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THE LATEST PLACEMAKING NEWS

PATRIZIA Immobilien AG, the global partner for pan-European real estate investment, has acquired a portfolio of 27 retail properties across Germany from Marathon Asset Management for around EUR 100 million on behalf of PATRIZIA Retail Opportunity SCS fund, increasing the portfolio of retail assets PATRIZIA manages across Europe to around EUR 8.3bn.

Supernova Invest GmbH, a leading private real estate company with a buy-and-hold investment strategy focused on high quality retail properties in Central and Eastern European countries, has announced the opening of the extended and refurbished Supernova Koprivnica shopping park in Croatia in mid-April 2019. Further refurbishments are planned for other Supernova retail assets in Croatia and Slovenia.

Yet another country was added to the JYSK world map, when the first store in Cyprus opened in Nicosia Mall on April 6,2019.

The LVMH group’s brand, Sephora, which is present in 5 out of 6 Wereldhave shopping centres in France, covering nearly 2,000 sq m, is re-engaging for a 10-year period. Sephora is the market leader in beauty products in France and is present at Côté Seine in Argenteuil, Docks 76 and St Sever in Rouen, Mériadeck in Bordeaux and Rivétoile in Strasbourg.

EPISO, an opportunity fund advised by Tristan Capital Partners, in partnership with Addington Capital, have sold a 4.5-acre residential site with consent for 447 units to Strawberry Star Homes. The site is alongside the joint venture partners’ Harvey Shopping Centre in Harlow, UK.

Trei Real Estate GmbH (Trei), a developer with over 10 years’ experience on the Polish commercial real estate market, is rapidly developing a network of convenience retail parks. The company, part of the German Tengelmann Group, has now opened its 11th Polish retail park, operating under the Vendo Park brand, in Bytów. This is the developer’s first investment in the Pomerania region. The total cost of investment was approximately EUR 4 million.

Deka Immobilien GmbH has acquired a retail park in Sweden for around EUR 70 million. Aberdeen Standard Investments European Real Estate Club II sold the property, which will be added to the portfolio of the WestInvest TargetSelect Shopping sector fund for institutional investors.

The retail and shopping center experts from CMde Centermanager und Immobilien GmbH are now responsible for the center management, property management and leasing of the Lenné Passagen in Frankfurt (Oder), Germany.

LabTech, owner of Camden Market, and Colliers International have created an innovative new approach to leasing the retail and F&B element of Hawley Wharf, the 580,000 sq ft mixed-use destination that is due to open in Camden this autumn.

Frenchgate Shopping Centre in Doncaster has received planning consent for a multiplex cinema and is currently in discussions with two well-known cinema brands. Work on the £8 million investment will begin later this year, ahead of a spring 2020 opening. The planning permission is part of an ongoing investment strategy by the centre’s owners, The Frenchgate Limited Partnership.