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» Chronological View: " Retail " «

Lar España's AGM approves a dividend payment of €45 million

Lar España Real Estate Socimi S.A.'s AGM approved a €0.49 dividend per share reported against 2017’s results, which equates to a €45 million dividend payment, 50% more than the €30 million paid in 2016, and well above the €12 million in 2015. The dividend payment will be made on Wednesday 18 May. Dividend yields stand at 5.5%...
Friday, 20. April 2018
Tristan sells FMZ Stadlau retail park to fund of Bayerische Versorgungskammer (BVK)

Tristan sells FMZ Stadlau retail park to fund of Bayerische Versorgungskammer (BVK)

A new institutional real estate fund launched on behalf of the German pension fund Bayerische Versorgungskammer (BVK) has acquired FMZ Stadlau retail park in Vienna from a core plus fund advised by Tristan Capital Partners for circa €39 mn.
Friday, 20. April 2018
Neinver opens Halle Leipzig The Style Outlets Phase II

Neinver opens Halle Leipzig The Style Outlets Phase II

Neinver has officially opened the Phase II extension of Halle Leipzig The Style Outlets. The first outlet centre in Central Germany, which is also celebrating its second anniversary, has increased by 60 percent its GLA with the addition of 7,000 m2, taking the centre’s total commercial space to 18,000 m2.
Friday, 20. April 2018

Pbb provides finances for acquisition of three shopping malls for Newbridge

Pbb Deutsche Pfandbriefbank provided an investment facility of €74 million to companies owned by Newbridge for the acquisition of three shopping malls in Poland, namely Bielawy in Torun, Guliwer in Lódź and Czyżyny in Kraków. The 72,000 sqm portfolio is nearly fully leased, with Carrefour Polska as the anchor tenant on long l...
Friday, 20. April 2018
Quadoro acquires Shopping Centre in Kaiserslautern

Quadoro acquires Shopping Centre in Kaiserslautern

Quadoro Doric has acquired the Fackelcenter in Kaiserslautern on Richard-Wagner-Straße 1 for the open-ended special AIF Vontobel Sustainable Real Estate Europe. The Fackelcenter is a mixed-use retail and office building with 11 storeys and 9,200 m² of lettable space. It is conveniently located on one of the most highly freque...
Friday, 20. April 2018
The Mall at Cribbs Causeway as new home for The White Company

The Mall at Cribbs Causeway as new home for The White Company

The White Company has chosen The Mall at Cribbs Causeway in Bristol as home for its largest store in the South West. According to intu and M&G Real Estate, The White Company will open a 4,000 sq ft unit at the centre, committing to a 10-year lease. The British brand will join the likes of John Lewis, Lakeland, and Marks & Spe...
Thursday, 19. April 2018
House opens first UK stores

House opens first UK stores

The first House UK store has opened at Westgate Oxford, with four more locations to open before the end of June. The opening of the Westgate Oxford site coincided with the launch of the HouseUK.com online store. Two more stores, at The Lexicon in Bracknell and at Meadowhall in Sheffield, will open in the next two weeks while ...
Thursday, 19. April 2018

Aberdeen Standard Investments nets neighbourhood bar Darwin & Wallace in Wimbledon

The Standard Life Investments UK Shopping Centre Trust has signed a deal with Darwin & Wallace to open an innovative bar and dining experience at Centre Court Shopping Centre in Wimbledon. Darwin & Wallace has signed a 15-year lease on a 7,297 sq ft unit that will be transformed into one of its bespoke, ‘neighbourhood’ bars, ...
Wednesday, 18. April 2018

Unibail-Rodamco priced a €2.0 bn dual-tranche hybrid transaction

Unibail-Rodamco priced its inaugural hybrid securities offering to finance a portion of the cash consideration in the Westfield acquisition at €2 bn. The securities involved include a €1,250 mn Deeply Subordinated Perpetual Non-Call 5.5 year hybrid security with a 2.125% coupon and a €750 mn Deeply Subordinated Perpetual Non-...
Wednesday, 18. April 2018

Hammerson board backs away from Intu takeover

Hammerson is no longer urging its shareholders to vote in favour of its acquiring rival Intu. The shopping center operator has withdrawn its offer, citing the weakness of the current market. “Despite the resilience of Hammerson’s portfolio and strong operating metrics in Q1 2018, the equity market’s perception of the broader ...
Wednesday, 18. April 2018

McArthurGlen appoints Shaeren McKenzie as Chief Brand Officer

The McArthurGlen Group has announced the appointment of Shaeren McKenzie, currently Group Marketing Director, as its first Chief Brand Officer. In this newly-created role, McKenzie will focus on developing McArthurGlen’s consumer proposition, working in close cooperation with the company’s luxury and fashion brand partners, ...
Tuesday, 17. April 2018
Brockton Capital buys Leed’s Pinnacle for c. £65m

Brockton Capital buys Leed’s Pinnacle for c. £65m

A Brockton Capital fund has acquired The Pinnacle, a prominent 145,000 sq ft, mixed-use asset in Leeds city centre, for around £65.0m (c. €75.3m). The Pinnacle is a mixed-use retail, office and car park investment, situated in the prime retail core of Leeds, directly opposite the Land Securities-owned Trinity Leeds Shopping C...
Tuesday, 17. April 2018
Cording purchases retail and office investment in Utrecht

Cording purchases retail and office investment in Utrecht

Cording Real Estate Group, on behalf of the Benelux Commercial Real Estate fund, has purchased the investment of Ganzenmarkt 2-6, in Utrecht from a private investor. Situated in the historic centre of Utrecht, the mixed-use retail and office investment has a lettable floor area of circa 3,000 sq m. The property is located in ...
Monday, 16. April 2018
McArthurGlen appoints Shaeren McKenzie as Chief Brand Officer

McArthurGlen appoints Shaeren McKenzie as Chief Brand Officer

The McArthurGlen Group has appointed Shaeren McKenzie, currently Group Marketing Director, as its first Chief Brand Officer. In this newly-created role, McKenzie will focus on developing McArthurGlen’s consumer proposition, working in close cooperation with the company’s luxury and fashion brand partners, and developing and a...
Monday, 16. April 2018

Three new lettings in prime location of Stuttgart

The home accessories store Depot will move to the prime location Koenigstrasse 56 and therefore increase its space in Stuttgart to around 1,400 sqm. The traditional brand Triumph also has leased a boutique in the same building and both stores will open in spring 2019. The space is currently still used by the stores Tally Weil...
Monday, 16. April 2018

Momentum buys first retail property near Cologne for Spezial-AIF

Momentum Real Estate GmbH has acquired the retail park Erft Karree for the new special fund „Momentum Handel II“. The property is located at „Am Falder 40“ in Kerpen near Cologne. The fund aims for a diversified portfolio with an investment volume of €200 million.
Monday, 16. April 2018

Leading Hammerson investor to vote against intu deal

Dutch pension fund APG, which owns a 7.2% stake in Hammerson, said the proposed £3.4bn takeover of Intu doesn’t take into account the current state of the UK high street. The proposed offer of 0.475 new Hammerson shares for each Intu share was “insufficiently attractive” to shareholders, said APG, which owns an 7 per cent sta...
Monday, 16. April 2018