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shopping center

MVGM takes over center management of mixed-use asset Lili Wiesbaden

MVGM has been commissioned with the center management for Lili in Wiesbaden. The mixed-use object in the Hessian capital covers an area of around 37,000 sq m. The former Lilien-Carré has been named Lili since 2019 and owned by a fund sponsored by Orion Capital Managers since the end of 2014.

Sonae Sierra secures 30 tenants for their shopping centers in Germany

In total, Sonae Sierra signed 30 new leases in six locations: for Alexa in Berlin, Mercaden in Boblingen, Mercado, Quarrée Wandsbek, and Ottensen commercial building in Hamburg, and Munster Arkaden in Munster. In addition, more than 30 contract extensions and agreements for pop-up stores were achieved.

Ampega and Hahn Group acquire Krohnstieg Center in Hamburg

As strategic partner, the Hahn Group has accompanied the acquisition of the Krohnstieg Center by a special fund affiliated with Ampega Investment GmbH. The seller of the property is Hamburg-based HBB, with iMallinvest Europe GmbH acting as the transaction advisor.

Mitiska Reim transforms Dutch retail convenience center

Mitiska REIM announced the completion of transforming the Retail Centre De Lely, located in the Dutch city of Arnhem. Acquired in July 2018, a 30-month value-add programme has now been completed which has remodeled the look, layout, and tenant mix of the convenience center.

Youseum enters German market at Westfield Centro

A new Youseum venue is set to open at Westfield Centro in Oberhausen this fall, expanding their portfolio in Europe. The social media experience will cover more than 1,000 sq m.

Hammerson sells Silverburn shopping center to Henderson Park

Hammerson announced it has completed sales of six non-core assets for total gross cash proceeds of ~ €107.7m since the half year. The largest constituent is the exchange an unconditional contract for the sale of Silverburn, a 100,000 sq m shopping center near Glasgow.

Altera buys convenience center in Helmond (NL)

Altera Vastgoed NV has purchased the Brouwhorst neighbourhood shopping center in Helmond. The object is an open-air convenience center servicing the local community and was built in 1987. It consists of six blocks and was partially renovated in 2015.

Futureal buys Galeria Bemowo shopping center in Warsaw

Futureal Investment Partners has acquired the Galeria Bemowo shopping centrr in Warsaw. The acquisition is the company’s third, following the Manhattan Shopping Center in Gdansk and Wratislavia Tower in Wroclaw.

Union Investment acquires food-anchored shopping center in Florida

Union Investment has acquired the Fountains of Boynton shopping center in Florida. The complex, which consists of five buildings, is located in Boynton Beach, a centrally located suburban community in northern Palm Beach County, about 30 kilometers south of West Palm Beach International Airport.

Sinsay gets flagship expansion at Westgate

The fashion brand Sinsay, which is part of LPP Group from Poland, has launched its new store at Westgate Shopping City. They have been a loyal tenant at the center for years and now relocated to an expanded shop with a new concept that includes both fashion, and home accessories.

Titanium acquires Ozols shopping center in Riga

The asset was exited by KS Holding to Titanium Baltic Real Estate. The former shopping center Galerija Azur was acquired by the seller in 2016 and redeveloped over three years, then opened under the new name Ozols.

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THE LEVEL OF EXCELLENCE WE SHOULD STRIVE FOR TODAY AND TOMORROW
Originally developed solely to meet the daily needs of consumers, shopping centers quickly became an asset class. The model worked very well for a long time, but as consumer behavior has changed, so have the requirements of tenants, operators and investors. The obvious task to satisfy customers, business partners and stakeholders is: Get your customers to return to your locations. Clear differentiation and positioning as well as a clear focus on people are crucial.
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