August 2021

Immofinanz is not only on a growth course throughout Europe with its office and retail solutions but is now expanding its real estate offering to also include affordable and sustainable housing. With Top on STOP, single-storey STOP SHOP retail parks will be overbuilt to create low-price, resource-friendly housing and to create up to 12,000 new apartments over the medium-term.

The Board of Directors and the CEO of Citycon Oyj, F. Scott Ball, have agreed that Mr Ball will continue as the CEO of the company until 14.1.2025. Mr Ball´s appointment as the CEO commenced on 1 January 2019 and Ball’s current service contract was due as of 14 November 2021.

Anticipatory planning of natural lighting not only reduces energy consumption, but it also increases the quality of stay for people at shopping centers.

With 10 days to go, the MIPIM September Edition programme is complete and will feature a line-up of high-end property industry professionals. MIPIM September Edition will mark the return of face-to-face meetings and feature as the major international real estate and city event of the autumn season.

After receiving the building permit for STOP SHOP Zielona Góra, IMMOFINANZ, the owner of the STOP SHOP retail park brand, chose Mirbud as the general contractor for this project. The construction site was officially taken over by the contractor and construction works have started. The opening of the retail park with a total of 12 stores on nearly 6,700 sqm of space available for lease is planned for spring 2022.

The makeover of the Westland Shopping Centre on the west side of Brussels is picking up pace. While the interior of the mall is nearing completion, visitors can already see that future interaction areas will be installed in the shopping centre: spaces dedicated to break time (Sunset Plaza), terraces (Aviary 2.0) and the creation of a central square (Westland Event) to host programmed events.

Merkal Calzados lands at La Torre Outlet Zaragoza to enrich the offer of the centre, which already has other globally recognized shoe brands such as Adidas, Reebok, Puma, Rockport or Skechers. The Spanish firm comes to the outlet complex to surprise in its 500 square meter store and starts with an opening promotion of 20% discount for purchases over 40 euros.

“Outlets benefit due to their out-of-town locations. As a consumer, you are able to park outside and quickly walk to your store of choice in a relaxed, open environment.”

The Allee-Center Remscheid will be extensively modernized and repositioned for the future, as the center operator ECE Marketplaces has now announced. For this purpose, the asset manager DWS intends to invest more than 25 million euros in the redesign and upgrading of the shopping center in the town center of Remscheid on behalf of one of its real estate funds over the next two years. Center operator ECE Marketplaces is responsible for the planning and implementation of the modernization.

“As travel restrictions are eased over the coming months we will see the full return of tourist travel, which is good news for luxury retail destinations across the UK and Europe.”

The WAN (World Architecture News) Awards, now in their 13th year, bring together senior and influential industry professionals to recognise and celebrate excellence in architecture across the globe. Due to the ongoing COVID-19 situation, this year’s awards ceremony will take place online on 17-18 November.

M.Sc. (Tech.) Antti Pelli will start 1. September as a Senior Director in JLL Finland’s Capital Markets team. Antti has over ten years of experience in the real estate industry and has previously worked, e.g., on Genesta and Sponda managing significant office portfolios.

And, according to Herman Jan Faber, Global Head of External Clients and Business Development at Redevco, metropolitan areas are in need of transformation. The company, which was founded two decades ago, is diversifying its portfolio and capture the opportunities that arise as cities evolve.

Gallerian, Sweden’s first mall located in the city center of Stockholm, has attracted visitors for shopping, experiences and meetings since its inauguration in 1976. IKEA has furnished Swedish homes since the 50s. In the summer of 2022, they will meet when IKEA opens a large city department store on four floors and just over 8,000 square meters in the southern part of Gallerian.

The Outlet City in Metzingen in the German state of Baden-Württemberg has added another attraction: the L’Osteria restaurant at the Enzian Höfe. In its role as the general contractor, umdasch The Store Makers led the project through the turbulent period of the pandemic, thereby allowing the restaurateurs to focus on their favorite task – providing hospitality.