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The Czech retail market and physical retail segment remain attractive for retail brands, as the arrival of 38 new international brands last year confirms: this is the highest number in the last three years.

The project is developed by HG Invest in cooperation with FOC Retail Service GmbH and Outlet Evolution Services. On an area of more than 20,000 sq m, 70 shops and several hundred new jobs will be created in two phases. Its first phase will be opened in 2023, phase two is scheduled for 2026.

After months of speculation in London about who would acquire the iconic Oxford Street department store, the deal is now sealed: Thailand’s Central Group and Austrian investor René Benko’s real estate group Signa Holdings have bought Selfridges Group for around four billion pounds. Central and Signa will each acquire 50 percent of the luxury department store group.

IPH Handelsimmobilien GmbH is strengthening its transaction lineup with the appointment of Jürgen Kreutz (56) as Managing Director Transactions. In this leading position, he will expand the group’s transaction business nationwide and with his experience in the high-street segment, his focus is on inner-city retail locations.

Following its market entry in Italy, Immofinanz is continuing the expansion of its STOP SHOP retail park brand in the Adriatic region. In Croatia, the number of retail parks is to be increased from currently four to more than 20 locations in the medium term.

Altera Vastgoed NV has purchased the Brouwhorst neighbourhood shopping center in Helmond. The object is an open-air convenience center servicing the local community and was built in 1987. It consists of six blocks and was partially renovated in 2015.

MK Illumination records strong growth for 2021 not only in its home markets, but worldwide. The Tyrolean company is writing the most successful year in its history with sales of €140 million in 2021.

Lendlease has announced the signings of e-sports café Wanyoo, Taiwanese tea specialists YiFang, and restaurant & bar Oisoi, which have taken an inter-connected unit spanning over 557 sq m, and will be joined at Elephant Park by sushi and hot food outlet Kokoro.

CBRE Investment Management, on behalf of the European Co-Investment Fund (ECF), has sold BIG Shopping Park in Copenhagen, owned in a joint venture with Portus Retail Partners to M&G Real Estate–part of M&G plc’s £65 billion private assets and alternatives business. The sale represents one of the largest European single-asset retail transactions.

The global clash of digitalization and the pandemic is shaping the economic development of the 20s of this century. It has also led to profound structural changes of historic proportions. The consequences for retail and its accompanying services are equally dynamic and controversial. Food purchases at brick-and-mortar stores increased by 10 percent or more across Europe in 2020 as a result of the pandemic. At the same time, purchases of consumer durables, such as clothing, home electronics, home accessories, toys, sports, and leisure items increasingly shifted from offline to online retail.

During the pandemic, Kaufland’s more than 1,350 large supermarkets established themselves as reliable and footfall-generating food anchors in the European shopping plaza landscape. In an in-depth interview with ACROSS, Dr. Angelus Bernreuther, Head of Institutional Investor Relationship Management and Real Estate at Kaufland, describes the success strategies that lead to a win-win alliance between shopping places and their anchor tenant Kaufland:

European experts comment on the synergy between shopping centers and food anchors, their developments and benefits.

Deutsche Immobilien Group (DI Group) welcomes EDEKA as new tenant at its property in Dülmen (NRW). The food retailer, which has signed a long-term lease, will take over the 9,346 sq m space on November 30.

Revetas Group has shifted its entire portfolio of assets in Romania to renewable energy as a continuation of the company’s commitment to ESG practices to support the collective efforts of reducing the impact buildings have in local communities.