ECE Real Estate Partners

𝗡𝗲𝘄 𝗨𝗦𝗣 𝗶𝗻 𝗡𝗼𝗿𝘁𝗵𝗲𝗿𝗻 𝗣𝗼𝗹𝗮𝗻𝗱: 𝗣𝗿𝗶𝗺𝗮𝗿𝗸 𝗢𝗽𝗲𝗻𝗶𝗻𝗴 𝗮𝘁 𝗭𝗶𝗲𝗹𝗼𝗻𝗲 𝗔𝗿𝗸𝗮𝗱𝘆 𝗦𝗵𝗼𝗽𝗽𝗶𝗻𝗴 𝗖𝗲𝗻𝘁𝗿𝗲 Irish retailer Primark has inaugurated its 7th store in Poland at the end of November, located within our Zielone Arkady shopping centre in Bydgoszcz. Spanning 4,500 m² across two floors, visitors can explore a diverse selection of the latest fashion, footwear, accessories, home interiors, and travel essentials. A standout feature: 15 self-service checkouts complement the traditional payment counters, streamlining the shopping experience. The addition of Primark enhances the shopping centre by introducing another prominent anchor tenant. Zielone Arkady is already established as the leading retail destination in Bydgoszcz, serving a catchment area with approximately 800,000 residents. The center features approximately 200 shops from A like adidas to Z like Zara, making it a premier shopping destination on a national level. Visually, the centre is equally compelling, blending modern and classical architectural elements - a combination that has earned its design awards. Since its opening in 2015, Zielone Arkady has been a benchmark for sustainable operations. Acquired by the ECE European Prime Shopping Centre Fund II in the same year, the centre has prioritized resource conservation and CO2 reduction. It operates entirely on green energy and employs innovative systems like LED lighting integrated with natural daylight and smart ventilation controlled by visitor numbers. With its comprehensive retail mix, architectural charm, and commitment to sustainability, Zielone Arkady continues to set new standards for shopping centres in Poland. #ecerep #shoppingcentre #investment

𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗼𝗻 𝘁𝗵𝗲 𝗺𝗼𝘃𝗲: 𝗺𝗼𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝘀 𝗮𝗻 𝗲𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹 𝗰𝗼𝗺𝗽𝗼𝗻𝗲𝗻𝘁 𝗼𝗳 𝗼𝘂𝗿 𝗼𝘃𝗲𝗿𝗮𝗹𝗹 𝗘𝗦𝗚 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆 Sustainability doesn't just start at the front door of our shopping centres - our ESG strategy always includes the journey of visitors and employees as well as the logistics of tenants. Mobility has a decisive influence on the environment, the shopping experience and the future potential and appeal of a centre. Together with our Parking & Mobility team at ECE Marketplaces we are constantly working to drive this process forward. 𝗣𝗮𝗿𝘁 𝗼𝗳 𝘁𝗵𝗲 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗽𝗮𝗰𝗸𝗮𝗴𝗲 𝗼𝗳 𝗺𝗲𝗮𝘀𝘂𝗿𝗲𝘀 ✅ Charging infrastructure for e-vehicles - convenient and sustainable solutions directly on site. ✅ Bicycle friendliness - from secure parking spaces to e-bike charging stations. ✅ Optimising public transport services - Together with partners, we are making the switch to bus and rail even more attractive. ✅ Climate-friendly logistics - support for low-emission delivery solutions. Our latest sustainable mobility solution: A modern charging hub from AUDI AG with ultra-fast charging points was opened at Waterfront Bremen at the beginning of November. The vehicles can be easily charged with green energy at the covered charging stations comfortably while shopping. Vehicles from other brands can also be charged, with up to 300 KW. Visitors at Rosengaardcenter in Odense, Denmark, are also powered by green energy via the Tesla Supercharger. A further charging station is already being planned at the G3 in Vienna. #ECEREP #investment #ESGstrategy #sustainability

𝗣𝗮𝗿𝗾𝘂𝗲 𝗣𝗿𝗶𝗻𝗰𝗶𝗽𝗮𝗱𝗼: 𝗥𝗲𝗰𝗼𝗴𝗻𝗶𝘇𝗲𝗱 𝗳𝗼𝗿 “𝗢𝘂𝘁𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗧𝗿𝗮𝗰𝗸 𝗥𝗲𝗰𝗼𝗿𝗱” Our Shopping Centre Parque Principado, located in Ovideo in Spain, has been awarded the “Special Award to the shopping centre with an outstanding track record” by the AECC - Asociación Española de Centros y Parques Comerciales (AECC). This recognition highlights the centre's ongoing evolution and our commitment to enhancing its commercial mix, atmosphere, and services. These efforts have solidified its position as the premier shopping and leisure destination in Asturias. Volker Kraft, Managing Partner of ECE Real Estate Partners, comments: “We couldn’t be happier. This award underscores our extensive efforts to modernize and remodel Parque Principado, enhancing the value of this outstanding asset.” The centre spans 74,000 square meters and was acquired in 2020 by the ECE European Prime Shopping Centre Fund II, with the centre on track to reach a record of more than 9 million visitors. One of the most important key objectives was the refurbishment and development of additional value creation potential. To elevate the experience of stay the measures included interior remodelling, new seating and novel lighting fixtures. Milestones of the past two years were the extended leases by anchor tenants like Primark and H&M and the reopening of an expanded state-of-the-art-store by Zara. A recent example of the centre’s evolution is the refurbishment of the new mall area “Paseo de la Seronda”, a restructured former Hypermarkt Eroski space which now hosts international and regional tenants like C&A, Futbol Emotion, Milbby, Pepco, and Lefties from the Inditex Group, offering a unique commercial mix across 13,500 square meters. This new and refreshed offering has been appreciated by the customers as outstanding regarding the satisfaction index, and has boosted both the traffic and sales, with the centre on track to reach a record 9.3 million visitors. Congratulations to our local team! #ecerep #centres #realestate #retail

“𝗪𝗲 𝗮𝗿𝗲 𝗻𝗼 𝗹𝗼𝗻𝗴𝗲𝗿 𝘁𝗮𝗹𝗸𝗶𝗻𝗴 𝗮𝗯𝗼𝘂𝘁 𝗮 𝗴𝗿𝗲𝗲𝗻 𝗽𝗿𝗲𝗺𝗶𝘂𝗺 𝗯𝘂𝘁 𝗮𝗯𝗼𝘂𝘁 𝗮 𝗯𝗿𝗼𝘄𝗻 𝗱𝗶𝘀𝗰𝗼𝘂𝗻𝘁.” How to improve the sustainability of our centres and remain profitable at the same time? This is the question that drives Katrin Ewald, Head of ESG. Together with the various specialist departments, she is responsible for developing and implementing our ESG strategy. In constant dialogue with our investors and stakeholders, she gears towards a sustainable future in line with our ESG goals and finally towards our Net Zero commitment. 𝗪𝗵𝗮𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗸𝗲𝘆 𝘁𝗼 𝘀𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹𝗹𝘆 𝗶𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗶𝗻𝗴 𝗘𝗦𝗚 𝗺𝗲𝗮𝘀𝘂𝗿𝗲𝘀? As a shopping centre specialist, we are used to spending substantial budgets on improvements and capital expenditure every year. Successfully implementing ESG means adding one more perspective to this planning process. We have to incorporate sustainability into the allocation of our budgets, including the Net Zero commitment from the starting point of each project. Additionally, we need to identify the right timing of ESG measures based on lifetime cycles of the existing technical equipment and plants. We focus on continuously integrating ESG measures across the board - this includes everything from small, quick initiatives like switching to LED lighting and ai-based optimizing of plants and technical systems, to larger ongoing projects like installing photovoltaic systems on our roofs. 𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗯𝗶𝗴𝗴𝗲𝘀𝘁 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀? One of the biggest challenges is the lack of reliable standards and definitions on the market. Moreover, tenant data and cooperation are key. We constantly work on enhancing the share of green leases to e.g. having access to consumption data and being able to enhance the share of green electricity on tenant areas.  Achieving Net Zero emissions is next to landlord responsibility highly dependent on the behavior, understanding, and cooperation of all stakeholders. Raising this awareness takes time which we don't really have. 𝗔 𝗹𝗼𝗼𝗸 𝗶𝗻𝘁𝗼 𝘁𝗵𝗲 𝗳𝘂𝘁𝘂𝗿𝗲: 𝘄𝗵𝗮𝘁'𝘀 𝗻𝗲𝘅𝘁? The compliance with ESG standards is becoming increasingly important for investors and debt financing partners. Properties without a suitable ESG strategy, ESG objectives, as well as independent building certifications are rapidly losing appeal and value, particularly among international investors. To my opinion, we are no longer talking about a green premium but about a brown discount. #ecerep #ecerealestatepartners #retail #ESG #sustainability

𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗮𝘁𝗶𝗼𝗻 𝗳𝘂𝗻𝗱𝘀: 𝗔 𝘃𝗶𝗮𝗯𝗹𝗲 𝗲𝘅𝗶𝘁 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆 Our colleague Herbert Thomas, General Counsel - Funds at ECE Real Estate Partners, joined in September the ALFI - Association of the Luxembourg Fund Industry Private Assets Conference 2024, on a panel on the benefits of continuation funds with Michelle Berry, Partner in Funds & Management at Maples Group. Joaquín Alexandre Ruiz, Head of Secondaries at the European Investment Fund and Michel Marques Pereira, partner at Elvinger Hoss Prussen. They discussed the motivations for general partners and limited partners to engage in continuation funds, which allow fund investors to continue their investment in one or several assets beyond the term of the existing fund. The panel also considered the key elements of a successful continuation fund and how continuation funds may evolve in the coming years. Herbert Thomas comments: “Continuation funds can be a viable exit option which benefit both existing and new investors, especially in challenging market times. However, it is key that the general partners implements mechanisms that ensure a fair treatment of investors who want to exit the fund as well as those that want to remain invested.” We would like to thank ALFI for the invitation and the thoughtful discussion. #ecerep #investment #ecerealestatepartners #ALFI #PrivateAssets

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