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» Chronological View: " Retail " «

Legal & General bags Stafford retail investment as final UK PIF II aquisition

LGIM Real Assets, on behalf of its second UK Property Income Fund, has exchanged contracts to acquire Riverside Retail Park in Stafford from LBX Retail Properties for a total consideration of £36.8m (c.€ 41.4m), reflecting a net initial yield of 6.8%. This acquisition marks the final acquisition for UK PIF II. As part of a li...
Tuesday, 16. January 2018

Christmas markets in the CEE region become increasingly popular

Christmas markets in the CEE region are becoming increasingly popular each year. For example, markets in Poland are visited by 8-9 million shoppers annually and this number is growing. Stall rental prices vary from country to country and depend on factors such as location, tradition and the popularity of the Christmas market ...
Tuesday, 16. January 2018

Capreon sells Debenhams' Rylands Building for £87m

Capreon, the Noé Group property firm and AM alpha, acting here on behalf of its value-add vehicle, are delighted to announce the transaction of The Rylands Building – the 470,000 sq. ft Grade II listed Debenhams department store – on Market Street, Manchester for £87m (c. €97.9m). The price reflects a net initial yield of app...
Tuesday, 16. January 2018

Meyer Bergman's third European Retail Real Estate Fund closes its capital-raising

Meyer Bergman has secured €816 million of equity commitments from international institutional investors for its third fund and associated co-investment vehicles at the final close of capital-raising. Meyer Bergman European Retail Partners III (MBERP III) held its final close with commitments from 15 international pension fund...
Monday, 15. January 2018

BVK and Universal-Investment launch a new fund for retail parks

A new institutional real estate fund is being launched for Bayerische Versorgungskammer (BVK) on Universal-Investment's AIF platform in Luxembourg, which should achieve a total volume of €250 million. Blue Asset Management was mandated to provide investment advice and real estate management services.
Monday, 15. January 2018

The journey continues: Investment turnover of €58.2bn

In 2017 around €58.2 bn was invested nationwide in commercial property. Due to a very strong final quarter, the previous year's very good turnover was improved once again by 11 %. This is revealed in the Investment Market Report 2018, which BNP Paribas Real Estate will publish at the beginning of February. The most important ...
Friday, 12. January 2018

Eurocommercial purchases shopping centre in Gävle

Eurocommercial Properties N.V. has completed the purchase of the Valbo shopping centre in Gävle. Valbo is the only regional shopping centre in the county of Gästrikland, central Sweden, which serves a catchment of around 250,000 people. It has 37,200 m² of lettable area and is well-positioned alongside the E16 motorway betwee...
Friday, 12. January 2018

LondonMetric Property sells B&Q retail store for £12 million

LondonMetric Propertyt in a joint venture with Universities Superannuation Scheme Ltd (the Metric Income Plus Limited Partnership) has sold a B&Q warehouse in Hull for £11.6 million (c. €13.1 million)(LondonMetric share: £5.8 million or c. €6.6 million), reflecting a blended NIY of 6.0%. MIPP was advised by Knight Frank.
Wednesday, 10. January 2018
AEW Ciloger acquires an office-led mixed-use building on avenue Marceau in Paris

AEW Ciloger acquires an office-led mixed-use building on avenue Marceau in Paris

AEW Ciloger has acquired, on behalf of the Fund (SCPI) Fructipierre, a fully let mixed-use building located at 6 avenue Marceau in the 8th Arrondissement of Paris. The building is ideally located in Paris’ CBD and offers 2,500 sqm of space distributed across 8 levels of offices and two street level retail premises. The buildi...
Wednesday, 10. January 2018

Legal & General buys Stafford retail investment for UK PIF II

LGIM Real Assets, on behalf of its second UK Property Income Fund (UK PIF II), has exchanged contracts to acquire Riverside Retail Park in Stafford from LXB Retail Properties for a total consideration of £36.8m (c. €41.6m), reflecting a net initial yield of 6.8%. This acquisition marks the final acquisition for UK PIF II.
Wednesday, 10. January 2018
New opening at Kaufpark Eiche: Redos and HLG win Decathlon as new anchor tenant

New opening at Kaufpark Eiche: Redos and HLG win Decathlon as new anchor tenant

Decathlon has opened a new branch at Kaufpark Eiche in Ahrensfelde near Berlin. Occupying retail space of ca. 2,500 m², the French manufacturer and retailer of sporting goods will offer a wide range of products and fitness equipment for activities including riding, angling, cycling, climbing and water sports, as well as outdo...
Tuesday, 9. January 2018

Inner London's first Starbucks drive-thru

Inner London’s first Starbucks Drive-Thru will open early this year at Gateway Retail Park in Beckton, owned by the Standard Life Investments UK Real Estate Fund. Starbucks has signed a 15-year lease for a 1,800 sq ft newly built drive-thru unit in the retail park, due to open in early 2018. The construction of this unit was ...
Tuesday, 9. January 2018
Bedford Estates signs new health food concept café for London’s Store Street

Bedford Estates signs new health food concept café for London’s Store Street

The Bedford Estates has signed up the first UK take-away restaurant. KOOX is a new health food concept created in collaboration with top chefs from a 3* Michelin restaurant. The food-concept will introduce unique products never seen before in the London take-away market, freshly-made, seasonal and for the health conscious. Th...
Tuesday, 9. January 2018

Second highest Nordic transaction volume ever in 2017

Transaction volumes in the Nordic commercial real estate market will exceed €42 billion in 2017. This is the second highest level ever recorded and Sweden is the only country showing lower volumes than last year, according to new figures from Pangea Property Partners.
Monday, 8. January 2018

AXA IM - Real Assets acquires flagship retail asset in Venice for c. €46 million

AXA Investment Managers - Real Assets has acquired, on behalf of a client, of a prime retail asset in the centre of Venice from a private investor for €45.75 million. Serving as Zara's flagship outlet in Venice, the high street property totals 2,660 sqm arranged over five floors. The asset was launched in its current form in ...
Monday, 8. January 2018

L'Occitane and Pierre Hermé move to Galerie des Champs-Elysées

Beauty products group L'Occitane and pastry chef Pierre Hermé have decided to combine their expertise and their retail universes to offer consumers a shared store. „We are partnering with L'Occitane and Pierre Hermé in creating a welcoming and refined concept store. Rotating banners in the Galerie des Champs-Elysées shopping ...
Friday, 5. January 2018