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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.

Citycon Oyj assesses that its prospects for 2020 have weakened and withdraws its guidance for 2020 issued on 6 February 2020. At this point, the company does not specify its direct operating profit, EPRA EPS or adjusted EPRA EPS forecast for this year in more detail due to the uncertain market situation.

Vastned, the listed European retail property company focusing on ‘venues for premium shopping’, published an update on the situation caused by the COVID-19 virus.

Chapman Taylor, acting for Linkcity, was responsible for the masterplan and architectural design of Castle Park View, and is now working with Bouygues UK on the construction phase and interior design, which will be operated by M&G when it completes in 2022.

Property company Atrium Ljungberg has today signed an agreement to sell the shopping centre Farsta Centrum in Stockholm. This deal includes a rental value of SEK 310 million and more than 100,000 m2 letting area. The purchase price is based on an underlying property value of SEK 3,979 million. The purchaser is Stadsrum Fastigheter AB.

M1 Kraków Shopping Centre managed by Metro Properties Poland wins the main award in the category “Commercial project: In- Use” presented by BREEAM. The best of BREEAM 2020 awards honors exceptional sustainable places and project teams.

JSE listed EPP released results for the year ended 31 December 2019, with distributable income earnings up by 9.6% and distributions of EUR 11.62 cents per share. EPP’s net property income for the year is up by 3.8% to EUR 148 m, with distributable income of EUR 105.5 m.

Erik Florman is to become the new Head of Sustainability at Kungsleden. He was most recently employed as group manager for sustainable business development at Skanska.

ECE is acquiring a portfolio with more than 2,000 units.