Monthly Archives: December 2021

IPH Group appoints Jürgen Kreutz as Managing Director Transactions

“On the one hand, Jürgen Kreutz looks back on decades of experience in transaction consulting with a focus on retail real estate; on the other hand, he shares the entrepreneurial philosophy and appreciates the enormous knowledge of the IPH Group,” … Continue reading

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Niam acquires two mixed-use centers in Stockholm

The properties have a combined lettable area of 52,000 sq m with ~1,000 parking spaces. Both municipalities have a significant expected population growth that will benefit the centers and its tenants. Daniel Andersson, Head of Acquisitions Sweden, says, “These acquisitions … Continue reading

Redevco acquires 1960s Templars Square shopping center for €42.5 million

Tom Hoye, Transaction Director at Redevco United Kingdom, said: “We plan to take a much-loved, but dated, retail asset and transform it into a thriving urban destination which will continue to draw in the local community.”  Templars Square, which lies … Continue reading

Immofinanz’s retail park brand Stop Shop grows in Croatia

“Croatia is a promising market, scoring with a strong return of economic growth as well as rising disposable income and consumer confidence. We have been invested in this country for many years and have also been present with our STOP … Continue reading

Making the world a little better@Schön&Gut Vienna

Retail Column by Heidemarie Kriz, Point of Sale Doctor and Retail Architect (KRIZH, POSitive Affairs) What is this concept all about? SCHÖN&GUT is part of Kümmerei, a socio-economic enterprise that offers “training on the job” to people looking for work … Continue reading

Top-selling fashion: who is behind the international textile chains

Vero Moda Few people are familiar with the Danish Povlsen retail family, but they know their textile retail chains. Especially Jack&Jones, Only, Bestseller, and Vero Moda. In 1975, the Povlsen couple opened their first boutique under the name Pigalle, and … Continue reading

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Klépierre sells two retail assets for €345 million

Boulevard Berlin (Klépierre equity interest: 95%), a shopping mall with c. 100 retail units anchored by Karstadt, H&M, Zara, Media Saturn and both supermarkets Edeka & Karstadt Perfetto, located in Schloßstraße in Berlin (Germany). The retail asset management advisor iMallinvest has provided their … Continue reading

Landsec signs five new brands at Trinity Shopping Center

Nespresso is set to relocate to Trinity from its existing Leeds store in the New Year. Bringing new guest experiences, the brand will operate its interactive boutique concept from the 121 sq m unit which has tastings, demonstrations, and masterclasses. … Continue reading

Hammerson sells Silverburn shopping center to Henderson Park

Henderson Park purchased the shopping center from 50/50 joint venture partners Hammerson and Canada Pension Plan Investment Board for €164.8 million. Silverburn Shopping Center opened in 2007 and has added a leisure extension in 2015; it offers 125 shops and … Continue reading

Where do our online sales go?

16% of sales are made online by Austrian consumers For the study, RegioData Research examined over 1000 online stores that are specifically relevant to domestic consumers. The results underpin that Austrians are developing an ever-growing preference for convenient shopping and … Continue reading

Altera buys convenience center in Helmond (NL)

Brouwhorst has a total surface area of approximately 7,134 sq m GFA with 28 lettable units and free parking facilities. The acquisition follows the purchase of two individual supermarkets in Nijmegen and Lisse earlier this year. Altera’s CEO, Jaap van … Continue reading

Trei opens 29th Vendo Park in Poland

The grand opening in Radzymin brings the Vendo Park portfolio up to a total of 39 retail parks, thereof 29 located in Poland and the others in the Czech Republic and Slovakia. The combined leasing area of more than 2,000 … Continue reading

MK Illumination celebrates delightful success

While sales in the Middle East and the USA slumped from €36 million to €16.5 million in the previous year, 2021 cracked the €40 million mark with projects such as Saks 5th Avenue or the Cartier flagship store in Manhattan. … Continue reading

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Multi Italy is the New Property Manager Of Granroma Shopping Center

GranRoma, which has a total GLA of ca. 30,700 sq m over two floors and 1,600 parking spaces, opened in May 2019 and hosts more than 100 stores, including Zara, Maisons du Monde, H&M, Cisalfa and Mediaworld. Next to the … Continue reading

Sonae Sierra expands its service portfolio in Morocco with Aeria Mall

With the addition of Aeria Mall in Casablanca (in the Casa Anfa district), comprising 25,000 sq m GLA, Sonae Sierra now manages three shopping centers in the country: including Arribat Center in Rabat (44,800 sq m GLA), Carre Eden in … Continue reading

Futureal buys Galeria Bemowo shopping center in Warsaw

Galeria Bemowo is a 30,345 sq m center that opened in 1999 on Powstańcow Śląskich on the fringe of the Bemowo and Bielany districts. It has 120 shops and 944 parking spaces, anchored by a Carrefour hypermarket, Rossmann and RTV Euro … Continue reading

Axis Retail Partners and Generali buy St Georges Shopping Center

The shopping center, in the Greater London town of Harrow, was refurbished in 2015 and sits at the end of the bustling high street, with a 3-minute walk from Harrow on the Hill station and a 20-minute journey to Central … Continue reading

TwentyTwo buys Chasse Sud retail park in France

The property was sold at a price of €80 million net to the vendor, equal to its latest book value. Chasse Sud is located on the banks of the Rhône, between Lyon and Vienne, alongside the Autoroute du Soleil (A7) … Continue reading

GRR Group initiates extensive ESG focus

“We initiated the ESG turnaround and developed a new fund to drive our sustainability strategy. We have aligned all business objectives and practices with environmental, social and corporate governance criteria–ESG for short,” explains Martin Führlein, GRR Group board member. “We are … Continue reading

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MVRDV completes Bulgari flagship store in Shanghai with recycled façade

Bulgari Shanghai is the third flagship store façade in MVRDV’s ongoing partnership with the Italian jewelry brand. Like the previous designs, the Shanghai project makes use of a visual motif inspired by the portals and cornices of Bulgari’s first original … Continue reading