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» Chronological View: " Retail " «

Corestate expands real estate portfolio for BVK to €800m

Corestate arranged the purchase last year of seven additional properties, with a total value of some € 100 million, for a high-street property fund of Bayerische Versorgungskammer (BVK). With these new investments, the assets of the portfolio, managed by the investment manager on behalf of BVK, has now reached approx. €800 mi...
Thursday, 21. February 2019

Alma Property Partners acquires a unique development project in Uppsala

Alma Property Partners has acquired one of the most centrally located development properties in Uppsala. The company has bought the development property Fålhagen 3:1, commonly known as Sivia Torg, with a unique location in one of Uppsala’s most expansive areas and in close proximity to the Uppsala central train station and th...
Wednesday, 20. February 2019

Swiss eyewear brand signs for London flagship store

Swiss premium eyewear label, VIU, has leased a unit in London’s Soho for its flagship UK store. The shop at 5-6 Upper James Street on the northside of Golden Square will be the brand’s first outlet in the UK. It already has a 30-store network across Switzerland, Germany, Scandinavia and Austria.
Tuesday, 19. February 2019

UK Investment Volumes Above Long Term Average Despite Uncertainty in 2018

Around £13bn of UK commercial real estate assets were traded in the final quarter of 2018 taking the full year investment total to £55.8bn – ahead of the long-term average, according to Cushman & Wakefield. While the full year investment total represented an 18% reduction on 2017 and the quarterly total of £12.8bn was down 43...
Tuesday, 19. February 2019

BlackRock Real Assets’ Eurozone Core Property Fund acquires asset in Helsinki

The BlackRock Eurozone Core Property Fund acquired a mixed-use retail and office asset in the central business district (CBD) of Helsinki last month. Following the acquisition of an office asset in Hamburg and a portfolio of two logistics assets near Munich and Regensburg , this third investment is consistent with the Fund’s ...
Tuesday, 19. February 2019

Quadoro Doric Acquires Mixed-Use Building in Helsinki

As the portfolio manager for the open-ended special AIF Vontobel Sustainable Real Estate Europe, Quadoro Doric has acquired the building „Diana“ with apartments, offices and retail space in Helsinki. This is the AIF‘s first acquisition in Finland. The seller is the Svenska Folkskolans Vänner R.F. foundation.
Tuesday, 19. February 2019

Multi appoints new Managing Director Multi Netherlands and Belgium

Multi Corporation to announce the appointment of Hubert Stech as the new Managing Director of Multi Netherlands and Belgium, effective 1 March 2019. Mr Stech will assume the responsibilities for the Netherlands and Belgium in addition to his role as Managing Director of Multi Germany. He will succeed Françoise Dechesne, who h...
Monday, 18. February 2019

Diös acquires property in central Östersund

Diös has purchased a property on Prästgatan in central Östersund. The property will be a complement to Diös’ current portfolio in the neighbourhood and part of the company’s continued strategy of urban development. The total value of the property amounts to approximately SEK 28 million and the total lettable area encompasses ...
Friday, 15. February 2019

Warburg-HIH Invest Acquires Commercial Building in Bonn

Warburg-HIH Invest Real Estate just acquired a fully occupied commercial building with a gross lettable area of 1,908 square metres in the city of Bonn. The property, which was modernised in 2013 and 2019, is earmarked for the “Warburg-HIH Perspektive Einzelhandel: Fokus Geschäftshäuser” open-ended special AIF. Main tenant is...
Thursday, 14. February 2019

Invesco Real Estate acquires Garage Traversi in Milan for €100m

Invesco Real Estate to announce the acquisition of Garage Traversi in Milan for its core pan-European flagship strategy. The former parking garage is located within the Luxury quarter of Milan, considered one of the world’s foremost luxury locations, and will be converted in the next 18 months in a Class A mixed-use scheme. S...
Thursday, 14. February 2019

Addington Capital appoints Tim Cornford as new partner

Addington Capital has recruited Tim Cornford as a salaried partner to head its retail asset management team. Cornford joins from Ellandi where he was an Associate Director. He will be responsible for looking after the group’s retail assets which includes four shopping centres, bought in joint venture with its partners: The Ha...
Wednesday, 13. February 2019

UKCM secures letting with Home Bargains at St George’s Retail Park in Leicester

UK Commercial Property REIT Limited (UKCM) has let a 25,882 sq ft retail unit at St George’s Retail Park on St George's Way in LE1 1SG Leicester to Home Bargains. Home Bargains has agreed to a 15 year lease in line with ERV and with fixed uplifts every five years. The new store is expected to open in summer 2019, joining exis...
Wednesday, 13. February 2019

NewRiver sells Mount Street Retail Park and Saltney Retail Park for £12.3m

NewRiver has sold Mount Street Retail Park in Wrexham and Saltney Retail Park in Chester to M7 Real Estate for £12.3m (c. €14m), ahead of March and September 2018 valuations, and representing a blended net initial yield of 7.6% and a blended unlevered IRR of 14.7% over their period of ownership.
Tuesday, 12. February 2019

Multi assumes management of 3 Stawy shopping centre in Katowice

Multi Poland assumed the management of the 3 Stawy shopping centre in Katowice as of 1 February 2019. The shopping centre was one of the earliest centres in the Silesia region and combines a broad offering, including shopping, services and entertainment. The shopping centre manager will be responsible for all aspects of the c...
Friday, 8. February 2019

CEE region and Poland smashes real estate investment record

According to JLL, CEE's real estate investment transactional volume for 2018 was in excess of €13.2 billion, with Poland accounting for €7.2 billion , and smashing its previous record from 2006 (€5.05 billion). Poland was followed by the Czech Republic (over €2.5 billion) Hungary (over €1.85 billion), Romania (ca €900 million...
Thursday, 7. February 2019

Starz makes €15m Spanish debut with Quadernillos Centre refinancing

Commercial real estate lender Starz Real Estate has funded a €15,000,000, five-year, senior facility on the Quadernillos shopping centre in Alcalá de Henares, for client Temprano Capital Partners. It is the latest deal for the fast-growing lender, which recently made a headline play with the refinancing of the iconic Brixton ...
Thursday, 7. February 2019

Bouwinvest Dutch funds attract € 364m in new commitments in H2 2018

The Bouwinvest Dutch Residential, Office and Retail Funds, attracted a total of € 364 million in new institutional capital commitments in the second-half of 2018, from existing and new institutional investor clients.
Thursday, 7. February 2019