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Sonae Sierra, the developer and service provider for vibrant retail-centred properties, has acquired a 50% stake in Balmain Asset Management Group’s Central European platform.

Phase 2 of the Duty Free zone, laid out on an area of 53,000 sq m at Istanbul Airport, was opened on January 15, 2019.

Unibail-Rodamco-Westfield Germany looks back on a successful business year; the strategic focus for 2019 further on lies on optimizing the existing portfolio.

SIGNA has acquired Gänsemarktpassage in Hamburg from MEAG, the asset manager of Munich Re and ERGO.

Trei Real Estate GmbH (Trei), an international developer and property company from Germany for residential and retail real estate, has decided to enter the US housing market. As their first investment, Trei is developing a multi-family property in North Carolina.

Center operator Unibail-Rodamco-Westfield Germany and the Swedish Digital-Out-of-Home (DOOH) provider Visual Art have been working together since the beginning of January 2019.

NEINVER, the leading outlet operator in Poland and Spain and a market leader in Europe, announced it has taken over the management of Silesia Outlet located in Silesia, Poland. The outlet centre currently being developed is scheduled to open this spring in the city of Gliwice. The investor of the facility is 6B47, one of the leading developers in the German speaking countries. NEINVER will be responsible for management, marketing and leasing.

Sonae Sierra and the Slovakian real estate developer Peter Korbačka have signed a joint venture agreement to acquire the GranCasa (Zaragoza), Valle Real (Camargo) and Max Center (Barakaldo) Shopping Centres, in Spain.

Demonstrating the continuing resilience of outlet centres, Christmas trading at London Designer Outlet (LDO) in Wembley Park illustrated customers’ enduring interest in quality, choice, year-round discounts and good service.