ACROSS | The European Retail Real Estate Magazine

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GTC DISTRIBUTES ITS M-SERIES DIVIDEND SHARES

Thomas Kurzmann, GTC’s CEO. Image: GTC

On its path of growth, GTC announces that it has paid dividend of 0.33 PLN per share.

Eligible investors are recommended by the Management Board to subscribe for dividend in the form of shares. 4 funds holding 73% of GTC share capital have elected to receive shares and subscribed for 13.233.492 M series shares.

“We managed to secure attractive value for our shareholders thanks to our self-propelling growth, including expansion of our portfolio and strong refinancing activity in 2017. We are very satisfied that major shareholders decided to reinvest their dividend proceeds into new shares benefiting further from the growth that we offer. With acquisition of the Mall of Sofia in April this year and realization of the development pipeline, our FFO further increases and we are confident to provide additional dividend capacity by the end of 2018”,  said Thomas Kurzmann, GTC’s CEO.

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Warburg-HIH Invest acquires a portfolio of five local convenience centres

Warburg-HIH Invest has acquired a portfolio of five local convenience centres with a gross lettable area of around 43,000 sq m for its “Perspektive Einzelhandel: Fokus Nahversorgung” investment fund.

MICROSOFT AND M&S LAUNCH STRATEGIC PARTNERSHIP

Partnership will investigate and test the capabilities of technology and artificial intelligence in a retail environment.

LAGO shopping centre wins German Brand Award

The LAGO shopping centre, which is managed by Prelios Immobilien Management and is part of Union Investment’s open-ended property fund “UniImmo: Global”, took home the German Brand Award in the category “Trade, Retail and e-Commerce” once again in 2018.

Unibail-Rodamco-Westfield submits building application for new shopping center in Osnabrück, Germany

“Oskar” on Osnabrück Neumarkt is scheduled to open at the end of 2020. A total of around 130 million euros will be invested into the new building.

Ted Baker Appoints Cushman & Wakefield and COMFORT for German Store Expansion

Cushman & Wakefield and German leasing partner COMFORT have been appointed by Ted Baker to source new store locations for the British fashion brand as it expands its presence in Germany.

AFI Europe appoints Doron Klein as the CEO of its operations in Romania

AFI Europe Romania, a leading real estate development and investment company, present on the local market since 2005, is pleased to announce that Doron Klein will take over the leadership of the company, starting July.