Given the current skepticism prevailing among the international real estate investment community, particularly regarding the retail real estate segment, it is important to try to identify its underlying reasons, separating the thoughtful ones from the more provocative ones.
The European General Data Protection Regulation (GDPR) will come into force on May 25, 2018. It harmonizes data privacy laws across Europe. Companies will be more accountable for their handling of people’s personal data and it will change how they handle information about their customers, their employees and their suppliers.
The retail real estate industry today is facing disruption from many sides. The digital revolution has been deep and widespread, generating ripples that include e-commerce, social media, and the rise of technology in every aspect of our lives.
VIA Outlets, the pan-European venture formed by APG, Hammerson plc and principals from Meyer Bergman and Value Retail, has signed an agreement to acquire Norwegian Outlet Oslo from family-owned Glastad Holding and Fortus AS for a net price of approximately 1.1 billion Norwegian kroner (c.€120 million).
ICSC awarded four winners in categories celebrating the best in Europe’s new developments, established centres, and refurbishments/expansions. Redevco, Unibail-Rodamco, Socri Reim, and SES Spar European Shopping Centres win big at ICSC European Shopping Centre Awards 2017.
Sonae Sierra, the international company dedicated to developing and service vibrant retail centred properties, was recently awarded with 3 prestigious European awards.
Pradera, one of Europe’s leading specialist retail property fund and asset managers, has completed the first acquisitions for the Pradera European Retail Parks SCSp, a Luxembourg fund which in March signed a EUR 900 million transaction with IKEA Centres to acquire 25 retail parks in eight European countries.
Recruitments, promotions and appointments in the European Retail Real Estate Industry: Atrium European Real Estate, Multi Corporation, Immofinanz, HB Reavis, TriGranit, Commerz Real, BNP Paribas Real Estate, Catella, CBRE Austria, Capital & Regional, Corpus Sireo, Grosvenior, Hines, JLL Germany, Northern Horizon, Strabag PFS, Valad Europe, Echo Polska Properties, and Revo.
As the economy improves, Grant Poje, Vice President of WhiteWater for the EMEAR Region, sees increasing demand for waterparks in Europe. The Vancouver-based company is targeting locations in shopping centers.
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