Retail real estate is facing tough times as we close in on the prospect of a long, cold winter. Amidst the impending energy and economic crisis and an escalating threat resulting from a war in Europe, for many, the fear is here. Investor insecurity is high, and property owners are wary of fuel and finances running into scarce supply. However, as we have learned from the COVID-19 pandemic, where there is a challenge, there is also an opportunity.
Sonae Sierra accelerates the future-proofing of its real estate portfolio. Christine Hager, Sonae Sierra Director, responsible for property management in Germany, describes what being future proof means in today’s business world. There is one thing or particular note: Knowing how energy is being consumed is key to understanding and identifying where the most effective changes should be made.
Following a tender, Multi Corporation has been appointed property and asset manager for Central in Bratislava as of November 1. The shopping center, previously managed by Ece, in the capital of Slovakia, with 36,000 sq m of GLA, is owned by Allianz with the long-term strategic management overseen on its behalf by Allianz Real Estate.
The winners of the retail competition First Store by ALEXA Vol. 4 – Academy Edition have been chosen: “SELLPY x ALEXA” is the concept for an innovative second-hand clothing store presentation in cooperation with the leading Swedish second-hand clothing brand Sellpy. The first offline presence in Germany of the online company will take place in ALEXA, Berlin.
Multi Corporation has completed the refurbishment of Allee Center in Budapest, enhancing the interior and exterior design, leading to an improved customer experience. The entire renovation cost amounted to almost 18 Euro million, including a significant investment in sustainability to pave the way to carbon neutrality
As a company that is responsible for the management of more than 12 office and retail assets in the territory of Belgrade, MPC Properties has made a decision to turn off the facade lighting of its buildings during the night to ensure maximum electricity savings in the last quarter of 2022.
While Western Europe is struggling with the aftermath of the coronavirus and is plagued by inflation concerns, Nepi Rockcastle has delivered 2019-level numbers and boasts a full development pipeline. In an interview with ACROSS editor Reinhard Winiwarter, CEO Rüdiger Dany explains the peculiarities of Eastern European markets, why he is neither concerned about inflation nor in the position of having to actively seek tenants for his sites, and why he sees ESG investments as real earnings opportunities.
Especially in unpredictable times people need guidance. The International Mentoring Community of Real Estate was created to provide this guidance and to build a most valuable community of experts who can share their knowledge and experience with those who need it and also between themselves. ACROSS spoke with Anna Zachara-Widła and Michał Miazek, founder of IMCR, about their way of mentoring and program.
Leading specialist UK leisure and property agency, Shelley Sandzer, has secured a second site for The Font, the indoor climbing gym brand that combines world-class bouldering, functional fitness, and social spaces.
Grosvenor has announced the signing of leading sports apparel brand, Under Armour, at Liverpool ONE. Trading from 280 sq m sq ft on South John Street, Under Armour Liverpool ONE is set to open later this year and will stock the brand’s renowned performance sports apparel, footwear and accessories.
Grosvenor has announced the signing of the global powerhouse beauty brand, Charlotte Tilbury, at Liverpool ONE for their first UK standalone store outside of London, as well as their first UK opening in six years.
Opened in 2018, Forum Gdańsk is an award-winning shopping center in the port city of Gdańsk, Poland. Situated near the Gdańsk Główny railway station, historical Old Town as well as municipal buildings, Forum Gdańsk is a retail-led, mixed-use asset within the retail portfolio of Multi Corporation.
The Polish division of Multi Corporation has signed a lease agreement for the Resident Service Center (RSC) of the Wrocław City Hall in the Magnolia Park shopping center the company manages. Leasing for social services is one of the directions of changes introduced in commercial assets managed by Multi.
Wembley Park has announced a trio of wellbeing lettings which together will see opticians Specsavers, independent salon Urban Rose Beauty and dog wellness centre The Cuddle Club occupy nearly 450 sq m at London’s world-famous Wembley Park neighbourhood.
Increase in Rental performance increased by almost 50 percent while former Real spaces successfully upgraded with new anchor tenants. The new Globus in the Bethanien Center in Neubrandenburg is a magnet for customers.
MPC Properties is the first company in Serbia to receive the “WELL Health-Safety” certificate for a portfolio of eight business and retail assets awarded by the International WELL Building Institute (IWBI).
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