THE LATEST PLACEMAKING NEWS
Landsec has announced that five retail and lifestyle brands have joined Trinity in Leeds, as part of its drive to secure regional debuts, relocations and upsizes into the destination.
Hammerson announced it has completed sales of six non-core assets for total gross cash proceeds of ~ €107.7m since the half year. The largest constituent is the exchange an unconditional contract for the sale of Silverburn, a 100,000 sq m shopping center near Glasgow.
A recent study by RegioData Research, which analyzed online stores, shows how Austrians shop on the Internet. The results are sobering: only 27% of sales remain in Austria.
Altera Vastgoed NV has purchased the Brouwhorst neighbourhood shopping center in Helmond. The object is an open-air convenience center servicing the local community and was built in 1987. It consists of six blocks and was partially renovated in 2015.
Trei Real Estate GmbH opened another retail park of its Vendo Park brand in Radzymin, Masovian voivodeship, close to Warsaw. The total amount invested was 3.1 million euros.
MK Illumination records strong growth for 2021 not only in its home markets, but worldwide. The Tyrolean company is writing the most successful year in its history with sales of €140 million in 2021.
Multi Italy has been appointed by Savills Investment Management SGR S.p.A, on behalf of Sulis Fund and its investor, a real estate investment fund advised by Aventicum Real Estate, to manage the GranRoma Shopping Center.
Sonae Sierra has signed a property management and leasing contract for Aeria Mall, a new shopping center in Casablanca. The new management contract follows work done by Reify., which provided lay-out, concept design and technical services for the center.
Futureal Investment Partners has acquired the Galeria Bemowo shopping centrr in Warsaw. The acquisition is the company’s third, following the Manhattan Shopping Center in Gdansk and Wratislavia Tower in Wroclaw.
Axis Retail Partners, in partnership with Generali, have exchanged contracts to buy St Georges Shopping Centre off market at a NIY of 8.3% from RDI REIT on behalf of pension fund clients of LaSalle Global Partner Solutions.
Eurocommercial Properties NV (Eurocommercial) has sold Chasse Sud, its hypermarket anchored retail park at Chasse-sur-Rhône in France to TwentyTwo Real Estate, a European real estate investment and management firm.
“Local food retailers are particularly stable in value as an investment if they are sustainable. The demand for ESG-compliant properties, which promise higher profitability in the long term, is steadily increasing”
The Shanghai Plaza 66 shopping mall is now the home of a new Bulgari flagship store at Nanjing Road. The new store features a green, jade-like façade designed by MVRDV, made from brass and recycled champagne, beer, and other glass bottles.
Union Investment has acquired the Fountains of Boynton shopping center in Florida. The complex, which consists of five buildings, is located in Boynton Beach, a centrally located suburban community in northern Palm Beach County, about 30 kilometers south of West Palm Beach International Airport.
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In the city that is returning to vibrant life and where anything is possible, you'll also find one of my absolute favorite stores, right on West Broadway, in the middle of SoHo: Flying Solo. Elizabeth Solomeina, a Russian-born jewelry designer and sculptor, teamed up with about 30 other creatives in 2016 to start this marketplace for unique fashion pieces.
The fashion brand Sinsay, which is part of LPP Group from Poland, has launched its new store at Westgate Shopping City. They have been a loyal tenant at the center for years and now relocated to an expanded shop with a new concept that includes both fashion, and home accessories.
Scallier has obtained the building permit to construct another retail park in Romania. Situated in Turda, the development will provide around 9,000 sqm of space to let. Populated by some 50,000 people, Turda is a town in the northern part of the country.
Spanish fashion group Inditex (Zara, Massimo Dutti, Bershka and others) is replacing its CEO after just two and a half years. At the same time, Marta Ortega, daughter of company founder Amancio Ortega, becomes head of the Board of Directors.
London Designer Outlet (LDO) in Wembley Park has welcomed the appointment of Daniel Tomkinson, the former Chief Executive of the Covent Garden Market Authority (CGMA), as its new General Manager.