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November 2020

On Thursday, 5 November 2020, the Polish Council of Shopping Centres (PRCH) announced the winners of the 11th edition of the competition. Among the awarded projects, there were those of companies such as: EPP, eobuwie.pl, Cromwell Property Group or Play. This year, a special prize was also awarded to the representatives of APSYS Poland.

In addition to becoming the best destination for outdoor fashion and lifestyle shopping with discounts of between 30 and 70% throughout the year, La Torre Outlet Zaragoza is, starting on November 9, a mandatory stop for the kitchen and design lovers. The Crazy Home Outlet arrives in the Aragonese capital to surprise all visitors with the products of the bestknown firms in the sector: Bergner, Masterpro, La Maison 1975, Swiss Home, San Ignacio, Berhome, Infinity Chef and Renberg.

From November 1, 2020, Evert Jan van Garderen will succeed Jeremy Lewis as Chief Executive Officer of the Company following his retirement. Director and Board Member Roberto Fraticelli will succeed van Garderen as Chief Financial Officer.

The first second-hand IKEA store is now open in Eskilstuna, Sweden. The store is located in the ReTuna shopping centre, where all products sold are reused or recycled. Old furniture is given a second chance, at the same time as IKEA can test and develop a circular business model.

For the repositioning of the ‘Forum Muelheim’, the upper and lower floor (basement) with a total of 14,500 sq.m of the total rental space of around 52,000 sq.m will be comprehensively refurbished by the end of 2023.

“Covid-19 is the biggest challenge of our time and it affects the retail sector as well as the retail real estate market. With the study Footfall Anchors Post Corona–5 Propositions for the New Future of Retail, we discuss the current situation for retailers, investors, project developers, and municipalities on a broad scale. In collaboration with renowned experts we discuss the new future of retail, the real estate industry, and subsegments of the retail real estate sector. The result is a comprehensive documentation of the status quo regarding the situation of retail asset class.” – Angelus Bernreuther, Head of Investor Relationship Management at Kaufland Germany.