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Retail

URW confirms new opening date for Westfield Hamburg-Überseequartier

Unibail-Rodamco-Westfield announces October 17, 2024 as the opening date for Westfield Hamburg-Überseequartier. As planned, the retail opening will be followed by the project's office, hotel and residential buildings in phases. The date selected gives time to fully address applicable technical and administrative processes. Th...
Friday, 21. June 2024

INREV: First signs for European real estate recovery

The latest INREV Consensus Indicator, designed to capture market sentiment and turning points, showed a second consecutive improvement with a headline reading of 53.6. This is a notable increase from the 50.2 reported in March 2024 and suggests that the European non-listed real estate market may be close to the start of a rec...
Wednesday, 19. June 2024

Mango plants roots in Metrocentre

Sovereign Centros from CBRE has signed international fashion retailer, Mango, at top 5 super regional mall, Metrocentre in Gateshead. The brand is set to join the centre's lower Red Mall later this year, opening its largest store in the region to date.
Wednesday, 19. June 2024

Bonmarché set to open doors at The Junction

Women's clothing retailer, Bonmarché, is set to open its doors at The Junction Retail and Leisure Park, Antrim on Thursday 27th July, bringing the 20-year-old scheme to 84% occupancy. Taking a 2,396 sq ft unit, the retailer will join the scheme's strong roster of clothing brands such as Menarys, Animal and Mountain Warehouse,...
Tuesday, 18. June 2024

Sterlin buys British Airways Pensions property portfolio for £236m

Sterling Property Ventures (Sterling) has acquired a mixed portfolio of seven commercial property assets from BlackRock - through its Real Estate business - acting on behalf of British Airways Pensions Trustees Limited, in a £236 million deal.
Monday, 17. June 2024

Kintyre and Angelo Gordon acquire Kant Centre in Berlin

Kintyre has partnered with long term partner TPG Angelo Gordon to acquire the Kant Centre in Berlin Charlottenburg. In a deal initiated by CBRE, the property was purchased in an asset deal from Credit Suisse Real Estate Fund International. The parties have agreed not to disclose the purchase price.
Monday, 17. June 2024

GDK to open new restaurant in Newcastle Metrocentre

Following a consistent streak of successful openings across the UK, German Doner Kebab will be unveiling a new site in one the largest shopping centres in the UK, Metrocentre, bringing its high-quality tasting kebabs to the dominant North East destination, with an official date to be announced.
Friday, 14. June 2024

Union Investment rejuvenates UII GermanM portfolio

Union Investment has sold the commercial and office building on Otto-Brenner-Strasse in the capital of Lower Saxony as part of the rejuvenation of the UII GermanM portfolio. According to the fund manager, the sale price was slightly above the valuation. The new owner, a Hanover-based property company, plans to reposition the ...
Monday, 10. June 2024

Commerz Real appoints ECE for Turkish „Forum Bornova“

Commerz Real has assigned ECE for the first time with the management one of its international shopping centers. The two companies are thus extending their long-standing cooperation in the retail real estate sector in Germany to international business. The new Commerz Real contract was awarded as part of a competitive tender a...
Wednesday, 5. June 2024

Hausinvest increases lease volume in Q1 2024

The Commerz Real open-ended real estate fund Hausinvest concluded new leases or lease extensions for 73,351 square metres in the first quarter of 2024, about 23,570 square metres more than in the same period of the previous year (approx. 49,784 square metres). In this respect the lion's share of this volume was accounted for ...
Tuesday, 4. June 2024

Zara snaps up former Debenhams unit at Glasgow's Silverburn

Henderson Park and Eurofund Group have officially announced that international clothing retailer, Zara, will upsize to a new unit at Silverburn in Glasgow. The upcoming store, situated in the former Debenhams unit, will be one of the retailer's largest in Scotland.
Tuesday, 4. June 2024

Alma and Kristensen to invest in Copenhagen's high street Strøget

Alma Property Partners and Kristensen Properties have acquired a mixed retail and office property at Frederiksberggade 38 on the well-known high street Strøget, which includes retail tenants such as Sportmaster and Change and office tenants such as Tactile and Ordnung. The property spans over 7,700 sqm, with approximately 75%...
Monday, 3. June 2024