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Mitiska REIM, the leading specialist investor in European convenience real estate, has today announced the opening of a new retail park development, Quartier Enee, in the Belgian city of Gembloux.
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...
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.
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...
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...
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...
Neil Slater has been appointed Chief Executive Officer of Redevco, effective from October 1, 2023. He will join the company from abrdn, where he is Global Head of Real Estate and Real Assets.
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...
The owner of The Three Spires in Lichfield has published new CGIs of the proposed multi-screen cinema – as it closes in on a deal with a leading national operator.
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...
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.
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...
G City Europe Limited has completed the purchase of a remaining 25% stake in the Arkady Pankrac Shopping Center in Prague for a consideration of €60.5m.
Supermarket Income REIT announces the acquisition of a Tesco omnichannel supermarket in Worcester, for a total purchase price of £38.3 million (excluding acquisition costs), reflecting a net initial yield of 6.0%.
An increasing number of Far Eastern investors – particularly those based in Hong Kong – are targeting UK High Street property investments to provide immediate returns and a ‘safe haven’ for their capital.
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...
The sale of company-owned real estate across Europe, Middle East and Africa (EMEA) raised €25.6billion in 2022 across more than 700 transactions, according to JLL’s latest Raising Capital from Corporate Real Estate report.