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Hamburg-based large-scale retail property specialist redos Group has acquired the Äppelallee-Center in Wiesbaden near Frankfurt. The purchase was made on behalf of the special AIF "Redos Einzelhandel Deutschland III".
BEO Shopping Center has won two prestigious International Property Awards in the “Best Retail Architecture” and “Best Retail Interior” categories. Center is located on the corner of Vojislava Ilica and Mis Irbijeve streets, covers an area of over 130,000 sqm and its offer comprises of more than 110 global and regional brands.
Unibail-Rodamco-Westfield (URW) Germany has been introducing a new service and health offering in the form of test centers in the shopping centers operated by the company in Germany since mid-March.
“Our target for our respective clients is to deliver 10% of all sales at the shopping center through the digital marketplace within three years.”
“Placemaking is a process. It is a means to an end: The creation of quality places.”
Potsdamer Platz announced that “Mission: Play!”™, Mattel’s first European entertainment experience will open in Spring 2022, as part of Brookfield Properties’ relaunch of the estate. The 4,000 square meters center will bring Mattel’s iconic brands to life through themed zones for Barbie®, Hot Wheels® and Mega Bloks®.
The Mumuso fashion brand, present in over 3500 stores in 30 countries, opens the forth mono-brand store in Romania in the ParkLake shopping center in Bucharest, owned by Sonna Sierra, a transaction intermediated by the real estate consulting company Cushman & Wakefield Echinox.
“High streets and shopping centers will need to focus less on filling space with stock, and more on reutilizing that space for wider social and cultural needs, as well as for showrooming, fulfilment, back-of-house functions, and last-mile delivery.”
Previous year successes of Acteeum – i.e. the opening of Galeria Chełm and starting construction of Galeria Andrychów in the Power Center format, show that despite challenges related to the coronavirus epidemic, the market welcomes new, well-thought-through projects in good locations. Acteeum is consistently expanding its portfolio throughout Poland preparing the new project – Ostróda Power Center.
In January 2021 Linstow Center Management changed its name to Linstow Baltic, thus marking the implementation of a new diversified business strategy in Baltic States. The company’s priority will be to develop sustainable multi-segment real estate projects, including office buildings, shopping malls, hotels, parking lots and more.
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.