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July 5, 2021

Shopping center investor Deutsche EuroShop AG recently concluded new credit agreements in June 2021 for three loans maturing in 2021. The refinancing for the loans totalling €154 million has interest rates of between 1.18% and 1.64% and a term of ten years.

Newsec Property Asset Management has made an agreement with a new Managing Director of the Danish division of the Nordic property asset manager. The new Managing Director, Kim Andersen, joins the company from a position as Vice President of the insurance company, If Skadeforsikring. As from 1 September 2021, Kim Andersen will lead the 575 employees based in Denmark and join the Nordic management team of Newsec.

Venture X, led by Tom Foster and Andrew Ross in the UK and Ireland, has secured its second location at 1 Ariel Way, Westfield London for 19,077 square foot, with an agreement for a long-term lease commitment. The company, which originally started in Naples, Florida, is part of the United Franchise Group.