2020

Although the closure of the international borders and the limitation of regional movement within Italy are having an impact on the footfall in the centre compared to the same period last year, in this first week of re-opening visitors were not lacking and some categories of goods have seen an even greater interest than usual, for example: children’s fashion, bedlinen, kitchenware and sportswear.

Inter IKEA Systems B.V. announced Konrad Grüss will become its new Managing Director. He succeeds Jon Abrahamson Ring, who will become CEO of Inter IKEA Group as per 1 September.

Following the easing of government restrictions, Capital & Regional will be allowing all retailers who had previously been prevented from trading to reopen from 15th June across its portfolio of seven UK community shopping centres, with the exception of leisure and dining facilities which, unless solely operating a takeaway or delivery service, will remain closed until the restrictions are eased further.

Trei Real Estate GmbH (Trei), a developer and asset holder for residential and retail real estate with activities across Europe, just opened the 17th retail park of its Vendo Park brand in Poland. The retail park is located in the city of Płock in the Masovian voivodeship.

The same also applies to the food & beverage fair “The Happetite”, which was supposed to take place at the same time on July 1 and 2, 2020 in Milan. Both events will return in 2021.

Over 85% of Hammerson portfolio to be open by the middle of this month.

PATRIZIA AG, the global partner for pan-European real estate investment, announces the sale of a portfolio of seven retail properties in Germany to Captiva, a German real estate investment company, for EUR 96 million.

In Feldkirchen near Graz, everything revolves around shoes with the highest wearing comfort for young and old on 1,200 square metres since mid-April. legero united opens the “shoemakers outlet” and unites its four brands legero, superfit, VIOS and Think! under one new roof.

Paris Real Estate Week (14 to 17 September) unveils its initial programme comprising debates, conferences, Awards and an exhibition area that will address key topics in property, city agendas, and innovation.

Over the last two months, IKEA Retail (Ingka Group) has supported over 140,000 homeless people in 17 countries by donating nearly 130,000 products such as complete bedroom and living rooms solutions, food, plastic bags, bins and spray bottles, to help them cope with the unprecedented coronavirus pandemic.

Deniz Mall, the much-anticipated new retail, leisure and entertainment redevelopment concept for the former Baku Entertainment Centre, has soft opened to the public in central Baku, Azerbaijan.

Unibail-Rodamco-Westfield (URW) announced that 65 of its 90 shopping centres have re-opened after the easing of restrictions imposed because of the COVID-19 crisis. This follows announcements by authorities in Los Angeles and France on May 26 and 29, respectively.

Icon Outlet at The O2 has announced it will reopen its doors at The O2 on Monday 15 June. The re-opening of Icon Outlet is part of a phased re-opening approach for the world’s most popular music, entertainment and leisure venue.

Grosvenor Europe is preparing to reopen Liverpool ONE, following the Government’s announcement allowing all non-essential stores to re-open from 15 June. The Liverpool ONE team has been working around the clock to ensure visitors will remain safe and assured at all times upon their return.

Ingka Centres announced that a further three of its Meeting Places have successfully re-opened, with malls in Italy and Spain joining those across Europe and China which had already opened their doors to visitors.

IMMOFINANZ started the first quarter of the 2020 financial year with strong operational performance: Rental income rose by 13.4% to EUR 74.0 million, above all due to the expansion of the portfolio through acquisitions and completions as well as growth of 1.9% in like-for-like rental income. The results of asset management increased by 18.1% to EUR 59.5 million, and the results of operations were 18.0% higher at EUR 43.5 million. However, the revaluation results of EUR -45.0 million from standing investments and goodwill reflect the adverse effects of the Covid-19 pandemic. Net profit for Q1 2020 was therefore negative at EUR -37.6 million.