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Savills IM acquires supermarket portfolio for €39 million

Savills Investment Management (Savills IM) has acquired a supermarket portfolio comprising four strategically located properties in Portugal for its European food retail strategy. The purchase price was around €39 million. With this purchase, equity commitments for the strategy grow to a volume of €470 million – with properti...
Tuesday, 23. May 2023

Ashley Centre kicks off summer with signing of Deichmann

CBRE Investment Management (CBRE IM) has announced Deichmann, the largest footwear retailer in Europe, has signed at the Ashley Centre in Epsom, as the destination continues to evolve its retail mix following significant investment from the landlord.
Tuesday, 23. May 2023

Signs of recovery in European retail markets

European retail markets have largely absorbed the direct and indirect impacts of the price increases that are being driven by shortages of raw materials and higher energy costs and amplified by the ongoing war in Ukraine. A positive trend was observed in 6 of the 15 EU countries in the Global Retail Attractiveness Index (GRAI...
Wednesday, 17. May 2023

Becken buys “RingCenter III” in Berlin-Lichtenberg

Becken has deepened its commitment on Berlin’s real estate market by acquiring “RingCenter III”, an existing shopping centre. The property is fully let to the Galeria Karstadt Kaufhof department store chain. Located at Frankfurter Allee 113-117, the four-storey property provides around 13,500 square metres of floor area. It w...
Tuesday, 16. May 2023

HIH Invest sells „Kortumhaus“ in Bochum

HIH Invest Real Estate sold a mixed-use office and retail building from the portfolio of a closed-end institutional fund to wohninvest Holding, a company domiciled in Fellbach near Stuttgart. The property located in the high-street pedestrian precinct of Bochum, at Kortumstrasse 72, has a lettable area of 17,511 square metres...
Tuesday, 16. May 2023

Forestside and Foyleside Shopping Centres sold

Savills Northern Ireland is pleased to announce the sale of two prominent shopping centres in Northern Ireland: Forestside Shopping Centre and Foyleside Shopping Centre. Both centres have remained strongholds of retail in their respective regions, boasting robust footfall, high occupancy levels, and continued growth in recent...
Thursday, 4. May 2023

Union Investment sells property in downtown Dortmund

Union Investment has sold an office and commercial building in Dortmund to family foundation Andreas Deilmann Familienstiftung on behalf of special real estate fund UII GermanM. Acquired in 1999, the property at Westenhellweg 95-101/Kampstraße 84-100 was one of the first to be added to the portfolio of UII GermanM. The purcha...
Wednesday, 3. May 2023

Real I.S. buys local retail centre

Real I.S. AG has acquired a newly-built local retail centre, located in the German town of Peissenberg, for the Real I.S. Regionalfonds Süddeutschland, the company’s regional investment fund for southern Germany. Seller is the Küblböck group of companies. The parties have agreed not to disclose the price of the deal.
Tuesday, 2. May 2023

Tommy Hilfiger „significantly upsizes“ at Icon Outlet at The O2

Icon Outlet at The O2, which is owned and operated by AEG and Crosstree Real Estate Partners, has announced that the designer lifestyle brand Tommy Hilfiger, has significantly upsized its store by more than 110%. This latest development follows stellar trading results throughout Q1 for both brand and destination, and is a sig...
Tuesday, 2. May 2023

URW acquires share of Croydon Partnership from Hammerson

Unibail-Rodamco-Westfield (“URW”) has completed the acquisition of Hammerson’s 50% stake in the Croydon Partnership, a 10 hectare parcel which includes the Whitgift and Centrale shopping centres as well as high street retail frontage, office blocks and multi-storey car parks in the heart of the designated GLA Opportunity Area...
Wednesday, 26. April 2023