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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.

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.

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.

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

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

ATP’s DO Croatia has made history in the field of sustainability. In a certification process accompanied by ATP sustain the outlet has become the first building of its type in Croatia to be awarded BREEAM “Excellent” post construction certification.

Lenton will become an Executive Director on joining the Company on September 16, 2019 and will take over the role of CFO with effect from October 1, 2019.

The modern retail stock in Bucharest remained constant in 2018, at 1.2 million sq m. This level is 7% higher than in the Central-West region of the country, which reached 1,18 million sq m, and double the stock of the region of Moldova, which reaches 595,000 sq m.

​Sonae Sierra’s financial and operational results in 2018 reveal its solid performance and the successful implementation of its strategy. Likewise, the company has demonstrated its capacity to creating shared value by addressing sustainability issues while getting good financial results.

Anna Bartoszewicz-Wnuk, Anna Młyniec, Agata Sekuła and Savvas Savva have been appointed Members of the Management Board of JLL in Poland. All four of them join Tomasz Trzósło (Managing Director & President of the Management Board), Małgorzata Żółtowska and Kazimierz Kirejczyk (Vice-Presidents) to strengthen JLL’s position on the real estate market in Poland.