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THE LATEST PLACEMAKING NEWS

In view of the exponential worsening of the pandemic situation worldwide and the accompanying tightened travel and contact regulations, the consumer goods fairs Christmasworld, Paperworld and Creativeworld planned for January 2022 and Ambiente for mid-February 2022 are cancelled. There are no plans to postpone the events.

IPH Handelsimmobilien GmbH is strengthening its transaction lineup with the appointment of Jürgen Kreutz (56) as Managing Director Transactions. In this leading position, he will expand the group’s transaction business nationwide and with his experience in the high-street segment, his focus is on inner-city retail locations.

Niam has acquired Väsby Centrum and Bålsta Centrum, both with strategic locations close to important commuter hubs in northern Stockholm, from Grosvenor Europe. The properties have a variety of necessity driven retail such as grocery, healthcare, and restaurants.

Following its market entry in Italy, Immofinanz is continuing the expansion of its STOP SHOP retail park brand in the Adriatic region. In Croatia, the number of retail parks is to be increased from currently four to more than 20 locations in the medium term.

I recently discovered the social concept store “SCHÖN&GUT” at Preßgasse 28 in Vienna-Wieden. As I drove by, the displays communicating with the viewer aroused my curiosity. Inside, I was not disappointed–unique products made sustainably and with social responsibility are lovingly presented. Customers are greeted warmly, you already feel welcome when entering!

Hammerson announced it has completed sales of six non-core assets for total gross cash proceeds of ~ €107.7m since the half year. The largest constituent is the exchange an unconditional contract for the sale of Silverburn, a 100,000 sq m shopping center near Glasgow.

A recent study by RegioData Research, which analyzed online stores, shows how Austrians shop on the Internet. The results are sobering: only 27% of sales remain in Austria.

Altera Vastgoed NV has purchased the Brouwhorst neighbourhood shopping center in Helmond. The object is an open-air convenience center servicing the local community and was built in 1987. It consists of six blocks and was partially renovated in 2015.

Trei Real Estate GmbH opened another retail park of its Vendo Park brand in Radzymin, Masovian voivodeship, close to Warsaw. The total amount invested was 3.1 million euros.

MK Illumination records strong growth for 2021 not only in its home markets, but worldwide. The Tyrolean company is writing the most successful year in its history with sales of €140 million in 2021.

Futureal Investment Partners has acquired the Galeria Bemowo shopping centrr in Warsaw. The acquisition is the company’s third, following the Manhattan Shopping Center in Gdansk and Wratislavia Tower in Wroclaw.

Eurocommercial Properties NV (Eurocommercial) has sold Chasse Sud, its hypermarket anchored retail park at Chasse-sur-Rhône in France to TwentyTwo Real Estate, a European real estate investment and management firm.

“Local food retailers are particularly stable in value as an investment if they are sustainable. The demand for ESG-compliant properties, which promise higher profitability in the long term, is steadily increasing”

Union Investment has acquired the Fountains of Boynton shopping center in Florida. The complex, which consists of five buildings, is located in Boynton Beach, a centrally located suburban community in northern Palm Beach County, about 30 kilometers south of West Palm Beach International Airport.