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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.

Based on preliminary figures, shopping center investor Deutsche EuroShop closed financial year 2019 with good operating figures that partially met or exceeded forecast. However, the financial implications for the 2020 financial year of the continued spread and unpredictable duration of the corona virus pandemic cannot be quantified at this stage.

LPP will provide isolation hospitals with face masks worth PLN 1 million – the first batch of 3300 pieces has already been delivered to the isolation-only hospital in Gdańsk.

Due to the Covid-19 situation the H&M group will temporarily close all its stores in Germany (460*) from March 18, based on decisions by the German authorities. In addition, the group is also closing all its stores for two weeks in the US (590*), Canada (96*), Portugal and Belgium from March 17.

China is fighting hard with the economic consequences of the coronavirus pandemic, as the country’s industrial production shrinks for the first time in three decades.

FY19 was a year of acceleration for investments made by Ingka Group, a strategic partner in the IKEA franchise system, operating 374 IKEA stores in 30 countries.

“Torbjörn Lööf, who has successfully led Inter IKEA Group, headed by Inter IKEA Holding B.V., for the last seven years, has decided to end his assignment,” says Anders Dahlvig, chairman of Inter IKEA Holding B.V. “His successor will be Jon Abrahamsson Ring, who today leads IKEA franchising.”

Hammerson has exchanged unconditional contracts on the sale of a portfolio of seven retail parks to Orion European Real Estate Fund V for a headline price of £400m with expected net proceeds of £395m.

Trei Real Estate GmbH successfully continued to expand its business in 2019.

During the year, which saw several retailers experience challenging times with slowing growth, Ingka Group registered close to a 50 percent increase in online sales and more people visited its IKEA stores than the year before. ​

LGIM Real Assets (a division of Legal & General Investment Management) announces that it has appointed Shuen Chan as Head of ESG as it continues to establish itself as a global leader in responsible investment.

Europe’s leading designer outlet company, McArthurGlen, has appointed Victor Busser as Group Managing Director Leasing, with effect from January 6, 2020.

VIA Outlets – Europe’s fastest growing owner-operator of premium outlet shopping destinations confirms another year of impressive growth in 2019. Reinforced by the company’s continued remodelling programme and the introduction of new brands, VIA Outlets delivered exceptional figures including an 8.4% increase in its brand sales and a 6.1% increase in footfall. These results demonstrate the increasing attractiveness of an ever improving VIA Outlets portfolio and the resilience of the outlet sector compared to the headwinds faced by wider, full-price high street and retail markets.

Tobias Huzarski (37) is the head of the newly-created Impact Investment division at Commerz Real. He will collaborate closely with the new Head of Sustainability at Commerz Real, Viola Joncic (33).

The Howard de Walden Estate has secured a series of new footwear occupiers to Marylebone Village.

The emerging “Origo One” business centre and the “Origo” shopping centre, which is currently undergoing a major expansion, have both received a certificate of commendation from the world’s leading building sustainability evaluation method, the British Research Establishment Environmental Assessment Method (BREEAM).

Alberto González de las Heras now leads asset management in France, Italy, Portugal and Spain.