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2021

The Global Leisure Group – with brands like SPI Global Play and Sidijk – acquired two-third of former ELI Play. A total of four European organizations, including: Playlife Germany, Playlife Slovakia, HPS Play Company (Austria) and Theme Works (Slovakia), have joined world’s largest supplier of leisure concepts. With this acquisition, the Global Leisure Group further expands its coverage in Central Europe and strengthens its position as worldwide market leader in full leisure and play concepts.

Kaari Shopping Center is, with its ~50,000 sqm, the sixth largest shopping center in Helsinki Metropolitan Area. With a combined area of ~5,000 sqm, the new tenants are retail company Tokmanni and JYSK as well as Gigantti (Elgiganten), the leading Nordic chain offering home electronics and appliances. The center also hosts Prisma Kaari, the largest hypermarket and grocery store in Finland, currently doing a concept renewal to further improve its offering and customer experience.

Pangea Property Partners is proud to have acted as financial adviser, debt adviser, and Joint Manager/Bookrunner in the creation of Aurora Eiendom and the acquisition of five Norwegian shopping centres valued at NOK 4.8bn (EUR 473m) in total.

Retail has changed. Do you really understand how things currently work or how they will work in the future? Are you still waiting for everything to go back to “the way it used to be”?

The American lifestyle brand Kendall + Kylie opens the first franchise store in Europe in Sofia. It covers an area of 132 square meters and is located on the first floor of Sofia Ring Mall. The store is part of the sales network of FF Group Bulgaria in partnership with ICB S.A. (International Celebrity Brands).

For weeks, everyone was waiting in the wings, but on June 1, the time had come: After the Hamburg Senate decided to allow fitness studios to reopen, the starting signal was also given at Quarree. The young company Xtrafit from Cologne opened its first studio in the Hanseatic city.

The real estate business is not a sport but there are many similarities. Fair play, progress through training, new methodologies, competition, success (and failure), injuries and recovery, awards, fame etc.

French sporting goods retailer Decathlon opened its first pop-up kiosk in Moscow which is located in the Mesto Vstrechi Angara (Meeting Place Angara) neighborhood center. The new format is a small shop with a click & collect service that will be open for the next five months.

The departing Mayor of Helsinki, Jan Vapaavuori, will join NREP to further strengthen the company’s urban development efforts. Jan Vapaavuori will join the company in a part-time role as Senior Advisor for Urban Development after his term as Mayor ends in August. He will work across all NREP’s geographies to facilitate new solutions to the most pressing urban challenges, including infrastructure challenges and climate crisis.