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MAPIC will be held at the Palais des Festivals in Cannes from 17 to 19 November, 2020. Its theme of Embracing Collaborative Retail, along with the entire programme, has been designed to support and give an extra boost to the international retail property industry, which has been hit hard by the current health crisis.

The Supervisory Board of Commerz Real has appointed Gabriele Volz as Chief Executive Officer of Commerz Real. She will take up the position on 1 January 2021.

EPP’s general meeting of shareholders has today approved the appointment of Tomasz Trzósło to the position of CEO of the largest owner of retail real estate in Poland. The company’s Board of Directors announced it will nominate Tomasz Trzósło to this post in December 2019.

Capital & Regional has developed and launched a new technology partnership with Sensormatic Solutions, a retail solutions portfolio of Johnson Controls, for its ShopperTrak solution to monitor and help control individual centre occupancy levels in real time – a priority for all retail landlords as government lockdown measures are gradually eased.

“Now, ULI Europe’s latest report, ‘Reshaping Retail–Accelerating Change’, forecasts that the impact of Covid-19 will accelerate the restructuring of the retail property sector, even more so in the United Kingdom.”

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.

The same also applies to the food & beverage fair “The Happetite”, which was supposed to take place at the same time on July 1 and 2, 2020 in Milan. Both events will return in 2021.

Has the decline in high street shopping brought about a new opportunity for flexible workspace operators to move into town centers and change the way we all work?

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.

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.

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.

Business closures and rent losses in the coronavirus crisis have made banks even more cautious about retail properties and shopping centers. In the case of refinancing, portfolio holders have to calculate with higher interest rates and additional equity.