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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Retail properties: German financers, operators and investors optimistic about the future

German financers, operators and investors in retail properties are optimistic about the future in a dynamically changing segment, despite challenging conditions. This was the conclusion of the expert discussion “upheaval in the retail sector – prospects for retail properties”, which was held yesterday at HSH Nordbank in Hamburg.

Levi Roots addresses retailers at Meadowhall

Award-winning entrepreneur and celebrity chef, Levi Roots, addressed retailers and local businesses on 17 September at Meadowhall, as part of Welcome to Yorkshire’s ‘Start up to International Brand’ Retail Masterclass.

Expansion of integrated leisure offer boosts trading and attracts new brands to Springfields Outlet

Following 13 consecutive years of revenue growth since opening in 2004, Springfields Outlet has reinforced its position as the leading shopping and leisure destination in the East of England with a significant rise in both like-for-like footfall and revenue over the school summer holiday period.

Silverburn strengthens leisure offer with Fun Street signing

Hammerson has announced a debut for new children’s leisure concept, Fun Street, launching at Silverburn, Glasgow’s leading retail and leisure destination. The new 12,000 sq ft site is due to open in Summer 2019.

BERSHKA SIGNS FOR EXCLUSIVE WELSH STORE AT ST. DAVID’S

The St David’s Partnership, owners of St David’s in Cardiff, one of the UK’s premier retail and leisure destinations, has revealed that international fashion label, Bershka, has selected St David’s for a new 11,190 sq ft store, a first for the brand in Wales.

10TH GERMAN RETAIL WAREHOUSES SUMMIT, NOVEMBER 5 – 6, 2018, DÜSSELDORF, GERMANY

The two-day event will take place on November 5 - 6 at the Van der Valk Airporthotel in Düsseldorf.