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PROJECTS, TRENDS AND STRATEGIES

LATEST TRENDS IN ASSET AND CENTER MANAGEMENT

MEC will continue to be responsible for the management of six retail locations in the KGAL Investment Management portfolio. In addition, the management of two further locations will be transferred to MEC. The two companies have now signed an agreement to continue and expand their existing partnership. With the management package transferred to MEC, the Düsseldorf-based retail real estate specialist operates over 130,000 sq m of lettable retail space for KGAL.

DEVELOPMENTS AND TRENDS IN THE OUTLET INDUSTRY

“Seville Fashion Outlet in Spain will enjoy an extension of 2,680 sq m which will create space for 17 major brands to be added to the existing roster of more than 70 stores.”

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STRATEGIES OF RETAILERS

NEINVER has begun the refurbishment of Las Rozas The Style Outlets, a landmark retail outlet center to the northwest of Madrid, owned by Neptune, a joint venture between NEINVER and TIAA, Nuveen’s parent company. The 3-million-euro renovation project will update the center inside and out, transforming it into a more modern and inviting space while remaining true to its trailblazing spirit as Spain’s first outlet center, established 29 years ago.

Designer Outlet Kraków is set to open its doors in May 2025, bringing an elevated outlet shopping experience to one of Poland’s most vibrant and fast-growing regions. Strategically located to serve both the city of Kraków and the entire Lesser Poland area, this new destination promises exceptional style, value and convenience—all under one roof.

Levi Strauss announced its financial results for the first quarter, with reported net revenues up 3%, organic net revenues up 9% and the Levi’s brand up 8% globally, exceeding previous estimates.

Following the insolvency of Görtz Retail GmbH, several stores have to be closed, among them the 5,000 sq m flagship store in Hamburg as well, for which no interested party has been found.

RETAIL TECHNOLOGY

PLANS OF INVESTORS AND OWNERS

Last year, City Aréna in Trnava, Slovakia, became the property of real estate developer Peter Korbačka. He and Sonae Sierra have recently signed a joint venture agreement to acquire three shopping centers in Spain for a total of EUR 485 million.

WHERE THE INDUSTRY MEETS