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With twelve mandate extensions, MEC enters the tenth year of its existence in a stronger position. METRO PROPERTIES extends all contracts for the center management of its twelve MEC locations, thus strengthening the continuity of MEC’s core business.

Asset Management Directors Diederik Bakker and Harold van Riel and their asset management teams work closely together at Multi Corporation. This major pan-European retail service platform manages and redevelops retail properties across 14 countries in Europe and Turkey. How do they maintain sustainable asset value in a health crisis such as the current Covid-19 pandemic?

Redevco has recently completed an extensive refurbishment of its C&A store in the city center of Zurich. The redevelopment has transformed it into an energy-efficient property, incorporating the clothing retailer’s latest design concept. Redevco is targeting a BREEAM In-Use Excellent sustainability rating.

GTC has appointed Malwina Pawłowska to the position of Head of Marketing & Communication, the appointment is dictated by her extensive and in-depth sector knowledge.

DIR Deutsche Investment Retail GmbH (DIR) is strengthening its retail expertise with Tatjana Fiedler. In the position of Transaction Manager, she will immediately strengthen the team in the development and expansion of a nationwide retail portfolio with a focus on food-anchored local convenience centres and retail warehouse parks, full-line grocery stores and discount supermarkets.

Retail parks and hybrids have weathered the storm of the crisis relatively well due to their high proportion of local supply. Nevertheless, in the vortex of the coronavirus crisis, the issue of sustainability seems to have fallen by the wayside in many cases. That picture, however, is deceptive. The necessary (re)alignment of retail parks and other agglomerated retail real estate properties makes it necessary for ESG criteria (environment, social, governance) to be taken into account. The following “Top 5 Lessons Learned” were taken from a recent publication on retail parks in Germany*.

Multi Corporation announces the departure of Rüdiger Dany as Chief Operating Officer (COO), effective 1 January 2021. Rüdiger Dany was appointed to the Management Board in 2017 and after more than three years at Multi wishes to step down to pursue personal business opportunities.

Recruitments, promotions and appointments…

Shopping Centers in the Baltics amid Covid-19: Visitor Footfall Is Down, Though More Is Being Spent per Visit.

The shopping center and management division of Abu Dhabi-based Lulu Group International, Line Investments & Property LLC, boasts a portfolio of malls through the Gulf and India. +++ TribecaCity in Mauritius continues to rise up out of the ground, with good progress being made on the scheme’s basement levels. Benoy is delivering architecture, interior design and master planning for the 150,000 sq m project. +++ The Netherlands-based design firm MVRDV has released details about Glass Mural in Detroit, USA.

The opening of the largest inner-city regeneration project in Rotterdam in recent years, Forum Rotterdam, took place on September 24, 2020, with a small gathering and in full compliance with the current Covid-19 guidelines +++ Recently, the refurbishment of TresAguas has completed in the Madrid district of Alcorcón +++ Over the last few decades, Atrium Ljungberg has redeveloped Sickla, a suburb of Stockholm, from an industrial estate into a vibrant, living city district

RPMI Railpen (Railpen) has officially welcomed one of the UK’s top fragrance retailers, The Fragrance Shop, to Gretna Gateway Outlet Village, Scotland’s premier designer village. Opening its doors on the 20 November, the launch of the store marks the creation of numerous retail jobs for the local community.

Revitalization is absolutely essential when it comes to aligning retail locations with the “new normal”, emphasizes Christine Hager, Managing Director / Head of Shopping Center Asset Management at redos, in an interview with ACROSS.

Work has begun on site on a major 180-acre mixed-use development set in a prime location in Gloucestershire. Led by renowned Cheltenham-based property developer Robert Hitchins, the development will feature a designer outlet and lifestyle retail destination, a flagship garden centre, much-needed homes and a range of local amenities.

A women-lead opening panel featuring 3 international retail real estate leaders: Joanna Fisher (ECE), Cristina Santos (Sonae Sierra) and Anne-Sophie Sancerre (URW).

The modernization of the local supply center in Berlin Charlottenburg-Wilmersdorf has been completed. After a good two years of revitalization and reconstruction work, WILMA shines in new splendor. Commissioned by owner Ivanhoé Cambridge, Unibail-Rodamco-Westfield (URW) modernized the asset visually and functionally.

Time Retail Partners (TRP), the boutique retail property consultancy, has appointed Peter Wrigley, founder of 360Retail and a former senior director in CBRE’s lease consultancy business, as a consultant to head its new professional services specialism. Peter will work with Time’s established landlord and agency teams.