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A strong year for leasing activities in 2020 and a successful start to the year with new business in 2021 have been reported by Commerz Real, the asset manager for real asset investments in the Commerzbank Group.
VIA Outlets – Europe's fastest growing owner-operator of premium fashion outlet destinations – has, as of today, with Freeport Lisboa Fashion Outlet being the last one in line, reopened all closed and semi-closed centres in its eleven-strong portfolio. While the company was advised to temporarily close the majority of its outlets by local authorities in March and April in the wake of Covid-19, three were able to remain open throughout.
Unibail-Rodamco-Westfield (URW) announced that 65 of its 90 shopping centres have re-opened after the easing of restrictions imposed because of the COVID-19 crisis. This follows announcements by authorities in Los Angeles and France on May 26 and 29, respectively.
Lifestyle Outlets, part of Peel L&P, has reported another year of strong results, with growing footfall and sales figures bucking the national retail trend across its two operational centres in Manchester and Gloucester, despite market uncertainty surrounding Brexit and a late General Election.
centre:mk, one of the top 10 shopping centres in the UK (released by GlobalData), is bucking the nationwide trend of declining footfall, and has reported that the centre’s footfall is up +2.5% YOY.
Wereldhave has taken notice of recent media attention about the possible intention of Hudson’s Bay Company (HBC) to close its operations in the Netherlands by the end of 2019.
Neinver – a leading investor, developer and operator in the European outlet centre industry and the largest operator in Spain and Poland – has announced that sales across its outlet portfolio grew to €487M during the first half of the year, an 8% increase compared to the same period in 2018. The number of visitors to the 16-outlet-centre portfolio also rose by 3% to 21 million.
The portfolio of 15 outlet centres in Europe welcomed 42.3 million visitors in 2018.
Visitors to the centers in Spain, France, Germany, Italy and Poland totaled 41.7 million in 2017.
Societies have changed, retail has changed, and so must architecture and the real estate industry. “Le 31” has become a model for Redevco’s vision on how to redefine retail and create a connected community of stores, partners, and visitors.
BIG Shopping Centers advances its strategy of Development of the energy sector and acquires another wind turbine project in Romania with an investment of about € 135 million .
Multi Forum is a multi-tasking facility management application developed for Multi Corporation by the Dutch PropTech startup. Data from several Multi managed shopping centers across Europe has shown efficiency benefits. Multi Forum app. is now used in five of the six shopping centers managed by Multi in Poland.
Avison Young’s investment advisory team announces three new promotions of Artur Czuba, Piotr Łopusiński and Patryk Błach.
As a market player with a European focus, BNP Paribas REIM is continuing to restructure its teams with several new appointments.
BIG is expanding its operation in Eastern Europe and the Balkans by acquiring their first property in Montenegro: Delta City mall, located in the capital Podgorica.
Sustainability is the order of the day – for all industries, but especially for the retail industry. What is the status quo in the core consumers sectors, brands, investors and asset managers?
The pandemic might be a topic causing fatigue for some, but the fluctuations and changes in the market are exciting to experience and full of positive developments. How have we survived this ever-changing world? What has changed, what can we learn? Let's look at the fast and exciting flow of 2021 in this overview of the Turkish retail real estate market.
Over the past ten years, the food retail sector has recorded sales growth of well over 35 percent, and last year's figures for 2020 confirm the steady growth with annual sales of around €190 billion.
