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And, according to Herman Jan Faber, Global Head of External Clients and Business Development at Redevco, metropolitan areas are in need of transformation. The company, which was founded two decades ago, is diversifying its portfolio and capture the opportunities that arise as cities evolve.

The Outlet City in Metzingen in the German state of Baden-Württemberg has added another attraction: the L’Osteria restaurant at the Enzian Höfe. In its role as the general contractor, umdasch The Store Makers led the project through the turbulent period of the pandemic, thereby allowing the restaurateurs to focus on their favorite task – providing hospitality.

Landsec and Invesco Real Estate have announced the launch of Gravity Active Entertainment, the dynamic leisure and entertainment company, within an 80,000 sq ft venue at Southside shopping centre in Wandsworth, London.

The Parisian luxury department store La Samaritaine was originally opened in 1869 and had been closed for 16 years. Now it is back open for business.

“We recognize that the traditional model for urban malls needs to evolve in the face of shifts in consumer habits, e-commerce growth, new technologies, urbanization, declining use of private transportation, and a localization of demand towards accessible services and environmental sustainability.”

Innovative independent businesses are rushing to sign leases in Wembley Park, London’s globally renowned entertainment district and 365-day neighbourhood, with two further deals made recently – including one that already has a space in the destination.

Prime asset offers 10,200 square meters of retail and restaurant space. With the acquisition of “Taborland” retail park in Steyr, Austria, KGAL Group is once again expanding its real estate portfolio in Austria. The property will be the subject to an open-ended Austria real estate special fund.

Recruitments, promotions and appointments…

On Friday, July 30, eobuwie.pl opened its first store in the Czech Republic in the Novy Smichov shopping mall in Prague. It is a debut on foreign markets and at the same time the beginning of the expansion of the international fixed-line network of the Polish company.

“Many people believe that commercial real estate projects should learn from theme parks and build upon the concept by planning events and other activities that make them even more of a destination than before.”

On this day, Ikea Westbahnhof Wien opens its doors after two years of construction. The new omnichannel store with its green facades is completely car-free. Among other things, a roof terrace offers a view over the Austrian capital.

YIT Corporation’s Board of Directors has appointed Tuomas Mäkipeska (43, M.Sc. in Economics) as YIT’s Chief Financial Officer and a member of the Group Management Team. He shall take over his position latest at the beginning of February 2022.

CBRE Global Investors announced the recent appointment of Adam Cummins, as the new Centre Manager at leading London leisure and retail destination, Angel Central. He joins the team at Lambert Smith Hampton, appointed by CBRE Global Investors as the managing agents for the destination.

The Howard de Walden Estate is pleased to announce that it has signed two new leasing deals – in addition to a significant extension for The Kooples – in Marylebone Village. The deals encompass brands across the retail sector, adding to the distinctive offering across the estate.