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PATRIZIA AG, the global partner for pan-European real estate investment, announces the sale of a portfolio of seven retail properties in Germany to Captiva, a German real estate investment company, for EUR 96 million.

Paris Real Estate Week (14 to 17 September) unveils its initial programme comprising debates, conferences, Awards and an exhibition area that will address key topics in property, city agendas, and innovation.

Or will we keep hiding behind our contracts? A discussion with landlords and tenants.

Neinver has appointed Stephan Fickl as the company’s new Group Leasing Director. He assumes responsibility for this area of the group at the international level and reports directly to the Managing Director.

Unibail-Rodamco-Westfield partners with Bureau Veritas to label its shopping centres for Hygiene, Safety and Environment.

Thomas Wels will be responsible for the development of PATRIZIA’s growing and diversified platform business and support the expansion into new business areas and international markets.

Ingka Group has joined an alliance of 180 political decision-makers, business leaders, trade unions, NGOs, and think tanks for a renewed commitment by all stakeholders to address the social and economic consequences of the coronavirus outbreak, in addition to the long-term climate change initiatives.

As a sign of solidarity with all employees, and with the full support of the Supervisory Board of URW, the Group CEO, Christophe Cuvillier, the Group CFO, Jaap Tonckens, and all members of the Group’s SeniorManagement Team have taken the initiative to reduce their remuneration by -25% for the period during which the partial activity measures will be in place.

Despite continued strong growth in recent weeks in the webstores of Stockmann and Lindex, the online sales growth cannot compensate for the drastic decline in customer volumes in the current exceptional situation.

Representatives of the shopping and entertainment mall development industry addressed a collective open letter to the authorities to initiate an urgently needed dialogue regarding consolidation of actions.

Requests for funding are being submitted to the German Reconstruction Loan Corporation. Allegedly in the amount of 2 billion euros.