Unibail-Rodamco-Westfield (URW) currently operates 21 assets in the German and Austrian region: 19 in Germany, eight of which are in the Group’s own portfolio, and two in Austria. Last year, a total of 714 rental contracts were closed for these 21 assets. The average vacancy rate for the core locations in the portfolio around Westfield Centro in Oberhausen, Ruhr Park in Bochum, as well as Westfield Shopping City Süd in Vösendorf in Greater Vienna and Westfield Donau Zentrum in Vienna, is less than two percent.
The anchor tenant for the LU: project in Mainz has been determined. In the urban mixed-use project development by J. Molitor Immobilien GmbH and Sparkasse Rhein-Nahe, one of Europe’s most successful sports retailers, Engelhorn Sports, is opening its first store in the Rhine-Main area.
Eurofund Group has exchanged on 510 sq m of new deals including the first Scotland location for electric vehicle manufacturer, Polestar, as well as international home and beauty brand, Rituals — further diversifying and improving the retailer mix at the iconic Glasgow centre.
Sloane Stanley has announced the recent appointment of specialist independent property consultants, Levy Real Estate, to join the existing leasing team across the whole Estate incorporating the King’s Road and Fulham Road.
Cushman & Wakefield has taken over the management of a portfolio of three shopping centers and one retail park acquired from Tesco last year by the Hungarian investment group Adventum Group in a unique transaction involving 18 retail projects across the CEE region.
For the year 2022, MEC has reported a total of 223 new and follow-up leases in its more than 80 properties managed throughout Germany. As a result, the total leasing has reached 158,000 sq m of total space.
By the turn of the year, Unibail-Rodamco-Westfield Germany had gained 20 more partners for the various retail, dining, and leisure clusters of the upcoming flagship destination in Hamburg’s HafenCity. The leasing of the food & beverage areas is also in progress.
The O2’s Entertainment District and shopping destination, Icon Outlet, which are owned and operated by Waterfront Limited Partnership, a joint venture between AEG and Crosstree Real Estate Partners, are looking ahead to a successful 2023, following a year of strong performance results and several, notable new brand signings and openings in 2022.
The investment and asset manager Captiva, together with KVG Universal Investment, have acquired the established local shopping center Lurup Center in the west of Hamburg from CBRE Investment Management.
In the first nine months of 2022, Sierra reinforced and diversified its portfolio of assets under management in Europe and Morocco, signing 23 new contracts and attracting new clients. Since the beginning of the year, the company has had 11 new contracts in the Property Management area and 12 in Leasing.
Neinver announces the appointment of Andrea Aburrà as the new Leasing Director for the Italian market – a role that will see him report to Joan Rouras, Retail & Leasing Director, and Eduardo Ceballos, Country Head for Italy.
Deutsche ImmobilienGruppe (DI Group) concluded ten new and follow-up leases for 7,200 sq m in its Berlin shopping center Forum Köpenick.
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