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Despite the continuing difficult market situation, Deutsche EuroShop (DES) reports a good operational business development for the first half of 2022. Revenue grew 0.7%, from €104.9 million to €105.7 million. At €84.1 million, net operating income (NOI) was 17.1% above the previous year’s level, while earnings before interest...
Grosvenor has announced that designer retailer, Tessuti, has opened its new global flagship store at Liverpool One, demonstrating the brand’s ongoing vote of confidence in the destination. The new location on Paradise Street follows Tessuti’s consistently strong performance at Liverpool ONE and spans two floors measuring 22,0...
NewRiver has secured planning consent for a change of use on a total of 24,000 sq ft of retail space to provide two new stores for Food Warehouse by Iceland at Telford Road Retail Park in Inverness and South Lakeland Retail Park in Kendal.
Clearbell Capital LLP, on behalf of its client, CP Real Estate Limited (CPRE), has announced the sale of its final asset, The Radius, a 25,000 sq ft retail and leisure scheme in Prestwich, for £3.6m.
The stunning transformation of 1 City Square into one of Leeds’s finest office buildings continues apace.
Hot on the heels of a £8million refurbishment comes the news that a new on-site cafe is opening next month, while a new fully-fitted, hi-spec office on the ground floor will be available from October.
Hamborner REIT AG reported business development as planned for the first half of the year and confirmed its forecast for the 2022 financial year and the distribution of an „attractive dividend“.
Capital values decreased 0.5% across all UK Commercial property in July 2022, according to the latest CBRE Monthly Index. Over the month, rental value growth was 0.3%. Total returns were -0.1%.
According to Savills, retail investment in Spain in the first half of the year totalled €1.1billion, which exceeds the 2021 total by 10.5%. This is due to a wave of volume shopping centre transactions and the return to a more typical institutional market.
Icon Outlet at The O2, developed by AEG and Crosstree Real Estate Partners, has announced the signing of luxury homeware brand Murmur, marking the brand’s first ever London outlet store.
Heightened geopolitical risk, persistent high inflation, and a possible recession will place European real estate under acute pressure in H2 2022. However, the asset class is expected to continue to provide longer-term stability for core investors via carefully curated portfolios, as well as offering new opportunity for inves...
The shopping center investor Deutsche EuroShop AG has concluded its upcoming refinancing for 2022. This includes a Group-level loan of €52 million as well as financing for the Altmarkt-Galerie Dresden (€107 million) and the City-Point Kassel (€55 million). A credit tranche of €10 million for the Allee-Center Hamm will be repa...
Icon Outlet at The O2, developed by AEG and Crosstree Real Estate Partners, has announced the signing of the premium apparel brand, Superdry, adding to the destination’s line up of over 60 premium retail brands.
Gilly Hicks, a brand in the Abercrombie & Fitch Co. portfolio offering activewear, loungewear and underwear, has today announced the signing of its new store, which will be in Belfast’s iconic shopping destination, Victoria Square. This will be the first standalone Gilly Hicks store in Ireland.
Grosvenor has announced two city debut openings at Liverpool ONE, including luxury footwear retailer Kick Game, in a 3,500 sq ft space on South John Street and Boparan Restaurant Group’s Slim Chickens 5,000 sq ft flagship restaurant on The Terrace.
Godwin Developments has secured detailed planning permission for a new commercial scheme comprising a Starbucks drive-thru store and six ultra-rapid EV charging points in the Staffordshire market town of Uttoxeter.
The rise of e-commerce and changing customer preferences have created a new phenomenon: Dark Stores; that is, online retailers delivering goods within 15 minutes of ordering. During the pandemic and the closure of brick-and-mortar stores, e-commerce reached its peak. Some e-shops saw their sales grow by several tens of percen...