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Completion with an investment volume of over 400 million euros planned by 2023.

In its role as specialist advisor for institutional retail real estate investors, iMallinvest Europe GmbH has developed its services further to meet the dynamic demand of its clients.

Shopping centres were reopened on 4 May. This is an indication that there’s light at the end of the tunnel for landlords and tenants, but the ongoing pandemic will have an enormous impact on the entire retail industry. Sylwia Wiszowata-Łazarz and Joanna Kłusek from global real estate services firm Cushman & Wakefield talked about the current market situation, changing consumer habits and what actions to take to ensure a safe return of shoppers to brick-and-mortar stores during the webinar “Disconnect to Reconnect – About retail in the new reality”.

Redevco has joined forces with COFRA Holding to initiate a large-scale on-site renewable energy generation project called Project Solar.

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.

Sponda has appointed Katja Holmström as Director, Retail and a member of the company’s Extended Management Team. Holmström will start in her new position in early August and she will be responsible for developing and managing Sponda’s Retail business.

Oversubscribed Fund Hits Hard-Cap, Exceeding €200 Million Target.

Trei Real Estate GmbH (Trei), a property developer and property asset holder for residential and retail real estate, relocated from Mülheim an der Ruhr to Düsseldorf today. The real estate company had secured its new premises of around 2,400 square metres in the recently completed “Airport Office Six” property in September 2019.

As such, the Board of Directors will be waiving 20% of their base salaries or fees for an initial period of three months effective 1 May 2020 and the money will be used to supplement the £500,000 support fund for Landsec’s charity partners announced on 2 April 2020.

redos Group has acquired a portfolio consisting of six retail properties from EDEKA Handelsgesellschaft Rhein-Ruhr mbH, which is part of EDEKA Group, one of Europe’s largest food retailers. All of the properties are located in the northwest German state of North Rhine-Westphalia and are earmarked for the Redos Einzelhandel Deutschland II institutional fund, managed in partnership with Union Investment.

Ylva Sarby Westman is to be the new CFO of Kungsleden. Ylva will remain the Group’s Deputy CEO. At the same time, Kungsleden’s management team will be strengthened by the addition of Fredrik Sandell, the company’s current Treasurer.

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

In March the property company Atrium Ljungberg announced the sale of Farsta Centrum in Stockholm.

The app of a Viennese start-up perfectly organizes a mall’s facility management– even in times of crisis.

Despite continued strong growth in recent weeks in the webstores of Stockmann and Lindex, the online sales growth cannot compensate for the drastic decline in customer volumes in the current exceptional situation.

Representatives of the shopping and entertainment mall development industry addressed a collective open letter to the authorities to initiate an urgently needed dialogue regarding consolidation of actions.

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.