Search Results for: foc – Page 62

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.

SES Spar European Shopping Centers, Austria’s market-leading shopping center operator, opened ALEJA Center in Ljubljana on Wednesday, 20 May 2020. The 150 million euros investment serves as a mixed-use shopping and leisure hot spot.

NREP taps Henrik Skak Bender as new COO and partner. The former Group CFO at WS Audiology joins NREP to strengthen the leadership team at a time where focus on culture, performance and people is key for realizing an ambitious 2025 growth plan.

intu has appointed a chief people officer to its executive team to bring a new focus to its people strategy as part of intu’s five-year strategy.

Toni Perätalo has been appointed as Head of Client Relations and Sales in Capital Markets team as of May 1, 2020. Toni returned from parental leave to his new assignment.

Refurbishment works have begun, local suppliers remain unchanged. The arcade is scheduled to reopen in two years.

IKEA Retail (Ingka Group) is guided by a vision to create a better life for the many people. Now more than ever, Ingka Group wants to put its values into action to help co-workers and customers adjust to the new realities of life.

Atrium European Real Estate Limited, a leading owner, operator and redeveloper of shopping centres and retail real estate in Central Europe, provides an update on trading for the three months ended 31 March 2020 and an update on trading in light of the Covid-19 pandemic.

Quintain, the developer behind the £3bn transformation of Wembley Park to create a cultural neighbourhood for London, has appointed Richard Poyser as Head of Retail Leasing & Asset Management. He will report to Matt Slade, Retail Director at Quintain.

The company welcomes Steven Brown to the Board of Directors.

Fund has target volume of EUR 300 million, focuses on food retail markets and grocery-anchored retail warehouse parks.