Vastned, the listed European retail property company focusing on 'venues for premium shopping', announces an update to the present strategy. The update will be revealed in February 2021 at the publication of the 2020 annual results.
Vastned’s present strategy was started in early 2017, focusing the high street strategy more explicitly on growing the high street assets in Amsterdam, Antwerp, Paris and Madrid. Normally, the company strategy would be updated next year. Vastned has been indicating for some time that the retail landscape is changing, and the outbreak and spreading of COVID- 19 has accelerated this development. The Executive Board and Supervisory Board believe it is in the interest of the company not to leave the strategy update until next year, but to bring it forward. The update will be revealed in February 2021 at the publication of the 2020 annual results.
centre:mk has announced that Dune London, the footwear and accessories brand, launched its latest store and first to open post-lockdown, at 31 Silbury Arcade. As one of the UK’s top 10 shopping centres, centre:mk welcomes the footwear retailer alongside over 120 stores that have now reopened since 15 June, including John Lewis.
Planning permission has been granted for the £250m replacement of Crompton Place shopping centre with a mixed-use, masterplan-led redevelopment of this strategically important town centre site, which lies at the heart of Bolton Council’s £1.5bn plans for the town centre.
DIC Asset AG, one of Germany's leading listed property companies, announced that an agreement with its tenant Galeria Kaufhof GmbH had been reached regarding the prolongation of existing tenancies of its Chemnitz and Leverkusen assets on July 3, 2020.