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THE LATEST PLACEMAKING NEWS

Icon Outlet has revealed its performance figures for the 12-week period post-lockdown, with sales increasing by 30% between the first week and the 12th. Sales have trended from approximately 65% of previous year like-for-like at reopening to around 95% like for like in weeks 11-12. Icon Outlet’s weekly footfall has also doubled since reopening and now stands at 75% of prior year footfall. The latter compares to an average footfall of 59% of pre-Covid levels for the average London High Street according to Springboard*.

As a result of the course taken by the pandemic, Messe Frankfurt will not be holding any of its own physical trade fairs at the Frankfurt exhibition grounds between January and March 2021. The company is revamping its spring trade fair calendar to focus on new synergies and new digital offerings.

As part of the ambition to advocate for urgent and ambitious climate action and policies, Ingka Group will actively and virtually take part in the UN Climate Action Summit and other high-level events like Climate Week, WEF Sustainable Development Impact Summit from September 21-27, 2020.

IKEA believes that home is the most important place in the world. So, in a year like no other, the seventh IKEA Life at Home Report explores how the meaning of this important place has shifted.

The SES-operated shopping center WEBERZEILE located in Ried, Upper Austria, now generates its own environmentally friendly solar power, which is also the case at SES shopping center MURPARK in Graz. Last week, SES Spar European Shopping Centers commenced operation of a 520-kWp photovoltaic rooftop installation, which produces approximately 500,000 kilowatt hours of clean electricity per year for its own use and reduces CO2 emissions by 128 tons. The photovoltaic system installed atop WEBERZEILE is the largest to be mounted by SES to date and is the benchmark for the installation of solar power systems on the roofs of other SES shopping centers throughout Austria.

Ingka Investments, the investment arm of Ingka Group, announces it has acquired the remaining 51% of Traemand, a US based kitchen service company, after previously acquiring 49% of the company in 2018. Traemand is currently a partner to IKEA Retail in Canada, UK and US where it’s integrated in the IKEA kitchen business to simplify the planning and installation process for customers.

BNP Paribas Real Estate Investment Management (REIM) announces the appointment of Nehla Krir as Head of Sustainability and CSR, effective from September 1, 2020. This position was recently created by BNP Paribas REIM in order to support and continue its ambitions in terms of Corporate & Social Responsibility and ESG integration.

Citycon’s rent collection has been solid throughout 2020. As of today, the rent collection rate for H1/2020 stands at 94%. Solid collection rates have subsided, and 90% of July 2020 rents were collected in the beginning of week 37.