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2020

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.

Hines, the international real estate firm, has summed up the performance results of the Outlet Village Belaya Dacha for the three quarters of 2020. According to the numbers, Moscow’s outlet village welcomed +5% more visitors compared to the same period in 2019.

Hammerson plc has announced that it has completed the sale of substantially all of its 50% interest in VIA Outlets to the APG Strategic Real Estate Pool, a mutual fund managed by APG Asset Management N.V., for €307 million (£277m).

Żory is a city with over 60,000 inhabitants that has just acquired a modern shopping mall. On October 22dn this year, at 13, the first, modern shopping and entertainment center Galeria Wiślanka was officially opened.

Redevco is happy to report successful leasing in properties in Berlin, Münster and Rostock. Restaurant chain Vapiano remains a tenant of ALEA 101, the mixed-use property at Berlin’s Alexanderplatz, with offices, apartments, and retail units. A new 10-year lease was concluded for the existing area of around 1,100 m².