Credit: Rewe Group
Ticker

REWE International and LENTA LLC sign purchase agreement for BILLA Russia

BILLA Russia GmbH and Lenta LLC announce to have reached the terms of purchase for BILLA Russia. REWE International AG via its subsidiary BILLA Russia GmbH signs a purchase agreement for 100% shares of their companies BILLA OOO and BILLA Reality OOO in Russia. That comprises its full range business in Moscow Oblast with 161 supermarkets. The closure of the deal is subject to the approval of the Russian anti-monopoly committee.

REWE International AG is focusing on its international activities in EU markets. “Our strategic target is to achieve in all our markets a top market position and to make use of optimum synergy effects. Taking this into account we constantly examine and adjust our portfolio. The market situation in Russia, size, complexity and development of the retail market do not allow this despite significant investments. That is why we decided to concentrate on EU markets and pool our resources there. This is the logical next step in our full range CEE strategy and new positioning”, says Espen B. Larsen, responsible Board Member of REWE International AG for the full range CEE business unit.

BILLA has been operative in Russia since 2004 and is operating 161 stores in Moscow Oblast with more than 5400 employees – among them 300 in the headquarter and further 300 in logistics.  Jobs, stores and logistic sites will be taken over, the stores will be operated via the brand Lenta.

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

Waitrose appoints new Retail Director

The John Lewis Partnership announced that Tina Mitchell will join Waitrose as Retail Director.

Anette Simpson Appointed as Chair of ULI United Kingdom

The Urban Land Institute (ULI) has announced the appointment of Anette Simpson, director of development and partnerships, Legal & General Affordable Homes, as chair of ULI United Kingdom (ULI UK). She succeeds Vanessa Hale, director of research, BNP Paribas Real Estate, and will officially begin her voluntary two-year term on 1 July 2021.

Sonae Sierra avoided costs of €15 million in 2020 by implementing eco-efficiency measures

The Company has reduced its CO2 emissions by 84% since 2005 and electricity consumption by 66% since 2002.

Yardi Acquires We Are Forge Ltd to Further Expand Visitor Management Integrated with Access Control Capabilities

Yardi® announced the acquisition of We Are Forge Ltd (Forge), a Bristol, UK based software company, that specialises in visitor management and smart access control for a wide range of real estate asset classes including, office, retail, industrial, flexible workspace and the education sector.

Serravalle Designer Outlet goes beyond fashion with new state-of-the-art leisure concept

McArthurGlen is pleased to announce the official opening of "Play Land", a brand new 6,000 square metre leisure concept at Designer Outlet Serravalle that is dedicated to family entertainment. The 7 million euro attraction introduces a new state-of-the-art experiential element to the centre that further enhances the shopping experience for guests of all ages.

EXPO REAL: the network to meet again in Munich

Preparations for Expo Real 2021—to be held from October 11 to 13 at the trade fair center in Munich—run at full speed, opening a long-awaited perspective for the international real estate industry.