2021

With the ambition of being a positive force in society and at the forefront of life at home, IKEA wants to be in constant movement, creatively exploring what, where and how people’s notion of home will be in the next decades. To accelerate this work, IKEA has decided to appoint a Chief Creative Officer for Range and Marketing & Communication.

The new brand differentiates itself in the market, and continues to leverage on an integrated approach to the creation of innovative, sustainable and inspiring urban places in various sectors of real estate, such as Masterplanning, Mixed-use, Healthcare, Hospitality, Offices, Residential, Retail, Student Housing, Senior Living, Education and Transportation.

Futureal Development Holding has successfully auctioned its 10-years amortising green bonds at the Budapest Stock Exchange. Hungary’s leading real estate developer raised HUF 55 bn (ca. EUR 150 m) in the transaction, which was heavily oversubscribed by financial institutions.

Stockmann initiates codetermination negotiations on layoffs for the entire staff in Finland due to the stricter restrictions caused by the corona virus situation and the negative effects these have on the business.

The European Council of Shopping Places (ECSP), the association which provides a dedicated voice for the European retail property sector, has released its position paper responding to the financial impact of Covid-19 on the retail property sector. The uncertainty of repeated lockdowns, the inconsistent approach of different governments, and the overly onerous focus on retail property owners to support an industry in crisis is not sustainable.

Trinity, the Landsec retail and leisure destination in the heart of Leeds, has announced the signing of a new flagship store for sports and lifestyle giant Decathlon UK.

Dennis Weilmann (Head of Culture of the City of Wolfsburg), Dirk Wöhler (initiator of the campaign #kulturgesichter053) and Michael Ernst (Center Manager designer outlets Wolfsburg) presented a 15-meter long shop window that highlights the faces of the regional culture scene.

The new owner of the shopping center, which is part of the Christie portfolio, is the investor Kurt Krieger.

The new store located at Yonge and Gerrard Street will bring the IKEA experience closer to urban residents.

Grosvenor Group has sold a 10% share of Sonae Sierra, the multinational retail real estate company.

Mitiska REIM announced it has extended its relationship with Erste Group Bank AG by securing a €123 million senior debt facility for its entire retail park portfolio in Romania.

Rue de Béthune, in the city centre of Lille, France, is vibrating and coming to life as the town is finally set to reveal ‘Le 31’, the new venue long awaited by the people of Lille. ‘Le 31’ is ready to welcome its first visitors and introduce them to its range of shopping experiences and activities brought by strong, innovative concepts.

Amazon Fresh has opened one of its first UK stores in London’s newest creative neighbourhood, Wembley Park. The 2,500 sq ft Amazon Fresh Wembley Park store is powered by Just Walk Out technology and offers a wide range of fresh produce and other products to appeal to customers.

On Thursday, March 25, Joma lands at La Torre Outlet Zaragoza at 4 p.m. to surprise sports lovers in its nearly 400-square-meter store. The leading sports brand in Spain and one of the main internationally starts with amazing opening promotions: an additional 20% on the outlet price of textile products and, also, with a raffle in which the first purchase may be free to participants.

SES kicks off the spring season with a strong and expansive start. Attractive retail locations are not only appealing to customers – they also draw in expanding retailers in search of the best locations. Once again, SES aims to demonstrate the validity of such a concept via its 2021 store offensive.

The Crown Estate is preparing to welcome shoppers and visitors to its new and improved Fosse Park in Leicester, as its retail and leisure extension completes.

The fashion label leases 400 sq m on the ground floor of the shopping center in Constance in the German state of Baden-Württemberg.

The retailer’s first store located within a Carmila shopping center in France spans two floors and covers a gross leasable area of more than 6,000 sq m.

Redevco has attracted Fleur Abas to strengthen the Redevco team as Transaction Manager for the Dutch market as of 1 February 2021.

The last 12 months have been a challenging time for all commercial real estate businesses across the globe. We’ve seen the opening and closing of retail, and a massive reduction in travel with a peak of 46% of people in employment working from home in April 2020.* Although this has resulted in businesses restructuring their operations and reducing CAPEX, it hasn’t stopped the real estate companies looking for ways to drive operational efficiencies and enhance the tenant and community experience by accelerating their digital transformation.

Chariot Top Group BV, a company managed by Griffin Real Estate, has sold 4 retail parks, completing the third and the last tranche of retail assets acquisition by EPP. It is the biggest transaction of the retail asset on the Polish real estate market in terms of volume since beginning of the pandemic.

The largest retail destination in the Netherlands. A unique, fully covered shopping and experience mall of 117,000m².

Redevco Germany has signed a lease for the former Karstadt building in the OEZ mall (“Olympia-Einkaufszentrum”) in Munich, Germany: SCHMID GmbH, Augsburg, is expected to open its first branch in the Bavarian capital as early as April this year.