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ACROSS

January 2022

New generation at Max.Center Wels and Mariandl Krems

As of March 1, SES is filling the center management of two shopping malls in Austria from its own ranks: Doris Panagl will take over the management of Max.Center Wels, Marie-Theres Skribanowitz will manage Mariandl in Krems. Long-time center manager Egbert Holz, who has been responsible for both centers since they opened, will retire in the spring after 23 years of service.

Authentically Narrated History Appeals to All Senses @ Fondaco dei Tedeschi Venice

In the Italian lagoon city, a stone’s throw from the Rialto Bridge and right on the Grand Canal, DFS – a pioneer in luxury travel retail (founded in Hong Kong in 1960) and now part of the LVMH Group – has set up shop. The curated selection of around 750 brands includes fashion, accessories, beauty, and jewelry, as well as food, wine, and gift items. Most of the products are made by local artists. The assortment of “La Corte al Fondaco”, a kind of high-end marketplace, changes regularly and is a great opportunity to pick up small gifts before leaving the building.

Galimmo Group appoints Eric Ravoire as General Manager

The Galimmo Real Estate Group announces the appointment of Eric Ravoire as Managing Director as of February 28, 2022. He will succeed Maël Aoustin who has decided to leave the Group to take up new professional challenges.

Sonae Sierra issues sustainability bonds in Portugal

The company has refinanced part of its corporate debt, to the tune of around €50 million, through the issuance of bonds linked to its sustainability performance, namely greenhouse gas emissions and the recycling rates of Shopping Centers managed and owned by Sonae Sierra.

MVGM takes over center management of mixed-use asset Lili Wiesbaden

MVGM has been commissioned with the center management for Lili in Wiesbaden. The mixed-use object in the Hessian capital covers an area of around 37,000 sq m. The former Lilien-Carré has been named Lili since 2019 and owned by a fund sponsored by Orion Capital Managers since the end of 2014.

Kaufland receives Top Employer award

The grocery retailer Kaufland is represented not only in Germany, but also in the Czech Republic, Slovakia, Croatia, Poland, Bulgaria, Romania, and the Republic of Moldova.

HIH Invest Acquires Warnow Park retail center in Rostock

HIH Invest Real Estate acquired Warnow Park in Rostock (Germany) on behalf of an individual mandate given by an institutional investor. The district center in the Lutten Klein district was sold by Highstreet VIII, a retail property fund managed by Corestate.

Sonae Sierra secures 30 tenants for their shopping centers in Germany

In total, Sonae Sierra signed 30 new leases in six locations: for Alexa in Berlin, Mercaden in Boblingen, Mercado, Quarrée Wandsbek, and Ottensen commercial building in Hamburg, and Munster Arkaden in Munster. In addition, more than 30 contract extensions and agreements for pop-up stores were achieved.

What the industry expects from 2022!

2022 is the year of vibrant opportunities and great rebirth – and again it will be a year of constant changes. The tiring phrase “the world will no longer be the same” will be our everyday companion. But what does the placemaking industry have in store for 2022? To recap the turbulences of 2021, industry experts all over Europe have shared their experiences and learnings with us. Here is their outlook for the new year.

Retail faces headwinds in 2022

Chief Executive of the British Retail Consortium, Helen Dickinson, comments on recent retail sales index figures and sales growth.

Market Update: Turkish Retail Real Estate Market

The pandemic might be a topic causing fatigue for some, but the fluctuations and changes in the market are exciting to experience and full of positive developments. How have we survived this ever-changing world? What has changed, what can we learn? Let’s look at the fast and exciting flow of 2021 in this overview of the Turkish retail real estate market.

URW Germany awarded as Top Employer 2022

For the fourth year in a row, Top Employers Institute has recognized Unibail-Rodamco-Westfield (URW) as a Top Employer in Germany. The independent institute’s award is based on a certification process that identifies companies worldwide which place their employees at the center of their corporate activities.

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THE LEVEL OF EXCELLENCE WE SHOULD STRIVE FOR TODAY AND TOMORROW
Originally developed solely to meet the daily needs of consumers, shopping centers quickly became an asset class. The model worked very well for a long time, but as consumer behavior has changed, so have the requirements of tenants, operators and investors. The obvious task to satisfy customers, business partners and stakeholders is: Get your customers to return to your locations. Clear differentiation and positioning as well as a clear focus on people are crucial.
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