July 2020

Neinver has successfully completed BREEAM In-Use recertification of all its centres in Spain, Italy, Poland and France.

Supermarket Income REIT, the UK supermarket real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, announces the acquisition of the Tesco Extra in Newmarket, Suffolk, from Standard Life Pooled Pension Property Fund for £61.0 million (excluding acquisition costs), reflecting a net initial yield of 4.6%.

Leading management and technology specialist for parking and visitor insight, GroupNexus, has identified that during the first week in July, motorway service station visits have now surpassed pre lockdown figures from the same period four months ago, showing an increase of 4.46%, whilst dwell time has decreased by 14% to 30mins, compared to pre-pandemic. [1]

The transformation of Madrid’s 123,000 sq m. Parque Corredor shopping center advances rapidly and first units have been handed over to Inditex Group. Zara, Pull & Bear, Bershka and Stradivarius stores to open after this summer.

Since opening their doors on June 15, The Boulevard, Banbridge and The Junction, Antrim, two of Northern Ireland’s largest out-of-town retail schemes, have enjoyed a significant rise in footfall comparable to the same period in 2019 and unlike many high streets, this hasn’t dipped dramatically as the novelty of being out wears off.

Hines, the international real estate firm, has secured a large debt financing package on behalf of The Trinity Quarter, its landmark hotel and retail redevelopment in the heart of Copenhagen, Denmark.

Hammerson has worked with retail technology partner Red Ant to launch a new feature on its destinations’ websites to help customers plan their visits.

The final stretch for Cano has been reached: The construction work for the new shopping center in Singen, in the south of Germany, is running precisely as scheduled and the opening date has now finally been set.

M&S has today announced proposals to move to a leaner, faster retail management structure as part of its Never The Same Again programme.

Olena has been working for the company since 2015, her responsibilities include the formation and development of the company’s business reputation, support of corporate B2B and CSR projects, cooperation with media outlets and establishing Media Relations, positioning of malls and implementation of B2C programs.

Starting on October 1, 2020, Ivica Pavusek will be the new Head of Property, Maintenance, Purchasing & Sustainability (PMPS) at Unibail-Rodamco-Westfield (URW) Germany. In his new position, he will be responsible for all commercial and technical disciplines of the wide-ranging facility management sector at 23 German locations that are operated by URW.

JLL summarizes conditions on Poland’s retail market at the end of H1 2020.

The owners, Claus and Gunnar Heinemann, appoint Dr. Dirk Schneider as Chief Commercial Officer (CCO) on the Executive Board of Gebr. Heinemann as of 1 September 2020. He succeeds Kay Spanger, who is retiring after more than 40 years with the Hamburg-based Duty Free company.

LabTech, owner of Camden Market, has announced Camden Market is set to host the UK’s first public live series of music events since the lockdown, with eight ticketed, free open-air weekend performances commencing from Saturday 25 July – 16 August, under the banner ‘Camden Unlocked’.

With currently 90 fully leased STOP SHOPs on a total area of approximately 700,000 sq m in nine countries, the retail parks of IMMOFINANZ remain consistently on a growth course.

Multi Iberia can now certify the security and safety of the shopping centres it manages in Portugal and Spain, thanks to its partnership with Bureau Veritas.

SPAR Spain has continued growing the brand during the second quarter of 2020 with a string of store openings in different formats.

designer outlets Wolfsburg invite their guests to experience their open-air beach area and herald the beginning of the holiday season with two sand sculptures that were built by sand artists.

CBRE Switzerland has won the exclusive letting mandate for one of Switzerland’s best-known retail properties in a bidding contest. The owner of the iconic building with the prestigious address Bahnhofstrasse 75/79 is Swiss Life.

First half of 2020 saw a record high investment activity with EUR 3.5 billion of investment transactions closed, including pending transactions at final stage. Although this has been a 30% better result than during the corresponding period last year, achieving this year a similar result to record-breaking volume of EUR 7.8 billion registered last year may be difficult – according to Avison Young.

Shelley Sandzer, the leading specialist leisure property agency, and Gerald Edelman, one of the leading mid-market business advisory and professional services firms in the UK, have announced the creation of a new business, Shelley Sandzer Corporate Finance (SSCF).

Neucölln Carrée in Berlin changes ownership. Union Investment acquired the centrally located local supply center in Berlin’s Neukölln district (on the corner of Sonnenalle and Grenzallee) with a leasable of 13,364 sq m and 14 shop units for its institutional real estate fund.

IKEA takes the sustainability journey to the next level by challenging an icon – the meatball – and has created a more sustainable option for the many meatball lovers.