THE LATEST RETAIL REAL ESTATE NEWS

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Czech Republic: Investments in commercial properties will exceed EUR 2.8 billion this year

According to Cushman & Wakefield, the total amount invested in commercial real properties will exceed EUR 2.8 billion in 2018.

La Strada Street Mall Concept has inaugurated La Strada Brașov in Romania

La Strada Street Mall Concept, one of the main strip mall developers active on the local market, has inaugurated La Strada Street Mall Concept Brașov, the second project completed after La Strada Street Mall Concept Popești Leordeni.

FaceGym expands in London – the shop fitting by umdasch

"A workout for the face" is the claim of FaceGym and thus explains in a few words the concept of the premium cosmetics brand.

TASTE OF USA COMING TO ST JAMES DOVER

Casual dining at St James Dover is getting a boost with the addition of two new independent restaurants that are both opening in Dover for the first time.

The largest Megasport in Ukraine will open at «Oasis» mall

The 2019 is a year of numerous openings in the largest mall of Khmelnitsky, «Oasis». In the end of January, the renewed Megasport store will open in the shopping center covering a record leasing area for this retailer – 1 400 sq m.

SHAFTESBURY TOASTS THE OPENING OF OLE & STEEN AT CENTRAL CROS

Shaftesbury has announced the opening of Ole & Steen, the Danish bakery, with the brand launching its 3,000 sq ft London flagship at 51 Charing Cross Road. The prime corner unit is part of Central Cross, Shaftesbury’s £15m,48,000 sq ft mixed-use developmentat the heart of London’s West End.

Clear direction for development of retail trade in centre of Warsaw

The City of Warsaw and JLL will implement a pilot program aimed at increasing the attractiveness of the Warsaw City Centre in the eyes of potential tenants and customers. The changes will be introduced starting with Marszałkowska and Aleje Jerozolimskie Streets.

New face for the WISAG shopping center segment

Joaquin Jimenez Zabala (49) took over sales management of the shopping center segment in September.

Futureal Group's Etele Plaza and Grand Corvin Awarded Among Hungary's Best Real Estate Development Projects

Futureal Group won several awards from the national jury at CIJ Awards Hungary. Etele Plaza was voted “Best Retail Development”, while Grand Corvin by Cordia was awarded as the “Best Residential Development” in Hungary in 2018. The jury voted SZGD Innovation Incubator, a property owned by OTP Real Estate Investment Fund whose construction was managed by Futureal, as the “Best Regional Development” in Hungary.

Extended GCSC Management Board as of 2019

At this year's general meeting of the German Council of Shopping Centers e.V., the Executive Board presented the new organizational structure of the office to its members.

GTC SERBIA CONTINUES ITS AWARD-WINNING STREAK

GTC Serbia was recognized in 4 categories during annual CIJ Awards Serbia & SEE 2018 Gala. The developer was awarded with a title of Best Overall Commercial Developer, and won prizes for Best Future Development, Best Retail Lease, and Best Office Deal of the year.

LIVERPOOL ONE HOSTS INNOVATIVE YOUTUBE MUSIC ‘MURAL CAMPAIGN’

Grosvenor Europe has unveiled a towering mural of British singer and songwriter, George Ezra at leading retail destination, Liverpool ONE.

BERSKHA STRENGTHENS ST DAVID’S INTERNATIONAL FASHION CREDENTIALS

The St David’s Partnership, owners of St David’s in Cardiff, one of the UK’s premier retail and leisure destinations, has unveiled the opening of Berskha, the leading international fashion label from Inditex and the brand’s debut in the region.

CHRISTMAS COMES TO ST MARTIN’S COURTYARD in LONDON

Longmartin Properties, a joint venture between Shaftesbury and The Mercers’ Company, kicked off festivities last week by launching The Christmas Treats Bazaar for visitors to St Martin’s Courtyard.

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.

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.

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.

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.

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”.

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.