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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Polish retail market remains strong in 2017

Results comparable to 2016. 20 new foreign brands and over 330,000 sq m of shopping centre space delivered to market. Retail transaction volume exceeded €1.9 billion.

Cromwell Property Group signs 40-year lease at St John’s Shopping Centre in Leeds

Cromwell Property Group, the global real estate investment manager, has signed a 40-year lease with Q-Park, the leading European parking operator, on a 282-space multi-storey car park at St John’s Shopping Centre in Leeds.

The Premium Business Program at Christmasworld in Frankfurt

Top keynote speakers and networking opportunities to put you ahead on the knowledge front.

Orchard Street makes £35 million Hermiston Retail Park acquisition

Orchard Street Investment Management, the specialist commercial property investment manager, has acquired Hermiston Retail Park in Consett, County Durham on behalf of St James’ Place UK Plc for £35.31 million from Aviva Investors. The purchase price reflects a net initial yield of 6.25%.

Silverton appoints Oliver Burk as Senior Asset Manager

Oliver Burk, MRICS (44) is the new Senior Asset Manager at the Frankfurt-based Silverton Group.

Unanimous positive opinions from Unibail-Rodamco’s works councils regarding the Westfield acquisition

Pursuant to the announcement made on December 12, 2017, that Unibail-Rodamco SE has entered into an agreement to acquire Westfield Corporation, the Groups announce that Unibail-Rodamco has obtained the unanimous positive opinions of its works councils in accordance with Clause 2 of the Implementation Agreement dated December 12, 2017.