August 2020

Principal Real Estate Europe, Principal Global Investors’ European platform for real estate investments, acting as asset and transaction manager of the SCPI NOVAPIERRE
Allemagne 2 Fund managed by PAREF Gestion, has advised on the acquisition of two retail properties.

World-leading beauty brand M·A·C Cosmetics has officially launched its 2,654 sq ft retail space at Liverpool ONE, serving as the brand’s new flagship location in the city.

BNP Paribas Real Estate Investment Management (REIM) Germany acquired a retail property in Kiel for French real estate mutual fund BNP Paribas Diversipierre.

Outlet retailing proves resilient as Affinity signs Next 23,500sq ft new leasing during lockdown.

After a fruitful collaboration that began in 2018 on the Brussels II warehouses in Anderlecht, AG Real Estate and Brussels start-up Skysun have decided to extend their partnership to the Office & Retail activities of the real estate subsidiary of AG Insurance.

The project partners Art-Invest Real Estate, Dukelease, and ECE jointly celebrated the completion of the structural work and the successful course of the “101 on Cleveland” apartment building project in London’s West End.

Supermarket Income REIT announces the acquisition of a Morrisons supermarket in Telford from Santander Trustees Limited for £14.3 million (excluding acquisition costs), reflecting a net initial yield of 5.0%.

The International Council of Shopping Centers (ICSC) announced the winners of its 2020 Visual Victories Awards. INGKA Centres received four prizes, including two Gold winners for their MEGA Meeting Places.

The John Lewis Partnership Trust for Pensions has appointed Sarah Bates as Chair of the Trustee from 1 August 2020 and replaces Dame Jane Newell, who has stepped down after being Chair since 2013.

The St David’s Partnership has announced the official opening of the new look 9,559 sq ft Hollister Co. store at St David’s, in Cardiff, one of the UK’s premier retail and leisure destinations.

APG has reached an agreement with the UK listed real estate company Hammerson to acquire substantially all of Hammerson’s remaining interest in VIA Outlets (includes Batavia Stad).

ORES Portugal’s first acquisitions represent an investment of € 37 million.

Hammerson announces proposed rights issue combined with sale of VIA Outlets delivering £825m gross proceeds to recapitalise and further reposition the business.

Atrium European Real Estate sold 5 retail assets („Tyrion portfolio”) to Metropol Group. The seller was represented by Avison Young and JLL investment teams throughout the transaction.

Icon Outlet at The O2 has announced international designer brand, Tommy Hilfiger childrenswear, will be the first new retailer to join its premium outlet offering since it reopened for trading on 15 June.

Known worldwide for its iconic designs and sustainability leadership, last winter Timberland unveiled its new “purpose-led place” store environment in select cities around the world, including New York, London, Philadelphia and Shanghai. The retail industry has taken notice.

Grosvenor Europe has announced the opening of premium British sportswear pioneer, Castore, at Liverpool ONE, marking the brand’s bricks and mortar debut outside of London.

Christian Rhino (50), who was appointed as a member of the Board of Managing Directors by Helaba’s Board of Owners and Supervisory Board in March, will be assuming his position as Executive Vice President on 1 August 2020.

The O2, the world’s most popular music, leisure and retail venue has announced the signing of global sports and entertainment company, TOCA Social, for a 30,000 sq ft site which will host the world’s first interactive football and entertainment venue.

MEC is repositioning itself to manage its current and future growth even more efficiently.

Lotus Property, owners of Northern Ireland’s premier designer outlet, The Boulevard, has signed one of the UK’s most iconic brands to join the scheme in the run up to Christmas.

A company from Chariot platform, managed by Griffin Real Estate, a private equity investor operating in the real estate sector, signed an agreement with Auchan Poland to extend the lease of its six retail properties totaling 83,000 sq m. The lease agreement was signed for the period of over 12 years. The transaction is certainly one of the largest retail leases that has been closed in Poland.

More than 50% growth in online sales has been key to the recovery.

Maja Procz (45) has been the new Global Head of Transactions at Commerz Real since 1 August 2020.