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INTERNATIONAL NEWS INBRIEF

NEPI ROCKCASTLE ACQUIRES MAGNOLIA PARK SHOPPING INDITEX GROUP TO LEASE ROSSIO BUCHERER 1888 UNIT REOPENS
The company has announced the reopening of
CENTRE IN POLAND FROM UNION INVESTMENT FOR €373M POMBALINO STORES IN LISBON its boutique in St. Moritz. Visitors can now expect a
carefully curated collection of luxury watches and
jewellery on a footprint spanning 150sq m. The
NEPI Rockcastle has acquired the 100,000sq m Magnolia Park shopping UK-based advisor and asset management tastefully designed boutique, which is nestled in the
centre in Wroclaw, Poland, firm SF Investment Management has heart of the alpine resort is also the perfect spot to
The acquisition represents the biggest single asset shopping centre overseen the three-year rehabilitation of a simply enjoy and discover.
transaction by value in Central and Eastern European markets in recent 200-year-old historic building in the heart
years. The move comes seven years after Union Investment acquired of Lisbon and subsequent lease agreement IULIUS KICKS OFF EXPANSION
Magnolia Park for the portfolio of the open-ended real estate fund between The Inditex Group and Rossio Romanian developer Iulius is investing €40M
Unilmmo: Europa. Pombalino S.A. in the expansion of Iulius Mall Suceava that
The shopping centre is one of the top 10 malls in Poland and enjoys a Since February 2018, Rossio Pombalino will increase the leasable area of the project to
strategic location in Wroclaw, with excellent visibility and access both by S.A. has invested over €100M in the 60,000sq m. The project entails the creation of
car and public transport, which is reflected in its outstanding operational acquisition and rehabilitation of this additional space, as well as the reconfiguration and
performance and very high occupancy rate of more than 99 per cent. flagship building. renovation of current areas of the shopping mall
which opened back in 2008.
Anchor tenants among the 240 stores in the centre include well-known Rossio Pombalino represents the
brands such as Carrefour, Primark, Castorama, Decathlon, Media Markt, Inditex Group’s new strategy of larger
Peek & Cloppenburg, Zara, Half Price, H&M, Reserved, TK Maxx and flagship physical stores, providing a unique KAVE HOME LAUNCHES IN PARIS
Helios. Magnolia Park has a BREEAM Excellent sustainability certification. experience to visitors and customers, by
featuring its full range. Located in the second district of Paris, at number
52 Rue Étienne Marcel, the new Kave Home shop
invites one to daydream. Kave Home has opened
SCANDIC EXPANDING IN GERMANY the doors of its Mediterranean universe, where the
highlights are designer pieces with organic shapes
THROUGH STUTTGART OPENING and a style that reveals contemporary minimalism
and traditional simplicity.

Scandic has signed a long-term, revenue- meetings, events and experiences. OWNDAYS EXPANDS PRESENCE
based lease agreement with property Jens Mathiesen, President & CEO at
The Japanese eyewear brand, has collaborated
owner AXA Investment Managers to take Scandic Hotels Group said: Stuttgart is a with the Bluebell Group, a leading omni-channel
over a 174-room hotel in central Stuttgart. strategically important city in Germany brand partner in Asia, to extend its footprint in the
The hotel will be renovated and adapted and the location of Scandic’s eighth Australian market. The joint effort has culminated
to Scandic’s brand and operational hotel establishment in the country. The in the inauguration of two new Owndays stores in
standards before the planned opening in expansion will strengthen Scandic’s Sydney, one at Westfield Hurstville and another at
the fourth quarter 2025. presence in the German hotel market in an Westfield Burwood.
Stuttgart is one of Germany’s largest important financial centre where we see
cities and serves as an important financial growing demand from both business and
THE RHEIN-RUHR ZENTRUM (RRZ) IN MÜLHEIM IS BRINGING A NEW ANCHOR TENANT ON BOARD: LEISURE PROVIDER ADVENTICA AND THE CENTRE’S OWNERS, KFC OPENS 800TH RESTAURANT
EUROFUND GROUP AND SIGNAL CAPITAL PARTNERS, HAVE NOW AGREED A LONG-TERM LEASE FOR 3,300SQ M OF SPACE. THE OPENING OF ADVENTICA’S FIRST hub in Europe. The city is known for leisure travellers. I’m also delighted that
GERMAN LOCATION IS PLANNED FOR THE FIRST QUARTER OF 2025, WHILE REFURBISHMENT WORK WILL BEGIN IN SEPTEMBER. THE OWNERS SEE ADVENTICA its strong automotive and technology we’ve signed a long-term lease agreement The company has opened its 800th restaurant in
AS THE IDEAL, COMPLEMENTARY ADDITION TO THE RRZ’S ENTERTAINMENT AND LEISURE OFFERING, WHICH WILL ENHANCE THE CENTRE AND BE LOCATED IN industry as well as a growing start-up with AXA Investment Managers, a new Australia - at southwest Sydney’s Oran Park. The
CLOSE PROXIMITY TO ANCHOR TENANT CINEMAXX AND THE FOOD COURT. FOUNDED IN LITHUANIA, ADVENTICA IS NOW PRESENT IN SEVERAL EUROPEAN recently-launched KFC Oran Park has created 70
AND EMERGING MARKETS AND IS LAUNCHING AN EXCITING EXPANSION IN GERMANY FROM THE STRONG FOUNDATION OF THEIR SUCCESSFUL CONCEPT. scene. Stuttgart’s hotel market has enjoyed partner for Scandic, new jobs for people in the local area. The first KFC
steady growth from increased tourism Following the renovation, the new store in Australia opened in the western Sydney
FRASERS GROUP EXPANDS VIA OUTLETS TO and demand from business travellers and modern hotel will offer vibrant dining suburb of Guildford on 27 April 1968, employing
Scandic aims to establish a strong brand to
only 25 people.
options, excellence meeting facilities, a
IN BENELUX REGION EXPAND SWISS OUTLET attract people who are visiting the city for gym and a parking garage.

Frasers Group plc has shown its commitment to growth in the Benelux VIA Outlets has initiated a development project to expand the sales area
region following a series of strategic acquisitions and partnerships, of its Landquart Fashion Outlet in the Greater Zurich Region by around
further strengthening the Group’s international expansion ambitions. a quarter, as premium retail brands follow European consumers and shift
In the Netherlands, following the acquisition of Sprinter stores earlier their focus from full-price retail on the high street to the outlet centre
this year, Frasers is opening nine new Sports World stores, four of which format in search of greater value and volumes.
have already opened with an additional five locations confirmed to open A cornerstone event was held at Landquart Fashion Outlet to mark
by the end of the year. The Group also plans to open two Sports Direct the start of the expansion of the outlet, which lies to the southeast of
stores in Luxembourg and one in Belgium in the coming months, further Zurich close to the border with Austria and Liechtenstein and is at the
strengthening the Group’s presence in the region. gateway to premier Swiss alpine ski resorts in the region such as St.
With the acquisition of a mix of online and physical Dutch sports Moritz, Davos and Klosters.
retailers, including the acquisition of all shares in Twin Sport Holding The gross lettable area (GLA) of Landquart Fashion Outlet is to be
B.V., as well as Atkiesport, Perry Sport and www.Sportsworld.nl, Frasers expanded by nearly 5,000sq m, to total a close to 27,000sq m, by the
Group is now positioned for growth towards its ambition to become the first quarter of 2026 with the creation of 14 new units and a new multi-
largest multi-brand sport retailer in the Benelux region. storey car park extending the total parking area to 1,550 spaces.

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