THE LATEST PLACEMAKING NEWS

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Union Investment extends lease with Galeria Karstadt Kaufhof in Essen by ten years

Further 50% of retail space in Limbecker Platz shopping centre already let until at least 2025.

Haidilao chooses Bullring for first restaurant outside London

Hammerson has announced that Haidilao, China’s largest hot pot restaurant chain, has selected Bullring for its first site in the UK outside of London. The 8,073sq ft restaurant will join Brown’s and Wagamama in St Martin’s Square, and is set to launch in early 2021.

Markus Gratz is the new Center Manager of McArthurGlen Designer Outlet Salzburg

Markus Gratz has taken on his new role as Center Manager of McArthurGlen Designer Outlet Salzburg on March 1, 2020.

KGAL buys Perlach Plaza development in Munich from CONCRETE Capital/BHB

New urban district development scheduled for 2022 completion – KGAL Investment Management GmbH & Co. KG has acquired the Perlach Plaza development in Munich for 250 million euros.

Principal advises PAREF Gestion on acquiring two retail properties for NOVAPIERRE ALLEMAGNE 2 fund

Principal Real Estate Europe, Principal Global Investors’ European platform for real estate investments, acting as asset and transaction manager of the SCPI NOVAPIERRE Allemagne 2 Fund managed by PAREF Gestion, has advised on the acquisition of two retail properties.

MAC cosmetics launches new flagship at Liverpool One

World-leading beauty brand M·A·C Cosmetics has officially launched its 2,654 sq ft retail space at Liverpool ONE, serving as the brand’s new flagship location in the city.

BNP Paribas REIM acquires Primark property in Kiel

BNP Paribas Real Estate Investment Management (REIM) Germany acquired a retail property in Kiel for French real estate mutual fund BNP Paribas Diversipierre.

NEXT in line for Affinity Staffordshire, Devon and Lancashire outlets

Outlet retailing proves resilient as Affinity signs Next 23,500sq ft new leasing during lockdown.

Skysun expands solar presence in the AG Real Estate portfolio

After a fruitful collaboration that began in 2018 on the Brussels II warehouses in Anderlecht, AG Real Estate and Brussels start-up Skysun have decided to extend their partnership to the Office & Retail activities of the real estate subsidiary of AG Insurance.

Topping-out ceremony for ECE’s first project on the British market

The project partners Art-Invest Real Estate, Dukelease, and ECE jointly celebrated the completion of the structural work and the successful course of the “101 on Cleveland” apartment building project in London’s West End.

Supermarket Income REIT: acquisition of a Morrisons supermarket in Telford, Shropshire

Supermarket Income REIT announces the acquisition of a Morrisons supermarket in Telford from Santander Trustees Limited for £14.3 million (excluding acquisition costs), reflecting a net initial yield of 5.0%.

INGKA Centers received four prestigious prizes

The International Council of Shopping Centers (ICSC) announced the winners of its 2020 Visual Victories Awards. INGKA Centres received four prizes, including two Gold winners for their MEGA Meeting Places.

John Lewis Partnership Trust for Pensions appoints new trustee chair

The John Lewis Partnership Trust for Pensions has appointed Sarah Bates as Chair of the Trustee from 1 August 2020 and replaces Dame Jane Newell, who has stepped down after being Chair since 2013.

St David’s opens enhanced Hollister Co. store

The St David’s Partnership has announced the official opening of the new look 9,559 sq ft Hollister Co. store at St David’s, in Cardiff, one of the UK’s premier retail and leisure destinations.

APG moves towards full ownership of VIA Outlets

APG has reached an agreement with the UK listed real estate company Hammerson to acquire substantially all of Hammerson's remaining interest in VIA Outlets (includes Batavia Stad).

Bankinter and Sonae Sierra's SIGI acquires first real estate assets in Portugal

ORES Portugal’s first acquisitions represent an investment of € 37 million.

Hammerson plc - unaudited half-year 2020 results

Hammerson announces proposed rights issue combined with sale of VIA Outlets delivering £825m gross proceeds to recapitalise and further reposition the business.

Atrium European Real Estate sold 5 retail assets to Metropol Group

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.

Icon Outlet signs leading lifestyle brand: Tommy Hilfiger childrenswear

Icon Outlet at The O2 has announced international designer brand, Tommy Hilfiger childrenswear, will be the first new retailer to join its premium outlet offering since it reopened for trading on 15 June.

Timberland earns accolades for new purpose-led store environment

Known worldwide for its iconic designs and sustainability leadership, last winter Timberland unveiled its new “purpose-led place” store environment in select cities around the world, including New York, London, Philadelphia and Shanghai. The retail industry has taken notice.