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Search Results for: retail project – Page 54

Sharing for a better future

“The lessor & lessee relation reflected in traditional lease models we are currently familiar with will transform into partnership models where risks and benefits will be shared.”

Overcoming putative constraints

“The corona pandemic reveals and emphasizes, among others, the very simple basic fact which is crucial to a healthy business survival illustrated by the dependency of all different business parties on each other’s survival.”

Sanna Yliniemi appointed as Vice President, Centre Management at Citycon

Prior to the new appointment, Yliniemi held the position of Vice President, Operations Development at Citycon. In her new position, Yliniemi is responsible at the Group level for the operations and results of the approximately 40 shopping centres owned by Citycon. Yliniemi is also a member of Citycon’s Extended Management Committee.

Opening of AFI Brasov postponed

Due to the Covid-19 pandemic AFI Europe, the largest shopping center project to be delivered this year in Romania will not be opened as planned.

29.7 million euros gross lost revenue per day in Austria

Standort + Markt recently published a first estimate regarding the anticipated daily loss of revenue of shopping places in Austria due to the corona shutdown. Its results provide solid guidelines for the European retail real estate market in general.

Atrium Ljungberg sells Farsta Centrum for SEK 4 billion

Property company Atrium Ljungberg has today signed an agreement to sell the shopping centre Farsta Centrum in Stockholm. This deal includes a rental value of SEK 310 million and more than 100,000 m2 letting area. The purchase price is based on an underlying property value of SEK 3,979 million. The purchaser is Stadsrum Fastigheter AB.

A new beginning with a new name

Crompton Place shopping center in Bolton, Greater Manchester, is due to become “Bolton Victoria Square”. Chapman Taylor has been tasked with the architectural design of the regeneration masterplan.

Optical salon in Galeria Wiślanka

The first salon of the optical industry leader – Vision Express – will open in Galeria Wiślanka. This shop will combine medical services and the sale of glasses and lenses in one place, ensuring professional service as well as the care of specialist doctors.

Movement at Eurovea in Bratislava

The Eurovea 2 project has recently received the green light for the construction of the Eurovea expansion, Eurovea Tower – the first skyscraper in Slovakia, Riverside Residence, the Pribinova X and Pribinova Y administrative buildings, as well as an underground parking garage. The mall expansion is scheduled to open later this year.

IKEA Austria to establish car free city centre store

In the heart of Vienna, IKEA is establishing the most innovative city centre IKEA store in the world. IKEA Austria is going completely new ways in addressing radically changed customer and mobility behaviours. IKEA Vienna Westbahnhof will open in 2021.