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THE LATEST PLACEMAKING NEWS

As the portfolio manager for the open-ended special AIF Vontobel Sustainable Real Estate Europe, Quadoro Doric has acquired the office and commercial building “Marble” in a central downtown location in the Finnish city of Turku. Turku is the sixth largest city in Finland with a population of around 190,000. This is the AIF‘s second purchase in Finland.

Popular German eatery Herman Ze German is to open its first UK site outside of London at Grand Central, Birmingham. Due to open on April 1st 2019, the brand will be located next to Tortilla within Birmingham’s iconic Bullring Estate, which comprises Bullring & Grand Central, and Link Street.

Sloane Stanley has announced that luxury sofa and bespoke furniture specialists, The Sofa & Chair Company, has opened an exclusive pop-up at 320 King’s Road. The pop-up calls upon established retail partners, from the King’s Road, to create new bespoke showrooms for visitors.

NewRiver has announced the opening of a new Primark store at Priory Meadow Shopping Centre, Hastings. Primark, a leading international retailer and NewRiver’s sixth-largest tenant by rental income, occupies a unit with a 40,000 sq ft gross internal area and joins a strong retailer line-up at the centre that includes H&M, a recently-enlarged JD Sports, Poundland, Boots and Superdrug.

Shelley Sandzer, the leading specialist UK leisure property agency, has acted on behalf of the brand in a deal which will see Neapolitan sourdough pizza brand, Franco Manca, secure its next London location at 29/31 Greenwich Church Street, due to open in April.

CBRE arranged leases of two new shops to Spanish jewellery brand TOUS. Its new locations are at Arkády Pankrác in Prague and Olympia in Pilsen. These two shops are the 11th and 12th outlets of this successful company in Czechia which came here three years ago. During the cooperation, CBRE helped open as much as half of the brand’s shops in the country. The expansion documents how successful TOUS is on the Czech market.

British Land announces that John Gildersleeve will retire as a non-executive director and step down as Chairman of the Company at the conclusion of this year’s AGM on 19 July 2019. John joined the Board as a non-executive director in 2008 and has served as Chairman since January 2013.

IMMOFINANZ recorded strong growth in the number of visitors to its retail properties in 2018: More than 142 million customers visited the STOP SHOP retail parks and VIVO! shopping centers with over 800,000 sqm of rentable space. That represents an increase of roughly 20 million visitors, or 16.7%, over the previous year. On a like-for-like basis, i.e. after an adjustment for acquisitions, sales and completions, the number of visitors rose by 4.8% to approximately 128 million. The retailers operating in the IMMOFINANZ retail parks and shopping centers generated a year-on-year increase of nearly 5.0% in their gross sales revenues.

Primark has launched its first ever range of jeans made from 100% sustainable cotton. Produced in three different washes (indigo, black and light blue), the women’s skinny jeans will be sold in stores across all markets, at a cost of £13/€17. Primark’s customers are looking for amazing fashion at an affordable price, and this range is no different.

redos Group, one of Germany’s leading real estate specialists for the retail sector, acquired a total of 18 new properties last year for its two restricted alternative investment funds offered in partnership with Union Investment, the Redos Einzelhandel Deutschland fund and the Redos Einzelhandel Deutschland II fund. With these additions to the fund portfolios, total invested assets rose to approx. EUR 1.3 billion, a year-over-year increase of some 37 per cent.

Hamburg-based redos Group, one of Germany’s leading retail property specialists, has announced three major new additions to its team: Jan Steinhauer (43) as Technical Head, Dr. Till Dunemann (38) as Director and Project Head – Rhein-Ruhr Zentrum, and Mathis K. Freundl (32) as Finance Manager.

Comprehensive offer of Galeria Chełm in Poland, the Acteeum and Equlis joint venture, has been enriched with further four brands. Esotiq, Play, Kantor Promes and ecological laundry will join the tenants’ pool of the first shopping center in Chełm. The new brands will expand the shopping offer and provide an opportunity to meet the customers’ everyday needs in a modern and friendly environment.

The St David’s Partnership, owners of St David’s in Cardiff, one of the UK’s premier retail and leisure destinations, has announced a newly upsized store for Danish shoe retailer, ECCO. The brand has moved to a new store on Upper Grand Arcade near John Lewis.

LabTech, owner of Camden Market, has unveiled plans for the redevelopment of Buck Street Market, due to launch in Summer 2019. Comprising 52 recycled shipping containers, Buck Street, will expand on Camden’s retail and dining offer for local visitors.