THE LATEST RETAIL REAL ESTATE NEWS

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H&M Foundation donates USD 500,000 to COVID-19 Solidarity Response Fund

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.

Wereldhave: Update on Corona-virus impact

The situation regarding the outbreak in Europe of COVID-19 is having an unprecedented impact on the business in Wereldhave's shopping centers.

Unibail-Rodamco-Westfield provides market update on the impact of COVID-19

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 rebrands Lowry Outlet as part of £26 Million developement to Quayside MediaCityUK

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.

Atrium Ljungberg sells Farsta Centrum for SEK 4 billion

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 in Poland wins international BREEAM award

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.

Eurocommercial Properties: Coronavirus impact on Italian retail

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.

EPP delivers on-target earnings for the fourth consecutive year

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.

Designer Outlet Kraków: the new outlet shopping destination for Kraków and the Małopolska region

ROS Retail Outlet Shopping has been appointed as the management company. The opening is planned for Autumn 2021.

Ada Walentek has become General Manager of Ceetrus Poland

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.

Shopping Center Performance Report by Ecostra: Fake News or a Scientifically Recognized Method?

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 unveils next stage of Grand Central transformation

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.

Kyiv: New Heinemann Duty Free Shop opens at Boryspil Airport

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.

Volker Stinnes named new CEO of Land of Fashion

LAND OF FASHION is the umbrella brand of the Italian outlet villages, Franciacorta, Valdichiana, Puglia, Mantova and Palmanova.

Redevco acquires mixed-use, urban property in Düsseldorf as part of its €500 million residential investment programme

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.

Erik Florman new head of Sustainability at Kungsleden

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.

Saks Fifth Avenue “Theatre of Dreams” awarded “Excellence in Installation” Award

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.

Commercial licence granted for Chapman Taylor-designed Breogán Park retail development

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.