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Commerz Real has sold the retail shopping center Montijo Retail Park near the Portuguese capital Lisbon to CA Património Crescente, an open-ended real estate fund managed by the Portuguese Square asset management.

Retail parks were long considered a necessary evil. However, their image changed drastically as they defy online retail due to their function as local suppliers. They now have the full support of customers, tenants, and investors.

“In our view the residential market is complementary to retail real estate, and combining them in a balanced way will only add to the strength of a location. In that sense, mixed-use developments tie in nicely with our retail background.”

JSE listed EPP, Poland’s biggest retail landlord, today released interim results for the six months ended June 2019 with distributable income earnings up 9% and distributions of EUR 5.8 cents per share, in line with market guidance. Importantly, the company reduced its loan-to-value ratio by 2.1% during the period to 49.8%.

Pan-European real estate investment manager Redevco has acquired the predominantly food and beverage (F&B) commercial units of the new mixed-use One Tower Bridge development for £70 million (€78 million) from the Berkeley Group. The property is topped by super-prime residential apartments and faces the iconic London UNESCO landmark that spans the River Thames.

Diversification in real estate is a smart strategy at any stage in the economic cycle to hedge against risks. While some funds try to balance their holdings across a range of asset classes, an alternative key solution is a mixed-use approach to individual projects. Even when schemes are dominated by one usage type, the inclusion of different elements gives the asset greater resilience across market cycles and evolving political, demographic, and economic scenarios.

“Establishing external partnerships with complementary digital-native merchants provides opportunities to offer complete solutions while increasing income through revenue share.”

The Belgian De Vlier Retail Development Group has been planning and constructing retail parks in Belgium, France, and Austria under the Frunpark umbrella brand for close to 20 years. In an interview with ACROSS, Managing Director Peter De Roo reflects upon the last two decades and looks toward the future.

Trei Real Estate GmbH, a property developer and property asset holder for residential and retail real estate, has expanded its polish retail property portfolio.