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Search Results for: retail property – Page 7

Warburg-HIH Invest Real Estate (Warburg-HIH Invest) has acquired Bernstein-Center, a mixed-use, non-discretionary retail quarter in the Bavarian town of Nittendorf. Located at Brunnenstrasse 1-3, the newly built quarter features a gross lettable area of around 6,500 square metres, as well as 48 underground car park spaces and some 110 outdoor parking spaces.

The first Europe-wide lockdown in spring 2020 sent retail markets from Scandinavia to the Iberian peninsula into an unprecedented state of collective shock. This was reflected in the European retail industry barometer, the Global Retail Attractiveness Index (GRAI), which plummeted to a historic low of 89 points in the second quarter.

Expansion despite the pandemic: SES Spar European Shopping Centers, developer and operator, has announced the opening to the general public of retail park of the Hungarian city of Kaposvár and the entire Somogy district, which will take place on 11 March 2021.

In Poland, 2020, a turbulent year, has brought about many changes in the retail market. The unexpected occurrence of the pandemic has complicated the situation for both contractors and tenants. However, Covid-19 has not so much initiated new trends as it has dynamized the existing ones. It is not only about the growing importance of the omnichannel approach, especially with regard to e-commerce; the increasing share of retail parks and convenience centers in retail sales also ranks as one of the key trends. As research has shown, smaller-scale commercial formats have been most successful in dealing with the challenges brought about by the pandemic.

Niam has divested an office and retail property in Algade, central Roskilde, in the greater Copenhagen area. The ~10,000 sqm property was previously headquarters to former Roskilde Bank and is a prestigious mixed-use landmark property located on the best high-street location in Roskilde.

DIR Deutsche Investment Retail GmbH (DIR) is strengthening its retail expertise with Tatjana Fiedler. In the position of Transaction Manager, she will immediately strengthen the team in the development and expansion of a nationwide retail portfolio with a focus on food-anchored local convenience centres and retail warehouse parks, full-line grocery stores and discount supermarkets.

Retail parks and hybrids have weathered the storm of the crisis relatively well due to their high proportion of local supply. Nevertheless, in the vortex of the coronavirus crisis, the issue of sustainability seems to have fallen by the wayside in many cases. That picture, however, is deceptive. The necessary (re)alignment of retail parks and other agglomerated retail real estate properties makes it necessary for ESG criteria (environment, social, governance) to be taken into account. The following “Top 5 Lessons Learned” were taken from a recent publication on retail parks in Germany*.

Time Retail Partners (TRP), the boutique retail property consultancy, has appointed Peter Wrigley, founder of 360Retail and a former senior director in CBRE’s lease consultancy business, as a consultant to head its new professional services specialism. Peter will work with Time’s established landlord and agency teams.

On Thursday, 5 November 2020, the Polish Council of Shopping Centres (PRCH) announced the winners of the 11th edition of the competition. Among the awarded projects, there were those of companies such as: EPP, eobuwie.pl, Cromwell Property Group or Play. This year, a special prize was also awarded to the representatives of APSYS Poland.

“Covid-19 is the biggest challenge of our time and it affects the retail sector as well as the retail real estate market. With the study Footfall Anchors Post Corona–5 Propositions for the New Future of Retail, we discuss the current situation for retailers, investors, project developers, and municipalities on a broad scale. In collaboration with renowned experts we discuss the new future of retail, the real estate industry, and subsegments of the retail real estate sector. The result is a comprehensive documentation of the status quo regarding the situation of retail asset class.” – Angelus Bernreuther, Head of Investor Relationship Management at Kaufland Germany.

CBRE launches a range of omnichannel services in Romania, for retailers who want a quick adjustment to the new market context by expanding industrial spaces. Omnichannel services have already been present for three years in the global CBRE network, mostly in the United States and the United Kingdom, and the Covid-19 pandemic has accelerated the synergy between retail and industrial worldwide.

Multi is currently carrying out several refurbishment projects within its portfolio, all of which center around the creation of spaces that are integral parts of their respective communities.