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Tomasz Trzósło becomes CEO of EPP

EPP’s general meeting of shareholders has today approved the appointment of Tomasz Trzósło to the position of CEO of the largest owner of retail real estate in Poland. The company’s Board of Directors announced it will nominate Tomasz Trzósło to this post in December 2019.

People in move

Recruitments, promotions and appointments…

The consequences of the lockdown

“Now, ULI Europe’s latest report, ‘Reshaping Retail–Accelerating Change’, forecasts that the impact of Covid-19 will accelerate the restructuring of the retail property sector, even more so in the United Kingdom.”

A time of regulations and restrictions

Covid-19 has presented property owners and developers with unique challenges, and for Atterbury Europe that is compounded by having operations in three different territories: Romania, Cyprus, and Serbia. Asset manager Vlad Valcea gives some insights into the Company’s strategy.

New job for Kurt Müller

The 36-year old is the Center Manager of Forum 1 Salzburg by SES Spar European Shopping Centers.

Neinver certifies all its centres against Covid-19

The certifications are part of the “Shop Safe, Stay Safe” programme, an initiative the company has launched throughout its European portfolio. Neinver is committed to minimising the risk of Covid-19 transmission in the centres it operates

PATRIZIA sells German DIY portfolio for EUR 96 million

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.

Launch of Paris real estate week in september

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.

Stricter financing conditions for retail properties

Business closures and rent losses in the coronavirus crisis have made banks even more cautious about retail properties and shopping centers. In the case of refinancing, portfolio holders have to calculate with higher interest rates and additional equity.

When managers waive their salaries

In light of the Covid-19 crisis, the management teams of several industry players express their solidarity with tenants and shareholders. The management board members of URW, Eurocommercial Properties, and Werelhave waive parts of their salaries or remunerations.

Remaining optimistic

However, according to Otto Ambagtsheer, CEO of VIA Outlets, the way in which customers shop will change, at least on a temporary basis. For example, in some of the company’s markets, they will not be able to let guests try on clothes before they buy them, and clothes that are returned will need to be quarantined for three days.

CEO PERSPECTIVES 2025 – When the Tenant Thrives, the Asset Flies
What will it take in 2025 for an asset to take off? For this special, we asked leading figures in the European retail real estate sector what they see as the most significant current challenges, as well as the solutions needed, for retail assets not just to survive but to prosper.
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