2020

Oversubscribed Fund Hits Hard-Cap, Exceeding €200 Million Target.

Bestseller is committed to accept delivery of orders already made and those in production through individual dialogue with all suppliers.

Trei Real Estate GmbH (Trei), a property developer and property asset holder for residential and retail real estate, relocated from Mülheim an der Ruhr to Düsseldorf today. The real estate company had secured its new premises of around 2,400 square metres in the recently completed “Airport Office Six” property in September 2019.

AG Real Estate, which owns and manages, among other properties, 7 shopping centres representing ca. 300,000 sq m of retail floorspace, is very sensitive to the difficulties faced by retailers. Aware of its role as a retail property manager, it is adopting a policy to support its Retail clients.

Thomas Wels will be responsible for the development of PATRIZIA’s growing and diversified platform business and support the expansion into new business areas and international markets.

Covid-19 will sustainably change the European retail, retail real estate, and placemaking industry. The crisis’ dramatic impact will be felt for months, if not years. But what are the solutions we have available in this phase or reorientation? Which measures must be taken to find the way back to long-term success? It seems quite clear that, ultimately, the only chance for all stakeholders is reinforced, open, and transparent collaboration.

The Supervisory Board of IMMOFINANZ resolved upon the appointment of Ronny Pecik as member of the Executive Board of the company for three years starting with 4 May 2020. Ronny Pecik will be Chief Executive Officer (CEO).

As such, the Board of Directors will be waiving 20% of their base salaries or fees for an initial period of three months effective 1 May 2020 and the money will be used to supplement the £500,000 support fund for Landsec’s charity partners announced on 2 April 2020.

Global real estate services firm Cushman & Wakefield has appointed Krzysztof Misiak as Head of Poland to succeed Charles Taylor who leaves the firm after 30 years.

As an owner and operator of community assets throughout the UK, NewRiver has experienced first-hand the very significant impact that the Coronavirus (COVID-19) pandemic has had on people across the country.

Since exchange from multiple landowners, Cole Waterhouse has since undertaken an extensive community consultation programme for a ground-breaking, mixed-use scheme that will create a new cultural, commercial and residential neighbourhood for the city and the Digbeth community.

Right from the start of the coronavirus outbreak, SPAR Spain partners nationwide have taken the appropriate health and safety measures, securing their logistics supply and implementing the necessary disinfection procedures in their stores and distribution centres.

Galeries Lafayette and BHV Marais have joined the nationwide response to France’s unprecedented health crisis with a substantial donation to Assistance Publique-Hôpitaux de Paris (AP-HP), adding to the support already given to Bichat-Claude Bernard Hospital by Eataly Paris Marais, which Galeries Lafayette group has the exclusive franchise for in France.

Liverpool ONE has launched a programme of family-orientated online initiatives to help the community stay entertained during lockdown.

redos Group has acquired a portfolio consisting of six retail properties from EDEKA Handelsgesellschaft Rhein-Ruhr mbH, which is part of EDEKA Group, one of Europe’s largest food retailers. All of the properties are located in the northwest German state of North Rhine-Westphalia and are earmarked for the Redos Einzelhandel Deutschland II institutional fund, managed in partnership with Union Investment.

The company received the approval of the German government for the participation of KfW, Germany’s state-owned development bank, in a syndicated revolving loan facility amounting to € 3.0 billion at customary market conditions to bridge this unprecedented situation.

This year’s “Annual Conference” will be transformed into a “Digital Nordic Think Tank” with focus on the retail landscape following the Covid-19 pandemic.

Active solidarity as close as possible to vulnerable populations.

The Croatian Employers Association (HUP) has sent a proposal to the Finance Ministry to start taxing, in line with the relevant EU directive, cross-border online commerce and use the tax revenue to help the Croatian commercial sector, where, it says, more than 300,000 jobs are at risk directly or indirectly.