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Trei Real Estate GmbH (Trei), a developer and asset holder for residential and retail real estate with activities across Europe, just opened the 17th retail park of its Vendo Park brand in Poland. The retail park is located in the city of Płock in the Masovian voivodeship.

Coronavirus has caused a significant impact on the way consumers shop and make payments.

MGVM, has published a study on the impact of COVID-19 on the property management sector. One of the data highlighted in the document is the influx of customers in shopping centres. Compared to the same period in 2019, the number of people visiting shopping centres has been reduced by 93%.

Marks & Spencer has completed steps to secure liquidity for the duration of the COVID crisis and to underpin the recovery strategy and accelerated transformation in 2021.

According to Bloomberg, a fund managed by Apollo Global prevailed over two further bidders.

Collaborated with New Covent Garden Market and Bread Ahead to provide fresh produce and bread.

During this trying time, a group of management companies of large shopping centers in Ukraine supported the business of its partners by providing rent-free vacation for the entire period of forced downtime.

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.

After being criticized for its decision to defer rental payments, Adidas apologized for saying it would halt rent payments for retail locations globally that had to shutter due to COVID-19 lockdowns and that it would pay for April.

The investor has invested half a billion, says company doctor Geiwitz. The German bankruptcy contingency fund pays 28,000 employees for three months. The corona crisis threatens the future of the department house group Galeria Karstadt Kaufhof, which is owned by the Austrian large-scale investor René Benko.

The department store group Galeria Kaufhof and Karstadt is in trouble.

Requests for funding are being submitted to the German Reconstruction Loan Corporation. Allegedly in the amount of 2 billion euros.

Standort + Markt published a second estimate, which focuses on stationary retail‘s anticipated, daily, average loss of revenue at all Austrian shopping places. The results provide solid guidelines for the European retail real estate market in general.