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Atrium European Real Estate Limited, a leading owner, operator and redeveloper of shopping centres and retail real estate in Central Europe, provides an update on trading for the three months ended 31 March 2020 and an update on trading in light of the Covid-19 pandemic.

On 23 April 2020, Hammerson announced that Orion European Real Estate Fund V (“Orion”) had notified the company that it did not intend to complete on the sale of a portfolio of seven retail parks (the “Transaction”), despite exchanging unconditional contracts on 20 February 2020.

NEINVER is reopening its five outlet centres in Poland today under strict health and safety measures and with over 80% of their shops open. The FACTORY centres in Warsaw, Krakow, Gliwice and Poznan have implemented reopening plans in close coordination with the brands and authorities to ensure the maximum safety of employees and visitors.

The Management Board of LPP decided to withdraw from some of the contracts concerning the lease of space in shopping centres in Poland. The contracts concern approximately 29.5% of the total retail space used by LPP Group. The decision is driven by the concern for the company’s interest in the face of the effects of the COVID-19 pandemic on trade.

Haben wir eine Lösung ? … oder werfen wir weiter mit Paragraphen um uns ? – Mieter und Vermieter in der Diskussion.“

In the early fall, the French fashion label Ba&Sh will be opening its first independent concept store in Sweden in Hufvudstaden’s property at Jakobsbergsgatan 3 in Bibliotekstan in Stockholm.

Sponda has appointed Katja Holmström as Director, Retail and a member of the company’s Extended Management Team. Holmström will start in her new position in early August and she will be responsible for developing and managing Sponda’s Retail business.