This site has been created for exclusive use by institutional investors only and does not take into account investment objectives, financial situation or specific needs of any individual investor. Information should not be the sole basis for any investment decision.
If you are not an institutional client, consultant or financial professional and are looking for more information about mutual funds and other products at Nuveen, please visit our site at www.nuveen.com.
Past performance is not a guarantee of future performance. All investments involve some degree of risk including loss of principal. Investment objectives may not be met.
By agreeing you are confirming you are being truthful, acknowledging you have read the information above and accept the terms and conditions set out with this site and meeting the intended audience requirement for this site. Not all content on this site is appropriate or applicable for the general public and we cannot guarantee consequences with the use of this information by unauthorized or unintended users. Content on this site may not be redistributed and is for informational purposes only and does not constitute investment advice or provide a solicitation of an offer to buy any security.
TH Real Estate acquires largest Muji Store in Europe | News
We have secured the Japanese brand Muji, at their Kamppi Shopping Centre in Helsinki, Finland.
The opening of Muji at the centre will be the first flagship store in Finland and represents the largest Muji store in Europe. The store is scheduled to open in Q4 2019. Muji currently has more than 40 stores across Europe.
Kamppi Shopping Centre totals 36, 600 sq m (393,959 sq ft) of retail and leisure space and includes prime International and Nordic retail brands such as Hilfiger, Levi’s, Calvin Klein, Mango, Stadium and Clas Ohlson, as well as several upmarket independent restaurants and bars. Kamppi is one of the most popular shopping centres in the Nordics, with c.33 million visitors in 2018.
Katja Holmström comments: "We are pleased to welcome Muji as a key tenant at Kamppi Shopping Centre. We trust that Muji’s flagship store will add to Kamppi’s well diversified tenant mix and support us to further develop the shopping centre, keeping it the preferred shopping destination in the Helsinki Metropolitan area. The Muji pop-up store, which is currently open, has been a great success so far and it gives us something extra for the Christmas sales."
The European Cities platform acquired a 50% stake in Kamppi Shopping Centre in February 2017, creating a 50:50 joint venture with Allianz. The mandate targets income-producing properties in 'future-proof' cities across Europe. There are currently 11 properties in the portfolio, including three retail assets, Enox Retail Park, Meraville Retail Park and Xanadú Shopping Centre, located in Paris, Milan and Madrid respectively.
Content Two Up Component:
Warning: Datasource not found