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THE LATEST PLACEMAKING NEWS

Known worldwide for its iconic designs and sustainability leadership, last winter Timberland unveiled its new “purpose-led place” store environment in select cities around the world, including New York, London, Philadelphia and Shanghai. The retail industry has taken notice.

A company from Chariot platform, managed by Griffin Real Estate, a private equity investor operating in the real estate sector, signed an agreement with Auchan Poland to extend the lease of its six retail properties totaling 83,000 sq m. The lease agreement was signed for the period of over 12 years. The transaction is certainly one of the largest retail leases that has been closed in Poland.

CBRE Global Investors has announced the significant completion of a key milestone, the raising of the angel wing sculpture, as part of the centre’s £16m refurbishment plans at Angel.

The HATRIC Q2 retail park in Hartberg, Styria (Austria) has changed hands. Having previously acquired the adjacent phases HATRIC Q3 and Q4 from Rutter Immobilien Gruppe upon completion in 2017, Union Investment has now also secured the Q2 building with its approximately 6,800 sq m of rental space, which opened in 2005.

pbb Deutsche Pfandbriefbank has extended an investment loan facility in the amount of €89.7 million to the European Outlet Mall Fund, a real estate fund managed by Nuveen Real Estate, one of the largest investment managers globally, for the financing of phases 1,2 and 5 of “Designer Outlet Parndorf” centre near Vienna. pbb acted as arranger, lender, agent, and security agent under the facility.

VIA Outlets – Europe’s fastest growing owner-operator of premium fashion outlet destinations – has partnered with leading testing and certification expert Bureau Veritas in the light of Covid-19 to create a ‘Safer Shopping’ certificate, which has now been granted to every centre in VIA Outlets’ 11-strong portfolio.

Primark announces the rollout this week of its nation-wide recycling programme, inviting customers to donate their pre-loved clothes, textiles, footwear and bags from any brand to be ‘re-loved’ via the Primark In-Store Recycling Scheme.

Multi Corporation is pleased to announce the appointment of Diederik Bakker as Director Asset Management, effective 1 July 2020. He will be responsible for Multi’s asset management activities in the Netherlands, Belgium, Germany, Ireland, Portugal, Spain and UK.

Sinsay, the Polish LPP brand signed with Colosseum Mall to open its flagship store in Bucharest, thus bringing an unique concept to the Romanian market. With a surface of 2000 sq m, the store from Colosseum Mall is going to be the largest LPP store in Romania, Sinsay branded.