THE LATEST RETAIL REAL ESTATE NEWS
First publisher statement:
A first-of-its-kind COVID-19 Solidarity Response Fund is initiated to raise money to support the work to prevent, detect, and respond to the COVID-19 pandemic.
The situation regarding the outbreak in Europe of COVID-19 is having an unprecedented impact on the business in Wereldhave's shopping centers.
The COVID-19 crisis continues to evolve rapidly and in recent days several governments in the markets in which Unibail- Rodamco-Westfield operates have taken measures to contain the spread of the virus. These measures will impact the Group’s operations.
Lifestyle Outlets, part of Peel L&P, has announced that it is rebranding Lowry Outlet as work is well underway on what is set to be one of the region’s most exciting and vibrant leisure destinations.
Property company Atrium Ljungberg has today signed an agreement to sell the shopping centre Farsta Centrum in Stockholm. This deal includes a rental value of SEK 310 million and more than 100,000 m2 letting area. The purchase price is based on an underlying property value of SEK 3,979 million. The purchaser is Stadsrum Fastigheter AB.
M1 Kraków Shopping Centre managed by Metro Properties Poland wins the main award in the category “Commercial project: In- Use” presented by BREEAM. The best of BREEAM 2020 awards honors exceptional sustainable places and project teams.
The Italian government signed a decree on March 11, 2020 by which all shopping centres and retail locations in Italy will be closed until March 25, 2020 except for grocery stores and pharmacies.
JSE listed EPP released results for the year ended 31 December 2019, with distributable income earnings up by 9.6% and distributions of EUR 11.62 cents per share. EPP’s net property income for the year is up by 3.8% to EUR 148 m, with distributable income of EUR 105.5 m.
ROS Retail Outlet Shopping has been appointed as the management company. The opening is planned for Autumn 2021.
Ada Walentek was appointed to a position of general manager for Ceetrus Poland. With this appointment she has taken charge of company’s strategy, management and development on Polish market.
It almost reminds one of the 1993 film “Groundhog Day”. The only difference is that Dr. Will, together with his management consultancy Ecostra, has only employed the recurring, annual use of mathematical calculations since 2011, with the purpose of creating a body of evidence, based on statistical methods, that would allow for a ranking of the best shopping centers in Germany to be drawn up.
Hammerson has announced the next stage of the transformation of Grand Central’s New Street Mall, with the commencement of the second phase of a £2m investment to upgrade the key link to New Street and Stephenson Place.
Gebr. Heinemann is increasing its presence in the Ukrainian capital; the Hamburg based global Travel Retailer, in cooperation with their Ukrainan partner BF Group, have just opened a new 191 square metre shop behind the passpoprt control in the re-opened Terminal F building at Boryspil International Airport. The contract period is five years.
LAND OF FASHION is the umbrella brand of the Italian outlet villages, Franciacorta, Valdichiana, Puglia, Mantova and Palmanova.
Redevco, one of the largest privately-owned real estate investment managers in Europe, has acquired a 38,000 sq m mixed-use property comprising a convenience retail floor and more than 280 residential units in Düsseldorf.
Sven Schneeweiß moves up into a leading position.
Erik Florman is to become the new Head of Sustainability at Kungsleden. He was most recently employed as group manager for sustainable business development at Skanska.
American Christmas, an MK Illumination company, is delighted to announced that 2018 Saks Fifth Avenue “Theatre of Dreams” has been awarded the Live Design “Excellence in Installation” Award for Temporary Lighting Installation.
The 66,000m² GLA retail and leisure centre, located in A Coruña, Spain, will host 7,000m² of sports activities, leisure and family entertainment, served by 2,600 parking spaces.