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European Council of Shopping Places (ECSP) and SAFE Asset Group are joining forces as of September 2021 to partner a future focus on managing risk within the retail property sector. Their relationship will result in the sharing of information and best practice on risk management and operational resilience to ECSP members based on SAFE’s world-class experience and expertise.
This online special will be available as a free download until September 26.
Bristol-based online grocery store, British Corner Shop, has announced it has opened a new warehouse in the Netherlands after Brexit caused a surge in demand across Europe.
LaSalle has reorganised its European operations in order to deliver a pan-European offering to institutional investors that are seeking a more integrated approach to the acquisition, management and divestment of assets.
With market entry in Italy, Immofinanz now operates more than 100 STOP SHOP retail parks in ten European countries. Ten Italian STOP SHOP locations with a total investment volume of roughly EUR 250 million are planned by 2024.
Probably almost everyone in Europe would like to see a return to normality, to where we have achieved herd immunity, infection numbers are controlled, and coronavirus-related restrictions are lifted. Whenever we reach that normality, it will still be a new kind of normal. The coronavirus pandemic will permanently change the way we work, live, and consume – and retailers will also have to find their way in the new world after the acute shock of 2020 and 2021.
PATRIZIA AG announces the appointment of Amal Del Monaco as its new European Head of Asset Management and chair of its country heads.
SES Spar European Shopping Centers, Austria's market-leading shopping center developer and operator, now holds a seat on the Supervisory Board of the new European Council of Shopping Places (ECSP) and is one of its founding members.
After 25 years with the Bouygues Immobilier group, Laurent Tirot intends to accelerate the growth of the group's business in France.
In total, the company signed close to 1,500 leasing deals in 2020, including tenant rent negotiations, new leases and renewals. The resilience of the outlet industry is reflected by positive consumer demand whenever restrictions eased or lifted during 2020.
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 first Europe-wide lockdown in spring 2020 sent retail markets from Scandinavia to the Iberian peninsula into an unprecedented state of collective shock. This was reflected in the European retail industry barometer, the Global Retail Attractiveness Index (GRAI), which plummeted to a historic low of 89 points in the second quarter.
“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.”
Savills Investment Management (Savills IM), the international real estate investment manager, has launched a European food retail–focused fund, the Savills IM European Food Retail Fund.
Asset Management Directors Diederik Bakker and Harold van Riel and their asset management teams work closely together at Multi Corporation. This major pan-European retail service platform manages and redevelops retail properties across 14 countries in Europe and Turkey. How do they maintain sustainable asset value in a health crisis such as the current Covid-19 pandemic?
“Health and safety will always be our first priority, but a tiered approach to the new Covid measures could help avoid blanket national closures.”
Represents sector that designs, creates, funds, develops, builds and manages places anchored by retail across Europe.
Fifth Wall, the largest venture capital firm focused on real estate technology, has partnered with BNP Paribas Real Estate to launch its business in Europe with the Fifth Wall Real Estate Technology European Fund, its first European Proptech fund.
Atrium European Real Estate sold 5 retail assets („Tyrion portfolio”) to Metropol Group. The seller was represented by Avison Young and JLL investment teams throughout the transaction.
More than 50% growth in online sales has been key to the recovery.