Search Results for: retail real estate development – Page 11

Grosvenor Europe has launched a first of its kind air quality monitoring scheme in its Swedish retail portfolio.

The company, which is part of the Tengelmann group of companies, just opened its 13th retail park of the Vendo Park brand in Ostrołęka, Poland.

The Company was elected “Best Retail / Shopping Developer” in Western Europe, “Best Developer Overall” and “Best Retail Developer” in Portugal.

Win and retain more customers—a major topic at EXPO REAL.

JSE listed EPP, Poland’s biggest retail landlord, today released interim results for the six months ended June 2019 with distributable income earnings up 9% and distributions of EUR 5.8 cents per share, in line with market guidance. Importantly, the company reduced its loan-to-value ratio by 2.1% during the period to 49.8%.

EfTEN Real Estate Fund 4, a fund managed by “EfTEN Capital” AS, acquired the shopping center “River Mall” and business center “River Hall” in Kaunas.

Sonae Sierra will continue to be responsible for the property management of both assets.

Retail real estate specialist ECE Real Estate Partners has set up an open-ended pan-European shopping centre fund. The new “ECE Progressive Income Growth Fund” (EPIG Fund) has secured equity commitments of more than EUR 700 million from a leading global institutional investor base and has acquired a seed portfolio consisting of dominant shopping centres in Germany, Austria, Denmark, Poland and Italy with a market value in excess of EUR 1.6 billion. For the upcoming years, further acquisitions of dominant European shopping centres are planned.

In addition to his previous field of functions, he from now on assumes more responsibility in the areas of Concept and Construction.

Neptune, a joint venture between Neinver and Nuveen Real Estate, has acquired Silesia Outlet in Gliwice, Poland, from 6B47 Real Estate Investors for €31.5M.

The Dutch center will open in autumn 2020 and will be the first outlet center in the Greater Amsterdam area.

Trei Real Estate, a German property developer and property asset holder, found a new Managing Director for its subsidiaries in the Czech Republic and Slovakia.

Hotel Chocolat is opening a Brighton city centre store at Redevco’s newly redeveloped Hanningtons Estate.

Erik Lennhammar has been appointed Citycon Oyj’s Chief Development Officer and member of the Corporate Management Committee.

Trei Real Estate GmbH (Trei), a developer with over 10 years’ experience on the Polish commercial real estate market, is rapidly developing a network of convenience retail parks. The company, part of the German Tengelmann Group, has now opened its 11th Polish retail park, operating under the Vendo Park brand, in Bytów. This is the developer’s first investment in the Pomerania region. The total cost of investment was approximately EUR 4 million.