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» Chronological View: " Retail " «

Hamborner REIT expects rental income to be between €87m and €88m

On 25 March 2020, in the face of growing uncertainty in connection with the outbreak of the COVID-19 virus and the repercussions for its tenants, Hamborner REIT AG withdrew its revenue and earnings forecast for the 2020 financial year. As a result of the crisis situation and taking into account the law passed to mitigate the ...
Wednesday, 22. July 2020

Hines secures major debt facility for Trinity Quarter redevelopment in Copenhagen

Hines has secured a large debt financing package on behalf of The Trinity Quarter, its landmark hotel and retail redevelopment in the heart of Copenhagen. The debt facility which represents in excess of DKK 1 billion (c. €134.3 million) was secured with leading Northern European financial services group, Nordea, with Catella ...
Tuesday, 21. July 2020

Deka Immobilien acquires building complex in the Netherlands

Deka Immobilien has acquired a mixed-use building complex in the city centre of The Hague. The seller was a local project developer. The property will be added to the portfolio of the institutional real estate fund S-Domus-Fonds No. 1. The parties agreed not to disclose the purchase price.
Thursday, 16. July 2020

Stenprop sells Neucölln Carrée retail park in Berlin to Union Investment

Stenprop has exchanged contracts on the sale of its long leasehold interest in the Neucölln Carrée retail park in Berlin to Hamburg-based Union Investment, acting on behalf of one of its institutional property funds for €27.0 million. The disposal price reflects a €3.6 million premium to the 31 March 2020 book value.
Thursday, 16. July 2020

Chariot Top Group BV sells investment plot in Katowice

Linklaters has advised Chariot Top Group BV on the sale of the 1.8 ha investment plot in Katowice on Gornoslaska st. The sold property was part of a portfolio of 28 real estate assets Chariot acquired in January 2018. It was the largest commercial real estate transaction in 2018. The value of this transaction amounted to €1 b...
Wednesday, 15. July 2020

Ratisbona increases volume of space completed by 28 %

Ratisbona Handelsimmobilien Group has realised almost 16,000 m² of retail and commercial space in the first half of 2020. Compared to the same period in 2019, the volume of space completed was thus increased by 28 percent. In total, the Regensburg-based investor and project developer handed over 17 rental units in Germany and...
Wednesday, 15. July 2020

Retail Investment Market: Year-on-year increase of 38 percent

In the first half of 2020, the investment volume on the German investment market for retail property came in at €6.9 billion. Compared with the first half of 2019, this marks an increase of 38 percent. The investment volume in the second quarter alone that was particularly hard hit by the Covid-19 pandemic stood at €2.32 bill...
Wednesday, 15. July 2020

DIC Asset signs leases for 25,900 m²

DIC Asset AG successfully renewed two lease agreements for a combined floor area of around 25,900 m² in properties belonging to the proprietary portfolio (Commercial Portfolio). DIC Asset AG has lately noted an increased interest among companies in lease extensions, with some even prepared to accept higher conditions. The tre...
Tuesday, 14. July 2020

FPG (UK) LTD acquires Gallagher Retail Park in Huddersfield for £10.625m

Acting on behalf of a key client, FPG (UK) LTD, Ryden’s Manchester office have advised on the acquisition of Gallagher Retail Park, a fully let, purpose built retail park in Huddersfield anchored by food store Aldi. Other tenants at the park include McDonald's, M&S Food, Home Bargains and Pets at Home.
Monday, 13. July 2020

Open-ended property funds defy coronavirus crisis

Open-ended mutual property funds are holding their own in the coronavirus crisis. As current Bundesbank figures show, funds reported positive net inflows during the coronavirus crisis as well. Even in April, the month with the strictest shutdown regulations in Germany, funds generated net inflows of around €300 million. In Ma...
Thursday, 9. July 2020

Catella acquires asset no. 8 for its sustainability fund

Catella Real Estate AG has acquired the 8th asset for its open-ended public fund “KCD-Catella Nachhaltigkeit Immobilien Deutschland“. The youngest acqusition is a mixed-use site in Augsburg. With the purchase, the assets under management of the fund, which was launched at the beginning of 2017, increase to around €180 million...
Thursday, 9. July 2020

Real I.S. with next acquisition in Barcelona

Real I.S. AG has acquired the retail and office property. “Las Ramblas 124” in Barcelona’s city centre on behalf of an individual mandate of a German insurance company. “Barcelona’s office market has meanwhile become one of the most attractive in Europe. Rising demand in recent years has led to significant excess demand. The ...
Thursday, 9. July 2020

PME gives €200 million mandate to CBRE GI for Dutch convenience retail opportunities

Dutch pension fund PME, represented by MN, has given a mandate to CBRE Global Investors to build a convenience retail portfolio in the Netherlands. The first investments have been successfully completed with the acquisitions of an Albert Heijn convenience store in The Hague and the Helperplein shopping centre in Groningen.
Wednesday, 8. July 2020