THE LATEST RETAIL REAL ESTATE NEWS

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FRANCHISE EXPO PARIS

The Franchise Expo Paris is scheduled to take place from March 17 to 20, 2019 at the Porte de Versailles in Paris.

ECE is expanding its “Heavenly Service” to over 100 centers in five countries

ECE has once again significantly expanded its Christmas season service campaign, “Heavenly Service,” this year.

Paula Hay-Plumb reappointed to The Crown Estate Board

The Crown Estate is pleased to announce that Paula Hay-Plumb has been re-appointed, by Royal Warrant, to serve a second term as a Crown Estate Commissioner, subsequent to the expiry of her current warrant on 31st December 2018. Her new term will commence on 1st January 2019 for a period of four years.

Queen Elizabeth 2: umdasch designs retail space on historic cruiser

umdasch The Store Makers manufactured the equipment for the 400 square meter retail space on the cruise liner. The solid concept comes from Retail Concepts Design, Dubai.

Newsec Advises on the Sale of a 89,000 sqm Retail Portfolio on Lease to Silvan

Newsec Advisory was in early 2018 appointed by the previous owner of Stark Group (previously DT-Group), Ferguson plc, to advise on the valuation and strategic exit opportunities of their property portfolios in Denmark, Norway, Sweden and Finland.

Ramphastos Investments Completes its Acquisition of HEMA

Following the recent approval by the Dutch Authority for Consumers and Markets (ACM), Ramphastos and HEMA have announced today that the acquisition of HEMA has been completed. HEMA can now fully focus on its strategic plans for the coming years. The aim of these strategic plans is to further drive HEMA's growth and the reduction of its debt. More details will be announced in the spring of 2019.

Primark opens new flagship store at intu Merry Hill

Primark has substantially enlarged its intu Merry Hill store by more than 70 per cent, as the retailer extends its flagship store into the former BHS unit.

Morphe opens first store outside London at Bullring

Hammerson has announced that US beauty retailer, Morphe Cosmetics, has officially opened its first store outside London and second in the UK at the Bullring, Birmingham’s iconic shopping destination.

HBC AND SIGNA COMPLETE COMBINATION OF HBC EUROPE AND KARSTADT

HBC and SIGNA announced the successful completion of the combination of HBC Europe and Karstadt Warenhaus GmbH’s retail operations and the formation of the companies’ real estate joint venture, enabling them to create a leading omnichannel retailer.

Concierge Service Launched to Support Small Retailers Opening in London’s West End

A Retail Concierge Service has been launched by central London landowner Grosvenor Britain & Ireland to ease the passage of smaller, independent retailers and start-ups in taking physical space in the capital’s retail heartland.

IMMOFINANZ WITH EARNINGS JUMP AFTER THREE QUARTERS: NET PROFIT RISES TO EUR 135.0 MILLION

IMMOFINANZ has remained on a sound course in the 2018 financial year: In the first three quarters, the results of operations more than doubled year-on-year to EUR 149.7 million (Q1-3 2017: EUR 66.2 million), sustainable FFO 1 from the standing investment business rose by 100.0% to EUR 63.0 million or EUR 0.57 per share, and net profit turned positive with a significant increase to EUR 135.0 million (Q1-3 2017: EUR -59.1 million). That represents basic earnings per share of EUR 1.23 and diluted earnings per share of EUR 1.14.

MIPIM, MARCH 12 – 15, 2019, CANNES, FRANCE

Over the past 28 years, Mipim has become the leading worldwide property event, bringing real estate professionals from all sectors together.

Futureal Group exits Romanian retail project ParkLake shopping centre

Futureal Group has exited its 19 million euros mezzanine financing provided to Caelum Development for the development of ParkLake shopping centre in Bucharest, Romania.

KLÉPIERRE’S FIRST PUBLIC CAMPAIGN TO ACT FOR GOOD®

In the context of its CSR policy and as part of European Waste Reduction Week, Klépierre has announced the results of its first #ActForGood campaign to raise public awareness about the circular economy.

Echo Investment presents very good results for the third quarter of 2018

Brand new residential and office projects, the sale of the Sagittarius office building in Wrocław, the opening of Libero in Katowice, the sale of the last tranche of EPP shares, the placement of PLN 50 million of bonds for individual investors and the advance dividend announcement – all the work done by Echo Investment from the beginning of the third quarter with excellent results. The developer achieved PLN 158 million of net profit since the beginning of the year and enjoys a stable financial position.

Nils Peters is new Head of Commercial Property Management at Prelios Immobilien Management in Germany

Prelios Immobilien Management, a leading specialist in the management of commercial and retail properties in Germany, has gained Nils Peters as the new head of its Commercial Property Management division.

CHAPMAN TAYLOR DESIGNS NEW SPEKTRUM CENTRE IN PRAGUE

Chapman Taylor has created a design for the new Spektrum shopping centre in Prague’s Čestlice district.

TLG IMMOBILIEN sells a portfolio of 15 small retail properties for over EUR 20 m

At the end of last week, TLG IMMOBILIEN AG signed off on the sale of a portfolio comprising 15 small retail locations in Saxony, Saxony-Anhalt and Thuringia.

Surge in automotive pop-up stores this festive season as intu signs five global brands

Customers heading to many of intu’s popular retail and leisure destinations over the festive period can add a new car to their Christmas shopping list as five global brands sign up to open their latest pop-up stores.

H&M group streamlines and focuses on core business – Cheap Monday to be closed down

The fashion industry is in a period of extensive change as a result of ongoing digitalisation. At the same time the H&M group’s transformation work is continuing at a fast pace, with the company prioritising and focusing on its core business.