July 1, 2020

MAPIC will be held at the Palais des Festivals in Cannes from 17 to 19 November, 2020. Its theme of Embracing Collaborative Retail, along with the entire programme, has been designed to support and give an extra boost to the international retail property industry, which has been hit hard by the current health crisis.

Since reopening last Monday 15th June 2020, average transactional spend has increased by 11% across the three quarters of stores which have reopened.

The Supervisory Board of Commerz Real has appointed Gabriele Volz as Chief Executive Officer of Commerz Real. She will take up the position on 1 January 2021.

Real Estate investor Altera Vastgoed NV announced that Roelie van Wijk-Russchen was appointed as member of the Supervisory Board of Altera by the General Meeting of Shareholders on 24 June 2020.

Union Investment Real Estate GmbH is expanding its senior leadership team. With effect from 1 July 2020, Christoph Holzmann (43) will be appointed to the Management Board of the Hamburg-based real estate investment manager as its fourth member, subject to approval by the Federal Financial Supervisory Authority (BaFin).

In the extraordinary circumstances following the outbreak of Covid-19 pandemic, Citycon continues to show strong result.

The French bistro La Parisienne opens in September.

Up at The O2 has announced it will officially reopen its doors on 4 July offering a more intimate and memorable experience than ever before and with enhanced health and safety measures in place. In line with social distancing guidelines, each climb has been reduced to less than half the capacity previously in place (from 30 to 10 people), giving a more exclusive experience to visitors.