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Search Results for: center – Page 116

HUNGARY WITHOUT SHOPPING SUNDAYS

Legislation forcing all retail shops to close on Sundays entered into force in Hungary on March 15, 2015; most shops are forced to close on Sundays and at night.

UNPRECEDENTED TIMES FROM AN INVESTOR APPETITE PERSPECTIVE

The Savills’ “UK Shopping Center and High Street Bulletin, Q4/2014” notes intense activity in the country’s market with increased investor activities and demand for the sector. This trend is expected to continue into the medium term.

ORION SELLS PLENILUNIO FOR €375 MILLION

Investment Fund Orion Capital Managers have agreed to sell Plenilunio, one the major prime shopping centers in Madrid, to French Company Klépierre. Opened in 2006, the mall is strategi-cally located in the east of the city with no competition.

NEWS FROM THE PALLADIUM

Hannover Leasing has sold a majority stake in the largest urban shopping center in the Czech Republic, the Palladium in Prague. The transaction basis is real estate worth about €570 million. The seller was a holding company for which Hannover Leasing acquired the property and took over asset management. The buyer is Union Investment of Hamburg.

UNIBAL-RODAMCO SELLS NOVA LUND

TIAA Henderson Real Estate (TH Real Estate) has exchanged contracts for the acquisition of the Nova Lund shopping center from Uni-bail-Rodamco for €176 million.

RETAIL PARKS: SUSTAINABLE INVESTMENT OR HYPE?

Retail parks are currently a hot topic of conversation: The retail format is increasingly the first choice among retailers and consumers and investors are now following suit. GfK retail expert Manuel Jahn explores why retail parks constitute a sustainable investment with genuine substance.

ATRIUM COMPLETES ACQUISITION OF FOCUS MALL

Atrium European Real Estate Limited, a leading owner, operator, and developer of shopping centers and retail real estate in Central and Eastern Europe, has announced that, further to its announcement on October 6, 2014, it has completed the acquisition of Focus Mall in Bydgoszcz, Poland, from Aviva Investors for €122 million.

SIERRA FUND AND CBRE RETAIL PROPERTY FUND IBERICA SELL LA FARGA

Sierra Fund (a pan-European retail fund in which Sonae Sierra has a stake of 50.1%) and the Retail Property Fund Iberica (RPFI), which is managed by CBRE Global Investors, have sold the La Farga Shopping Center (Hospitalet de Llobregat, Barcelona) to Temprano Capital Partners.

BALMAIN ASSET MANAGEMENT WITH NEW MANAGING DIRECTOR FOR CEE

Ewa Szafranska-Madry has been appointed Managing Director at Balmain Asset Management CEE in Warsaw. In her new function, Ewa Szafranska-Madry will be responsible for the development of the company’s property portfolio in Central and Eastern Europe.

OUTLET SHOPPING: ARE YOU IN OR OUT?

A new breed of outlet shopping malls is emerging. Outlets that no longer sit on the periphery of city life but exist at the heart of an urban development complementing retail parks, shopping centers, and high streets alike. For example the London Designer Outlet.

A VIADUCT AS A NAMESAKE

Southern France will soon have a new shopping destination. Viaduc Village, developed by Etche France Group, will welcome customers from the beginning of 2016.

HAMMERSON AND ITS PARTNERS ACQUIRE EUROPEAN PORTFOLIO

Hammerson and its partners in VIA Outlets, APG, Meyer Bergman, and Value Retail, have acquired three further centers for their newly created venture established to take advantage of further growth in the European outlet sector. Purchased from The Carlyle Group, the Freeport Portfolio of outlets includes Alcochete in Portugal, Kungsbacka in Sweden, and Excalibur in the Czech Republic.

TWENTY NEW STORES IN 2015

The Polish clothing chain “50 Style,” owned by Marketing Investment Group, is on an expansion drive.

20 YEARS OF MAPIC – LOOKING BACK AND FORWARD

It was the usual framework: Sunshine; the laid-back the historic old town; the vibrant, busy life of southern France in the midst of November; the dark-suited businessmen meeting in the Palais de Festival or in the many restaurants and bars of Cannes. It was the 20th MAPIC, the retail real estate fair, in November 2014.

“ANYONE WHO SURVIVES A STORM COMES OUT STRONGER”

The Italian brand EYE Sport operates in the problem markets of Spain and Greece, among other places. In an interview with ACROSS, CEO Alessandro Ariu explains what he and his business partners have learned from the crisis.

CITYFIT PLANS 50 FITNESS CLUBS IN POLAND

Nicholas Moses, Managing Director of CityFit, says that shopping centers and retail parks will play a central role as locations in this expansion. He opened the first fitness studio in Plaza Rzeszow in May.

LEASING VERSUS COMMERCIALIZATION: FOES OR ALLIES?

Some developers consider commercialisation as part of the leasing activity although commercial leasing per definition means the longer term rental contracting of leasable premises which are defined as GLA of a commercial asset.
Commercialisation (or Speciality Leasing) however, specifically focuses on generating income from non-GLA areas and for shorter periods, typically within twelve months.

WHERE ARE WE GOING? THINKING ABOUT THE FUTURE

At the start of each year, the members of the Coverpoint Team, part of the JLL Group, put their heads together and spend time identifying and classifying the most important foodservice trends for the next five years.

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F&B INSIGHTS BY WILL ODWARKA
An exclusive collection of columns and video discussions by Will Odwarka, founder and CEO of Dubai-based firm Heartatwork Hospitality Consulting, and Jonathan Doughty, a leading professional in both the foodservice and commercial property industry, on the topic of F&B and Placemaking.
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