THE LATEST PLACEMAKING NEWS
Landsec has announced the appointment of Remco Simon to its executive leadership team in the newly created role of Managing Director–Strategy and Capital Markets. The role will report directly into CEO Mark Allan.
FCR Immobilien AG expands its portfolio with the purchases of two fully leased specialty stores in Lügde (North Rhine-Westphalia) and Zeithain (Saxony).
LCP has appointed Ben Chislett as UK head of retail after they invested more than €323 million in retail assets, from local convenience parades to regional centers, in 2021.
A new Youseum venue is set to open at Westfield Centro in Oberhausen this fall, expanding their portfolio in Europe. The social media experience will cover more than 1,000 sq m.
The Czech retail market and physical retail segment remain attractive for retail brands, as the arrival of 38 new international brands last year confirms: this is the highest number in the last three years.
The project is developed by HG Invest in cooperation with FOC Retail Service GmbH and Outlet Evolution Services. On an area of more than 20,000 sq m, 70 shops and several hundred new jobs will be created in two phases. Its first phase will be opened in 2023, phase two is scheduled for 2026.
The Austrian furniture group XXXLutz continues its European shopping spree Europe and takes over the Swiss discount furniture chain Lipo with more than 600 employees from its competitor Steinhoff. The acquisition includes all of the chain’s 23 furniture stores in Switzerland. Lutz announced on Monday that it had agreed not to disclose the sales price. The deal is subject to approval by the relevant antitrust authorities.
Since the beginning of the pandemic, the message to the UK has been to shop local and support your community during the incredibly difficult period that we all faced. Even as town and city centers began to open up again, independent retailers have maintained their position in the spotlight of the retail industry, be it bricks and mortar or online.
Redevco has appointed Marrit Laning to the company’s Board in the role of Chief Strategy and Innovation Officer, reporting to CEO Andrew Vaughan. She will help drive the diversification of Redevco’s portfolio across property sectors and its investment strategies in the transformation of mixed-use urban areas.
After months of speculation in London about who would acquire the iconic Oxford Street department store, the deal is now sealed: Thailand's Central Group and Austrian investor René Benko's real estate group Signa Holdings have bought Selfridges Group for around four billion pounds. Central and Signa will each acquire 50 percent of the luxury department store group.
Ukrainian real estate investor Focus Estate Fund has acquired the Turawa Park shopping center in Opole, southern Poland, from Edinburgh-based Abrdn for an undisclosed sum.
In view of the exponential worsening of the pandemic situation worldwide and the accompanying tightened travel and contact regulations, the consumer goods fairs Christmasworld, Paperworld and Creativeworld planned for January 2022 and Ambiente for mid-February 2022 are cancelled. There are no plans to postpone the events.
Individual areas of the Leine-Center in the south of Hanover are being structurally redesigned and renovated. At the same time, ALDI Nord will be moving in as a new anchor tenant, occupying 1,600 sq m.
IPH Handelsimmobilien GmbH is strengthening its transaction lineup with the appointment of Jürgen Kreutz (56) as Managing Director Transactions. In this leading position, he will expand the group’s transaction business nationwide and with his experience in the high-street segment, his focus is on inner-city retail locations.
Niam has acquired Väsby Centrum and Bålsta Centrum, both with strategic locations close to important commuter hubs in northern Stockholm, from Grosvenor Europe. The properties have a variety of necessity driven retail such as grocery, healthcare, and restaurants.
On behalf of one of its investor clients, Redevco has purchased Templars Square in Oxford for €42.5 million from New River. The 1960s local shopping centre is to be transformed into a landmark residential-led mixed urban scheme over the next decade.
Following its market entry in Italy, Immofinanz is continuing the expansion of its STOP SHOP retail park brand in the Adriatic region. In Croatia, the number of retail parks is to be increased from currently four to more than 20 locations in the medium term.
I recently discovered the social concept store "SCHÖN&GUT" at Preßgasse 28 in Vienna-Wieden. As I drove by, the displays communicating with the viewer aroused my curiosity. Inside, I was not disappointed–unique products made sustainably and with social responsibility are lovingly presented. Customers are greeted warmly, you already feel welcome when entering!
Many families earn big money with cheap fashion. They like to stay out of the limelight, and their stores can be found all over Europe.
Klépierre closed the disposals of the two retail assets Boulevard Berlin and a retail park in Bordeaux.