ECE Real Estate Partners

Exciting news once again from G3 Shopping Resort in Gerasdorf! We are thrilled to announce that TK MAXX will be joining the G3 family on October 17th, 2024, occupying an impressive 1,800m² of retail space. This addition marks yet another milestone in our ongoing investment strategy at G3. Just last summer, we made a strategic investment to expand our offerings, dedicating 5,000m² to sports retailers and developing a 3,000m² outdoor sports cluster. This area now features a diverse range of activities, including football, basketball, a pump track for testing bikes, and much more. These investments underscore our commitment to forward-thinking investment management, ensuring that G3 remains at the forefront of innovation and continues to meet the evolving needs of our customers. We believe that these efforts not only enhance the shopping experience but also strengthen G3's position as a retail destination. The momentum continues as we remain dedicated to further developing G3. Stay tuned—there's more to come! #ecerep #investment #g3 #shoppingcenter

𝗗𝗼𝘂𝗯𝗹𝗲 𝗴𝗼𝗼𝗱 𝗻𝗲𝘄𝘀: 𝗧𝘄𝗼 𝗻𝗲𝘄 𝗕𝗥𝗘𝗘𝗔𝗠 𝗜𝗻 𝗨𝘀𝗲 𝗰𝗲𝗿𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗲𝘀 𝗶𝗻 𝗘𝗖𝗘 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀’ 𝗽𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 We are proud to announce that our two Polish shopping centres Forum Koszalin and Felicity Lublin have received a BREEAM In Use certificate at the very good level. The certificate assesses the level of sustainability of the centres based on various criteria such as: ➡ Building management: How is ESG implemented in practice? ➡ User comfort: That means the quality of the visit beside the shopping – noise, light concept, opportunities for breaks, etc. ➡ Energy efficiency: These include, for example, the use of LEDs ➡ Waste management: Waste separation and avoiding plastic We are constantly working to make our centres even more sustainable. The aim is to conserve resources, ensure energy efficiency and cut CO₂ emissions. We see this as our responsibility towards the environment and our investors for a sustainable and resilient investment. All ESG measures have a direct impact on reducing the operating costs of the building. Achieving this BREEAM In Use certificate is particularly rewarding for us, as it reflects how much attention we pay to the balance of the economic, social and ecological dimensions within the context of sustainable operations. - says Julia Stan, Investment Manager of Forum Koszalin. Stay tuned for next projects in 2024/2025. #ecerealestatepartners #ecerep #BREEAM #sustainability #benchmark

Big News at LOOM Bielefeld: ONLY will open its world's largest store yet in our center in Bielefeld in 2025. The brand of the BESTSELLER Group targeted at young fashion will occupy over 2,000 m² and will welcome visitors with a stunning store. The lease has been signed and construction of the area will begin in October 2024. The center is a visitor magnet for the entire region and attracts more than 9 million visitors per year. The superlative opening is a great compliment to the center and makes it even more attractive for shoppers. ONLY’s commitment to LOOM Bielefeld is an important cornerstone in our strategy to provide customers with the best shopping experience. In total, leases have been signed for around 7,000 m², and a substantial investment will be made to bring these plans to life. Additionally, further negotiations are underway with international retailers to expand their spaces. These successful leasing efforts align with the excellent sales and footfall development at LOOM and will further enhance operational performance in the future. The recently enlarged store of JD Sports Fashion has already opened its doors, while Camp David Inc. and KULT are expected to open in August and September of this year. We look forward to announcing more soon. #ecerep #investment #retail #shoppingcenter

𝗣𝗼𝘀𝗶𝘁𝗶𝘃𝗲 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗶𝗻 𝗕𝗿𝗶𝗰𝗸-𝗮𝗻𝗱-𝗠𝗼𝗿𝘁𝗮𝗿 𝗥𝗲𝘁𝗮𝗶𝗹 𝗮𝘁 𝘁𝗵𝗲 𝗦𝘁𝗮𝗿𝘁 𝗼𝗳 𝟮𝟬𝟮𝟰 The beginning of 2024 has brought encouraging signs for the brick-and-mortar retail sector. Notably, inflation has significantly decreased in many of our target markets in Europe, a trend that positively impacted retail and consumer confidence indicators, as reported by Eurostat. This positive development is mirrored in the performance of the ECE Real Estate Partners portfolio. On average, we achieved a like-for-like tenant sales growth of +3.7% in Q1 2024 compared to Q1 2023. Spain led the way with an impressive +6.0% growth, followed by Poland at +5.6%, and Italy at +3.9%. These countries all experienced sales growth that significantly outpaced their respective inflation rates. In Germany, we also saw a favorable outcome with a +2.4% sales growth, exceeding the inflation rate of +2.2% for the same period. In addition to sales growth, the footfall frequencies have remained steady compared to 2023, with May seeing visitor numbers return to pre-pandemic levels. This consistency in consumer traffic highlights the enduring relevance of prime shopping centres. Our outlook for the remainder of 2024 is highly positive. We anticipate continued strong sales growth in 2024, bolstered by the completion of several major asset management initiatives in our pan-European portfolio, offering additional benefits to our tenants and shoppers alike. The strong start to 2024 reaffirms the resilience and importance of brick-and-mortar retail. We are excited about the continued growth and opportunities in this sector and remain committed to driving further success for our stakeholders. #ecerep #investment #shoppingcenter #reporting

𝗡𝘂𝗺𝗯𝗲𝗿𝘀 𝗮𝗻𝗱 𝗘𝘅𝗰𝗲𝗹 𝘁𝗮𝗯𝗹𝗲𝘀 𝗮𝗹𝗼𝗻𝗲 𝗮𝗿𝗲 𝗻𝗼𝘁 𝗲𝘃𝗲𝗿𝘆𝘁𝗵𝗶𝗻𝗴! All the information is gathered at Niklas Kadenbach and Dimitris Gavriilidis: They have been with ECE REP as Young Talents since 2023 and work as Investment Analysts at the Hamburg office. They talk about their diverse range of tasks and the associated challenges, their start and what makes the work special for them. 𝗪𝗵𝗮𝘁 𝗺𝗮𝗸𝗲𝘀 𝘄𝗼𝗿𝗸𝗶𝗻𝗴 𝗮𝘀 𝗮𝗻 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗮𝘁 𝗘𝗖𝗘 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀 𝘀𝗽𝗲𝗰𝗶𝗮𝗹? 𝘿𝙞𝙢𝙞𝙩𝙧𝙞𝙨: It's the mix of handling responsibly with key financial figures and the international trips to our shopping centres on site. What makes the experience truly special is the hands-on involvement in strategic decision-making processes. And the active participation in evaluating potential investments, conducting thorough market analyses, and leveraging advanced financial modeling tools. This dynamic role fosters a collaborative atmosphere where teamwork and shared expertise drive innovative solutions and insights. What I find particularly compelling is the opportunity to work within an environment rich with experience in the investment sector, where continuous learning and the personal development is encouraged. 𝗪𝗵𝗮𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗯𝗶𝗴𝗴𝗲𝘀𝘁 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗷𝗼𝗯? 𝙉𝙞𝙠𝙡𝙖𝙨: I believe the greatest challenge in our role lies in its versatility. At one moment, we are evaluating re-letting strategies with leasing management, and the next, we are discussing the business plan with asset controlling. Shortly thereafter, we are reviewing the market value of a shopping centre with the valuer. Within a single day, we examine the same property from multiple perspectives. When you consider that this occurs simultaneously across numerous shopping centres in our funds, it becomes evident what makes analyzing a shopping centre so attractive, as well as the unique challenges it presents. 𝗜𝘀 𝘁𝗵𝗲𝗿𝗲 𝗮𝗻 𝗲𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲 𝘁𝗵𝗮𝘁 𝘆𝗼𝘂 𝗽𝗮𝗿𝘁𝗶𝗰𝘂𝗹𝗮𝗿𝗹𝘆 𝗿𝗲𝗺𝗲𝗺𝗯𝗲𝗿? 𝘿𝙞𝙢𝙞𝙩𝙧𝙞𝙨: From the outset of my employment, I was entrusted with a lot of responsibility and had the opportunity to work on exciting and challenging projects right away. The entire team warmly welcomed me and imparted a wealth of knowledge, which I continue to learn from and apply every day. What particularly inspired me was the strong sense of teamwork and collective determination to achieve our goals together. 𝙉𝙞𝙠𝙡𝙖𝙨: Interesting and challenging tasks right from the start and especially the team’s trust in you. That's what makes the difference for me compared to many other jobs where you're more of an add-on. In my experience, ECE REP really is a pioneer here. #ecerep #youngtalents #career #investmentanalysts

Strong performance through turbulent times Shopping centers have proven to be a resilient and attractive investment: tenant sales and NOI grow across the portfolio, occupancy rate and occupancy cost ratio are at pre-corona level and better. On an ECE panel discussion about investment opportunities in retail real estate, Volker Kraft discussed the opportunities in the current market environment together with Klaus Severin Schöttmer, Managing Director Special Property Finance, Aareal Bank AG and Henrike Waldburg, FRICS, Member of the Board Union Investment Real Estate GmbH. "In recent years, we've seen a strong return of customers to brick-and-mortar retail, leading to significant sales and rental growth in our portfolio," explained Volker Kraft. “There are exciting years ahead for shopping centers, that are currently valued at historically low levels and the market provides for a growing pipeline of attractive assets for sale. We are exploring market opportunities with anchor investors and new candidates. We have some highly interesting vintage years ahead of us”. We are looking forward to the ECE Real Estate Partners Investors Day in Berlin at the end of June, to which we invite all investors in our private funds to an annual meeting. Stay tuned! #ecerep #investorsday #investment #markets #future

Premiere at the Real Estate Investment Day in Frankfurt For the first time, a panel on hotel investment will be offered at the Real Estate Investment Day organized by Targa Communications on 6 June in Frankfurt. We are represented there by Ascan Kókai who will discuss why the current market opportunities in this European growth sector justify increased capital allocations together with Asli Kutlucan, Marc P. Werner, LL.M. (Miami) and Miguel Martins. . The panel discussion “Why you should include hotel investments in your real estate portfolio” presents the hotel sector to a wider audience and illustrates the attractiveness of hotel investments. The Real Estate Investment Day has a European focus and brings together investment and fund managers from the commercial real estate industry as well as fund initiators and industry consultants. https://lnkd.in/egxGmjbp #reid #realestateinvestmentday #hotel #realestateinvestments

Expansion of Outdoor Sports Area at G3 Shopping Resort Gerasdorf We're very happy to announce the expansion of our 3,000 m² Outdoor Sports Arena at G3 Shopping Resort in the Vienna region! The new facilities include a versatile sports field for soccer and basketball, which can be converted into an ice skating arena in winter. This expansion completes our outdoor area, which also features pump tracks for testing bikes, skates, and boards, a climbing wall for little adventure seekers, a trail for shoe and equipment testing, and a fun play area for kids. Best of all, all activities are free for visitors. The outdoor area complements the 5,000 m² of new retail formats that opened in June 2023, introducing several sports-related concepts new to the region. To celebrate, we hosted a fantastic Family Fun Weekend with more than 62,000 visitors, marking the start of summer and building excitement for the European Football Championship. The event featured volleyball and soccer tournaments organized with local sports teams, along with engaging activities for all ages. #ecerep #G3ShoppingResort #Vienna

Six re-openings in Szczecin Together with Inditex, we are proud to celebrate six new openings at Galeria Kaskada in Szczecin, Poland. Bershka, Massimo Dutti, Oysho, PULL&BEAR and Stradivarius kicked things off in mid-April, followed by ZARA SA at the end of May. The re-opening is part of a significant enlargement of Inditex’s footprint in the centre which has doubled the sales area of the stores from ca. 3,000 to 6,000 square meters. In the future, the new shops will offer an even wider range of products to Galeria Kaskada’s visitors. “We are delighted that the Inditex Group has seized the opportunity to further expand the location's potential. The increase in space is a great commitment to the center. The performance of the first few weeks alone shows that this decision was the right one, footfall is on record levels and our visitors love the expanded offering,” explains center manager Norbert Fijałkowski. Galeria Kaskada, centrally located in the heart of Szczecin, is perceived as the “place to be“ shopping destination in the West Pomeranian region and also attracts German visitors with its range of brands and products. With an area of ca. 45,000 sqm and 137 retail stores, the center has established itself as a quality leader in its large catchment area. #ecerep #realestate #investment #retail #ShoppingCentres

New photovoltaic system as a huge step towards the sustainable future   The Haid Center in the south of the Austrian city Linz is not only a supra-regional shopping attraction, but also an example of sustainability: a photovoltaic system is currently being installed on the roof of the asset, the construction work is in its final stages. This restructuring marks a significant step towards realizing a long-term vision of a sustainable portfolio and demonstrates efforts to maximize the efficiency of this centre. Planning commenced in the summer of 2023, followed by construction starting in October of the same year, set to be operational by April 2024. Since its opening in 1991, the Haid Center Linz has continuously enhanced its appeal through ongoing innovations and increase of stores: Today, the centre comprises 80 stores on a total leasable area of 44,000 square meters. Furthermore, excellent service, good accessibility as well as gastronomic offerings and over 2,500 free of charge parking spaces ensure a customer-friendly shopping experience – now backed up by the sustainable energy concept: we anticipate a substantial reduction in carbon emissions by over 400,00 kg per year. This investment contributes to improve environmental impact while simultaneously enhancing the long-term value of the Haid Center, and ensuring a commitment to a sustainable future. #sustainability #solar #ecerep #investment