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In a 50:50 joint venture, SIGNA and Central Group acquire the Swiss luxury department store chain “GLOBUS“, along with eight associated real estate properties at top inner-city locations from the Migros-Genossenschafts-Bund (MGB).

The first shopping center in Sofia, Bulgaria, – Park Center is comprised by 21 000 sq. m. GLA, all of which were leased recently.

Trei Real Estate recently celebrated its first topping-out ceremony for overbuild, a single-story supermarket in Berlin. Overbuilding measures for retail properties are generally on the rise.

The small Austrian village of Parndorf is known all over the world, from the UK to China. The outlet location’s rapid development staggers Parndorf’s residents and consumers alike. But what will the future hold?

Developer and operator SES Spar European Shopping Centers has announced that the customer opening of Slovenia’s most modern shopping center, located in the northern district of Šiška in Ljubljana, Slovenia, is scheduled to take place on Thursday, 19 March 2020.

intu announced that it has been awarded a General ‘PGOU’ License (Plan General de Ordenación Urbana) for its ground-up development intu Costa del Sol.

With NordWestZentrum in Frankfurt, Breunigerland Sindelfingen and Breuningerland Ludwigsburg, Unibail-Rodamco-Westfield (URW) secured three important asset management mandates in 2019, thereby strengthening its portfolio in Germany. In addition, the real estate developer and operator completed major modernisation projects in Schönhauser Allee Arcaden in Berlin and Centro in Oberhausen and reached important milestones in Westfield Hamburg-Überseequartier development project. In 2020, URW intends to continue to strategically develop its portfolio and focus on urban district development and the expansion of digital infrastructures.

ECE has founded a subsidiary in China, the ECE Shanghai Co., Ltd., to further expand its existing activities in architectural and planning services for shopping centers in the country.

The emerging “Origo One” business centre and the “Origo” shopping centre, which is currently undergoing a major expansion, have both received a certificate of commendation from the world’s leading building sustainability evaluation method, the British Research Establishment Environmental Assessment Method (BREEAM).

The Board of Directors of EPP has announced that it will nominate Tomasz Trzósło for appointment as CEO to succeed Hadley Dean, whose term of office is due to expire. Tomasz Trzósło is expected to assume his role in May 2020.

The retail real estate industry is looking toward 2020 with cautious optimism. Uncertainties remain, however.