ECE Real Estate Partners

𝗢𝗽𝗲𝗻𝗶𝗻𝗴-𝗛𝗮𝘁𝘁𝗿𝗶𝗰𝗸 𝗮𝘁 𝗚𝟯 𝗦𝗵𝗼𝗽𝗽𝗶𝗻𝗴 𝗥𝗲𝘀𝗼𝗿𝘁 The G3 Shopping Resort in Gerasdorf near Vienna has expanded its diverse offerings with three exciting new store openings this week, achieving a strong 38% average increase in footfall over the opening days:   ➡️ TK MAXX has launched a spacious 1,800m² store, offering a fantastic selection of top brands in fashion, home, and living. The expanded space ensures even more variety for style-conscious shoppers and home decor enthusiasts. To achieve this, we have combined several units into one large retail area to be able to accomodate another sought-after anchor tenant. ➡️ Rituals has opened a beautifully designed 200m² store, showcasing its collection of skincare, fragrance and wellness products. Visitors can treat themselves to their renowned lotions, soaps and scents! ➡️ Mass Shoes has expanded our footwear offering with over 600m² of international shoe brands. This provides shoppers with even more options. G3 Shopping Resort is appreciated in its catchment area for its well-curated mix of anchor tenants, essential services, and complementary offerings. The modern, architecturally appealing center, featuring spacious mall areas, excellent access via the S1/A5/B7 motorways, and 4,000 free parking spaces, is the perfect shopping destination, especially for families. In addition, our 5,000 m² sports area with a cycling adventure track and a sports field that transforms into an ice-skating arena in winter adds a dynamic element to the experience. This unique combination ensures a high levels of visitor satisfaction and dwell times, demonstrating the welcoming atmosphere of G3. #ecerep #shoppingcenter #investment

𝟰-𝘀𝘁𝗮𝗿 𝗚𝗥𝗘𝗦𝗕 𝗥𝗮𝘁𝗶𝗻𝗴 𝗳𝗼𝗿 𝗘𝗣𝗜𝗚 𝗙𝘂𝗻𝗱 ESG-Strategy paying off! We are proud to announce that the ECE Progressive Income Growth Fund (“EPIG Fund”) has been awarded a 4 Star Rating by the independent ESG-rating agency GRESB. With a performance of 86 out of 100 points the rating increased by 14 points compared to the previous year. Evaluation-highlights overview: ➡️ The EPIG fund outpaces its competitors: it scores higher than similar funds in 12 out of 14 of the scoring categories. ➡️ In 8 out of the 14 measured ESG Performance categories, the EPIG fund obtains a maximal scoring. Among others, the categories of leadership, ESG commitments, and ESG policies are on top of the list. ➡️ Our management scores 29 out of 30 - well above benchmark average. The steady increase in sustainability standards is part of ECE REP’s holistic long-term ESG strategy and has been awarded this year by a four-star rating for all GRESB-participating funds by ECE REP (EPIG fund, Fund II, EPEF Fund). Nevertheless, we will continue to improve ESG goals, reduce overall consumption and implement smart management and monitoring tools. Katrin Ewald, Head of ESG at ECE Real Estate Partners, comments: "We have significantly improved the scoring of the EPIG fund compared to last year and will continue to optimize our management and performance practices and thus demonstrate to all stakeholders and investors our committed effort to meeting the set ESG criteria and goals. This will not only be crucial for our responsibility towards the environment and future generations but will also play a pivotal role in our long-term investor relations approach”. #ecerep #ESG #shoppingcenter #investment

𝗘𝘅𝗽𝗼 𝗥𝗲𝗮𝗹 𝟮𝟬𝟮𝟰 𝗥𝗲𝗰𝗮𝗽 The positive sentiment for shopping centers at EXPO REAL (Messe München) 2024 in Munich was palpable, and it’s clear: interest in the market is back! Some initial transactions can be observed at the market, signaling renewed confidence and momentum in the retail real estate sector. Cash flow-strong shopping centers are attracting the attention of banks and investors alike. While market participants continue to monitor consumer sentiment and spending trends closely, there's broad consensus that the shopping center sector is set for positive years ahead. From an investment standpoint, this translates into exciting opportunities and promising vintage years for funds. As Volker Kraft, Managing Partner, puts it: "We are strategically positioned to seize opportunities and capitalize on new acquisitions in this evolving market. The challenges of the past have set the stage for future success." We are ready to convert these opportunities into tangible value for our partners and clients. #ecerep #ExpoReal2024 #Investment #ShoppingCenters

𝗣𝗼𝘄𝗲𝗿𝗳𝘂𝗹 𝗢𝗽𝗲𝗻𝗶𝗻𝗴 𝗮𝘁 𝗥𝗼𝘀𝗲𝗻𝗴å𝗿𝗱𝗰𝗲𝗻𝘁𝗿𝗲𝘁 We were delighted to celebrate the opening of Denmark's largest POWER A/S store in our centre in Odense on October 4. The specialist retailer for electronics and household appliances has expanded from 2,000 to an impressive 5,500 square meters. Together with the tenant, circa 14 million EUR have been invested to transform previously unused space into modern retail space through extensive conversion work. With this relocation and expansion, our center is now home to the largest electronics and household appliance store in Denmark. This USP further reinforces the importance of the center and its attractiveness for the entire region. On the opening day alone, around 40,000 visitors came to the centre. This special opening lasted an incredible 20 hours, from 6 o'clock in the morning until 2 o'clock at night. The result of the first day: a record turnover of almost seven million EUR. We are delighted with this successful start and expect the success story to continue. This measure aligns with our long-term strategy of continuous development for the center. Following a comprehensive makeover in 2015, the latest updates included the introduction of a “Food Avenue” with 15 restaurants and an integrated cinema. These and other enhancements have transformed Rosengårdcentret into a premier shopping and experience destination for the whole island of Fyn and beyond. ECE Danmark #ecerep #shoppingcenter #investment

𝗟𝗲𝘁’𝘀 𝗺𝗲𝗲𝘁 𝗮𝘁 𝗘𝗫𝗣𝗢 𝗥𝗘𝗔𝗟! The biggest real estate and investment fair in Europe, EXPO REAL (Messe München) in Munich, is just around the corner, and we can’t wait to connect! We’re eager to exchange ideas with professionals from the #Retail and #Hospitality sectors, diving into the trends and challenges that are driving our industries forward. Don’t miss the chance to meet us at the ECE booth 𝗕𝟮.𝟯𝟰𝟬. Looking forward to some great conversations! #ecerep #investment #shoppingcenter #hotels #realestate #investment #networking

𝗘𝗖𝗘 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀 𝗿𝗮𝗶𝘀𝗲𝘀 𝗳𝘂𝗿𝘁𝗵𝗲𝗿 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝗳𝗼𝗿 𝗶𝘁𝘀 𝗘𝗣𝗜𝗚 𝘀𝗵𝗼𝗽𝗽𝗶𝗻𝗴 𝗰𝗲𝗻𝘁𝗿𝗲 𝗳𝘂𝗻𝗱 ECE Real Estate Partners is expanding its investment activities and has raised further circa EUR 100 million of capital for its ECE Progressive Income Growth Fund (the “EPIG Fund”) that invests in high quality shopping centres in Europe and holds a portfolio of seven centres with a total market value of more than EUR 2.2 billion. This latest capital raise follows raising circa EUR 150 million for the EPIG Fund in 2022 and 2023 and investing in the PEP shopping centre in Munich in March 2023 jointly with the Generali insurance group. The further capital is intended for acquiring additional assets and for investing in the fund’s existing portfolio. Leading institutional investors participating in the capital raise include Blue Sky Group, KLP and clients of The Townsend Group. Volker Kraft, Managing Partner of ECE Real Estate Partners, comments: “The EPIG Fund has achieved outstanding operational results and income growth since its inception in 2019. We believe we are in a favourable market phase to acquire assets and continue to raise capital for our investment programmes.” #ecerep #investment #shoppingcenter

Opening of C&A at Erlangen Arcaden Last Friday, C&A opened its new and modern shop with around 3,000 sqm of retail space on two floors, adding up to the previous openings at Erlangen Arcaden of New Yorker, Only by BESTSELLER, and Engbers GmbH & Co.KG. The centre attracts an average of 25,300 visitors per day and its 100 shops offer a large choice on more than 30,000 sqm to them. Its direct access to Erlangen’s pedestrian zone and a catchment area of around half a million inhabitants is yet another key to the centre’s success story. Ever since its acquisition by the European Prime Shopping Centre Fund II in 2019, we have invested a double-digit million sum in the center’s refurbishment, i.e. various space adjustments have been made and sustainability standards implemented in order to further increase the location's potential. In addition to that, other brands such as NAME IT and ONLY & SONS will follow soon. “We are very pleased about C&A's commitment to Erlangen as a retail location. The decision underlines the attractiveness of the city and the excellent inner-city location of the centre”, says Matthias Borutta, centre manager of Erlangen Arcaden. ECE #ecerep #investment #opening #erlangenarcaden

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