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REFINANCING FOR BONARKA CITY CENTER

ING Bank Slaski S.A. and ING Bank N.V. have jointly signed a €193 million term loan facility to refinance senior debt related to the Bonarka City Center shopping mall.

TLG IMMOBILIEN INVESTS IN BERLIN POWER CENTER

The German firm TLG Immobilien AG has acquired a retail park situated in Berlin-Adlershof (Treptow-Köpenick). The purchase price was €30.825 million. The seller was a property company supervised by Waypoint Real Estate GmbH (WPRE).

ALL NEINVER CENTERS ISO 50001 CERTIFIED

Neinver has obtained ISO 50001 certification from TÜV Rheinland for all its shopping and outlet centers. The company is the first European business in the retail real estate sector to have an energy management system that complies with the internationally recognized standards of the International Organization for Standardization (ISO).

NEW TENANTS FOR FASHION HOUSE OUTLET CENTER BUCHAREST

Founded in 1981 in Los Angeles, Guess is an American clothing brand and retailer that also markets accessories such as watches, jewelry, and perfumes. It will take a 161-sq-m unit in the Fashion House Outlet Center in Bucharest.

OUTLET CENTERS ARE ADAPTED TO REGIONS

According to Barbara Topolska, COO of Neinver, the company does not just build open-air centers. Instead, it develops “villages” that draw upon the tradition, history, and architecture of the place in which they are built.

SHOPPING CENTERS IN EUROPE – 50 YEARS OF CHANGE?

Shopping malls – in the form of bazaars or antique market halls – have been around for almost 2,000 years. It took until 1956, however, for the first “modern” integrated shopping mall (under one roof) to be opened – the Southdale Center in Minneapolis (USA).

CHRISTMAS DECORATION. HOW CENTERS BECOME PLACES OF HEIGHTENED EMOTION

If it is true that a shopping center has to be a distinctive brand, then it needs the right Christmas decoration. “Never from the catalog, never off the shelf” is First Christmas’s motto. The decoration specialist therefore produces no catalogs, instead featuring a large design department with interior designers, lighting designers, and set builders.

New Bond Street, London - the world's most expensive shopping destination | © Cushman & Wakefield

World’s Main Streets: London’s New Bond Street Rises to No. 1

Cushman & Wakefield’s new ‘Main Streets Across the World’ report places London’s New Bond Street at the top of the global ranking – ahead of Milan’s Via Montenapoleone and New York’s Fifth Avenue. The report also confirms broad-based resurgence of Europe’s prime shopping miles.

Carnaby Street lit by Christmas lights /// © CACI

CHRISTMAS LIGHT SWITCH-ONS INSPIRE SPEND SURGE, REPORTS CACI

Festive celebrations are proving to be a powerful driver of retail performance, according to new analysis from CACI, the data specialists focused on people and place. The company’s latest insights reveal that Christmas light switch on events significantly boost consumer spending, increase dwell time, and attract shoppers from a wider catchment area.

Amsterdam The Style Outlets, Netherlands /// © NEINVER

NEINVER reports solid Growth in Q3 Results

One of Europe’s key outlet players, NEINVER, shares strong performance in Q3 report across its entire outlet center portfolio. Overall brand sales results show an increase of 5% compared to last year’s data.

Palladium shopping center in Prague, Czech Republic /// © Union Investment Real Estate GmbH

Record Transaction between Union Investment and Reico Fund: Palladium Prague is Sold

Union Investment announced the profitable sales of Palladium shopping center in Prague, a landmark asset acquired for the UniImmo: Deutschland fund in 2015. The buyer is the largest real estate fund of REICO Erste Asset Management, making the transaction the largest commercial property deal ever recorded in the Czech market.