The November 2017 edition of PropertyEU Magazine is out now. This edition features a special report on European retail retail estate and an interview with Josip Kardun, CEO of Blackstone's European retail platform Multi Corporation.
Listed companies and pension funds are carving out dominant positions as landlords in the resilient retail property sector. PropertyEU looks at the biggest shopping centre, high street and convenience retail deals so far this year.
MULTI RESETS AS FULL-SERVICE PLATFORM
Under the leadership of new CEO Josip Kardun, Blackstone’s European retail platform Multi Corporation is seeking to evolve as a full-service provider for third parties. Gabriëlle Klaver and Erik de Boer met up with Kardun in Amsterdam to hear about the company's shift in focus.
More on retail...
CHINA'S ALIBABA STEALS SHOW IN MAPIC SPEAKER LINE-UP
Mapic is going east this year in search of the latest e-commerce trends with Chinese group Alibaba providing one of the keynote speakers. Sébastien Badault, CEO of Alibaba’s France business, will outline his vision of the future of retail and the evolution of e-commerce in a presentation on the first day of the fair.
Unibail-Rodamco has created life-size mock-ups of its Mall of the Netherlands project near The Hague.
Sectors & Markets
OLYMPIC RACE SPURS PARIS MARKET
Paris’ bid for the 2024 Olympics, major infrastructure projects and the ‘Macron effect’ are all helping to revive the French real estate market.
CEE POWERS BACK TO CYCLICAL PEAK
Strong trading activity will drive investment volumes in CEE close to historical highs this year.
FLIGHT TO SAFETY INTO EUROPEAN HOTELS
Global institutions have more than doubled their allocation to the hospitality sector, with a focus on ‘safe bet’ European cities.
Spirits were high at Expo Real this year as property markets across Europe surge on the back of rebounding economies.
SONY CENTER SALE
Canada’s Oxford Properties has entered the German market with the acquisition of one of the biggest and most prized assets in Berlin for over €1.1 bn.
PARIS OFFICE HEART
Coeur Défense in Paris is back in French hands after three major investors acquired the office complex for €1.8 bn.
Investment & Finance
STOCK EXCHANGE RETURN
Spanish group Metrovacesa is planning a comeback to the Madrid Stock Exchange as a pure residential developer.
Institutional enthusiasm for real estate may be cooling despite a rise in target allocations, a new survey finds.
GREEN STOCK INDEX
French fund manager La Française and index provider GPR have launched a global sustainable real estate index targeted at institutional investors.