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2020

With NordWestZentrum in Frankfurt, Breunigerland Sindelfingen and Breuningerland Ludwigsburg, Unibail-Rodamco-Westfield (URW) secured three important asset management mandates in 2019, thereby strengthening its portfolio in Germany. In addition, the real estate developer and operator completed major modernisation projects in Schönhauser Allee Arcaden in Berlin and Centro in Oberhausen and reached important milestones in Westfield Hamburg-Überseequartier development project. In 2020, URW intends to continue to strategically develop its portfolio and focus on urban district development and the expansion of digital infrastructures.

ECE has founded a subsidiary in China, the ECE Shanghai Co., Ltd., to further expand its existing activities in architectural and planning services for shopping centers in the country.

The emerging “Origo One” business centre and the “Origo” shopping centre, which is currently undergoing a major expansion, have both received a certificate of commendation from the world’s leading building sustainability evaluation method, the British Research Establishment Environmental Assessment Method (BREEAM).

October 17, 2019 marked the opening of YIT’s major project, which is comprised of Mall of Tripla +++ Commercial center Promenada Sibiu, owned by investment fund Nepi Rockcastle, opened its doors on November 14, 2019 +++ On November 28, 2019, Klépierre inaugurated the extension of Créteil Soleil in Créteil in the Ile-de-France region +++ Hamburg’s redos Group and Münster’s project developer HLG recently submitted their first building application for the revitalization of the Rhein-Ruhr Zentrum (RRZ) in Mühlheim an der Ruhr +++ At the end of October 2019, Immobiliare Grande Distribuzione SIIQ S.p.A. (IGD) opened a restyled mall in the Casilino in Rome

The Board of Directors of EPP has announced that it will nominate Tomasz Trzósło for appointment as CEO to succeed Hadley Dean, whose term of office is due to expire. Tomasz Trzósło is expected to assume his role in May 2020.

Clear Channel announced a new partnership with Hammerson. Following a competitive tender, Clear Channel was awarded the contract for a portfolio of 223 full motion digital advertising screens across Hammerson’s 12 flagship destinations in the UK, which include Bullring & Grand Central, Brent Cross, and Cabot Circus.

The retail real estate industry is looking toward 2020 with cautious optimism. Uncertainties remain, however.