Search Results for: retail leisure – Page 34

With NordWestZentrum in Frankfurt, Breunigerland Sindelfingen and Breuningerland Ludwigsburg, Unibail-Rodamco-Westfield (URW) secured three important asset management mandates in 2019, thereby strengthening its portfolio in Germany. In addition, the real estate developer and operator completed major modernisation projects in Schönhauser Allee Arcaden in Berlin and Centro in Oberhausen and reached important milestones in Westfield Hamburg-Überseequartier development project. In 2020, URW intends to continue to strategically develop its portfolio and focus on urban district development and the expansion of digital infrastructures.

The report explores how consumers across Europe will be shopping by 2029.

The Turkish shopping centre M1 Adana, which is owned by METRO PROPERTIES and Fiba Group, was recognized with the Sign of the City Award 2019 in the category “Best Shopping Center” on the occasion of the RE360 Real Estate Conference in Istanbul.

ICON Outlet at The O2 has reported bumper Christmas trading with like-for-like sales growing by 39% during the holiday period from 23 December – 5 January, benefiting from a 34% increase in destination footfall to The O2 (excluding customers to The O2 arena).

Savvy bargain hunters boosted revenues over the Christmas holiday period at London Designer Outlet in Wembley Park, the capital’s leading fashion and lifestyle outlet centre.The results show the ongoing appeal of aspirational and desirable brands at up to 70% off RRP throughout the year, and at up to 85% off during seasonal sale periods such as the Boxing Day sales.

Christmas trading results from Springfields Outlet in Lincolnshire once again demonstrate its resilience as the leading shopping and leisure destination in the East of England having achieved 15 years of consecutive turnover growth.

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.

M7 Real Estate, the pan European asset and investment manager, has acquired The Mailbox in Birmingham from a joint venture between a Brockton Capital-advised fund and Milligan Retail.

A jointly owned holding company and affiliates of intu properties and Canada Pension Plan Investment Board have exchanged contracts to sell intu Puerto Venecia shopping centre to Generali Shopping Centre Fund S.C.S. SICAV-SIF and Union Investment Real Estate GMBH for €475.3 million (intu share €237.7 million).

Hammerson plc announced that, following the clearing of the City of Paris pre-emption right, it has completed the sale of the 75% stake in the Parisian shopping destination Italie Deux to AXA Investment Managers – Real Assets for €430m (£362m).

Zadar Shopping Capitol, part of the Capitol Park family, welcomed its first customers with the opening of a 6,400 sqm centre in Ante Starčevića street.

At last night’s Revo Annual Dinner (4 December), intu scooped two Revo Gold awards in a celebration of the best of the best in placemaking.

Festival Place, the 1.1m sq ft retail and leisure destination in Basingstoke has reported outstanding results for the Black Friday trading period.

intu recently announced that its flagship global resort development intu Costa del Sol, located in Torremolinos outside Malaga in Spain, has been given green light.

Springfields Outlet has once again demonstrated its continued resilience, bucking trends when compared to full-price retail destinations, reporting positive trading and footfall stats for the Black Friday trading period.

Deka Immobilien has commissioned Apleona Real Estate Management to perform center and property management, facility management services, letting, and strategic development for the “Seidnitz Center” shopping mall in Dresden.

Proposals for the £100m replacement of Crompton Place Shopping Centre, which will make way for independent retail, offices, homes and a hotel, were revealed during last week’s public consultation events in Bolton, England.

ICON Outlet at The O2, the 210,000 sq ft premium urban outlet developed by AEG and Crosstree Real Estate Partners announced the signing of KickTown, the first technology-led football challenge experience of its kind.