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Retail Parks

SREF partners with IED to acquire £162m Romford retail warehouse

The Schroder UK Real Estate Fund (SREF) has announced it has partnered with Zurich Investment Foundation Immobilien Europa Direkt (‘IED’, a Schroders Capital managed, pan-European strategy to acquire “The Brewery”, a prime supermarket anchored, retail warehouse and leisure scheme in Romford, Greater London for £162 million in...
Monday, 24. January 2022

HIH confirms purchase of Warnow Park in Rostock from Corestate

HIH Invest has confirmed that it has acquired Warnow Park in Rostock for an individual mandate from an institutional investor. Corestate, the seller of the popular district centre, reported the sale shortly before Christmas , but did not provide any information about the buyer.
Monday, 24. January 2022

New letting and lease renewal at Salisbury Retail Park

Lothbury Investment Management Limited, on behalf of Lothbury Property Trust, has completed the letting of Unit 3 at Southampton Road Retail Park in Salisbury to Tapi Carpets, swiftly followed by a renewal with existing tenant, Next.
Monday, 24. January 2022

German retail property market impacted by focus on grocery-anchored properties

The German retail property market recorded an investment volume of around €9.5 billion in 2021. Compared with 2020 this marks a decline of 22 percent, caused mainly by the lack of large-scale acquisitions of equity stakes and corporate takeovers that determined 2020. Furthermore, the proportion of portfolios also declined (do...
Tuesday, 18. January 2022

Mitiska REIM transforms Dutch retail convenience center

Mitiska REIM has today announced it has completed a transformation of Retail Centre De Lely, located in the Dutch city of Arnhem. Acquired by Mitiska REIM in July 2018, a 30-month value-add programme has now been completed which has transformed the look, layout and tenant mix of the convenience center.
Monday, 17. January 2022

MEAG and IC Immobilien extend lease agreements for 16,200 sqm with Kaufland

In cooperation with IC Immobilien Gruppe, MEAG has secured long-term extensions to two lease agreements with Kaufland in the Alsdorf and Hückelhoven retail parks, both in North-Rhine Westphalia, as of 30 November 2021. Both properties are part of the specialised real estate fund MEAG German SuperStores.
Thursday, 13. January 2022

W. P. Carey acquires seven Polish DIY-retail stores

W. P. Carey announced the acquisition of seven DIY retail stores in Poland completed in December 2021 and totalling approximately 70,000 square metres. Seller is the Austrian Supernova Group The stores are triple-net leased to OBI for a term of 15 years with Eurozone CPI-based rent increases.
Wednesday, 12. January 2022

Deka Immobilien picks up Santa Monica Whole Foods for $54m

Deka Immobilien has acquired a retail property in Santa Monica, within the Los Angeles metropolitan area, USA, for approximately 54 million US dollars. The property has been purchased from Tooley Interests, a privately held Santa Monica-based real estate investment and development company, and is intended for the open-ended r...
Monday, 10. January 2022

Focus Estate Fund acquires Turawa Park

Focus Estate Fund has acquired Turawa Park shopping center in Opole from the international investment management group abrdn for an undisclosed sum. Turawa Park with a total area of 35,138 m² is the fourth asset of the fund’s portfolio in Poland.
Thursday, 6. January 2022

Growth in importance of small shopping centres and retail parks in CEE

Discount retailers predicted to find Central and Eastern Europe (CEE) market very attractive as evidence shows shoppers have favoured the ‘value for money’ approach these retailers provide - reveals a new report by Colliers: “ExCEEding Borders CEE | December 2021 Alive & Kicking CEE-16 on the radar of discounters”.
Monday, 3. January 2022

Stockmann to sell its department store properties in Tallinn and Riga

According to the corporate restructuring programme, Stockmann has sold its department store properties in Tallinn and in Riga to Viru Keemia Grupp (VKG). The total sales price is approximately €87 million. Stockmann will use the proceeds from the sales of the properties in full to reduce its secured restructuring debts.
Friday, 31. December 2021

Immofinanz expands presence in Croatia

Immofinanz is following its market entry in Italy with the expansion of its Stop Shop retail park brand across the Adriatic region in line with the corporate strategy.
Monday, 27. December 2021

Corestate sells Warnow Park in Rostock

Corestate has sold Warnow Park in Rostock from its Highstreet VIII retail fund. Warnow Park is part of Rostock's thriving business and science location. It is a highly attractive, fully-let centre with a fresh look and an 18-year master lease with Edeka Nord, one of the market leaders in European food retail.
Thursday, 23. December 2021