Page 8 - September 2020

international news inbrief

PRIMARK LANDS IN 13TH COUNTRY AS IT FIM GROUP ACQUIRES A

OPENS ITS DOORS IN POLAND RETAIL PORTFOLIO GAP TO ADD A STORE IN SPAIN
The new store will open early this month
in Barcelona in partnership with franchise
The new store in Warsaw marks the brands official entry The portfolio containing 27 retail properties Grup Galceran. The 900sq m store will have
into its 13th market and its first location in Poland. in Germany has been acquired for €86.4M. a permanent customisation area where
The new store which is located at Galeria Mlociny, M7 Real Estate have made the sale on behalf customers will be able to personalise their
spans 39,396sq ft of retail space across two floors and of M7 ISLAY to FIM Unternehmensgruppe. purchases with decorative embroidery, patches
offers visitors women’s, men’s and children’s fashion, The portfolio comprises a total rental area and pins.
footwear and accessories collections. This latest location of 72,594sq m and includes a mix of high
also offers free WiFi for guests throughout the store and quality, food anchored tenants. Occupiers
a recharge café for staff breaks. include Lidl, Netto, Edeka, Rewe, Daniches DIESEL LAUNCHES A FLAGSHIP
“We are delighted to open the doors of our first store Bettenlager and SIEMES Schuhcenter. The new store for Diesel is located within
in Poland, our 13th international market, and to offer out Alyssa Huse, Managing Director of M7 Moscow’s Atrium Mall. The flagship occupies
amazing fashion at amazing prices to customers from Real Estate in Germany said “This sale is in 120sq m and the store’s aesthetic is urban
Warsaw and beyond” commented Paul Marchant, CEO line with our business plan and has delivered and slightly futuristic reflecting Diesel’s ‘For
of Primark. attractive returns for investors. Leveraging Successful Living’ philosophy of individuality
The brand has outlined further plans to expand in the our asset management expertise, we have and boldness.
Eastern European markets, specifically outlining Czech improved the performance across the
Republic and Slovakia for store openings in 2021 and portfolio, attracting a diverse occupancy
2022 respectively. base to these well-located assets.” ITALMARK ADDS A CONCEPT
The concept seeks to combine convenience,
locally-sourced foods and a range of exclusive
HUGO BOSS TO ADOPT MOBILE producrs. The new store occupies part
WORKING MODEL POST-COVID-19 of the space formerly used by a Ipercoop
hypermarket, and covers a total surface area
of 3,079sq m, of which 1,877 is sales space.
Hugo Boss has announced it will only ask for between two and three days of mobile
employees to work from the office from working a week.
Tuesdays to Thursdays even after the It makes the brand one of the first TREI OPENS NEW RETAIL PARK
Covid-19 crisis. major companies in the fashion industry The new Vendo Park occupies around 3,000sq
The “Threedom of Work” work to announce such a move, though it m of lettable area with the property nearly
model, which will be implemented from will certainly not be the last. For many fully occupied already. Tenants of the new retail
October, will initially be applicable to the businesses, operations during lockdown park include such brands as KiK, Sinsay, Martes
approximately 3,200 employees in the have been as effective if not more so Sport, RTV Euro AGD and Hebe. This is Trei
brand’s native Germany whose jobs do despite offices being closed. Real Estate’s latest opening of their 28-strong
not require physical attendance at the “The survey confirmed what most of portfolio, of which 18 are in Poland.
workplace. us already knew: the future belongs to
Staff will be asked only to work from tailored combinations of office-based and
offices from Tuesdays to Thursdays and will off-site work,” Jochen Eckhold, Director LENTA ADDS A SUPERMARKET
SKECHERS OPENS ON RUE DE RIVOLI IN PARIS AND THE NEW STORE OFFERS “A FULL SKECHERS RETAIL EXPERIENCE THAT WILL APPEAL TO LOCALS AND EVENTUALLY have the option to work remotely for the Global Human Resources at Hugo Boss, One of the largest retail chains in Russia, Lenta,
RETURNING VISITORS TO SHOP AN EXPANDED RANGE OF THE LATEST LIFESTYLE AND PERFORMANCE FOOTWEAR AND APPAREL COLLECTIONS FOR MEN, WOMEN AND KIDS,” has opened its new supermarket in Saint-
THE COMPANY SAID. THE STORE, WHICH IS ON THE CORNER OF RUE SAINT-DENIS, IS IN THE POPULAR SHOPPING DISTRICT NEAR THE TOUR SAINT-JACQUES WITH ACCESS VIA remaining days. “The three core days allow said in a statement. “Our hybrid working Petersburg. The new store has a total area of
THE CHÂTELET METRO STATION, AND A FEW BLOCKS FROM THE RIGHT BANK OF THE SEINE ALONG WITH MAJOR CULTURAL DESTINATIONS INCLUDING THE LOUVRE. meetings and events to be scheduled more model caters to employees’ growing desire
effectively,” the company said. for alternative scheduling and location 1,579sq m with 985sq m of selling space and is
open from 8am to 11pm every day of the week.
The decision was based on an internal
ECE LAUNCHES NEW MTB DIRECT LAUNCHES survey of some 2,000 employees which options. As an employer, we feel it is our The store has 150 parking spaces and 10 cash
responsibility to accommodate these
PREFERRED EQUITY FUND IN NEW ZEALAND saw more than 90 per cent voting in favour changing needs.” registers. It is leased by Lenta.
LINDT TO OPEN
Real estate investment manager ECE Real Estate Partners has set up Popular Australian mountain biking business MTB Direct has
a new preferred equity fund backed by a portfolio of three German officially expanded to New Zealand with the recent launch of a NEW LOCATION
neighbourhood shopping centres with a market value in excess local website and shipping offer.
of €500M. The online-only retailer has been serving customers in New
The new “ECE Preferred Equity Fund” (EPEF) has secured capital Zealand for the past several years, but the experience left a lot to After three years in the making, the chocolate
commitments of more than €100M from institutional investors. In be desired. Prices were listed in Australian dollars, and shipping haven will finally open to the public this month.
addition, ECE Real Estate Partners has issued a €100M bond to finance times were hit or miss. The new Lindt location offers visitors the
the acquisition of the portfolio. Strong alignment of interest has been “There seemed to be challenges around getting products opportunity to try a variety of Lindt chocolate
secured by the Otto Family acting as an investor in the common equity through customs in a timely fashion. So sometimes it might only creations in the ‘Chocolate Heaven’ tasting room,
piece of this structured transaction. be a few days, but other times that could really blow out to weeks offer chocolate making courses for individuals
EPEF is targeted at long-term investors striving for high income and and we knew that wasn’t sustainable,” Jen Geale, MTB Direct Co- looking to enhance their confectionary making
regular distributions but also seek downside protection in a market Founder and GM, told Inside Retail. skills, the first ever Lindt café and the largest
which is attractively priced but still undergoing structural changes. The retailer has already connected with a range of wholesalers Lindt shop in the world.
With the successful issuance of its first bond and its first preferred in New Zealand and aims to offer customers across the ditch the The Home of Chocolate is located in Klichberg
equity fund, ECE Real Estate Partners has significantly extended its same experience it offers in Australia. Despite its size compare to and will be a destination for guests and families as
product range as an investment manager. Austrlia, New Zealand still offers an attractive growth opportunity. well as experts and scientists.

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