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THE LATEST PLACEMAKING NEWS

back from left to right: Anna-Katharina Skrzipek, Senior Asset Manager, URW / Simon Splittgerber, Asset Management Retail Deutschland, Union Investment front from left to right: Olaf Ley, Director of Investment Austria & Germany, URW / Andreas Hohlmann, Managing Director Austria & Germany, URW / Ralf Schaffuss, Leiter Asset Management Retail Deutschland, Union Investment / Lars Richter, Head of Asset Management Retail, Union Investment // credit: Union Investment

Union Investment and Unibail-Rodamco-Westfield extend long-term management contracts for three major retail real estate assets in Germany

Unibail-Rodamco-Westfield (URW) and Union Investment have maintained a very successful partnership for many years in relation to Köln Arcaden, Riem Arcaden in Munich and Spandau Arcaden in Berlin, which are among the leading retail properties in the sector. With the management contracts, which have now been extended ahead of schedule on a long-term basis, the two companies are once again confirming their cooperation and creating a long-term joint perspective for the three top assets. In future, the focus will be on further optimising the tenant structure in line with the major sector megatrends as well as on mixed-use components and sustainability measures.

credit: Umbdach/CBRE

LE BIG TAMTAM IN HAMBURG: A COLORFUL GASTRONOMIC EXPERIENCE IN A CLASS OF ITS OWN

“Le big TamTam” is an extraordinary project in the heart of Hamburg’s city center that combines culinary diversity, entertainment, and modern shopping – all within a heritage-protected building. A colorful food market, complete with an event stage and central bar, is being developed on an area of 2,000 sq m in the basement level of Hamburg’s Hanseviertel district. Extensive remodeling work has been underway since last year. The team at umdasch The Store Makers is responsible for general contracting work and furniture construction for this flagship project.

credit: Galeria

Galeria Karstadt Kaufhof insolvent again

The German Signa retail subsidiary Galeria Karstadt Kaufhof has filed for insolvency. The German department store chain announced that a new owner is being sought. The insolvency affects 92 department stores and more than 15,000 employees.

Hamburg STADTHÖFE continues on its successful course

Full occupancy of the Görtz Palais am Neuen Wall has been achieved. The range of restaurants and retail outlets has been expanded and innovative developments are being driven forward. A modern bicycle garage will open this year.

credit: CBRE

CBRE to manage STOP SHOP retail park portfolio in Serbia

CPI Property Group has appointed CBRE as manager of its STOP SHOP retail park portfolio in Serbia, which comprises 14 retail parks in 14 cities and more than 120,000 sq m of leasable area. CBRE will provide integrated asset management solutions, including financial and property accounting services, leasing services, and will oversee all operational aspects of the property and tenants.

Vendo Park, Zambrow, Poland. /// credit: Trei Real Estate

In 2023, Trei Invested around 35 million Euros in Retail Parks in Poland

Trei Real Estate GmbH (“Trei”) just opened the 38th retail park of its Vendo Park brand in Poland. The property is located in Konin, a town of around 80,000 residents in the Greater Poland voivodeship. The new Vendo Park has a lettable area of around 5,400 sq m, with units let to Aldi, Rossmann, Pepco, Dealz, Kakadu, Sinsay and Piekarnia Grochola. On the whole, Trei invested about 6.4 million euros in the property.

credit: Placewise

Centers and their tenants need a joint focus on the end user!

Susan Hagerty Bonsak is the new CEO of Placewise and, in this role, one of the recent members of the ACROSS Advisory Board. She strongly believes in footfall and the future of physical malls. In her first interview with ACROSS, she shares her view on the European shopping center industry, the importance of data connected with technology, and why a collaborative focus of all stakeholders is so important.

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Data exchange in the placemaking industry: Is data-sharing equal to data-caring?
The exchange of data puts the tenant-landlord relationship to the test. While the advantages of data sharing are obvious, tenants in particular find it difficult to share relevant data. The main reason for this is a lack of trust in how this data is used.
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