ACROSS | The European Retail Real Estate Magazine

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by ACROSS EDITOR

Czech investors changing the ownership of Forum Poprad in Slovakia

Multi Corporation and GEMO HOLDING have sold the Forum Poprad shopping centre in Poprad, Slovakia. The asset has been acquired by the real estate fund of ZFP Investments and MAT Corporation, part of the DBK group. The sellers have been advised by the real estate services provider Cushman & Wakefield. The transaction closed on December 7, 2018.

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DESIGNER EXCHANGE STRUT INTO THE KING’S ROAD WITH FLAGSHIP OPENING

Sloane Stanley has announced that Designer Exchange, the luxury designer clothes and accessories retailer, has opened on the King’s Road. The 1,352 flagship store is the largest in their portfolio and the first to stock clothing and shoes.

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Romania: Colosseum Mall starts construction

The construction of Colosseum Mall has begun as part of the expansion plan of Colosseum Centre. Located in district 1 of Bucharest and open since 2011, Colosseum is expanding following the last years of increased business and improved market conditions.

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ECE extends pilot phase of the online product search “Digital Mall” to five centers

ECE advances the development of its centers to digital platforms: Effective today, the “Digital Mall” will be extended to five pilot centers and will thus be available at five shopping centers.

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ILG acquires further part of Rathaus-Galerie Dormagen, Germany

Munich-based ILG Group has bought the remaining part of the Rathaus-Galerie in Dormagen as of December 1, 2018 from a private owner, for the open-ended special-AIF “ILG Einkaufen Deutschland I”.

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Citycon sold a shopping centre in Rovaniemi, Finland

Citycon has sold shopping centre Sampokeskus in Rovaniemi, Finland to a fund managed by Trevian AIFM. The total purchase price amounts to approximately EUR 16 million, which is close to the asset’s latest IFRS fair value. The transaction was closed on 30 November 2018.

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ETERNA: New store in Frankfurt am Main – shopfitting by umdasch

The fashion company ETERNA opened in November a new branch in the prominent Kaiserstraße in Frankfurt am Main, Germany. The surface, façade and light planning comes together with the shopfitting and the assembly of umdasch The Store Makers.

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AmRest announces deal to develop the BURGER KING® brand in 5 countries

AmRest, the multi-brand restaurants, digital services and food group leader in Central and Eastern Europe, announces signing of Development Agreements to develop the Burger King brand in Poland, Czech Republic, Slovakia, Romania and Bulgaria.

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SUSHI ROYAL EXPANDS IN WARSAW

A sushi street food leader opens a mall kiosk at Złote Tarasy.

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EPP announces Net Property Income of EUR 102.2 million in Q3 2018

Polish property owner EPP released 3rd quarter results for the nine months ended September 2018 indicating net property income is up 37% year on year to EUR 102.2 million. The JSE-listed company said earnings available for distribution per share were at EUR 8.75 cents, and the company is on track to meet its stated guidance of EUR 11.6-11.8 cents per share.

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Meyer Bergman/HOOPP Joint Venture Sells Nová Karolina Shopping Centre in Czech Republic

A joint venture between the Meyer Bergman Fund, Meyer Bergman European Retail Partners I and the Healthcare of Ontario Pension Plan (HOOPP) has sold Nová Karolina shopping centre in Ostrava in the Czech Republic to the country’s largest mutual fund, ČS nemovitostní, managed by REICO.

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THOUSANDS DARE TO DREAM AT LIVERPOOL ONE’S CHRISTMAS LAUNCH EVENT

Thousands of visitors enjoyed the illumination of a specially-commissioned light spectacular in Liverpool ONE’s Chavasse Park as the finale of a city centre-wide celebration on November 16 to officially begin Christmas in Liverpool.

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Kurt Geiger opens new Bullring store in Birmingham, UK

The Bullring Estate, comprising the Bullring, Grand Central, and Link Street, has announced that designer footwear and accessories brand, Kurt Geiger, has officially opened a 1,800 sq ft store within the Bullring, Birmingham’s iconic shopping destination.

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Qrf City Retail starts search for new CFO

The Board of Directors of the Statutory Manager of Qrf City Retail announces that Mr Preben Bruggeman, Chief Financial Officer and Effective Leader, has decided to leave the company to pursue a new professional challenge.

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Guess at Cracovia Outlet!

The leasing process of the Cracovia Outlet center in Poland is gaining momentum. The outlet center realized by KG Group, which is being built on the premises of a mixed-use shopping complex, is expanding its fashion offer with the Guess brand.

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La Française Real Estate Partners International acquires QuartierWEST retail park in Essen Germany

La Française Real Estate Partners International has finalized the acquisition from Schoofs-Gruppe of the QuartierWEST retail park in Essen on behalf of two La Française collective real estate investment vehicles.

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POLAND: JLL and REAS to join forces

JLL, an advisory firm operating on the commercial real estate market, has decided to enter the residential market. With the acquisition of REAS, JLL will become the first advisory firm to operate on all segments of the real estate business in Poland. Working within the structures of JLL, REAS will be responsible for developing Living Services in both Poland, and Central & Eastern Europe.

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A UNIQUE CONCEPT STORE IN THE HEART OF SEVEN DIALS, LONDON

This December, Appear Here, the leading marketplace for short-term retail, will launch Give & Receive, a curated emporium of independent brands - just in time for Christmas.

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The Gym opens at the Broadway Shopping Centre, Bexleyheath, UK

NewRiver announces the opening of The Gym at the Broadway Shopping Centre, Bexleyheath. The Gym will operate from a new 12,900 sq ft unit created by converting a previously vacant storage area on the second floor of the shopping centre, and will be accessible 24 hours a day.

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Kintyre continues drive within digital transformation

Kintyre, the full-service real estate manager and investment firm, has signaled its commitment to becoming a market leader and influencer within the digital transformation of the real estate sector with the launch of a subsidiary business, Kintyre DS GmbH.