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How can Covid-19 influence the transformation of tenant structures in shopping centers? Can up-to-date data be the key in the decision-making process for the retail professionals?
In Poland, 2020, a turbulent year, has brought about many changes in the retail market. The unexpected occurrence of the pandemic has complicated the situation for both contractors and tenants. However, Covid-19 has not so much initiated new trends as it has dynamized the existing ones. It is not only about the growing importance of the omnichannel approach, especially with regard to e-commerce; the increasing share of retail parks and convenience centers in retail sales also ranks as one of the key trends. As research has shown, smaller-scale commercial formats have been most successful in dealing with the challenges brought about by the pandemic.
Grosvenor Europe has sold Burlöv Center and surrounding land in Malmö, Sweden, on behalf of the Grosvenor European Retail Partnership (GERP) Fund.
In early December, METRO PROPERTIES received inquiries from various counties regarding the possible establishment of vaccination centers.
Wereldhave sells shopping center Emiclaer in Amersfoort and Les Passages in Bordeaux.
Real estate investor Altera Vastgoed NV (hereinafter: Altera) has sold the retail property at Lijnbaan 81 in Rotterdam. The property is over 400 sq. m and is let to fashion retailer Mango.
ECE recently opened the Cano shopping center that it has developed and realized in the city of Singen in Southern Germany after roughly two and a half years’ construction.
European urban real estate investment manager Redevco finished the large-scale renovation of Parque Corredor in Madrid. The construction works, which started a year ago, have been completed ahead of schedule despite the extensive measures issued by the Spanish government in response to COVID-19. More than 300 workers continued building works in shifts during the so-called lockdown period, after assuring the implementation of a very strict Health & Safety protocol.
Mid-November 2020, the sneaker and streetwear retailer Snipes expanded its existing flagship store at Die Mitte at Berlin Alexanderplatz to a total of almost 300 sq m. In the increased rental space Snipes and its strategic partner Nike have implemented an exclusive concept that is unique in Germany.
Starting from 2021, Linstow Center Management (LCM) will diversify its business strategy in Latvia and Estonia by developing multi-segment real estate projects, including hotels, shopping malls, office buildings, parking lots, recreational facilities and more.
A new, important addition enriches the already vast offer of the ESP Shopping Center in Ravenna.
ECE is continuing to push the expansion of its shopping centers into omnichannel platforms and is underpinning these efforts with a new strategic partnership with Google.
CEETRUS, a part of AUCHAN holding, announces the opening of new stores in Troyka shopping center in Moscow.
On May 6, 2021 the largest and most important conference for shopping centers, commercial real estate and commerce in Switzerland is again taking place in the popular Radisson Blu Hotel at the Zurich Airport in this, its fourteenth year.
IPH Centermanagement, a joint venture of IPH Handelsimmobilien and IC Immobilien Gruppe and Germany’s biggest independent center manager, has appointed Marcus Eggers new Managing Director.
Shopping centers and shoppers have a heightened sense of awareness when it comes to safety this year. That’s why indoor-outdoor celebrations are sure to be all the rage this festive season.
The SES-operated shopping center WEBERZEILE located in Ried, Upper Austria, now generates its own environmentally friendly solar power, which is also the case at SES shopping center MURPARK in Graz. Last week, SES Spar European Shopping Centers commenced operation of a 520-kWp photovoltaic rooftop installation, which produces approximately 500,000 kilowatt hours of clean electricity per year for its own use and reduces CO2 emissions by 128 tons. The photovoltaic system installed atop WEBERZEILE is the largest to be mounted by SES to date and is the benchmark for the installation of solar power systems on the roofs of other SES shopping centers throughout Austria.
RDI, the income focused UK Real Estate Investment Trust, is pleased to announce the disposal of the Schloss-Strassen Center, Berlin for €65.5 million to Benson Elliot, a UK-based private equity real estate fund manager.
SES Spar European Shopping Centers, the market leader for shopping centres in Austria, opened the trend-setting ALEJA-Center in Ljubljana as a multi-functional shopping and leisure hot spot at the end of May 2020.
As per December 2020, Jessica Janssen from Lucerne will assume the function of Head of Center Management of the Mall of Switzerland in Ebikon.