Management

LATEST TRENDS AND PROGRESSES IN ASSET AND CENTER MANAGEMENT

The Genossenschaft Migros Zürich (GMZ) has decided to withdraw from the German market, with EDEKA set to acquire a substantial part of the Tegut Group. Despite significant cost savings that cut Tegut’s operating losses by more than half last year, revenues continued to decline amid a deteriorating market environment.

Nhood acting as strategic advisor for the transaction and representing the property co-owner Ceetrus, successfully coordinated the sale process of eight retail shopping centers in Poland, owned by Ceetrus and Auchan, to the Adventum fund. Ensuring full transactional support and efficient execution of the entire process in line with the highest standards of the commercial real estate market.

ShoppingCity Wels marked a major milestone in 2025, celebrating its 20th anniversary with record visitor numbers and a series of events. Building on this momentum, the center is entering 2026 with new openings, fresh concepts and a continued focus on families.

The IPH Gruppe is strengthening its team with John-Patric Staudacher as Senior Consultant for the Stuttgart region. He will support the company in expanding its advisory services and attracting retail tenants for the properties managed by IPH in southern Germany. He will report to Philipp Klein, Director Leasing at IPH.

In an exclusive ACROSS interview, Roman Müller, Head of Investment Management Retail at Union Investment, explains why early revaluation, operational strength, and disciplined positioning are driving renewed institutional interest in retail real estate — and why further concentration in the European retail market is inevitable.

Redevco continues to expand its pan-European retail parks strategy with the acquisition of three retail parks in Spain for the Redevco European Retail Parks (RERP) Fund. The assets, Ferrol Retail Park, Meixueiro Retail Park, and Cemar Retail Park, follow shortly after the Fund’s first Spanish transaction in Toledo in December 2025.

VIA Outlets continued its strong growth trajectory in 2025, setting new records in brand sales and footfall. Previous investments in its ‘3R Strategy’ of remodeling, remarketing, and remerchandising fed through to individual center performance along with the continued outlet-retail dynamism in European tourism-driven markets.

NEPI Rockcastle NV, Europe’s third largest listed retail real estate company by portfolio value (€8.2 billion), achieved its highest-ever distributable earnings of €441 million, up 6.7% on the prior year, and net operating income (NOI) of €618 million, an 11.2% increase.

Michael Hiese, Chief Real Estate Officer, Kaufland International, in an ACROSS interview on urban locations, integrated sites, and new opportunities and challenges for inner-city retail real estate operators.

Westfield Mall of Scandinavia has been named Stockholm’s most popular shopping centre in a new independent consumer survey, with Westfield Täby Centrum and Nacka Forum securing second and third place respectively.

NEINVER closed 2025 with €1.72 billion in brand sales across the 20 retail assets it manages in Europe. This represents a 5% increase on a like-for-like basis compared to 2024, continuing a streak of consecutive years of growth. The portfolio, consisting of 16 outlet centers and 4 retail and leisure parks, underscores the outlet format as a key strategic channel for brands.

Redevco, one of Europe’s largest privately owned real estate managers, today announces the appointment of Meera Sanjee as Director, Real Estate Debt. Meera is based in Redevco’s London office and reports to Richard Craddock, Head of Real Estate Debt. Meera started on January 19, 2026.

Over the course of the year, the company concluded 272 new and renewal lease agreements covering a total area of approximately 166,000 sqm. The result reflects sustained leasing activity in a challenging market environment and underscores MEC’s operational capabilities in both asset management and repositioning projects.