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THE LATEST PLACEMAKING NEWS

Shopping center investor Deutsche EuroShop AG recently concluded new credit agreements in June 2021 for three loans maturing in 2021. The refinancing for the loans totalling €154 million has interest rates of between 1.18% and 1.64% and a term of ten years.

Newsec Property Asset Management has made an agreement with a new Managing Director of the Danish division of the Nordic property asset manager. The new Managing Director, Kim Andersen, joins the company from a position as Vice President of the insurance company, If Skadeforsikring. As from 1 September 2021, Kim Andersen will lead the 575 employees based in Denmark and join the Nordic management team of Newsec.

Venture X, led by Tom Foster and Andrew Ross in the UK and Ireland, has secured its second location at 1 Ariel Way, Westfield London for 19,077 square foot, with an agreement for a long-term lease commitment. The company, which originally started in Naples, Florida, is part of the United Franchise Group.

The construction of the Era Park facility in Warsaw is progressing according to schedule, and the official opening is scheduled for November this year. Mallson Polska, the company responsible for the commercial concept and rental, is also working with the owner of the chain on the lease of another Era Park project, which will be built in Iława.

Knightswood Shopping Centre, in the Knightswood area of Glasgow is fully let for the first time in three years after LCP, the commercial property and investment company that manages the centre, signed up three tenants in just six weeks.

AG Real Estate has confirmed the diversification of its commercial offer in the heart of the shopping centres it owns and manages. Several new leisure projects, with nearly 10,000m2 floorspace in all, will be added to the retail offer already present in the malls of its portfolio, thus offering a mix that meets the new customers’ needs.

The topping out ceremony was held on June 24th at the construction site of Galeria Andrychów – the largest retail park in the region and one of major retail developments currently under construction in Poland. The event was attended by local authorities, investors – Acteeum Group and Equilis Europe, as well as retailers and business partners.

The Urban Land Institute (ULI) has announced the appointment of Emanuela Recchi, president of Recchi Engineering, as chair of ULI Italy. She succeeds Davide Albertini Petroni, managing director, Risanamento S.p.A, and will officially begin her voluntary two-year term on 1 July 2021.

The opening of new stores across SES shopping centers has continued unabated: The Danish Bestseller Group is set to open a total of four new “Jack & Jones” (young men’s fashion & denim) and “Only” (young women’s fashion & denim) stores at the SES-managed Weberzeile Ried, MAX.Center Wels, and Gerngross Vienna shopping centers by fall.

GTC has appointed Seweryna Afanasjew as Head of Asset Management in Poland. Her outstanding in-depth sector knowledge coupled with extensive experience in commercial asset management and leasing for investment funds will strengthen GTC’s market position. With Seweryna on board, the company expects the successful growth of its sustainable real estate portfolio in line with the developer’s best ESG practices.

All of our seven senses want to be used and ultimately are the key to real emotional experiences that bond us to very special moments and products. Physical real estate needs to confirm the field of tension of identity–human interaction–and products/brands by supporting individuality.