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Multi Corporation announces the departure of Josip Kardun as CEO, effective November 1, 2019. Josip Kardun was appointed to the Management Board in 2017 and after two and a half years at Multi wishes to step down to pursue personal business interests.

In Western Europe, where retail park development has reached maturity, new schemes have to be innovative and compelling. In Central and Eastern Europe (CEE), the market is relatively undersupplied, providing scope for increased levels of development activity. These are the findings of a recent study conducted by Cushman & Wakefield.

The Austrian company already opened three movie theaters in the Southeast European country, with more to follow.

Helsinki Outlet, which is due to open soon, was developed and will be operated by Fortus AS, which has a wealth of experience in outlets across Europe.

Axel Drwenski will take up the newly created post of Head of Research at KGAL. He and his team will analyse and evaluate all the markets and asset classes – predominantly Real Estate, Infrastructure and Aviation – that are relevant to KGAL.

Retail parks were long considered a necessary evil. However, their image changed drastically as they defy online retail due to their function as local suppliers. They now have the full support of customers, tenants, and investors.

“In our view the residential market is complementary to retail real estate, and combining them in a balanced way will only add to the strength of a location. In that sense, mixed-use developments tie in nicely with our retail background.”