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According to Bloomberg, a fund managed by Apollo Global prevailed over two further bidders.

Thüringer Einkaufscenter Erfurt (T.E.C.) is a well established retail location, located in the commuter belt around Erfurt, the capital of Thuringia.

Waitrose today details a number of initiatives it has launched to support its most vulnerable suppliers during the COVID-19 pandemic.

Ingka Group has joined an alliance of 180 political decision-makers, business leaders, trade unions, NGOs, and think tanks for a renewed commitment by all stakeholders to address the social and economic consequences of the coronavirus outbreak, in addition to the long-term climate change initiatives.

Toolbox Group founder and CEO Michelle Buxton has announced Ed Cooke, former Revo CEO, as their new Global Growth Director.

The “Leiner Areal” project on the west side of the Rathausplatz in St. Pölten’s city centre has received a greenlight. A cooperative procedure to prepare a development concept is currently starting.

IKEA has long promised to stand by the side of the many people. Today, during the unprecedented coronavirus pandemic situation, it is true more than ever.

Unibail-Rodamco-Westfield (URW) Germany is now working together with Zalando within the framework of the Connected Retail program. The partnership enables URW to connect to Europe’s largest online fashion platform, reach new customers through Zalando and improve inventory turnover at participating brands.

Financial expert Thomas Dries will support SIGNA in the area of banking as well as on the international capital markets.He will carry out his activities from SIGNA’s Berlin offices.

Standort + Markt published a second estimate, which focuses on stationary retail‘s anticipated, daily, average loss of revenue at all Austrian shopping places. The results provide solid guidelines for the European retail real estate market in general.

Josip Kardun has 20 years of pan-European real estate investment and management experience. He previously served as CEO of Blackstone’s largest European operating platform where he managed over €10 billion of assets across 14 countries.

MIPIM 2020, scheduled to take place June 2-5 in Cannes, is transforming into a two-day, Paris-based gathering of real estate and technology leaders in September and a new online experience, MIPIM Connect, available year-round.

Europe’s retailing sector is reeling from the shock of lockdowns across the region to limit the spread of the Covid-19 pandemic, but the impact on the sector’s credit outlook will be uneven, says Scope Ratings.

The Netherlands and most other European countries are forecast to be pushed into recession this year by the impact of the coronavirus pandemic.

Businesses deemed non-essential by the authorities which are located in the Group’s shopping centres in Bulgaria, Czech Republic, Croatia, Lithuania, Poland, Romania, Serbia and Slovakia are now temporarily closed.