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Touchwood shopping centre is approaching full occupancy following the arrival of Oliver Bonas at the Solihull destination. The fashion, jewellery, homeware and gifts brand has taken a ten-year lease of unit 26 within the Mill Lane Arcade area of the scheme, totalling 3,015 sq ft. The latest letting brings Touchwood to 98.5% l...
SSK Assets has acquired a 12,518 sq ft retail unit at Eastern Avenue, Lichfield, for an undisclosed sum from Lidl GB Ltd. Currently occupied by The Salvation Army Trading Company Ltd on a 10-year lease, the former purpose-built supermarket has 61 parking spaces and attracts an annual rental income £120,000.
NEPI Rockcastle has expanded its development and refurbishment pipeline in 2024 to just over €650 million across its Central and Eastern European markets (CEE), the biggest retail investment programme in the region.
Commerz Real and Unibail-Rodamco-Westfield can look back on a successful fourth quarter in 2023. Europe's largest shopping centre, Westfield London with a total area of 255,000 square metres, secured numerous new leases and lease extensions together amounting to more than 19,000 square metres. One of the most prominent new le...
Proposals to deliver a “once in a lifetime” regeneration of Charing Cross have taken a step forward with the submission of a new planning application by submission of a new planning application by CXG Glasgow Limited, a subsidiary of Tracey Investments Limited and owners of the Venlaw building and Elmbank Gardens, in conjunct...
The Malmö-based Lebanese restaurant chain Laziza is opening a branch in Alfahuset (Studentkåren 2) at Ideon in Lund. The restaurant will be their first outside Malmö and a new element of the service offering in the tech-rich area. The restaurant in Alfahuset will open in August 2024 and will be Laziza’s largest restaurant to ...
Greenlight, a joint venture urban logistics platform between clients of Delancey Real Estate and Coltham, has agreed three new lettings at its Kings Heath asset in Birmingham, bringing the development to 50% let. Headlam Group, GAP Plastics, and McDonald's have all signed long-term leases at the 70,000 sq ft Greenlight Kings ...
Galliford Try has been selected by Wigan Council's development partner Cityheart to undertake the first phase of construction of Wigan Galleries redevelopment project. The £135m town centre scheme is one of Greater Manchester's most ambitious regeneration projects and will deliver new homes, leisure and retail facilities as w...
Mitiska REIM on behalf of the FRI 2 fund sold a French and Portuguese retail park to Sogenial Immobilier. This sale marks the completion of Mitiska REIM’s value-creation programs for these assets, and follows similar divestments in Belgium, Portugal and Romania over the past three months which have delivered more than €500 mi...
According to the Finnish KTI Property Index, the total return on properties owned by professional property investors fell to -2.7 per cent in 2023. The market values of investment properties decreased by an average of 7 per cent. The annual net income turned up after a decline of almost a decade and was 4.6 per cent in 2023...
Shaftesbury Capital has announced that Arc'teryx has now opened its new flagship store within the newly refurbished listed building at 41-42 King Street in Covent Garden.
IGD SIIQ S.p.A has signed an agreement with Sixth Street, controlled affiliates of Starwood Capital and Prelios SGR S.p.A. for the sale of a portfolio of 13 assets for €258 million, consistent with the book value as of 31 December 2023. The transaction is expected to close by April 2024.
Focus Estate Fund reached a significant milestone in its development – the acquisition of Island Green Retail Park in Wrexham. This strategic investment marks a significant step forward for Focus Estate Fund as it enters the market known for its unique scale and dimensions, different market principles, and some name variation...
S Immo AG has signed a letter of intent for the purchase of a further portfolio from its majority shareholder CPI. The portfolio consists of office and retail buildings with a gross lettable area of around 134,600 m².
Investment in European retail fell 40% in 2023 vs 2022, to € 26.2bn. Yet investor interest in retail assets is slowly gaining more traction in terms of investment market share (20% in Q4 23 vs 16% in Q4 22).
Aroundtown has successfully completed a major new letting in the Westfalenforum in Dortmund's city center, located at Kampstrasse 37-39. The renowned fashion retailer Appelrath-Cüpper will occupy a total of 3,300 sqm. The fashion retailer is thus moving from the prime Westenhellweg location to Kampstrasse, thus avoiding the e...