THE LATEST RETAIL REAL ESTATE NEWS
Cano in Singen keeps taking shape: The preparations on the building site are almost complete. The construction on the actual shopping center building and the surrounding area in the city center of Singen will commence in April. At the same time, the leasing of the shop spaces is ongoing: More than 70 percent of the shops have already been leased.
The Store Makers of umdasch, Austria, are taking over the digital signage specialists Gundlach SEEN MEDIA, which has its headquarters in Germany. The acquisition of this company strengthens umdasch’s competence as a supplier of digital solutions at the point of sale.
PropTech Romania, the first Romanian innovation platform dedicated to the real estate market, will host in Bucharest the first European real estate hackathon from 12 to 13th of April 2019.
PATRIZIA Immobilien AG, the global partner for pan-European real estate investment, has acquired a portfolio of 27 retail properties across Germany from Marathon Asset Management for around EUR 100 million on behalf of PATRIZIA Retail Opportunity SCS fund, increasing the portfolio of retail assets PATRIZIA manages across Europe to around EUR 8.3bn.
Following the news from 9 April, 2019 that Debenhams has fallen into administration, Sofie Willmott, Senior Retail Analyst at GlobalData, a leading data and analytics company, offers her view:
Supernova Invest GmbH, a leading private real estate company with a buy-and-hold investment strategy focused on high quality retail properties in Central and Eastern European countries, has announced the opening of the extended and refurbished Supernova Koprivnica shopping park in Croatia in mid-April 2019. Further refurbishments are planned for other Supernova retail assets in Croatia and Slovenia.
In May, Synsam will open a new store on the upper floor of Femman – one of the most central retail locations in Gothenburg in the Nordstan shopping centre.
Herman Ze German, the popular German eatery, has opened its first UK venue outside of London with Hammerson at Birmingham’s Grand Central.
Travel Retail Italiana, a subsidiary of Gebr. Heinemann, on Friday officially opened a 200 sq m shop in the new and second terminal building (Terminal C) at Catania-Fontanarossa Airport in Sicily.
NEINVER has welcomed 100,000 visitors to Silesia Outlet in Gliwice, Poland, during the first week since the opening of the centre on 27 March. The most popular day was Sunday with nearly 19,000 visitors.
Yet another country was added to the JYSK world map, when the first store in Cyprus opened in Nicosia Mall on April 6,2019.
The LVMH group's brand, Sephora, which is present in 5 out of 6 Wereldhave shopping centres in France, covering nearly 2,000 sq m, is re-engaging for a 10-year period. Sephora is the market leader in beauty products in France and is present at Côté Seine in Argenteuil, Docks 76 and St Sever in Rouen, Mériadeck in Bordeaux and Rivétoile in Strasbourg.
The first store of the French chain Decathlon with an area of 2500 sq m was opened in Kiev in Retail Park Petrovka, on Stepana Bandery Avenue, 15-G.
Schiphol Airport Retail, a joint venture between Gebr. Heinemann and the Royal Schiphol Group, officially revealed the new look of its Exquisite Shop in Amsterdam’s International Airport after major renovations.
intu, the largest owner and manager of prime shopping centres in the UK, is pleased to announce the appointment of Matthew Roberts as Chief Executive with effect from Monday 29 April 2019.
EPISO, an opportunity fund advised by Tristan Capital Partners, in partnership with Addington Capital, have sold a 4.5-acre residential site with consent for 447 units to Strawberry Star Homes. The site is alongside the joint venture partners’ Harvey Shopping Centre in Harlow, UK.
Trei Real Estate GmbH (Trei), a developer with over 10 years' experience on the Polish commercial real estate market, is rapidly developing a network of convenience retail parks. The company, part of the German Tengelmann Group, has now opened its 11th Polish retail park, operating under the Vendo Park brand, in Bytów. This is the developer's first investment in the Pomerania region. The total cost of investment was approximately EUR 4 million.
Pineapple, the iconic clothing and dancewear brand renowned for its rich association with Covent Garden, has relocated its UK flagship store to a more prominent position at 8 Mercer Walk, part of The Mercer’s Company’s estate.
Deka Immobilien GmbH has acquired a retail park in Sweden for around EUR 70 million. Aberdeen Standard Investments European Real Estate Club II sold the property, which will be added to the portfolio of the WestInvest TargetSelect Shopping sector fund for institutional investors.
The retail and shopping center experts from CMde Centermanager und Immobilien GmbH are now responsible for the center management, property management and leasing of the Lenné Passagen in Frankfurt (Oder), Germany.