Hatric retail park, Hartberg, Austria. Credit: Union Investment
Investment

Union Investment Special: Retail Parks

Hidden Stars: Why retail parks become increasingly popular among investors, developers, and customers.

Henrike Waldburg is Head of Investment Management Retail at Union Investment. Roman Müller is Investment Manager Retail at Union Investment. Credit: Across

“WE SEE OURSELVES AS AN ACTIVE ASSET MANAGER”

Union Investment currently counts 13 retail parks in its portfolio. Henrike Waldburg, Head of Investment Management Retail, and Roman Müller, Investment Manager Retail, explain how they manage their performance.


F.l.t.r.: Angelus Bernreuther (Kaufland), Stefan Rutter (Rutter Immobiliengruppe), Günther Helm (CEO Müller), Henrike Waldburg (Union Investment), Hannes Lindner (Standort+Markt), and Reinhard Winiwarter (ACROSS). Credit: Across

WHERE ARE RETAIL PARKS HEADING?

At the beginning of October, Union Investment and ACROSS invited leading industry experts to Hamburg to discuss the present as well as the future of retail parks. The following is a brief review.


Hatric retail park, Hartberg, Austria. Credit: Union Investment

RETAIL PARKS IN GERMANY AND AUSTRIA

Selected projects from the portfolio of Union Investment.

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Defama buys two retail properties for €4.4 million in Cologne and near Dortmund

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Bradford AM buys retail park in France for €35.5 million from Commerz Real

Commerz Real has sold the Orange les Vignes retail park in southern France to Bradford Asset Management for €35.5 million for its RPCI fund. It had been in the portfolio of the Hausinvest open-ended real estate fund since its completion in 2010.

UK-based Evolve acquires retail parade in Coulby Newham

Evolve Estates Ltd has added a new retail parade to its portfolio through acquiring Parkway Shopping Center in Middlesbrough.

Ingka Centers plans first IKEA anchored meeting place in India

Ingka Centers revealed plans for a major new IKEA anchored mixed-use development in Gurugram, a city southwest of New Delhi, in the state of Haryana.

LCP expands retail portfolio with Russel Street Retail Park acquisition in Darlington

LCP has added a Darlington (UK) retail park to its portfolio, situated on St Cuthberts Way ring road, which is close to the town center, for £1.8 million.