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Deutsche EuroShop increases sales and earnings

Despite the continuing difficult market situation, Deutsche EuroShop (DES) reports a good operational business development for the first half of 2022. Revenue grew 0.7%, from €104.9 million to €105.7 million. At €84.1 million, net operating income (NOI) was 17.1% above the previous year’s level, while earnings before interest...
Friday, 12. August 2022

Tessuti opens global flagship at Liverpool One

Grosvenor has announced that designer retailer, Tessuti, has opened its new global flagship store at Liverpool One, demonstrating the brand’s ongoing vote of confidence in the destination. The new location on Paradise Street follows Tessuti’s consistently strong performance at Liverpool ONE and spans two floors measuring 22,0...
Thursday, 11. August 2022

New office space and café launched at 1 City Square in Leeds

The stunning transformation of 1 City Square into one of Leeds’s finest office buildings continues apace. Hot on the heels of a £8million refurbishment comes the news that a new on-site cafe is opening next month, while a new fully-fitted, hi-spec office on the ground floor will be available from October.
Wednesday, 10. August 2022

Miniso lands at Touchwood Solihull

Touchwood Shopping Centre in Solihull has further enhanced its offer with the opening of Japanese-inspired lifestyle brand Miniso.
Monday, 8. August 2022

Icon Outlet at The O2 signs Murmur

Icon Outlet at The O2, developed by AEG and Crosstree Real Estate Partners, has announced the signing of luxury homeware brand Murmur, marking the brand’s first ever London outlet store.
Friday, 5. August 2022

European real estate investment acutely impacted by geopolitical crisis

Heightened geopolitical risk, persistent high inflation, and a possible recession will place European real estate under acute pressure in H2 2022. However, the asset class is expected to continue to provide longer-term stability for core investors via carefully curated portfolios, as well as offering new opportunity for inves...
Friday, 5. August 2022

Deutsche EuroShop extends financing for 2022

The shopping center investor Deutsche EuroShop AG has concluded its upcoming refinancing for 2022. This includes a Group-level loan of €52 million as well as financing for the Altmarkt-Galerie Dresden (€107 million) and the City-Point Kassel (€55 million). A credit tranche of €10 million for the Allee-Center Hamm will be repa...
Tuesday, 2. August 2022

Gilly Hicks to make Ireland debut at Victoria Square

Gilly Hicks, a brand in the Abercrombie & Fitch Co. portfolio offering activewear, loungewear and underwear, has today announced the signing of its new store, which will be in Belfast’s iconic shopping destination, Victoria Square. This will be the first standalone Gilly Hicks store in Ireland.
Thursday, 28. July 2022

Godwin gets green light for Starbucks store in Uttoxeter

Godwin Developments has secured detailed planning permission for a new commercial scheme comprising a Starbucks drive-thru store and six ultra-rapid EV charging points in the Staffordshire market town of Uttoxeter.
Wednesday, 27. July 2022

Dark Stores: a new retail format with 15-minute service is changing the face of cities

The rise of e-commerce and changing customer preferences have created a new phenomenon: Dark Stores; that is, online retailers delivering goods within 15 minutes of ordering. During the pandemic and the closure of brick-and-mortar stores, e-commerce reached its peak. Some e-shops saw their sales grow by several tens of percen...
Tuesday, 26. July 2022