April 2021

Hammerson has exchanged unconditional contracts on the portfolio sale of its seven retail park assets to Brookfield for £330m cash proceeds, representing an 8% discount to the 31 December 2020 book value of £357m. This transaction concludes Hammerson’s exit from the UK retail parks sector.

AG Real Estate is innovating by developing “Click2Shop”, the first Belgian marketplace platform shared by its shopping centres in central Brussels.

Primark’s new flagship store in Forum Rotterdam, developed and managed by Multi Corporation, has opened its doors. The store, which has created more than 300 new jobs, is Primark’s 21st store in the Netherlands and 392nd globally.

Deutsche Investment just acquired the Rödertalpark” retail warehouse park of around 15,560 sqm in Grossröhrsdorf (Saxony, Germany) for its latest separate asset pool, “Deutsche Investment – Food Retail I.”

Young female shoppers like second-hand goods because they are eco-friendly.

Florian Wieser, CFO of MediaMarktSaturn Retail Group, to serve as Ceconomy Group CFO as of 1 May 2021.

Neinver, as part of its commitment with the communities, has launched an initiative at all its outlet centres in Europe to support art by promoting local talent, and to excite consumers with an explosion of optimism, colour and energy.

Hammerson is pleased to announce the appointment of Himanshu Raja as Chief Financial Officer (CFO) and Executive Director. He will succeed James Lenton who gave notice of his resignation to the Company in January 2021.

Cushman & Wakefield’s Central London Retail team has been appointed by The Crown Estate to lease The Quadrant Arcade, a prime retail-led mixed-use asset located between Regent Street and Air Street, London W1. The appointment is joint with CBRE.

With the goal of reaching 5,000 stores worldwide, JYSK will need a lot of new Store Managers in the coming years. A new, huge Employer Branding campaign based on the help of current Store Managers is planned to reach that goal.

Landsec has announced that Italian luxury fashion brand Armani has opened its first-ever outlet in Essex at Braintree Village, in line with non-essential retail opening across the country.

SES Spar European Shopping Centers, Austria’s market-leading shopping center developer and operator, now holds a seat on the Supervisory Board of the new European Council of Shopping Places (ECSP) and is one of its founding members.

Sainsbury’s has opened the doors to its new Wapping London Dock Local store, with the modern convenience store now open to customers from 7am through to 11pm seven days a week.

The SINSAY and HOUSE brands belonging to the LPP group will open their only stores in the city in the Retalia Retail Park. Both brands will occupy a total of over 1,300 m2 of leasable space.

In association with various local partners, Klépierre has set up several initiatives to fight Covid-19. An antigen testing point at La Romanina shopping center near Rome opened earlier in March. The shopping center can accommodate about 25 patients per day, by appointment.

Castellana Properties has acquired a four-storey office building comprising over 4,600 sqm GLA from Aliseda. The building is adjacent to Los Arcos shopping centre and will now form part of an ambitious plan to transform and upgrade this space, with Castellana Properties set to invest a total of €15.6 million.

Reed Midem recently announced that the event will take place on September 14 and 15, 2021 at a new location in Milan–the Superstudio Maxi.

With the much-anticipated reopening of non-essential shops finally here, businesses will be welcoming locals back into their stores. For one street in Poole, the 2021 easing of lockdown is particularly exciting: Poole’s Kingland Crescent has been completely revamped as part of LGIM Real Assets strategy to re-invent and re-position their retail places.

The Empik chain will open its store in the region’s largest retail and service facility, “Sekunda”, in Jędrzejów. The store will occupy 170 sq m of leasable space.