November 2021

Revetas converts entire portfolio in Romania to renewable energy

Revetas Group has shifted its entire portfolio of assets in Romania to renewable energy as a continuation of the company’s commitment to ESG practices to support the collective efforts of reducing the impact buildings have in local communities.

Ashley Center in Epsom appointed new managing agent LSH Belfast

Lambert Smith Hampton’s Belfast based property management team has been appointed as the managing agent on The Ashley Center in Epsom by CBRE Investment Management.

Willem Jan van de Water starts as ESG Project Manager

Real estate investor Altera Vastgoed welcomes Willem Jan van de Water to the team.

BIG Shopping Center raised 55 million euros at the Israeli stock exchange for further expansion in Serbia and the Balkans

The BIG Group intends to use the proceeds from this bond issue to continue its expansion in Serbia and in the Balkan region.

Erik Engstrand joins Across Advisory Board

The ACROSS Advisory Board is happy to announce its latest addition and welcomes Erik Engstrand as its new member.

Construction work of the Main Yard neighborhood development in Frankfurt started

Work on the project in the middle of the inner-city Allerheiligenviertel district has begun after the building permit was issued. The development of the new urban quarter is officially beginning, which represents a modernization boost for the aging district.

Marie Ernst is a new advisory board member of the Rotonda Business Club Düsseldorf

Marie Ernst, Managing Director of the Düsseldorf-based architecture firm Schwitzke & Partner with a focus on retail and commercial real estate, is the newest advisory board member of the Rotonda Business Club Düsseldorf. With her new position, Ernst adds her in-depth expertise in retail real estate to the advisory board.

€600 million raised by VIA Outlets in its inaugural green bond issuance

VIA Outlets has successfully placed the issuance of €600 million senior unsecured fixed rate green bonds due 2028. The issuance was 6x times oversubscribed attracting 190 orders from institutional investors for €3.6bn. The bonds have a 7-year maturity and an annual coupon of 1.75%.

LCP expands retail portfolio with Russel Street Retail Park acquisition in Darlington

LCP has added a Darlington (UK) retail park to its portfolio, situated on St Cuthberts Way ring road, which is close to the town center, for £1.8 million.

GCSP and MEC host an online panel on retail parks in the cities of tomorrow

MEC recently published their 9th Retail Park Report “About Tomorrow–Retail Parks in the City of Tomorrow”. On this topic, an online event featuring a panel discussion with their co-responsible partners will take place on November 24, 10-11 am.

Supermarket Income REIT buys two more supermarkets for £73m

Supermarket Income REIT has acquired a Sainsbury’s supermarket in Swansea, South Wales, and a Tesco supermarket in Maidstone, Kent, from Argo Real Estate Limited for a total purchase price of £73m.

Neighborhood Retail Center Deli in Duisburg was purchased by HIH Invest

HIH Invest Real Estate acquired the mixed-use retail center Deli in Duisburg, Germany. The property, which has been in business for more than 20 years in the city’s Rheinhausen district, has a total lettable area of about 18,700 sq m along with 568 car parking spots.

Retail Parks–an attractive asset class in times of crisis and beyond

As retail parks become more and more enticing, RegioPlan looks at the market distribution of this asset class across Europe in the following study.

Landsec invests £135m in decarbonization plan for its portfolio

Landsec announced the creation of a new £135m net zero transition investment plan to help the Group achieve its 2030 science-based targets and drive its transition to net zero.

People On the Move

Recruitments, promotions and appointments…

Vít Zdráhal appointed Partner at Cushman & Wakefield

Cushman & Wakefield promotes Vít Zdráhal from the Industrial team to Partner.

Mitiska REIM’s retail park portfolio expands in Romania

Mitiska REIM announced the opening of a new retail park development in Baia Mare and of an extension to an existing retail park located in the Romanian city of Medias.

Evolve Estates acquires Tunbridge Wells retail parade

Commercial property and investment company Evolve Estates has acquired a local retail parade after signing a deal for a site in Tunbridge Wells, Kent.

Trafin’s Respublika Park shopping center celebrated grand opening in Kiev

Viennese company Trafin opened the 300,000 sq m shopping and entertainment center Respublika Park in Kiev, Ukraine, with prominent Austrian guests attending the opening ceremony.

JTRE celebrates 25 years in the real estate market

In a quarter of a century, JTRE has become a renowned urban developer with the focus in urban neighbourhood constructions and the creation of living spaces.

Hajir Hajji is the new CEO of Action and successor of Sander van der Laan

The Board of Directors announces that Sander van der Laan will be stepping down as CEO of Action to be succeeded by Hajir Hajji, currently Commercial Director and member of the executive management team.

CEV revitalizes retail space to modern hybrid shopping center in Saalfeld

CEV Handelsimmobilien GmbH (CEV) is renovating approximately 21,000 sq m of retail space and will reopen the center as Saalemarkt in summer 2022. The investment volume amounts to around €25 million.

Wereldhave Belgium appoints Ingrid Theuninck as new CFO

The Board of Directors of Wereldhave Belgium SA announces the appointment of Ingrid Theuninck as Chief Financial Officer, effective as of November 8.

Sonae Sierra achieves Green Star recognition in GRESB rankings 13 years in a row

Sonae Sierra has been recognized by GRESB Real Estate Assessment as Green Star for 13 consecutive years, achieving the highest rating of five stars for both Sierra Prime and Iberia Coop funds in 2021.

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