PLANS OF INVESTORS AND OWNERS

Investment

IMMOFINANZ turns net profit significantly positive with EUR 217.5 million in 2018

IMMOFINANZ significantly strengthened its earning power during the 2018 financial year:

Mitiska REIM Forms Joint Venture with Karuzela Holding

Mitiska REIM has recently announced a strategic partnership with Karuzela Holding. Under the terms of the agreement, the two companies will form a joint venture in Poland, and Mitiska REIM’s FRI 2 fund will acquire a 50% holding in two retail parks and two gallerias owned by Karuzela, comprising a total GLA of 35,600 sq m, and both parties will co-develop four additional projects, comprising a total GLA of approximately 60,000 sq m.

Sierra Balmain Joint Venture | Servicing 15 Retail Properties in 15 Polish Cities

Sonae Sierra has acquired a 50% stake in Balmain Asset Management Group’s Central European platform. Balmain has operated for over 15 years in Poland.

KGAL ACQUIRES RETAIL PARK IN STYRIA, AUSTRIA

KGAL Group is expanding its real estate portfolio in Austria via the acquisition of a contemporary annex to Mühldorf retail park in Feldbach, Styria.

Nivy Station in Bratislava: HB Reavis Receives Loan in the Amount of €175 Million

HB Reavis has obtained a syndicated loan in the amount of €175 million for the construction of the Nivy Station project in Bratislava.

Sole Underwrite over 1.1 Billion Euros | Financing of Potsdamer Platz in Berlin

In its role as arranger, agent, and security agent, LBBW has secured the long-term financing of the Potsdamer Platz site in Berlin on behalf of Brookfield Properties for EUR 1.1 billion.

Forum Poprad in Slovakia Has Been Sold

Multi Corporation and Gemo Holding have sold Forum Poprad in Poprad. The asset has been acquired by the real estate fund of ZFP Investments and MAT Corporation, part of the DBK group.

Global Mutual Strengthens Outlet Portfolio

Global Mutual adds to its growing outlet portfolio with the acquisition of Sterling Mills Outlet Shopping Village in Tillicoultry, near Stirling in Scotland.

Peter Korbačka in a Purchasing State of Mind

Last year, City Aréna in Trnava, Slovakia, became the property of real estate developer Peter Korbačka. He and Sonae Sierra have recently signed a joint venture agreement to acquire three shopping centers in Spain for a total of EUR 485 million.

The Key Question for Future-proof Shopping Destinations: Are We Really Relevant?

In this interview, Steffen Hofmann and Klaus Mennickheim, Managing Partners of iMallinvest Europe GmbH, share their profound views on current trends in the German retail real estate market with ACROSS.

RETAIL INVESTMENT: WIDENING GAP BETWEEN EUROPE’S RETAIL MARKETS

The Union Investment index analyses the attractiveness of the top 17 markets.

Union Investment reduces the retail share of immofonds 1

The reason is the competition from online retail. Residential and logistics assets, in return, will be increased.

News in Sweden, Spain and Poland - VIA Outlets Develops Portfolio

VIA Outlets is continuing the transformation of its portfolio across Europe. An expansion and remodeling program of €29 million, focusing on three outlets in Sweden, Spain, and Poland, began last autumn to help increase the overall guest experience and better position the outlets as premium shopping destinations across Europe.

Entering India

Ingka Centres, formerly IKEA Centres, unveils a major new strategic vision that will see it invest €5.8 bn over the next three years – and sets off for the Indian subcontinent.

An 8-year Acquisition Term

Helaba finances Atrium European Real Estate’s purchase of Wars Sawa Junior for EUR 170 million. The shopping center, located in the Polish capital, comprises 26,000 sq m of retail space.

Man of the Year: René Benko. The Real Estate Tycoon

A self-made man who set out to form a European format omnichannel provider.

Why Polish People Love Click & Collect

EPP is the leading owner of malls in Poland. CEO Hadley Dean emphasizes the importance of the correct weighting of online shopping competition.

Change of Ownership at Trnava City Arena

The acquisition of Trnava City Arena in Slovakia has been recently completed. Peter Korbačka acquired the shopping center from Vladimír Poór. Negotiations lasted for nearly a year. The price as well as other transactional details have not been disclosed and remain subject to business privacy. However, this is one of the country’s most important retail segment transactions of the year.

Almada Fórum in New Hands - Merlin Properties in a Buying Mood

JLL, acting for Blackstone, has completed the sale of Almada Fórum, from the Rio Tejo retail portfolio, to Merlin Properties. The portfolio originally comprised three prime shopping centers and a retail park.

TH Real Estate launches next platform for German retail

Marcus Mack, from TH Real Estate, believes that the country’s retail market is more active than ever before. As a result, he and his team have recently set up a new Germany-focused retail vehicle. With a target portfolio size of €400 million, it has a proposed term of 10 years, with a two-year renewal option.