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» Chronological View: " Retail " «

TK Maxx and Metro Bank sign leasing agreement with Hammerson

Metro Bank and TK Maxx have entered a leasing agreement to take space with Hammerson on Broadstreet in Bristol’s shopping quarter. Metro Bank is set to open a first site in the city later this year, taking a projected 24,000 sq ft of space, which will comprise office and training space the upper floors as part of its regional...
Tuesday, 19. June 2018

Happy Home Furnishers signs 10-year lease for its superstore at Phoenix Retail Park

Happy Home Furnishers has entered a new 10-year lease for its new 12,650 sq ft superstore at Phoenix Retail Park in Swansea, joining existing occupiers Dreams, Iceland, and Home Bargains at the popular site. The Phoenix Retail Park is owned by Barberry Developments. Morgan Williams and Fletcher Morgan acted jointly on the le...
Tuesday, 19. June 2018

Samsung to open „digital playground“ at Coal Drops Yard in London

Samsung Electronics and Argent agreed to lease a 20,000 sq ft showcase space at Coal Drops Yard, the new district in King’s Cross, London. Located between two reimagined Victorian coal drops, in a top floor dual-aspect space, Samsung KX LDN sits at the very centre of Coal Drops Yard.
Monday, 18. June 2018

Corum AM makes first acquisition in Belfast

Corum Asset Management has completed the off-market acquisition of 40-46 Donegall Place in Belfast in what is said to be the largest retail investment transaction in Northern Ireland so far this year. The property is currently home to Northern Ireland’s flagship Next store and Dublin-based Eason, and extends to 67,000 sq ft....
Monday, 18. June 2018

Real I.S. acquires Benger-Haus at Stuttgart’s central market square

Real I.S. has acquired Benger-Haus, a fully-let office and commercial property at Marktplatz 12 in central Stuttgart. The acquisition was concluded on behalf of an institutional investor. The property has been in the family ownership of the sellers for many generations. The parties have agreed not to disclose the purchase pri...
Friday, 15. June 2018

Moscow’s retail market benefits from Football World Cup

More than one million football fans are expected to visit Moscow for the Football World Cup in Russia, Colliers International predicts that the event is likely to have a significant impact on vacancy rates in Moscow's retail property market, calculating that the demand for short-term leases from retail and food and beverage o...
Friday, 15. June 2018

First stage of the expansion of Zagreb's Arena Centar finished

With the opening of the refurbished and expanded Intersport and Stradivarius stores, the first stage of the expansion of Arena Centar in Croatia's capital has been completed, so far expanding the largest shopping centre by approximately 2,000 of the planned 5,500 sq metres.
Friday, 15. June 2018

IC Immobilien concludes early lease extension with Toom in Münster

IC Immobilien Gruppe has concluded an early lease extension with Toom Baumarkt GmbH for the retail property at Hammer Strasse 455-459 in Münster. Toom, which has been the single tenant at this location since 1999, will thus remain at the property, which is managed by IC Immobilien Gruppe, until the beginning of 2029.
Friday, 15. June 2018

Colosseum Mall will be built at Colosseum Retail Park in Bucharest

The construction of the Colloseum Mall project and the expansion of the existing retail scheme with a new concept will start later this year. This stage of the development will cost €30 million and will combine commercial and office use. The 16,500 square meters of new GLA as an extension of existing retail development, Colos...
Tuesday, 12. June 2018

Commercial property capital value grows by 0.3% in May

Across the country's commercial property, capital values increased 0.3% in May, up from the 0.1% reported in April, according to the latest CBRE UK Monthly Index. Rental values were flat in May for the second consecutive month. Retail sector capital values decreased -0.3% in May, marking 5 months of flat or falling capital gr...
Tuesday, 12. June 2018

Retail shockwave could hit Birmingham

More retailers could soon leave Birmingham city centre in the wake of the announced closure of the city’s iconic House of Fraser department store, according to Nick Wint, head of the retail professional department at Birmingham-based chartered surveyors Johnson Fellows. The planned departure of House of Fraser from the city’s...
Monday, 11. June 2018

Cording buys mixed-use portfolio for £38.4 million

Cording Real Estate Group has acquired a portfolio in an off-market transaction for £38.4 million (c. €43.7 million), reflecting a net initial yield of 7.68%. The portfolio is mixed use with a 70% weighting towards industrial, with the remainder being office and retail, in 15 locations. It was acquired from a private family t...
Monday, 11. June 2018

Warburg-HIH Invest acquires Nordpark Centre in Bielefeld

Warburg-HIH Invest Real Estate just acquired a fully occupied local convenience centre in the city of Bielefeld for its open-ended special AIF “Warburg-HIH Perspektive Einzelhandel: Fokus Nahversorgung.” Redeveloped in 2012, the Nordpark-Center at the edge of Bielefeld’s inner city has a gross lettable area of 7,158 square me...
Monday, 11. June 2018

Zsar appoints David Wilkinson as Centre Director

David Wilkinson, former director of Harrods and General Manager of Selfridges, and currently Executive Director of the department store Au Pont Rouge LLC in St. Petersburg, has been appointed as Chief Operating Officer-Centre Director for Zsar Outlet Village.
Monday, 11. June 2018

Alternative property outperforms traditional sectors at the start of 2018

Commercial real estate had another strong positive quarter at the start of 2018, reflecting wider improvements reported for Scottish GDP, according to data released by CBRE. Across this period the all property total return was 1.7%, down from the 2.1% achieved in the final quarter of 2017, but ahead of the 1.5% return from th...
Monday, 11. June 2018

Moorfields sells City Wharf to Hamcamp for £11.3 million

Moorfields has sold a Aberdeen mixed-use development, City Wharf to Hamcap for £11.35 million (c. €12.91 million). The 66,045 sq. ft. city centre development, a six-storey mix of retail and leisure accommodation with Grade A office space on the upper floors, is let to a range of occupiers, including catering equipment company...
Monday, 11. June 2018