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The European Council of Shopping Places (ECSP), the association which provides a dedicated voice for the European retail property sector, has released its position paper responding to the financial impact of Covid-19 on the retail property sector. The uncertainty of repeated lockdowns, the inconsistent approach of different governments, and the overly onerous focus on retail property owners to support an industry in crisis is not sustainable.
There has never been a more challenging time for physical retail. Everyone in the sector needs to work together to redefine and reinvigorate our high streets and shopping places.
Niam has divested an office and retail property in Algade, central Roskilde, in the greater Copenhagen area. The ~10,000 sqm property was previously headquarters to former Roskilde Bank and is a prestigious mixed-use landmark property located on the best high-street location in Roskilde.
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.
“Health and safety will always be our first priority, but a tiered approach to the new Covid measures could help avoid blanket national closures.”
“It would have been naive to think that, somehow, the Eastern countries could have transitioned from communism to laid back consumerism without going through the small versus big Kulturkampf that we have all experienced.” | By Michael MacBrien
Senior appointment sees Hines strengthen its workplace experience and technology offer for tenants in Europe.
Represents sector that designs, creates, funds, develops, builds and manages places anchored by retail across Europe.
BNP Paribas Real Estate Investment Management (REIM) Germany acquired a retail property in Kiel for French real estate mutual fund BNP Paribas Diversipierre.
Starting on October 1, 2020, Ivica Pavusek will be the new Head of Property, Maintenance, Purchasing & Sustainability (PMPS) at Unibail-Rodamco-Westfield (URW) Germany. In his new position, he will be responsible for all commercial and technical disciplines of the wide-ranging facility management sector at 23 German locations that are operated by URW.
These companies will be exhibiting at Propel by MIPIM: Métropole du Grand Paris, Paris & Co, E.ON, Saint Gobain, Schneider Electric, ArcelorMittal and numerous startups.
Commercial life begins anew at a tradition-steeped location: The former Brandt rusk bakery site is now the “Brandt Quartier”, the most modern retail park in the city of Hagen, which now will be operated by Deutsche Immobilien-Gruppe (the DI Group) for a fund run by Nuveen Real Estate.
redos institutional GmbH has acquired a specialist store in Kirchberg (Rhineland-Palatinate) for the fund "redos Einzelhandel Deutschland II" managed by Union Investment, which is let to a food retailer. The seller is Aspen Group. Catella Property acted as advisor to the buyer in the transaction.
MGVM, has published a study on the impact of COVID-19 on the property management sector. One of the data highlighted in the document is the influx of customers in shopping centres. Compared to the same period in 2019, the number of people visiting shopping centres has been reduced by 93%.
A group of some of the biggest commercial property market leaders are supporting the personnel of 11 hospitals and medical centres across Poland through daily deliveries of meals.
Redevco, one of the largest privately-owned real estate investment managers in Europe, has acquired a 38,000 sq m mixed-use property comprising a convenience retail floor and more than 280 residential units in Düsseldorf.
Sven Schneeweiß moves up into a leading position.
MEC starts the new year with a mandate for eleven new property management locations.
Over the past years, Newsec Property Asset Management has grown rapidly mainly through acquisitions. This growth journey is expected to continue and Newsec therefore hires Rikard Nyhrén as Chief Operating Officer, COO.
Global real estate investment company Kennedy Wilson has completed the sale of ten wholly owned Spanish retail properties for $81 million to Barings, a global investment management firm.