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Retail Parks

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

NewRiver sells retails assets for £96.6m

NewRiver to announce the exchange of contracts for the disposal of its Regeneration Shopping Centre in Cowley to Redevco for £38.8 million and of Poole Retail Park in Dorset for £58.0m.
Thursday, 23. December 2021

KS Holding finalizes Riga Ozols project with sale to Titanium

KS Holding, a Kesko Group company, has successfully completed its first investment by selling Ozols Centres in Riga to the Finnish Special Mutual Fund Titanium Baltic Real Estate. The purchase price for c.€40 million, generating a double digit return for investors.
Tuesday, 21. December 2021

W. P. Carey signs €41m sale-leaseback with Coop

W. P. Carey Inc. announced the €41 million sale-leaseback of 11 grocery retail stores totalling 13,100 square metres. Located across Denmark, the portfolio is net leased to Coop Danmark A/S.
Thursday, 9. December 2021

SUPR acquires Sainsbury’s supermarket for £75.8m

Supermarket Income REIT announces the acquisition of a Sainsbury’s supermarket in Cannock, Staffordshire, from a client of CBRE Investment Management for £75.8 million (excluding acquisition costs), representing a net initial yield of 4.0%.
Wednesday, 1. December 2021

Cibus signs an acquisition for €11.5m

Cibus Nordic Real Estate AB has on Friday signed the acquisition of a grocery store under construction for €11.5m. The property is acquired from a property developer. The transaction is targeted to close at the completion of the construction work in Q3, 2022.
Tuesday, 30. November 2021

Cibus buys Charlottenberg trade park for €28.3m

Cibus Nordic Real Estate AB has signed the acquisition of Charlottenberg trade park consisting of two separate assets in Sweden for €28.3m. The properties are acquired from Concilia Retail Property AS and Skips AS Tudor. The transaction is targeted to close on December 16, 2021.
Monday, 29. November 2021