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THE LATEST PLACEMAKING NEWS

Hammerson sells Silverburn shopping center to Henderson Park

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.

Where do our online sales go?

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 buys convenience center in Helmond (NL)

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 opens 29th Vendo Park in Poland

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 celebrates delightful success

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 buys Galeria Bemowo shopping center in Warsaw

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.

TwentyTwo buys Chasse Sud retail park in France

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.

GRR Group initiates extensive ESG focus

“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 acquires food-anchored shopping center in Florida

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.

Together we are strong@Flying Solo NYC

In the city that is returning to vibrant life and where anything is possible, you’ll also find one of my absolute favorite stores, right on West Broadway, in the middle of SoHo: Flying Solo. Elizabeth Solomeina, a Russian-born jewelry designer and sculptor, teamed up with about 30 other creatives in 2016 to start this marketplace for unique fashion pieces.

Sinsay gets flagship expansion at Westgate

The fashion brand Sinsay, which is part of LPP Group from Poland, has launched its new store at Westgate Shopping City. They have been a loyal tenant at the center for years and now relocated to an expanded shop with a new concept that includes both fashion, and home accessories.

Scallier’s retail park in Turda cleared for construction

Scallier has obtained the building permit to construct another retail park in Romania. Situated in Turda, the development will provide around 9,000 sqm of space to let. Populated by some 50,000 people, Turda is a town in the northern part of the country.

Food retailing in historic upheaval in Germany

Over the past ten years, the food retail sector has recorded sales growth of well over 35 percent, and last year’s figures for 2020 confirm the steady growth with annual sales of around €190 billion.

Focus Estate Fund has closed the deal on the sale of its Czech portfolio

Focus Estate Fund has finalized the deal on the sale of two of its retail properties in Czech Republic to DRFG investment group: Centro Ostrava Retail Park (GLA 7, 699 sq m) in Ostrava and Most Retail Park (GLA 6, 471 sq m) in Most. The Fund acquired these assets in 2016 and 2017, respectively.

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