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THE LATEST PLACEMAKING NEWS

PROFI network is expanding, inaugurating new stores while also taking over already-existing networks. The most recent development involves acquiring a group of 18 supermarkets from the local peer Pram Maya.

Realm has won a Revo Gold Award in the Re:fresh category for the stunning £7m redevelopment of Livingston Designer Outlet beating off stiff competition from schemes in Reading and Bedford.

Savvy bargain hunters boosted revenues over the Christmas holiday period at London Designer Outlet in Wembley Park, the capital’s leading fashion and lifestyle outlet centre.The results show the ongoing appeal of aspirational and desirable brands at up to 70% off RRP throughout the year, and at up to 85% off during seasonal sale periods such as the Boxing Day sales.

A jointly owned holding company and affiliates of intu properties and Canada Pension Plan Investment Board have exchanged contracts to sell intu Puerto Venecia shopping centre to Generali Shopping Centre Fund S.C.S. SICAV-SIF and Union Investment Real Estate GMBH for €475.3 million (intu share €237.7 million).