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Retail

STRATEGIES AND EXPANSION PLANS OF RETAILERS

In the heart of Riga, a revolution in retail festivity is unfolding. Spice Riga, a leading shopping center, is transforming into a breathtaking Christmas paradise, thanks to a groundbreaking collaboration with MK Illumination. This bespoke project, planned for 2023–2025, is not just a decoration initiative, but a reimagination of the shopping experience during the most wonderful time of the year.

MEC will continue to be responsible for the management of six retail locations in the KGAL Investment Management portfolio. In addition, the management of two further locations will be transferred to MEC. The two companies have now signed an agreement to continue and expand their existing partnership. With the management package transferred to MEC, the Düsseldorf-based retail real estate specialist operates over 130,000 sq m of lettable retail space for KGAL.

Tissot’s first flagship further enhances the strong luxury watch and fine jewellery portfolio across the Covent Garden estate, joining global brands Bucherer, Hublot, OMEGA, Tag Heuer, Tiffany & Co. and TUDOR, as well as recently opened Messika and Girard-Perreguax.

Mitiska REIM has announced that following the successful completion of its value creation program, it has completed the sale of 25 retail parks in Romania to LCP Group for 219 million euros. This sale is one of the largest retail real estate transactions in Romania and more than doubles the original investment over an average holding period of 5 years for investors in the FRI and FRI 2 funds which owned the assets.

LOEWE is one of the largest luxury companies in the world. Craftsmanship, progress and unsurpassed expertise in handling leather are the cornerstones of LOEWE, which has a 170-year history.

It’s a good and atmospheric start to the pre-Christmas business: that much can be said after the first Advent weekend and a high-turnover Black Week in the previous week. Center operator SES and store owners are entering the coming weeks in an optimistic mood.

The recently opened flagship store at P.C. Hooftstraat 132-13 showcases the company’s new brand identity and is a collaboration with the Dutch watch retailer Schaap en Citroen Juweliers. The brand’s largest store worldwide offers customers a brand experience back to its origins.

For a long time, the footwear market was one of the driving forces in the retail sector. Recently, however, hardly any other segment has seen as many insolvencies. However, where there are losers, there are always winners as well. In 2023, Deichmann is planning to make the highest corporate investment in its history – 500 million euros – and is investing in around 200 new locations worldwide.