THE LATEST PLACEMAKING NEWS

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Patron and Trei start €140 million joint venture to develop retail parks in Poland

Patron Capital and Trei Real Estate have formed a new 75:25 joint venture to develop and hold retail parks in Poland under the Vendo Park brand. The partners plan to invest approximately €140 million over the next three to five years, with an initial target of between 15 and 20 Vendo Parks in regional Polish cities.

Retail Park Report 2021: One-Stop-Shopping instead of One-Shop-Stopping

MEC and its partners Real Estate, Savills Germany, Dr. Lademann & Partner and WISAG published the 9th edition of the Retail Park Report “About Tomorrow–Retail parks in the city of the future”. The key finding: Sustainable and cross-asset-class strategies are needed to develop cities and rural areas for the future as urban neighborhoods and surrounding areas gain in importance.

Mallson’s MultiBox retail park opened in Szamotuły, Poland

The official opening of a retail park from the MultiBox chain took place last week. The facility is located in one of the main streets of Szamotuły, near the old town.

GTC Hungary promotes Ede Gulyás to Country Manager

Globe Trade Center announces the promotion of Ede Gulyás to the position of County Manager, Hungary.

Trafford Center in Manchester is the new home for Kenji flagship store

Japanese-inspired lifestyle brand Kenji has chosen Manchester’s Trafford Center for its new 4,000 sq ft flagship store, open now. The store is the first to feature an on-site sushi-to-go bar, offering freshly made sushi every day.

OUT NOW: NEW ISSUE „MAN MUST EAT”

OUT NOW - LATEST ISSUE! +++ MAN MUST EAT: The (increasing) importance of food anchors for the placemaking industry

Scallier’s Focșani retail park opens on November 11

The center is to comprise 5,000 sq m GLA, of which 100% has already been leased, and is Scallier’s second retail park to open in Romania after Roșiorii de Vede (6 200 sqm GLA) opened in September.

Ukrainian Ocean Mall in Kyiv has announced its opening date

The new 300,000 sq m shopping mall developed by Mandarin Plaza will be connected with the existing Ocean Plaza, joining a number of stores with over 800 lots. The doors are set to open in the second quarter of 2022.

When there’s a will, there’s a way: The path to net zero carbon retail real estate

“Our addiction to fossil fuels is pushing humanity to the brink. We face a stark choice: Either we stop it–or it stops us. It’s time to say: enough.”

UK retail footfall numbers in October provide optimistic outlook

Noticeable improvement in footfall to -13.4% lower than in 2019 compared with -17.4% in September is hugely encouraging and in line with Springboard’s forecast for Q4 of 2021.

Balfin Group’s East Gate Mall celebrates opening in Macedonian capital

On October 29, Balfin Group’s third shopping mall in the Western Balkans region, East Gate Mall, opened its doors to the public in Skopje.

Ingka Centers opens sixth mixed-use meeting place Livat Nanning in China

The new meeting place has been created within the existing IKEA store following a €130m (RMB 1bn) redevelopment to create almost 18,500 sq m GLA of sustainable mixed-use space across five levels.

MAPIC 2021: Focus on new trends and new players in the retail industry

The MAPIC will take place from November 30–December 2 in the Palais des Festivals in Cannes. Nathalie Depetro, MAPIC shows Director, tells us about the new and exciting changes to this year’s edition.

TORG International joins forces with Village Groupe to enter Indian outlet retail space

TORG International has signed a joint venture with Village Groupe to enter the Indian outlet market with a portfolio of a dozen sites.

LCP acquires Shelly Shopping Center in Solihull, England

LCP has acquired another retail parade, adding a shopping center in Solihull, in the West Midlands in England, to its burgeoning portfolio.

Palace Grounds Retail Park in Hamilton announces two new tenants

German-owned discount supermarket Aldi will open a new branch at the retail park later this year with discount store Home Bargains set to arrive in early 2022.

Mitiska REIM opens sustainability frontrunner retail park in Belgium

Mitiska REIM has announced the opening of Malinas today, a highly sustainable retail park located in the city of Mechelen which has been designed to be CO2 neutral and to achieve an ‘Excellent’ score on the BREEAM scale.

Colosseum Mall in Bucharest to inaugurate its expansion next spring

The opening previously planned for the end of this year has been postponed due to coronavirus infection rates and emergency law responses.

Sonae Sierra´s recently launched German Food Retail Fund acquires 5 supermarkets

The acquisition of 5 supermarkets operated by leading operators Aldi, Rewe and Netto is part of Sonae Sierra’s strategy of growing its European investment management business.

First-ever decarbonization roadmap for retail real estate: a promising start to intensified sectoral collaboration

“It’s high time for both the retail property sector, construction, financial institutions, tenants and policymakers to step up efforts to intensify collaboration, and BPIE’s roadmap is a promising start. This collective vision sends out a clear message that the sector is ready to take action”