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Retail

IGD signs agreement for sale of retail portfolio

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.
Thursday, 29. February 2024

Focus Estate Fund acquires Island Green Retail Park

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...
Wednesday, 28. February 2024

S Immo prepares €500m portfolio deal with CPI

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.
Wednesday, 28. February 2024

Aroundtown wins Appelrath-Cüpper as tenant for 3,300 sqm in Dortmund

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...
Tuesday, 27. February 2024

GTC unveils changes to shopping centre and office asset management

In a move to elevate customer experiences and operational efficiency, GTC appoints two dynamic leaders to helm its premier shopping destinations in Poland. Anna Borecka, a seasoned veteran with nearly 15 years of retail expertise, assumes the prestigious role of Director at Galeria Jurajska. Meanwhile, Marek Ciszewski, a visi...
Friday, 23. February 2024

Go Outdoors signs at Sovereign Centros' Metrocentre

Sovereign Centros has announced that GO Outdoors has signed at top 5 super regional mall, Metrocentre, London, launching later this year. The unit, formerly occupied by Wilko, spans 20,242 sq ft within Blue Mall, and will be the retailer's only store in the region within a shopping centre environment.
Thursday, 22. February 2024

Redevco appoints Momentum as White Lion Walk's property manager

The Momentum Group has been appointed by Redevco to deliver property management services for the White Lion Walk Shopping Centre in Guildford. The new contract is Momentum Manage's second in Guildford and heralds the Group's national expansion. The 48,000 sq ft shopping centre will be managed by The Momentum Group's Property ...
Wednesday, 21. February 2024

McLaren Living submits plans for redevelopment of Broad Street Mall

A new planning application for the redevelopment of Broad Street Mall has been submitted to Reading Borough Council by McLaren Living. The new plans build upon the previous consent and will bring forward an enhanced scheme, delivering a reinvigorated and vibrant neighbourhood.
Tuesday, 20. February 2024

ECE takes over management for shopping center in Istanbul

ECE Marketplaces is expanding its management portfolio in Turkey by another shopping center and is taking over the management of „Agaoglu Cekmeköy Park“ in Istanbul with its national company ECE Türkiye. The company will thus manage a total of twelve shopping centers in Turkey with a total rental space of around 600,000 m². M...
Friday, 16. February 2024

Garbe acquires retail park in Swisttal

Garbe Institutional Capital as asset manager has acquired an additional investment property in Swisttal on behalf of the retail property fund ENGA Handelsimmobilien-fonds Nr. 1 launched with Service-KVG IntReal International Real Estate. The seller is a project vehicle of RN Beteiligungs GmbH.
Monday, 12. February 2024

Engino toy shop set to open in Castle Quarter in Norwich

Engino, an educational STEM building system toy, has made its UK debut with a new education and entertainment concept at Castle Quarter in Norwich. The toy brand has taken a 4,405 sq ft across units 54 and 55 on a new ten-year lease.
Friday, 9. February 2024

Focus acquires Galeria Sandecja shopping centre in Nowy Sącz

Focus Estate Fund has successfully finalized the purchase of the Galeria Sandecja shopping centre in Nowy Sącz. Covering a substantial area of the center is 17,650 sqm, this marks the seventh significant investment for the fund in Polands thriving retail sector. This latest acquisition reinforces the fund‘s commitment to expa...
Thursday, 8. February 2024

Union Investment starts construction phase of Wandsbek Market

Union Investment has launched the Wandsbek Market development, currently one of the largest privately financed transformation projects in Hamburg. A mixed-use quarter with a total area of over 45,000 sq m is being developed in the centre of Wandsbek. The core structure of the former Galeria Karstadt building from 1967 is bein...
Thursday, 8. February 2024

AM Alpha acquired a retail park in Sintra from Ceetrus

AM Alpha has acquired a retail park in Sintra with a lettable area of over 20,000 sqm. The property is the leading retail park in Portugal and part of the largest retail hub in the immediate vicinity of Lisbon. AM Alpha is acquiring the retail park as the lead investor in a joint venture with several European family offices. ...
Tuesday, 6. February 2024