shopping center

Sustainability is the order of the day – for all industries, but especially for the retail industry. What is the status quo in the core consumers sectors, brands, investors and asset managers?

Atrium Ljungberg has signed a lease contract for more than 1,700 sq m with Sabis, which is going to be expanding this spring and will open the new food store ‘Hemköp Sickla’ inside the shopping center Sickla Galleria.

As of March 1, SES is filling the center management of two shopping malls in Austria from its own ranks: Doris Panagl will take over the management of Max.Center Wels, Marie-Theres Skribanowitz will manage Mariandl in Krems. Long-time center manager Egbert Holz, who has been responsible for both centers since they opened, will retire in the spring after 23 years of service.

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.

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.

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 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.

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 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.

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