Retail

CBRE Investment Management, on behalf of a European shopping centre strategy, has sold two Swedish retail assets to real estate investment firm NIAM.

Supermarket Income REIT announces that the sale of its interest in the Sainsbury’s Reversion Portfolio (“SRP Portfolio”) completed on 17 March 2023, as expected.

Tattersall Lorenz has secured a key account: The service provider's offer has convinced asset manager Oxford Properties and Norges Bank Investment Management (NBIM). Tattersall will manage the Sony Center from April 1, 2023. Pre-property management and onboarding are already underway.

Supermarket Income REIT plc announces the exchange of contracts for the sale of its interest in the Sainsbury’s Reversion Portfolio (the “SRP Portfolio”) to Sainsbury's for a total gross consideration of £430.9 million (excluding costs).

Redevco has established one of the largest retail warehouse park (RWHP) asset management platforms in Europe with assets under management (AUM) of €4.5 billion. The platform was created by combining the properties of Germany’s redos, in which Redevco acquired a majority stake last year, with its existing retail parks, mainly ...

Multi Corporation announces the appointment of Gerald Grüll as Managing Director of its operations in Switzerland.

Peel L&P has announced that the British retailer Next is to make its return to Gloucester Quays. Set to welcome the retail giant later this spring, the news follows a record breaking 2022 sales period for Gloucester Quays.

DTZ Investors has completed on the purchase of Purley Cross Retail Park in Croydon for £59 from Oval Real Estate.

Greenman Open has acquired three standalone Edeka markets with a total area of approximately 18,500 square meters.

M7 Real Estate (“M7”) has let c. 12,500 sq ft of retail warehouse space at Lombardy Retail Park in Hayes to Currys, an omnichannel retailer of technology products and services.

Sovereign Centros has announced the signing of community-focused concept, Nike Unite, at Merry Hill.

LondonMetric Property Plc (“LondonMetric”) announces the sale of seven long income assets for £33.9 million (LondonMetric share: £29.6 million), reflecting a blended NIY of 4.5% and crystallising a blended ungeared IRR of 10% and a 28% profit on cost.

Atrium European Real Estate changes its name to G City Europe.

Real Management S.A. has sold a development plot of 13.7 hectares on ul. Wesoła in Pionki, a district of the city of Radom, to Family Partners Sp. z o.o. S.K.

Candour has acquired 39 Deansgate in Manchester City centre. The existing 8-storey building is a 1960s mixed-use retail and office property totalling 41,000 sq ft.

Peel L&P has announced the opening of international footwear and lifestyle retailer, Timberland, at Gloucester Quays, the South West’s premier outlet and dining destination.

Almscliffe-Dhesi Group (ADG) has sold a prominent retail development in Stanley, Co Durham for £2.625 million. The development has been sold to a private investor.

Mango, one of Europe’s leading fashion groups, has selected Centre:mk, one of the top 10 retail and leisure destinations in the UK, for its latest location. The new store, which is set to open this summer, will have a selling space of over 4,500 sq ft and will exclusively distribute the Mango Woman collection.