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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.

SIGNA will also begin to use communication formats on various channels and levels to provide information about the project, e.g. on Facebook, Twitter and Instagram under the identity “NOT WITHOUT YOU”, on a newly designed homepage at and with various events and activities.

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.

Grosvenor Europe is preparing to reopen Liverpool ONE, following the Government’s announcement allowing all non-essential stores to re-open from 15 June. The Liverpool ONE team has been working around the clock to ensure visitors will remain safe and assured at all times upon their return.

Shopping centers have been grappling with dwindling visitor numbers due to their online competition since before the coronavirus crisis. Now, many malls are facing an almost yawning emptiness. To ensure their survival, these shopping hotspots have to strike out in a new direction even faster than originally anticipated.

Covid-19 led to mobility restrictions throughout Europe, and the range of measures included the closing of shopping centers. In Estonia, where malls were closed for one and a half months, they have been reopened and visitor numbers are good, but it will take another three or four months to return to the former level, believes Guido Pärnits, CEO of the Ülemiste, the largest shopping center in Estonia.

In recent years, F&B has been hailed as the retail-centric development equivalent of a knight in shining armor; an offer that cannot be replicated online, that delivers customers an experience worth seeking-out and returning to time and again. The onset and impact of Covid-19 highlights the importance of a successful F&B strategy and the development of appealing F&B destinations that respond to how the customer of the future will shop day and night, and how mixed-use places are stitched together.

IMMOFINANZ started the first quarter of the 2020 financial year with strong operational performance: Rental income rose by 13.4% to EUR 74.0 million, above all due to the expansion of the portfolio through acquisitions and completions as well as growth of 1.9% in like-for-like rental income. The results of asset management increased by 18.1% to EUR 59.5 million, and the results of operations were 18.0% higher at EUR 43.5 million. However, the revaluation results of EUR -45.0 million from standing investments and goodwill reflect the adverse effects of the Covid-19 pandemic. Net profit for Q1 2020 was therefore negative at EUR -37.6 million.

Designer Outlets Wolfsburg has reopened, presenting interesting new openings with Sunglass Hut and Petrol Industries. Many other stores have also been refurbished and modernized.

The extensive construction work on the 46,000 sq m Potsdamer Platz Arkaden has now begun and is expected to take two years. Brookfield Properties, the asset manager of Potsdamer Platz, and center operator ECE have added Mercato Metropolitano (MM), a pioneer of sustainable community markets from
London, as a new anchor tenant for an area of around 4,400 sq m. At Potsdamer Platz in Berlin, Mercato Metropolitano is opening its first location in Germany.

Consumers in Ukraine will have more options to enjoy better and safer shopping standards, following the opening of new food stores by the country’s major retailer, Fozzy Group, supported by the EBRD.

Vastned, the listed European retail property company focusing on ‘venues for premium shopping’, announces an update to the present strategy. The update will be revealed in February 2021 at the publication of the 2020 annual results.

Corona is rapidly changing the world of retail. Shopping centers also experience these changes. Operators and tenants are facing far-reaching changes. Especially the severely affected fashion industry will accelerate these changes.

The need for marketing, centre operations and leasing teams to work together to help their destinations recover faster and stronger from the COVID-19 crisis is paramount. Coniq has written this practical how to guide following numerous conversions with clients and partners so your pre- and post- reopening plans are a huge success.