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Shopping Centres

Multi Corporation refurbishes Forum Palermo

Multi Corporation has recently refurbished and extended Forum Palermo. The project included an extension of the food court, a reclassification of store space, new anchor stores and an investment in energy savings. These proactive asset management initiatives have resulted in higher rental income and sales, whilst reducing ene...
Wednesday, 23. November 2022

NEPI Rockcastle acquires shopping centre in Toruń

Linklaters has advised NEPI Rockcastle, the premier owner and operator of shopping centres in Central and Eastern Europe, on the acquisition of Atrium Copernicus Shopping Center, located in Toruń, from Atrium Retail. The agreed property value is €127 million, subject to adjustments agreed by the parties.
Friday, 18. November 2022

Savills IM acquires properties in Japan and Australia

Savills Investment Management has completed investments in the office and residential sectors in Japan, as well as its acquisition of a local neighbourhood shopping centre in Australia, for its flagship pan-Asian fund, in a series of off-market transactions.
Tuesday, 8. November 2022

Retail parks are going for it

Despite the deteriorating market conditions, 2022 will probably be another year with record level of new supply for the retail sector in Poland. According to estimates by Walter Herz, the domestic stock of retail space will increase by approximately 530,000 m². The largest volume, almost 350,000 m² of modern space will be pro...
Tuesday, 25. October 2022

Touchwood secures 75,500 sq ft of lettings in first year post-acquisition

Touchwood Shopping Centre in Solihull secured over 75,500 sq ft of new lettings and lease renewals during its first year under new ownership and management – equivalent to 11% of gross lettable area – as part of a strategy focused on expanding the scheme’s retail and dining offer.
Thursday, 6. October 2022

MünchenerHyp provides refinancing for Quincy in Cologne

Münchener Hypothekenbank eG (MünchenerHyp) provides a facility of € 110 million to Tristan Capital Partners to refinance the Quincy in Cologne. The asset offers office and retail space as well as residential apartments spread over 41.600 m² of lettable area, well located in Cologne’s city centre.
Thursday, 6. October 2022

Sonae Sierra increases portfolio of assets under management

In the first nine months of 2022, Sierra reinforced and diversified its portfolio of assets under management in Europe and Morocco, signing 23 new contracts and attracting new clients. Since the beginning of the year, the Company has 11 new contracts in the Property Management area and 12 in Leasing, serving different client ...
Wednesday, 5. October 2022

URW completes sale of Villeneuve 2

Further to an agreement entered into on July 21, 2022, Unibail-Rodamco-Westfield (“URW”) announces the completion of the disposal of Villeneuve 2 shopping centre, located in the Lille region, to Ceetrus.
Tuesday, 4. October 2022

Multi completes €18 million refurbishment of Allee Center in Budapest

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 million, including a significant investment in sustainability to pave the way to carbon neutrality.
Tuesday, 4. October 2022

European Shopping Centre investment reaches E5.3bn

According to Savills latest research, European shopping centre investment totalled nearly €5.3bn in H1 2022, more than double the volume recorded during the same period last year and a record high H1 since 2018. The UK (20%), France (17%) and Spain (11%) were the biggest markets, accounting for more than 48% of the total inve...
Friday, 23. September 2022

Mein Real signs lease agreement with DIC for 10,200 m² in Halle

DIC Asset AG just signed long-term lease renewals for about 11,000 sqm of retail space at the “Neustadt Centrum” retail property, which it holds in its proprietary portfolio. “We will continue to pursue our agenda to increase the degree of sustainability in our portfolio, and to consistently develop our properties to enhance ...
Monday, 19. September 2022

Hans-Peter Kneip joins Deutsche Euroshop as CFO

Deutsche EuroShop AG (DES) has appointed Hans-Peter Kneip as a full member of the Executive Board with effect from 1 October 2022. Kneip (43) will assume the role of Chief Financial Officer (CFO) and initially act as sole member of the Executive Board. The search for a new Chief Executive Officer (CEO) is still in progress.
Friday, 16. September 2022

JD Sports to double its presence at Bullring & Grand Central

Hammerson has announced that JD Sports will more than double its presence in Bullring & Grand Central, in a clear signal of the destination’s strength as well as a firm commitment to Birmingham as a thriving city.
Thursday, 15. September 2022

Cristine Hager joins Sonae Sierra’s executive team

Christine Hager will be joining Sonae Sierra’s executive team as the new Director of Property Management in Germany, starting October 1, 2022. Christine will be responsible for the management, leasing, legal and marketing of the assets managed by Sierra in Germany. In this new position, as Director, she will report directly t...
Friday, 9. September 2022

MUJI undergoes a brand-first refurbishment at CBRE IM’s Angel Central

CBRE Investment Management has announced that Muji, the Japanese retail company specialising in household and consumer goods, has refurbished its Angel Central store, and introduced a community market to champion local brands. The revamped store is a first of its kind for the brand in the UK.
Thursday, 8. September 2022