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Shopping Centres

Atrium opens more than 50 stores in H1

Atrium continues to enrich their centres with new and refreshed retail concepts. In the first half of 2022, over 50 new stores were opened with a total area of 14 000 sqm. Debut retailers in the country and in cities where Atrium is operating make up the majority of these new openings.
Friday, 12. August 2022

Deutsche EuroShop increases revenue 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

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

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

Wilhelm Wellner and Olaf Borkers leave Deutsche EuroShop

The voluntary public takeover bid by Hercules BidCo GmbH (a company in the bidding consortium of Oaktree Capital Management, L.P. and the asset management company CURA Vermögensverwaltung), which Deutsche EuroShop’s Supervisory Board and Executive Board supported as being fair, reasonable and attractive, was successful. On 8 ...
Wednesday, 20. July 2022

Allianz and Helaba refinance Westfield Centro with €400 million

Allianz Real Estate, acting on behalf of several Allianz Group companies and institutional third-party co-investors, has provided €400 million in sustainability-linked debt funding for the refinance of the flagship Westfield Centro retail centre in Oberhausen.
Monday, 18. July 2022

Deutsche EuroShop to invest €20 million in Main-Taunus-Zentrum

A new highlight is to be added to the Main-Taunus-Zentrum, one of the largest and highest-turnover shopping centre in Germany: In the heart of the open-air shopping centre in Sulzbach near Frankfurt am Main, a new lively and urban centre with a high-quality, varied gastronomy and food offering is planned. Five new freestandin...
Monday, 18. July 2022

Unibail to sell Almere Centrum to UMB for €155m

Unibail-Rodamco-Westfield (URW) announces an agreement with a group of private investors led by the UMB Group for the sale of Almere Centrum. The net disposal price of €155m is in line with the last appraisal value.
Tuesday, 14. June 2022

CBRE publishes CBRE Shopping Centre Index

CBRE has published the results of its extensive Shopping Centre Index analysis, which annually assesses the performance of regional shopping centres over the past year. The main criteria are footfall, achieved turnover, the value of the average basket, rents, and vacancy rates. In addition, the 10th anniversary edition was ex...
Thursday, 9. June 2022