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ICSC Envision 2020: 8 defining changes to impact the retail real estate industry

NEW YORK, 2015-9-30 — /EPR Retail News/ — As the retail real estate industry undergoes one of the most profound transformations in its 60-year year history, the International Council of Shopping Centers (ICSC) presents its final Envision 2020 report, a collaborative initiative that outlines where the industry will be in five years according to leaders…
September 30, 20150Comments

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Malls Management Retail Retailer

Citycon: Extension of the IsoKristiina shopping centre in Lappeenranta now completed

HELSINKI, FINLAND, 2015-9-30 — /EPR Retail News/ — The major (re)development and extension of the IsoKristiina shopping centre in the heart of Lappeenranta is now completed. The project, which lasted about two and a half years, saw the old section of IsoKristiina completely refurbished, the shopping centre extended, and the adjacent Hotel Lappee connected to…
September 30, 20150Comments

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Al Meera Consumer Goods Company opens its newest branch in Al Wajba, Qatar

Serving the New Rayyan, Muaither, Rawdat Aba El-Heran and Al Sailiya areas Al Wajba, Qatar, 2015-9-15 — /EPR Retail News/ —  Al Meera Consumer Goods Company (Q.S.C) announced the opening of its newest branch in Al Wajba, marking the 40th addition to the successful supermarket chain in Qatar, and the 45th in both Qatar and the Sultanate…
September 15, 20150Comments

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Awards Business Malls Management

Philippines: SM Prime Holdings received gold award for its first mall in China – SM City Xiamen in Fujian Province

Pasay City, Philippines, 2015-9-7 — /EPR Retail News/ — Property conglomerate SM Prime Holdings, Inc. received a prestigious gold award for SM City Xiamen, Fujian Province, its first mall in China. SM City Xiamen/SM Lifestyle Center won the Mall China Golden Mall Awards 2015 Commercial Asset Management Company Gold Award. Only eight companies were given the prestigious gold…
September 7, 20150Comments

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Entertainment Malls Management Marketing Retail Retailer Toys

Philippines: SM Group to bring the Disney brand of stories closer to Filipinos through mall, retail, entertainment and amusement opportunities

Pasay City, Philippines, 2015-9-3 — /EPR Retail News/ — Today (September 1, 2015), the SM Group announced a collaboration with The Walt Disney Company Southeast Asia to bring the Disney brand of stories closer to Filipinos through mall, retail, entertainment and amusement opportunities. The two companies aim to bring Disney, Marvel, Pixar and Star Wars brands…
September 3, 20150Comments

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Business Malls Management Retail

Citycon: the construction of Mölndal Galleria has now started in Mölndal, Sweden

The groundbreaking for the new Mölndal Galleria and the transformation of Mölndal’s city centre took place yesterday, 27 August in a ceremony held on the construction site. The event was jointly organised by Citycon, NCC, Riksbyggen and MölndalsBostäder, the four companies investing in the renewal of Mölndal city centre. Helsinki, 2015-8-28— /EPR Retail News/ — “We are…
August 28, 20150Comments

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Business Financial Malls Management Retail

General Growth Properties, Inc. announced an increase of $500 million to its existing share repurchase program

CHICAGO, 2015-8-27— /EPR Retail News/ — General Growth Properties, Inc. (NYSE: GGP)(the “Company”) today announced that its Board of Directors authorized an increase of $500 million to the Company’s existing share repurchase program (the “Program”). Together with amounts previously authorized that have not been used for repurchases, the Company has approximately $600 million available for repurchases under…
August 27, 20150Comments

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Klépierre sold portfolio of nine shopping centers in the Netherlands to Wereldhave

PARIS, France, 2015-8-27— /EPR Retail News/ — Klépierre today announced it has completed the disposal of a portfolio of nine shopping centers¹ located in the Netherlands to Wereldhave. Total consideration for the transaction including transfer duties is 770 million euros² . The extension of City Plaza will be transferred later in 2015, once this development…
August 27, 20150Comments

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Business Malls Management Retail

Mobiquity Networks to provide beacon-based advertising services throughout PREIT’s portfolio of shopping centers in attractive U.S. markets

Introduction into PREIT’s portfolio of premier retail properties enhances Mobiquity Networks’ position as leader in beacon-based advertising services GARDEN CITY, N.Y., 2015-8-27— /EPR Retail News/ — Mobiquity Networks, a wholly owned subsidiary of Mobiquity Technologies, Inc. (OTCQB:  MOBQ), which powers a leading national location‐based mobile advertising and app engagement network, has partnered with Pennsylvania Real Estate…
August 27, 20150Comments

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Awards Malls Management Retail Retailer

Kista library in Citycon’s shopping centre Kista Galleria awarded the “Public Library of the Year Award 2015”

The library in Citycon’s shopping centre Kista Galleria has been awarded the "Public Library of the Year Award 2015". Since the library moved to Kista Galleria in August 2014, visits to the library have increased by 300% and book loans have doubled. Helsinki, FINLAND, 2015-8-19— /EPR Retail News/ — "Partnerships with stakeholders in the local…
August 19, 20150Comments

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Business Malls Management Retail Retailer

The newly expanded and renovated portions of Dolphin Mall to open on September 15

New innovative parking deck, valet services and restaurants to open in Miami-Dade County’s largest outlet and retail value shopping center MIAMI, 2015-8-13— /EPR Retail News/ — The newly expanded and renovated portions of Dolphin Mall will open to shoppers on Tuesday, September 15, after 18 months of construction. The mall’s new features include a state-of-the-art parking deck, as…
August 13, 20150Comments

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Pennsylvania Real Estate Investment Trust completes the sale of Uniontown Mall in Uniontown, PA for $23.0 million

Sale marks the 7th non-core mall sold by PREIT PHILADELPHIA , PA, 2015-8-6— /EPR Retail News/ — Pennsylvania Real Estate Investment Trust (NYSE: PEI) announced today that it has completed the sale of Uniontown Mall in Uniontown, PA for $23.0 million .  The buyer also separately acquired the fee interest in the ground underlying…
August 6, 20150Comments

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Business Food & Beverage Grocery Malls Management Retail Retailer

PREIT announces new lease with Whole Foods Market to open at Exton Square Mall in Exton, PA

Addition will provide an extraordinary shopping experience PHILADELPHIA , PA, 2015-8-6— /EPR Retail News/ — PREIT (NYSE: PEI) announced a new lease with Whole Foods Market to open at Exton Square Mall in Exton, PA. The 55,000-square foot store will complement the plans to redevelop the property, bringing a unique and engaging shopping experience this…
August 6, 20150Comments

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Business Malls Management Retail Retailer

SM Prime Holdings, Inc. reports consolidated net income growth of 90% to PHP18.7 billion from PHP9.8 billion in the first half of 2015

Pasay City, Philippines, 2015-8-3— /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property companies in Southeast Asia, registered a consolidated net income growth of 90% to PHP18.7 billion from PHP9.8 billion in the first half of 2015. Excluding one–time trading gains on the sale of marketable securities, the company’s…
August 3, 20150Comments

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Belk to open new 230,000 square foot flagship location at The Shoppes at Bel Air to serve the greater Mobile, Ala. region

Belk to invest $15 million to convert a former Sears building into a new Belk flagship store -New 230,000 square foot flagship will offer premium brand assortments and the latest in Modern. Southern. Style. CHARLOTTE, N.C., 2015-7-21 — /EPR Retail News/ — Belk today announced that the company is opening a new 230,000 square foot flagship…
July 21, 20150Comments

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CBL: New Ross Dress for Less and Ulta Beauty are coming to Randolph Mall in Asheboro, North Carolina

CHATTANOOGA, Tenn., 2015-7-21 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE: CBL) today announced that a new Ross Dress for Less and Ulta Beauty are coming to Randolph Mall in Asheboro, North Carolina. The two new stores will be situated in the former JC Penney location. Construction is expected to begin in October…
July 21, 20150Comments

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British Land Chief Executive Chris Grigg on Q1 2015/16: We’ve had a good start to the year

LONDON, 2015-7-20 — /EPR Retail News/ — Chris Grigg, Chief Executive said: “We’ve had a good start to the year, making real progress against the priorities set out at our results in May in what are strong occupational and investment markets. In Retail, our operational metrics remain strong and we continue to recycle capital by…
July 20, 20150Comments

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Sears Holdings appoints Joelle Maher as president and chief member officer for the Sears format HOFFMAN ESTATES, Ill.

Role critical to meeting needs of the Sears' Shop Your Way members HOFFMAN ESTATES, Ill., 2015-7-14 — /EPR Retail News/ — Sears Holdings (NASDAQ: SHLD) announced today that Joelle Maher has joined the company as president and chief member officer for the Sears format. In this role, Maher will be responsible for developing the Shop…
July 14, 20150Comments

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Apparel Fashion Malls Management Marketing Retail Retailer

Kate Hudson’s Fashion Athletic Wear Brand Fabletics to open its first brick-and-mortar stores at five GGP locations this fall

Kate Hudson’s Fashion Athletic Wear Brand Takes Next Step in Brand Evolution CHICAGO, 2015-7-13 — /EPR Retail News/ — General Growth Properties, Inc. (NYSE: GGP) today announced Fabletics, the online activewear and accessories line co-founded by award-winning actress Kate Hudson, will open its first brick-and-mortar stores at five GGP locations this fall to build off the success of…
July 13, 20150Comments

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Awards Malls Management Retail Retailer

SM Supermalls cited by Reader’s Digest as one of the most valued and preferred shopping mall brands in the Philippines for 4th year in a row

Pasay City, Philippines, 2015-7-13 — /EPR Retail News/ — Property conglomerate SM Prime Holdings’ mall brand, SM Supermalls was cited by Reader’s Digest as one of the most valued and preferred shopping mall brands in the Philippines for the fourth year in a row. To add to the distinction, SM Supermalls was the only awardee for…
July 13, 20150Comments

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Business Financial Malls Management Retail Retailer

Klépierre announced conditional agreement with Wereldhave on the disposal of a portfolio of 9 shopping centers located in the Netherlands for EUR 770m

PARIS, 2015-6-25 — /EPR Retail News/ — Klépierre today announced it has reached a conditional agreement with Wereldhave on the disposal of a portfolio of nine shopping centers1 located in the Netherlands for a total consideration of 770 million euros,2 a level that is consistent with appraised values. The portfolio includes convenience and district shopping centers…
June 25, 20150Comments

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Awards Business Malls Retail Retailer

The Alegro Setubal shopping center honored for its “Art everywhere” project at the 2015 ICSC Marketing Awards

Carnaxide, Portugal, 2015-6-11 — /EPR Retail News/ — The Alegro Setubal shopping center, whose renovation-extension was inaugurated in November 2014 in Portugal, was rewarded in the "Reputation and brand positioning" category for its "Art everywhere" project. The International Council of Shopping Centers awards reward, since their creation in 1972, excellence in marketing in commercial real estate. More thanj 230 applications from 25 different…
June 11, 20150Comments

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Business Malls Management Marketing Retail Retailer

Real estate investment trust with focus on regional malls Macerich to participate in REITWeek 2015, NAREIT’s Investor Forum in New York

SANTA MONICA, Calif., 2015-6-3 — /EPR Retail News/ — Macerich® (NYSE: MAC), today announced that Art Coppola, Chairman and CEO, Ed Coppola, President and Tom O'Hern, Senior Executive Vice President and Chief Financial Officer will participate in REITWeek 2015, NAREIT's Investor Forum to be held in New York, New York. Macerich will present from approximately 4:30…
June 3, 20150Comments

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CBL announces the opening of the redevelopment at CoolSprings Galleria in Nashville (Franklin), TN

CHATTANOOGA, Tenn., 2015-5-28 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE: CBL) today announced the opening of the redevelopment at CoolSprings Galleria in Nashville (Franklin), TN. Designed to significantly enhance the offerings at the shopping center, the redevelopment of the former Sears location includes adding a mix of new fashion stores and fine dining…
May 28, 20150Comments

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Haahtela-rakennuttaminen Oy to implement Kesko construction project of the new commercial centre in Itäkeskus, Helsinki

Kesko has chosen Haahtela-rakennuttaminen Oy as its partner to implement the construction project of the new commercial centre in Itäkeskus, Helsinki. HELSINKI, Finland, 2015-4-24 — /EPR Retail News/ — In the project, Haahtela will be responsible for the project management of building work, which includes planning control, purchases, management of contracted-out construction work, rental support functions…
April 24, 20150Comments

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Business Malls Management Retail Retailer

CBRE: Global shopping centre development continues to grow particularly in Asia with over 39 million sq m under construction at the end of 2014

London, 2015-4-23 — /EPR Retail News/ — Global shopping centre development continues to grow with a total of 11.4 million square metres (sq m) of new shopping centre space opened in 2014, compared with 10.6 million sq m in 2013. Emerging markets, particularly in Asia, have continued to dominate the shopping centre development pipeline with over 39…
April 23, 20150Comments

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Business Malls Management Retail

CBRE analysis: U.S. commercial real estate market showed continued strength in Q1 2015

Office Vacancy Continues to Decline Industrial and Apartment Demand Strong Los Angeles, 2015-4-13 — /EPR Retail News/ — The U.S. commercial real estate market showed continued strength across all property types in the first quarter of 2015 (Q1 2015), according to the latest analysis from CBRE Group, Inc. The office vacancy rate* declined by 10 basis…
April 13, 20150Comments

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CBL & Associates Properties, Inc. announced the addition of Monique Berke as VP – Business Transformation

CHATTANOOGA, Tenn., 2015-4-7 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE:CBL) today announced the addition of Monique Berke as Vice President – Business Transformation. Berke will be responsible for overseeing project teams and implementation of the Company’s business and technology initiatives. “We are pleased to welcome Monique to the CBL team,” said Mike…
April 7, 20150Comments

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Business Malls Management Retail Retailer Technology

CBRE Group to acquire the Global WorkPlace Solutions (GWS) business of Johnson Controls for $1.475 billion

Los Angeles, 2015-3-31 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced that it has entered into a definitive agreement to acquire the Global WorkPlace Solutions (GWS) business of Johnson Controls, Inc. (NYSE:JCI).  GWS is a market-leading provider of Integrated Facilities Management solutions for major occupiers of commercial real estate and has significant…
March 31, 20150Comments

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Business Financial Malls Management Retail

Equity One, Inc. calls for redemption all of its 5.375% senior notes due October 2015 in an aggregate outstanding principal amount of $107.5 million

New York, NY, 2015-3-25 — /EPR Retail News/ — Equity One, Inc. (NYSE: EQY), an owner, developer, and operator of shopping centers, announced today that it is calling for redemption all of its 5.375% senior notes due October 2015 (the “5.375% Notes”), in an aggregate outstanding principal amount of $107.5 million, with a redemption date of…
March 25, 20150Comments

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