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Ylva Sarby Westman is to be the new CFO of Kungsleden. Ylva will remain the Group’s Deputy CEO. At the same time, Kungsleden’s management team will be strengthened by the addition of Fredrik Sandell, the company’s current Treasurer.

According to Bloomberg, a fund managed by Apollo Global prevailed over two further bidders.

The Coronavirus pandemic is having a huge impact on the German economy. One side effect of social distancing and the restrictions on movement is empty, unused properties. However, the operating costs for office buildings, manufacturing plants, restaurants and retail outlets still have to be paid.

The business development of Deutsche Konsum REIT-AG is proving to be very robust in the environment of the current Covid 19 pandemic.

A group of some of the biggest commercial property market leaders are supporting the personnel of 11 hospitals and medical centres across Poland through daily deliveries of meals.

Toolbox Group founder and CEO Michelle Buxton has announced Ed Cooke, former Revo CEO, as their new Global Growth Director.

The “Leiner Areal” project on the west side of the Rathausplatz in St. Pölten’s city centre has received a greenlight. A cooperative procedure to prepare a development concept is currently starting.

Propel by MIPIM 2020, (previously PropTech Europe), the leading European business event for the real estate and innovation ecosystems, has been rescheduled to September 14-15 due to concerns related to the coronavirus.

The decision of the authorities to temporarily suspend the purchase of goods considered non-essential from the shopping centers affects more than 9,000 stores and each day when they are closed equals with between 15 and 20 million euros lost from unearned income, according to an analysis made by the real estate consulting company Cushman & Wakefield Echinox.

Representatives of the shopping and entertainment mall development industry addressed a collective open letter to the authorities to initiate an urgently needed dialogue regarding consolidation of actions.

Under the umbrella of Croatian Employers Association (CEA), the Coordination of non-food retail and shopping centers has been organized upon the initiative of the Developers Association and Retail Association both under CEA in Zagreb on March 26, 2020.

Financial expert Thomas Dries will support SIGNA in the area of banking as well as on the international capital markets.He will carry out his activities from SIGNA’s Berlin offices.

“Let’s create and open a virtual Madrid, Paris, Budapest, Vienna, Munich, Milan or Venice for our avatars, virus-free, with the recovered turquoise lagoon, a crowded Piazza San Marco, hundreds of flying doves, etc.”

Many fashion retailers suspend their lease payments because their stores are shut down due to the corona crisis. Even H&M Germany is not paying rent for its 460 stores anymore.

What we are experiencing these days is unprecedented. Unprecedented in terms of the changes that will come. Unprecedented in regard to the question “how do we go on from here”, and also unprecedented when it comes to the constant as well as instant switches between optimism and sheer pessimism.

Josip Kardun has 20 years of pan-European real estate investment and management experience. He previously served as CEO of Blackstone’s largest European operating platform where he managed over €10 billion of assets across 14 countries.

MIPIM 2020, scheduled to take place June 2-5 in Cannes, is transforming into a two-day, Paris-based gathering of real estate and technology leaders in September and a new online experience, MIPIM Connect, available year-round.