Shopping Centres
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Feb- 2021 -15 February
Coventry Ikea to become national cultural centre
Coventry City Council has announced it is purchasing a former five-storey Ikea story in the centre, with plans to transform it into a multi-purpose collections and cultural facility. The new National Collections Centre will contribute to the economic and cultural legacy from Coventry’s year as UK City of Culture, which…
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11 February
Westfield owner to ‘significantly reduce’ exposure in US
Unibail-Rodamco-Westfield (URW) has revealed it will “significantly reduce” its financial exposure to the US and instead focus on its UK real estate. The news follows the company’s F2 2020 results which showed net rental income for shopping centres fell by 25.9% to €1.69bn (£1.4bn) from €2.29bn (£2bn) the previous year.…
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Jan- 2021 -15 January
Hammerson CFO steps down
Hammerson has announced that James Lenton will step down as the company’s chief financial officer. Lenton informed the shopping centre operator’s board of directors of his decision to leave the position earlier this week. Despite departing Hammerson, Lenton will continue as the company’s CFO and as a non-executive director until…
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11 January
URW announces board expansion and COO appointment
Unibail-Rodamco-Westfield (URW) has announced the extension of its management board, which is effective from 8 January. In its latest management shake-up, the shopping centre owner appointed Olivier Bossard, the group’s chief investment officer and Astrid Panosyan, URW’s chief resources officer, to the management board. URW states the extended board will…
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Dec- 2020 -21 December
Hammerson seeks admission to Euronext Dublin
Retail property management group Hammerson has revealed its intention to seek admission to Euronext Dublin and to trade on the main securities market of Euronext Dublin before Britain leaves the EU. In a statement the company which owns London’s Brent Cross shopping centre said it is “seeking a secondary listing…
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Nov- 2020 -19 November
Westfield appoints new CEO
Westfield has announced the appointment of Jean-Marie Tritant as CEO, succeeding Christophe Cuvillier in the role. Trident will assume the position on 1 January 2021. Tritant will hold the position of chief operating officer during a transition period that begins today (19 November). Cuvillier said: “During this transition phase, I…
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10 November
Landsec posts £835m loss
Real estate firm Landsec, which owns the Bluewater shopping centre and a number of other retail destinations, has reported a loss before tax of £835m for the six month period ending 30 September. It comes after the firm said the impact on its results from unpaid rent and service charges…
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Oct- 2020 -27 October
Intu offloads Gateshead Metrocentre to new owner
Sovereign Centros, a real estate operating partner, has taken over the running of the Gateshead Metrocentre from Intu. The site had been Intu’s largest asset before being acquired by Sovereign, who plan to “inject new life” into the centre with a potential £25m future investment. The firm is asset managing…
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Sep- 2020 -30 September
Hammerson appoints Rita-Rose Gagné as CEO
Hammerson has announced the appointment of Rita-Rose Gagné as its new chief executive officer and executive director. Gagné was most recently president of Growth Markets at the global real estate company Ivanhoé Cambridge where she had responsibility for $7.6bn (£5.9bn) of real estate assets across Asia Pacific and Latin America.…
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22 September
Hammerson eyes Ivanhoé Cambridge boss as new CEO
Shopping centre owner Hammerson is reportedly considering appointing the boss of Ivanhoé Cambridge – part of Canadian pensions giant Caisse de Dépôt et Placement du Québec – to become its new CEO. According to The Sunday Times, Rita-Rose Gagné, president of growth markets at the Montreal-based firm, has been sounded…
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