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M7 Real Estate, the pan-European investor and asset manager, announces the off-market sale, on behalf of M7 ISLAY, of a portfolio of 27 retail properties in Germany, to the FIM Unternehmensgruppe for €86.4 million.

The number of visitors to Germany’s retail locations in city centers, shopping centers and retail parks declined dramatically as COVID-19 took hold around the end of February. But Germany’s retail scene has been recovering since the end of the lockdown, although retail locations in mid-sized and especially smaller metropolises have fared significantly better than those in larger metropolitan areas. This is apparent in visitation frequency numbers, which GfK has been compiling since the beginning of this year.

How to shape the future!

Real estate investment manager ECE Real Estate Partners has set up a new preferred equity fund backed by a portfolio of three German neighbourhood shopping centres with a market value in excess of EUR 500 million.

Wereldhave has taken notice of FNG fashion group brands (Didi, Expresso, Miss Etam) filing for bankruptcy following the bankruptcy of parent company FNG Group in Belgium.

New urban district development scheduled for 2022 completion – KGAL Investment Management GmbH & Co. KG has acquired the Perlach Plaza development in Munich for 250 million euros.

The O2, the world’s most popular music, leisure and retail venue has announced the signing of global sports and entertainment company, TOCA Social, for a 30,000 sq ft site which will host the world’s first interactive football and entertainment venue.

MEC is repositioning itself to manage its current and future growth even more efficiently.

The franchise chain Barrique has been sharing its passion for good food and drinks with its customers for more than 40 years. Now, this concept is finally coming to Hamburg.

Summer sale started at Nailloux Outlet Village on July 15 and will continue throughout the summer holidays until Tuesday, August 11.

Ceetrus announces additions to its Board of Directors and Management at a global and local level, with the appointment of two new members. Antoine Grolin, 44, an international real estate specialist, has just been appointed Chairman of the Board of Directors of Ceetrus. On a national level, Séverine Bodard, with 20 years of experience in management, development and transformation of real estate, steps in as Director of Ceetrus Portugal.

The transformation of Madrid’s 123,000 sq m. Parque Corredor shopping center advances rapidly and first units have been handed over to Inditex Group. Zara, Pull & Bear, Bershka and Stradivarius stores to open after this summer.

Starting on October 1, 2020, Ivica Pavusek will be the new Head of Property, Maintenance, Purchasing & Sustainability (PMPS) at Unibail-Rodamco-Westfield (URW) Germany. In his new position, he will be responsible for all commercial and technical disciplines of the wide-ranging facility management sector at 23 German locations that are operated by URW.

designer outlets Wolfsburg invite their guests to experience their open-air beach area and herald the beginning of the holiday season with two sand sculptures that were built by sand artists.

Neucölln Carrée in Berlin changes ownership. Union Investment acquired the centrally located local supply center in Berlin’s Neukölln district (on the corner of Sonnenalle and Grenzallee) with a leasable of 13,364 sq m and 14 shop units for its institutional real estate fund.

The owner-managed RATISBONA Handelsimmobilien Group has realised almost 16,000 sq m of retail and commercial space in the first half of 2020.

Since March, IKEA Retail (Ingka Group) has supported over 600,000 people in 30 countries, whose lives have been impacted by the unprecedented coronavirus pandemic.

One ticket for three leisure destinations: Enjoy your summer at Autostadt, phaeno, and designer outlets Wolfsburg. On July 6, 2020, the erlebnisreif-partners Michael Ernst (Center Manager of designer outlets Wolfsburg), Claudius Colsman (Member of the Management Team of Autostadt Wolfsburg), and Michel Junge (Managing Director of Science Centers phaeton) launched two special trains in Hanover.

Commercial life begins anew at a tradition-steeped location: The former Brandt rusk bakery site is now the “Brandt Quartier”, the most modern retail park in the city of Hagen, which now will be operated by Deutsche Immobilien-Gruppe (the DI Group) for a fund run by Nuveen Real Estate.

The French bistro La Parisienne opens in September.