing on May 12, 2029 with a 2.0% coupon.

Quintain, the developer behind the £3bn transformation of Wembley Park to create a cultural neighbourhood for London, has appointed Richard Poyser as Head of Retail Leasing & Asset Management. He will report to Matt Slade, Retail Director at Quintain.

In the next few days, in view of the rising demand for this type of aid, food and hygiene products will be delivered to needy families and children’s homes, together with medicines for nursing homes.

Redevco has joined forces with COFRA Holding to initiate a large-scale on-site renewable energy generation project called Project Solar.

Retailers in Austria are opening their doors again with caution and under strict conditions. umdasch has developed an intelligent solution for all industries and public areas, which enables contactless disinfection as well as automatic access management.

NEINVER is reopening its five outlet centres in Poland today under strict health and safety measures and with over 80% of their shops open. The FACTORY centres in Warsaw, Krakow, Gliwice and Poznan have implemented reopening plans in close coordination with the brands and authorities to ensure the maximum safety of employees and visitors.

A mainstay in the region’s calendar, organisers have made the difficult decision to postpone Gloucester Quay’s award winning Food Festival.

David Hargrave has 20 years of experience as a partner in the restructuring practices of both PwC and EY, specialising in business turnarounds across many sectors. He has also been appointed to the Board as a non-executive director.

The Management Board of LPP decided to withdraw from some of the contracts concerning the lease of space in shopping centres in Poland. The contracts concern approximately 29.5% of the total retail space used by LPP Group. The decision is driven by the concern for the company’s interest in the face of the effects of the COVID-19 pandemic on trade.

Unibail-Rodamco-Westfield partners with Bureau Veritas to label its shopping centres for Hygiene, Safety and Environment.

Haben wir eine Lösung ? … oder werfen wir weiter mit Paragraphen um uns ? – Mieter und Vermieter in der Diskussion.“