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» Chronological View: " Retail " «

Two new lettings at Addington's Harvey Shopping Centre in Harlow

Addington Capital, in partnership with the shopping centre owner Episo, advised by Tristan Capital Partners, signs two new restaurant tenants for its Harvey Shopping Centre in Harlow. StickySisters and Burger Priest open their new stores in „The Terrace“, which is now 80% let.
Wednesday, 13. December 2017

Unibail buys Westfield for $16bn as mall owners merge

Westfield Corp. is being sold to French commercial real estate giant Unibail-Rodamco in a $16 billion deal, the two companies announced yesterday. The boards of Westfield and Unibail-Rodamco have unanimously recommended the deal, - the biggest deal since in real estate since 2013.
Wednesday, 13. December 2017

Property total returns reach 10.2% to date

UK commercial property total returns reached 10.2% for 2017, at the end of November 2017, ahead of the IPF’s consensus forecast of 8.5% for 2017 as a whole. This is according to the latest CBRE Monthly Index. Total returns for November were 1.0% for all UK property. Capital values increased 0.5% at the all property level in N...
Tuesday, 12. December 2017
Concept Store 1 Minute opens a new unit in AFI Tech Park

Concept Store 1 Minute opens a new unit in AFI Tech Park

AFI Europe Romania concluded a new lease agreement for AFI Tech Park Business Campus. The new tenant is LS Travel with their concept store “1 Minute”, who leased a space located on the Ground Floor of AFI Tech Park 1. This is the second tenant secured for AFI Tech Park, after World Class, who signed a 10 year lease agreement ...
Tuesday, 12. December 2017
Skechers opens in Union Square and Westquay

Skechers opens in Union Square and Westquay

Skechers is to open its first standalone store in Hammerson's portfolio in Aberdeen at Union Square and in Southampton at Westquay. The new 2,260 sq ft store at Union Square will be located on the ground floor where it will trade alongside other fashion brands including Zara, River Island and Superdry.
Tuesday, 12. December 2017
AEW acquires three high street retail units in Milan

AEW acquires three high street retail units in Milan

AEW has acquired three prime high street retail units in central Milan on behalf of the City Retail Fund for c. €44mn in aggregate. The portfolio was acquired from a Grosvenor Europe-managed fund. The City Retail Fund's strategy focuses on building a portfolio of high quality, income producing retail assets that are well loca...
Tuesday, 12. December 2017
Immofinanz closes the sale of the Russian retail portfolio

Immofinanz closes the sale of the Russian retail portfolio

After the sale of the Russian portfolio seemed to be a protracted marathon process, Immofinanz has now performed a sprint on the last meters. Only four weeks ago the sales report was published, now the closing took place in St. Petersburg: The Moscow shopping centers have officially been transferred to the Russian Fort Group ...
Monday, 11. December 2017

Barings invests further €17.6 million in Spain

After Barings Real Estate Advisers has already bought a logistics property from Deka Immobilien for €17.6 million at the end of November, the investment manager invested a further €17.6 million in a fully-let retail warehouse and petrol station from López-Real. The two acquisitions follows Barings' debut into the Spanish logi...
Monday, 11. December 2017

Balder acquires property in Göteborg

Fastighets AB Balder has acquired the retail property 421, Göteborg Högsbo 23:4, for a net value of €72.89 million (SEK 728 million). The property is located in Högsbo about 6 km south of central Gothenburg and has a lettable area of 33,000 sqm. The largest tenant is ICA Maxi which represents approximately 40 % of total renta...
Friday, 8. December 2017

Esotiq store opens in Forum Lviv

Lingerie brand Esotiq opened its new store in Lviv in Forum Lviv shopping centre on December 2, 2017. The 44m² store is located in the shopping centre gallery on the First floor. The Esotiq is a Polish underwear brand for energetic and attractive modern women having 10 years of experience. The assortment is complemented by ho...
Friday, 8. December 2017

Aviva Investors finances portfolio acquistion for Ediston Property Investment Company

Aviva Investors has completed on a £54.16m (c. €62.1 million) fixed rate 10-year facility to a wholly owned subsidiary of Ediston Property Investment Company Plc. The facility has been provided to assist with the acquisition of four retail warehouse parks located in Prestatyn, Widnes, Hull and Barnsley purchased from the Stad...
Friday, 8. December 2017
M7 Real Estate agrees leases on around 3,300 sq m for M7 EREIP I Fund

M7 Real Estate agrees leases on around 3,300 sq m for M7 EREIP I Fund

M7 Real Estate has concluded new leases and agreed lease extensions on a total of approximately 3,300 sq m of retail and office accommodation for its M7 EREIP I fund. Over 1,100 sq m of space at Bauernstücke 1 in Friedeburg, northern Germany has been let on a ten-year lease to the television station, Friesischer Rundfunk. As ...
Friday, 8. December 2017

Record-breaking Shopping Night at Galeria Echo in Kielce

Shopping Night, an event that supplemented the Black Friday – ended up with a record-high footfall at Kielce-based Galeria Echo: more than 53,000 customers visited the shopping mall, twice as many as a week earlier. At the same time, turnover at many stores rose by as much as several hundred percent. The footfall at Galeria E...
Friday, 8. December 2017

Legal & General commits £35 million to Wrenbridge Sport development in York

Legal & General funds Wrenbridge Sport and the City of York Council’s development of the Vangarde leisure scheme at Vangarde Way, Monks Cross, York. Totaling £35 million (c. €39.7 million), Legal & General’s investment, on behalf of its Leisure Fund, will build a new state-of-the-art leisure and retail scheme at the Vangarde ...
Thursday, 7. December 2017

Corum Asset Management buys retail asset in Pori

Corum AM has, on behalf of its fund Corum Convictions SCPI, closed its first transaction acquiring the recently constructed retail asset at Horninkatu 1 in Pori for approx. €9 million. Renger Investment Management (RIM) is increasing its presence within the Nordic real estate market through its strategic cooperation with Coru...
Thursday, 7. December 2017
New retail asset management expert joins Knight Frank

New retail asset management expert joins Knight Frank

The ranks of retail asset management experts at Knight Frank gained a new strong addition. Robert Napieralski joined the Property Management team as Retail Asset Manager. He will concentrate on managing retail properties as well as the planning and implementation of value increasing solutions with support from property market...
Thursday, 7. December 2017