Citycon announces several new municipality tenants to help serve the local community
During the first half year of 2020, Citycon has signed or agreed long term leases with municipality and health care tenants across the Nordics for a total of 10,900 square meters.
“We are happy to be able to provide accessible public services to make people’s everyday life easier. By diversifying our offering to the customers with more service, we create service destinations and secure a steady customer flow to our centres. These are long term tenants and a significant part of our Citycon strategy”, says F Scott Ball, CEO at Citycon.
Citycon’s strategy focuses on locally optimized urban hubs and a tenant mix which is heavily grounded on municipality and grocery anchor tenants to bring resilience to the portfolio. This is reflected in a fast recovery of footfall since the outburst of the pandemic, with 95 percent of the shopping centre visitors having already returned.
Realm has grown its leasing team with the appointment of Caroline Helyer as leasing manager. Caroline will be working across several of Realm’s schemes – including Dalton Park, Milsom Place and Bedford Riverside – where she will be leading initiatives to secure new retail lettings and lease renewals, as well as enhance the customer shopping experience and F&B offering across the portfolio.
Hamburg-based large-scale retail property specialist redos Group has acquired the Äppelallee-Center in Wiesbaden near Frankfurt. The purchase was made on behalf of the special AIF "Redos Einzelhandel Deutschland III".
The Italian brand PINKO will open the second store in Ukraine in Ocean Plaza shopping mall. The exclusive distributor of the brand is ARGO. The new store with an area of 160 sq.m. will open its doors on the first floor in May. A wide range of women's clothing, shoes and accessories will be presented.
NewRiver is pleased to announce that its joint venture with BRAVO Strategies III LLC in which it holds a 10% stake has exchanged contracts to acquire The Moor, a 28 acre estate in Sheffield city centre, from CEP ASI UKPF Nominee 1 Limited and CEP ASI UKPF Nominee 2 Limited, for total consideration of £41.0 million, representing a capital value of £60 per sq ft.