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Retail

Breitling opens new boutique in Cardiff

The St David’s Partnership, owners of St David’s Cardiff, has announced the opening of a new 870 sq ft store for Breitling, the Swiss luxury technical watch brand, its first stand-alone boutique in Wales.
Wednesday, 5. May 2021

Differences between sectors to persist in 2021

According to the Edmond de Rothschild Economic Research team, the expected recovery in economic activity in Europe will provide more support to commercial real estate markets. Some of the main trends in place since the start of the crisis will persist in 2021, with differences in momentum between the four main real estate sec...
Wednesday, 28. April 2021

Hamborner REIT on stable performance

Hamborner REIT AG has continued the positive business performance of the previous year and enjoyed a stable revenue development in the first quarter. Income from rents and leases reached the level of previous year's first quarter and amounted to €21.8 million.
Tuesday, 27. April 2021

£100 million project starts at Catalyst Bicester

The first phase of new buildings at Catalyst Bicester, the £100 million new advanced manufacturing and technology business community with a David Lloyd Health and Racquets Club in Bicester, Oxfordshire, is to start following infrastructure and enabling works.
Monday, 26. April 2021

LondonMetric sells £11 million of long income assets

LondonMetric Property Plc (LondonMetric) has sold two long income assets let to M&S and Wickes in Derby for a combined consideration of £11.1 million at a blended NIY of 6.0% and a 7% surplus to the last reported book value.
Monday, 26. April 2021

Poland's retail market attempts to catch its breath

According to JLL, between January and March 2021, nearly 93,000 sqm of retail stock was delivered, a result comparable to the same period last year. The structure of new supply included only two large-scale formats: stand-alone retail warehouses (55% of new space) and retail parks (31%). Convenience centres claimed the remain...
Monday, 26. April 2021

Hammerson sells seven retail parks to Brookfield for £330m

Hammerson has exchanged unconditional contracts on the portfolio sale of its seven retail park assets to Brookfield for £330m cash proceeds, representing an 8% discount to the 31 December 2020 book value of £357m. This transaction concludes Hammerson's exit from the UK retail parks sector.
Thursday, 22. April 2021

Deutsche Investment acquires Rödertalpark retail park

Deutsche Investment just acquired the Rödertalpark retail warehouse park of around 15,560 sqm in Grossröhrsdorf (Saxony) for its latest separate asset pool, “Deutsche Investment – Food Retail I.” The very well-maintained property was acquired from Pemper Stoler Grundbesitz, a Berlin-based property company; the transfer of ben...
Thursday, 22. April 2021

Quest rents out over 2,100 m² in Hamburg's Quartier 21

Quest Funds has concluded lease extensions for more than 2,100 m² in the office and commercial building Q21 Offices in Hamburg-Barmbek. Denn's Biomarkt has signed a five-year extension for its existing 905 m² in the property, which was completed in 2012 and holds a DNGB Silver certificate. The same goes for the Targobank bran...
Wednesday, 21. April 2021

C&W and CBRE appointed to lease The Quadrant Arcade

Cushman & Wakefield’s Central London Retail team has been appointed by The Crown Estate to lease The Quadrant Arcade, a prime retail-led mixed-use asset located between Regent Street and Air Street, London W1. The appointment is joint with CBRE.
Tuesday, 20. April 2021