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Lotus Property, owners of Northern Ireland’s premier designer outlet, The Boulevard, has signed one of the UK’s most iconic brands to join the scheme in the run up to Christmas.

Summer sale started at Nailloux Outlet Village on July 15 and will continue throughout the summer holidays until Tuesday, August 11.

Leading management and technology specialist for parking and visitor insight, GroupNexus, has identified that during the first week in July, motorway service station visits have now surpassed pre lockdown figures from the same period four months ago, showing an increase of 4.46%, whilst dwell time has decreased by 14% to 30mins, compared to pre-pandemic. [1]

Since reopening last Monday 15th June 2020, average transactional spend has increased by 11% across the three quarters of stores which have reopened.

The ACROSS Advisory Board is happy to announce its latest addition and welcomes Markus Porvari as its new member.

Trei Real Estate GmbH (Trei), a developer and asset holder for residential and retail real estate with activities across Europe, just opened the 17th retail park of its Vendo Park brand in Poland. The retail park is located in the city of Płock in the Masovian voivodeship.

According to Bloomberg, a fund managed by Apollo Global prevailed over two further bidders.

Collaborated with New Covent Garden Market and Bread Ahead to provide fresh produce and bread.

After being criticized for its decision to defer rental payments, Adidas apologized for saying it would halt rent payments for retail locations globally that had to shutter due to COVID-19 lockdowns and that it would pay for April.

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.

Requests for funding are being submitted to the German Reconstruction Loan Corporation. Allegedly in the amount of 2 billion euros.

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.

FY19 was a year of acceleration for investments made by Ingka Group, a strategic partner in the IKEA franchise system, operating 374 IKEA stores in 30 countries.

“Torbjörn Lööf, who has successfully led Inter IKEA Group, headed by Inter IKEA Holding B.V., for the last seven years, has decided to end his assignment,” says Anders Dahlvig, chairman of Inter IKEA Holding B.V. “His successor will be Jon Abrahamsson Ring, who today leads IKEA franchising.”