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Retail Parks

Mitiska REIM buys retail park in Venlo from HighBrook

Mitiska REIM has today announced on behalf of the MEREP 3 fund the acquisition of Trefbox Venlo retail convenience center from HighBrook investors. Acquired in a joint venture partnership with Everglow Real Estate, Mitiska REIM plans to redevelop the center into a modern and sustainable convenience retail hub for the city and...
Monday, 18. November 2024

Supermarket Income REIT buys Huddersfield Sainsbury's

Supermarket Income REIT has acquired a Sainsbury's omnichannel supermarket in Huddersfield, West Yorkshire, for a total purchase price of £49.7 million (excluding acquisition costs), reflecting an attractive net initial yield of 7.6%.
Monday, 18. November 2024

LondonMetric offloads £58m more non-core assets

LondonMetric Property it has sold 24 properties across various non core sectors for a total consideration of £57.9 million, reflecting a 6% profit over prevailing book values. The sales include 22 LXi properties and comprise:
Monday, 18. November 2024

Cibus acquires grocery store in Borlänge for SEK 75m

Cibus Nordic Real Estate has acquired the newly renovated grocery store at Hökaren 2 in Borlänge (Tyllsnäsvägen 4) through a company acquisition on 28 October 2024 for an underlying property value of SEK 75 million.
Tuesday, 29. October 2024

Union Investment turns retail park into city logistics hub

The course is being set for the future of the former 100,000 m² Meister Areal retail park on Virnsberger Strasse: A modern and almost energy self-sufficient city logistics hub with around 20,500 m² of logistics space and a new local supply centre for residents and employees is being built in this well-connected location in th...
Monday, 14. October 2024

Newgate buys retail park in Zgorzelec from Smart Park Poland

In recent days, Newgate Investment (NGI) has completed the acquisition of a fully let 5,488 sqm (GLA) completed retail park in Zgorzelec. The seller was the developer Smart Park Poland. The transaction was financed through mLeasing in form of a long-term real estate lease.
Tuesday, 10. September 2024

British Land expands retail park portfolio with £240m acquisitions

British Land has acquired £240m of high quality retail parks, reflecting a blended net equivalent yield of 7.4%. These acquisitions are in line with its plan to reinvest the £360m from the sale of Meadowhall Shopping Centre into growing its retail park portfolio.
Friday, 6. September 2024

DEFAMA appoints Dr. Bernreuther as new Head of Business Development

Deutsche Fachmarkt AG (DEFAMA) aims to strengthen growth and market presence in the real estate industry and has recruited Dr Angelus Bernreuther (47) as a new member of the management team. Dr Bernreuther will now assume the position of Head of Business Development at DEFAMA and will lead the transaction business of the publ...
Monday, 2. September 2024

EfTEN buys UNA retail park in Vilnius for €4,78m

EfTEN Real Estate Fund 5, managed by Eften Capital, has purchased the newly completed UNA shopping centre at Dangeručio 1 in Vilnius, which was succesfully completed by developer VPH in May last year. UNA‘s anchor tenants are Kesko Senukai, RIMI Hypermarket, Pepco, Deichmann, Takko Fashion and Sinsay. According to market info...
Thursday, 29. August 2024

Motonet joins Niam's Solåsen Handel retail park in Jönköping

The Motonet retail chain is moving into Solåsen Handel in Jönköping. The new tenant will occupy approximately 5,000 square metres and offer a wide range of products and accessories for cars, boats, motorcycles, tools, fishing, hunting, home and leisure. The opening is planned for the first half of 2025.
Wednesday, 28. August 2024

Branicks sells four retail parks to US investment manager

Branicks sells a portfolio of retail parks to an undisclosed US investment manager. One property is from the Branicks AG portfolio, the other three are from the portfolio of its subsidiary BBI. With this latest transaction, the investment manager continues its financial consolidation.
Friday, 16. August 2024