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THE LATEST PLACEMAKING NEWS

The New York fashion company Polo Ralph Lauren is opening a new 160 square meter store on the first floor of the Mall of Berlin in Berlin-Mitte. The opening is scheduled for mid-November 2020.

The direction of development of the European company in Poland is primarily the further implementation of innovative, highly aesthetic projects in line with the idea of sustainable construction.

Shaftesbury has announced the launch of an all-new initiative, ‘Start Up with Seven Dials,’ an exclusive offering providing brands born from the ‘kitchen table’ during lockdown, the ultimate business incubator pop-up space to operate from in the heart of London’s West End for a limited time this Autumn.

IKEA has an ambition to become climate positive, reducing more greenhouse gas emissions than the IKEA value chain emits. For Ingka Group, this means that the future of energy is renewable, and that’s why it has invested heavily in wind and solar power over the past decade. Most recently, IKEA Finland, through Ingka Investments, has completed and transferred the ownership of three new wind farms to IKEA Oy.

Swiss Prime Site Immobilien AG decided to transform the regional shopping centre A1 in Oftringen into an attractive retail park at the end of 2018. The centre, which was previously used by small-scale general goods retailers, was to be converted into a spacious, modern meeting point to appeal to do it yourself (DIY) customers in particular.

MEC METRO-ECE Centermanagement GmbH & Co. KG is successfully continuing its growth strategy. As of October 1, 2020, the German market leader for retail parks takes over ten retail properties of HanseMerkur Grundvermögen AG in Bavaria. The total rental space of this “Bavaria portfolio” amounts to just under 60,000 sq m.

The opening of the largest inner city regeneration project in Rotterdam in recent years, FORUM Rotterdam, took place on 24 September 2020, with a small gathering and in full compliance with the current COVID-19 guidelines. The opening event of this mixed-use project took place in the theatre of Donner bookshop, in the presence of Alderman Bas Kurvers of the Municipality of Rotterdam, developer Multi Netherlands, and the investors Deka Immobilien GmbH, Primark Netherlands B.V., Syntrus Achmea Real Estate & Finance and a.s.r. real estate.

Despite the economic difficulties dictated by the global COVID-19 pandemic, BALFIN Group has not withdrawn from investing in expanding and improving its retail network. JUMBO and SPAR have opened two new stores in the tourist cities of Vlora and Pogradec, being closer to consumers and helping employment in these cities.

Ingka Group has given support and signed up to a new guide raising the bar on climate leadership, ’Climate Leadership Now: The new bar for business action on climate change’, published by the We Mean Business coalition*.

Icon Outlet has revealed its performance figures for the 12-week period post-lockdown, with sales increasing by 30% between the first week and the 12th. Sales have trended from approximately 65% of previous year like-for-like at reopening to around 95% like for like in weeks 11-12. Icon Outlet’s weekly footfall has also doubled since reopening and now stands at 75% of prior year footfall. The latter compares to an average footfall of 59% of pre-Covid levels for the average London High Street according to Springboard*.

As a result of the course taken by the pandemic, Messe Frankfurt will not be holding any of its own physical trade fairs at the Frankfurt exhibition grounds between January and March 2021. The company is revamping its spring trade fair calendar to focus on new synergies and new digital offerings.

As part of the ambition to advocate for urgent and ambitious climate action and policies, Ingka Group will actively and virtually take part in the UN Climate Action Summit and other high-level events like Climate Week, WEF Sustainable Development Impact Summit from September 21-27, 2020.