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THE LATEST PLACEMAKING NEWS

Debenhams confirms that its administrators, FRP Advisory, have concluded the initial sale process that was part of their assessment of options for the UK business in administration.

Landsec has announced that Zara yesterday opened its first new concept store in the UK at Bluewater, one of Europe’s leading retail and leisure destinations. The 37,000 sq ft store, which is double the size of Zara’s previous store at Bluewater, shares its design with Zara’s other global flagships in Barcelona and Dubai.

Both, VIA Outlets and Neinver have been awarded a 5 Star Rating in the 2020 GRESB Real Estate Assessment. The highest GRESB score available, it is a recognition for being an industry leader of sustainability and represents entities placed in the top 20 percent of the benchmark.

European urban real estate investment manager Redevco finished the large-scale renovation of Parque Corredor in Madrid. The construction works, which started a year ago, have been completed ahead of schedule despite the extensive measures issued by the Spanish government in response to COVID-19. More than 300 workers continued building works in shifts during the so-called lockdown period, after assuring the implementation of a very strict Health & Safety protocol.

Icon Outlet at The O2 has announced international designer brand, Lacoste, is the latest retailer to sign for its newest outlet store at the destination. As one of the leading shopping destinations in London, Lacoste is set to join Icon Outlet’s robust retail offering of over 60 brands including, Hugo Boss, Tommy Hilfiger, Levi’s, GAP, Nike and adidas.

The great majority of shopping centres should reopen on Thursday 3 December. The footfall and revenue figures show that customers have not given up on visiting shopping centres in the long-term perspective or changed their shopping habits dramatically. Following the reopening after the first wave of the corona crisis, both performance indicators grew again, and revenue even exceeded last year’s figures in a year-on-year comparison. The impact on footfall and turnover was lower in the second wave, with footfall slightly growing in recent weeks. Considering that Christmas is coming, we can expect customers to return to shopping centres quickly as soon as they are allowed to, resulting in an exceptional increase in footfall and revenue.

Recruitments, promotions and appointments…

SIGNA Prime and SIGNA Development are becoming participants of the UNGC. +++ Commitment to the UNGC’s model of sustainable development and ten universal principles.

The Urban Land Institute (ULI) has announced the appointment of Denis Sokolov, Partner and Head of Research and Insight at Cushman & Wakefield, as Chair of ULI Russia – one of 14 European National Councils.

Ingka Group reported a total revenue figure of EUR 37.4 billion (EUR 39.2 billion FY19) for FY20i across its three business areas (IKEA Retail, Ingka Investments and Ingka Centres), despite the challenges presented by the COVID-19 pandemic. The company remains guided by its commitments to people and planet and has continued to accelerate investments in online and sustainability – and to make strides on its transformation journey.

Six shopping centres managed by Multi Poland have been awarded with Bureau Veritas’ hygiene and safety label, SafeGuard. The SafeGuard certification designates a property that has met stringent sanitary requirements related to minimize the onsite risk of virus spread and is complying with best-in-class hygiene and safety protocols, ensuring a safe reopening of the shopping centres after the current partial lockdown.

Westfield last year launched ten centres in France, Sweden, Poland and Czech Republic and Westfield Mall of the Netherlands will be the eleventh in Continental Europe when it opens in March 18, 2021. The Mall is already 85% pre-let as another 21 new brands sign from Fashion, Food & Beverage and Outdoor categories join the new Westfield lifestyle destination.

HMSHost International and NEINVER are proud to open the first food & beverage stores at Amsterdam The Style Outlets, the newest shopping destination of the Netherlands. From today, shoppers will have the opportunity to enjoy Starbucks, Burger Federation and Pommes Frites while they shop, expanding HMSHost’s footprint in Outlet shopping and giving more opportunities for the company to demonstrate their hospitality strengths.