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THE LATEST PLACEMAKING NEWS

Focus Estate Fund is expanding its operations in Poland with the acquisition of the Ferio Legnica, a Shopping Centre in the city of Legnica in southwestern Poland, from Austrian Raiffeisen Bank International. The center comes with a leasable area (GLA) of approximately 13,200 sq m, including retail space of 11,965 sq m and a footfall of approximately 2 million a year.

ECE is further developing the G3 Shopping Resort Gerasdorf near Vienna and is expanding the offer and tenant mix of the center with its more than 130 stores with new retail, product testing, and experience areas. The aim is to create a unique sport and outdoor focus – on a 5,000 sq m indoor sports retail area and a 3,000 sq m outdoor sports area – as an additional attraction for the center.

ACROSS presents: Exclusive Study Tour to Lisbon. The world metropolis has always been a center for commerce and marketplaces. Together with Rüdiger Pleus Consulting and the Portuguese Shopping Center Association APCC – Associação Portuguesa de Centros Comerciais – we will examine on May 18th and 19th 2023 how Lisbon promotes innovations and shapes the future of retail.

Shaftesbury has announced the signing of heritage hat brand, Stetson, as their first UK flagship in Seven Dials. Positioned in London’s West End at 58 Neal Street, the new store will span 108 sq m and include an eclectic range of the brand’s signature styles.

The redos Group has acquired the “Mariendorfer Damm” commercial center in Berlin’s Tempelhof district. The property was acquired as part of an asset deal for Union Investment’s special Alternative Investment Fund (AIF) called “Redos Einzelhandel Deutschland III”.

MIPIM, the world’s largest international real estate event, has launched the Road to Zero Area to accelerate the transformation of the built environment towards a more sustainable model. The new dedicated 400 sq m zone will combine exhibition, networking, and conference space, focusing on practical methods to decarbonize the real estate industry.

John Lewis and Partners are bringing a unique big sale event outside of their store in centre:mk, with a special furniture-and-large-electricals pop-up, in addition to their January sale. With more bargains from top brands to be had, the event will run over 3 days, from 13th to 15th January, with up to 40% off sofas, furniture, and large electrical goods.

The Czech retail market once again proved its appeal to retail brands, with 38 new arrivals last year. That is the same figure as in 2021 when the influx of 38 new brands was partly the result of the postponement of some entries due to the pandemic. These numbers represent a roughly 50% increase compared to 2019 (22 brands) and 2020 (25 brands).

The O2’s Entertainment District and shopping destination, Icon Outlet, which are owned and operated by Waterfront Limited Partnership, a joint venture between AEG and Crosstree Real Estate Partners, are looking ahead to a successful 2023, following a year of strong performance results and several, notable new brand signings and openings in 2022.

MK Illumination has achieved a sales growth of 14% despite challenging times and celebrates the most successful year in the company’s history. The significant growth from 140 to 160 million euros underlines the importance of lighting for the mood of people around the globe. Whilst keeping its sales stable in its home markets, MK Illumination has recorded strong growth worldwide in Scandinavia, the USA, Mexico, the Emirates, Saudi Arabia, and Turkey, with a renewed lighting focus in Manhattan, New York.

IMMOFINANZ has expanded its high-yield and fully rented retail portfolio in the 2022 financial year. As a result of acquisitions and completions, the portfolio has grown from 111 to 169 locations in ten European countries over the course of the year, with a carrying amount of approximately EUR 2.3 billion (excluding S IMMO). Rentable space increased by nearly 30% to approximately 1.36 million sq m.

“By investing in human capital, business development and sustainable business strategy, a crisis cannot meet you unprepared”, states Jovana Cvetković, Development, Technical Operations and Innovations Director at MPC Properties. Investing in ESG on all levels is key in 2023 for companies like MPC Properties.