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The €21 million loan is a milestone in completing the first shopping center in Chełm, Poland.
Managing Director Markus Pinggera intends to carry out refurbishment work on all centers.
The Hudson Yards neighborhood officially opened to the public on March 15, 2019, marking a historic moment in the city of New York. +++ Following an investment of 52 million euros, Jardín Plaza Cúcuta opened its doors to the public on February 27, 2019 as the city’s largest shopping center. +++ TCC Assets Co., Ltd. and Frasers Property Limited jointly intend to develop 16.7 hectares, in the heart of Bangkok, into a “must-visit” destination city district. +++ Set in the heart of Shanghai’s financial district, L+ Mall will be situated close to Shanghai Tower
The newly developed food and entertainment area “Foodtopia” at MyZeil in Frankfurt opened its doors to customers for the first time on April 11, 2019. The unique concept which has been planned and realized by shopping center expert ECE takes up operations about one year after construction began.
MVRDV’s plan for the Taipei Twin Towers has been selected to revitalize the central station area of Taiwan’s Capital. +++ Thor Equities Group has secured long-term leases at The Landmark Guadalajara in Mexico. +++ The Well is an ambitious mixed-use endeavor in Canada, located in the heart of Toronto’s West End. +++ TCC Assets Co., Ltd. and Frasers Property Limited jointly intend to develop 16.7 hectares, in the heart of Bangkok, into a “must-visit” destination city district.
Birmingham City Council has recently announced Lendlease as its development partner to deliver the transformation of the 17-hectare Birmingham Smithfield site.
Once again, real estate developments will be presented and advertised in Cannes this year. Many of them will feature retail space. Here is an overview of this year’s event.
Since November 15, 2018, Thessaly has had its own outlet, Fashion City Outlet, in the city of Larissa in Greece.
Another accolade for the “Digital Mall”: On January 17, ECE’s digital innovation project received the “European Innovation Retail Award 2019 (“Europäischer Innovationspreis Handel 2019”) of the German Council of Shopping Centers (GCSC) at an award ceremony in Frankfurt am Main.
SPAIN: Finestrelles | POLAND: Vis à Vis Wilanów | FRANCE: Nice Lingostière | GERMANY: OEZ | RUSSIA: Rublyovo-Arkhangelskoye Smart City | GERMANY: Gropius Passagen | SERBIA: IPM | HUNGARY: New Campona | ITALY: COM Caselle Open Mall | GERMANY: Erlangen Arcaden
Futureal Group won several awards from the national jury at CIJ Awards Hungary. Etele Plaza was voted “Best Retail Development”, while Grand Corvin by Cordia was awarded as the “Best Residential Development” in Hungary in 2018. The jury voted SZGD Innovation Incubator, a property owned by OTP Real Estate Investment Fund whose construction was managed by Futureal, as the “Best Regional Development” in Hungary.
Futureal Group has exited its 19 million euros mezzanine financing provided to Caelum Development for the development of ParkLake shopping centre in Bucharest, Romania.
Al Farwaniya Property Developments has recently shared the tenant line-up for its super-regional Reem Mall project in Abu Dhabi. +++ Benoy has announced its second project with Hong Kong China Travel Service (HKCTS) – Ningbo If Mall. +++ Macerich and Simon have announced the formation of a 50/50 joint venture to create Los Angeles Premium Outlets. +++ The construction of the KWG M Cube, a 40,000-square-meter shopping center designed by MVRDV, has recently been completed.
MRM, a property investment company specialising in retail property, is announcing that the Ceremony to Plant the First Tree will take place on November 22, at the Valentin shopping centre in Ecole-Valentin north of Besançon, a site co-owned by MRM (shopping gallery) and Carrefour Property (hypermarket).
Thor Equities Group and Thor Urbana, Mexico’s leading real estate company, is launching four new projects in Mexico totaling approximately 6 million buildable square feet in October and November, company executives announced.
SPAIN: Inmobiliaria Espacio has appointed UK retail and leisure agency Lunson Mitchenall to drive forward the next phase of retail and leisure leasing at Caleido in Madrid. The Torre Sevilla shopping center opened its doors to the public. | SWEDEN: Mölndal Galleria opened in the Greater Gothenburg Area. | GERMANY: After three years of renovation, Helio, with its 38,000 sq m, opened its doors in Augsburg. Ernst-August-Galerie in Hanover will be modernized, redesigned, and expanded. Prelios Immobilien Management has presented a comprehensive concept for the redesign of the Galerie Neustädter Tor in Gießen, Hesse.
Finalists of this year’s edition of the PRCH Retail Awards competition included three projects delivered for the Złote Tarasy Shopping Centre in Warsaw by global real estate services firm Cushman & Wakefield. They were chosen from more than 100 entries.
Mitsui Fudosan Co. announced the grand opening of Mitsui Outlet Park Taichung Port, central Taiwan’s largest outlet mall, on December 12, 2018. | Palladium in Umuarama (Brazil) will bring greater comfort, development, and leisure to a market that has the largest consumption potential in the region. | Simon Premium Outlets announced the opening of Denver Premium Outlets (USA).
Boxpark revealed plans to revive Brighton’s iconic Madeira Terrace into an internationally renowned retail leisure and hotel destination. Colosseum Retail Park will construct Colosseum Mall and the expansion of the existing retail scheme in Northwest Bucharest...