ACROSS | The European Retail Real Estate Magazine

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PATRIZIA Multi Managers – the new name for Sparinvest Property Investors

PATRIZIA Immobilien AG announces that the Copenhagen-based fund of funds manager that it acquired in October 2017, Sparinvest Property Investors, has been renamed as PATRIZIA Multi Managers (PMM) now that it has been integrated into the PATRIZIA group.

While the name is new, the core objective remains: offer existing and new clients attractive real estate investment opportunities via the best-in-class local operating partners across Europe, Asia and the Americas.

Mads Rude, Managing Director of PATRIZIA Multi Managers. Image: PATRIZIA Immobilien AG

In addition, and as a result of founding partner Bo W. Jensen’s health issues and hence desire to move on to other tasks, Mads Rude has been appointed as Managing Director of PATRIZIA Multi Managers with effect from 1 January 2018.

Mads is a co-founder of PMM and has been a key part of the company’s success since its establishment in 2005. Together with the other senior executives Kresten Dahl Juelner (Head of Investments Americas), Marko Multas (Head of Investments Asia) and Mads Peter Grønkjær (Head of Finance), Mads’s appointment will ensure business continuity. The search for a new director of European investments, the role previously held by Mads Rude, has already commenced.

Bo W. Jensen will continue to be associated with PMM in an advisory capacity and through his position on the PMM board.

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INGKA CENTRES (FORMERLY IKEA CENTRES) LAUNCHES HANDS-FREE SHOPPING IN RUSSIA

Ingka Centres, formerly IKEA Centres, has launched Hands-free Shopping at three of its MEGA branded Russian shopping malls. It is thought to be the first time the service has been brought to multiple retail destinations of this size in Russia, and reflects Russian consumer demands for convenience, quality service, and time saving in a more omni-channel world.

Arena Mall is transforming, becoming a landmark shopping and entertainment destination for Bacau

Romania: Arena Mall shopping center in Bacau, a reference for the retail market in the Moldova region, will enter into a comprehensive extension and modernization process that will result in a 60% increase of its leaseable area and in the construction of a multi-storey car park.

Excellent retail investment performance and an influx of new brands

Poland: JLL advisory agency summarizes the situation on the retail market at the end of Q3 2018.

Seasalt brings Cornish style to The Mall at Cribbs Causeway, Bristol

UK: The joint owners of The Mall at Cribbs Causeway, intu and M&G Real Estate, have announced that Seasalt Cornwall and Schuh Kids will be the latest new brands to join the centre, while specialist holiday operator TUI confirms an expansion.

SOLIDARITY DAY @ CARROUSEL DU LOUVRE

As part of the Solidarity Day initiatives, on 19 September 2018, a 50-strong group of Unibail-Rodamco-Westfield employees gathered in Paris for a day of giving back, dedicating their time and energy to an association supported by Carrousel du Louvre – one of Unibail-Rodamco-Westfield’s shopping centres.

KLÉPIERRE HOLDS INVESTOR DAY IN THE NETHERLANDS

Klépierre is holding its Investor Day in Amsterdam and Utrecht today.