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March 2021

The last 12 months have been a challenging time for all commercial real estate businesses across the globe. We’ve seen the opening and closing of retail, and a massive reduction in travel with a peak of 46% of people in employment working from home in April 2020.* Although this has resulted in businesses restructuring their operations and reducing CAPEX, it hasn’t stopped the real estate companies looking for ways to drive operational efficiencies and enhance the tenant and community experience by accelerating their digital transformation.

Redevco Germany has signed a lease for the former Karstadt building in the OEZ mall (“Olympia-Einkaufszentrum”) in Munich, Germany: SCHMID GmbH, Augsburg, is expected to open its first branch in the Bavarian capital as early as April this year.

MAS‘ Board appointed Irina Grigore as CFO and executive director. Grigore has 13-years of real estate and finance industry experience and was heading the finance function within the Group.

The Polish Council of Shopping Centres (PRCH) informed that recently Krzysztof Poznański was appointed Managing Director.

Landsec is pleased to announce that Manjiry Tamhane, an expert in the field of data and analytics, has today joined the Board as an Independent Non-Executive Director.

Since 08 March, every citizen in Germany is entitled to a weekly rapid test. As one of the first shopping centres in Germany, the Shopping-Plaza in Garbsen opened a centre for Corona testing on 10 March, responding to the high demand for testing capacity.

Trei Real Estate GmbH expanded its business even in 2020, the year of the pandemic. The development portfolio grew by 33 percent to 1.2 billion euros (2019: 900 million euros). The sum total breaks down into 1.0 billion euros in residential real estate and c. 200 million in retail real estate. The proprietary portfolio of Trei maintained its total of c. 1.2 billion euro. It includes 349 assets.

Junta de Freguesia de Parque das Nações, the Business Improvement District (BID) for one of the most famous tourist destinations in Portugal’s Capital, has chosen Coniq to boost the local economy.