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Retail

SSK Assets acquires Lichfield supermarket from Lidl

SSK Assets has acquired a 12,518 sq ft retail unit at Eastern Avenue, Lichfield, for an undisclosed sum from Lidl GB Ltd. Currently occupied by The Salvation Army Trading Company Ltd on a 10-year lease, the former purpose-built supermarket has 61 parking spaces and attracts an annual rental income £120,000.
Thursday, 14. March 2024

Commerz Real and URW secure new tenants for Westfield London

Commerz Real and Unibail-Rodamco-Westfield can look back on a successful fourth quarter in 2023. Europe's largest shopping centre, Westfield London with a total area of 255,000 square metres, secured numerous new leases and lease extensions together amounting to more than 19,000 square metres. One of the most prominent new le...
Thursday, 14. March 2024

Plans to transform Charing Cross submitted to Glasgow City Council

Proposals to deliver a “once in a lifetime” regeneration of Charing Cross have taken a step forward with the submission of a new planning application by submission of a new planning application by CXG Glasgow Limited, a subsidiary of Tracey Investments Limited and owners of the Venlaw building and Elmbank Gardens, in conjunct...
Wednesday, 13. March 2024

Wihlborgs lets to „Laziza“ at Ideon in Lund

The Malmö-based Lebanese restaurant chain Laziza is opening a branch in Alfahuset (Studentkåren 2) at Ideon in Lund. The restaurant will be their first outside Malmö and a new element of the service offering in the tech-rich area. The restaurant in Alfahuset will open in August 2024 and will be Laziza’s largest restaurant to ...
Tuesday, 12. March 2024

Greenlight welcomes trio of new occupiers at Kings Heath

Greenlight, a joint venture urban logistics platform between clients of Delancey Real Estate and Coltham, has agreed three new lettings at its Kings Heath asset in Birmingham, bringing the development to 50% let. Headlam Group, GAP Plastics, and McDonald's have all signed long-term leases at the 70,000 sq ft Greenlight Kings ...
Tuesday, 12. March 2024

Cityheart appoints Galliford Try for Wigan redevelopment

Galliford Try has been selected by Wigan Council's development partner Cityheart to undertake the first phase of construction of Wigan Galleries redevelopment project. The £135m town centre scheme is one of Greater Manchester's most ambitious regeneration projects and will deliver new homes, leisure and retail facilities as w...
Thursday, 7. March 2024

Mitiska REIM sells two retail parks to Sogenial

Mitiska REIM on behalf of the FRI 2 fund sold a French and Portuguese retail park to Sogenial Immobilier. This sale marks the completion of Mitiska REIM’s value-creation programs for these assets, and follows similar divestments in Belgium, Portugal and Romania over the past three months which have delivered more than €500 mi...
Thursday, 7. March 2024

Total returns on property investments fell into negative territory in 2023

According to the Finnish KTI Property Index, the total return on properties owned by professional property investors fell to -2.7 per cent in 2023. The market values ​​of investment properties decreased by an average of 7 per cent. The annual net income turned up after a decline of almost a decade and was 4.6 per cent in 2023...
Thursday, 7. March 2024

IGD signs agreement for sale of retail portfolio

IGD SIIQ S.p.A has signed an agreement with Sixth Street, controlled affiliates of Starwood Capital and Prelios SGR S.p.A. for the sale of a portfolio of 13 assets for €258 million, consistent with the book value as of 31 December 2023. The transaction is expected to close by April 2024.
Thursday, 29. February 2024

Focus Estate Fund acquires Island Green Retail Park

Focus Estate Fund reached a significant milestone in its development – the acquisition of Island Green Retail Park in Wrexham. This strategic investment marks a significant step forward for Focus Estate Fund as it enters the market known for its unique scale and dimensions, different market principles, and some name variation...
Wednesday, 28. February 2024

S Immo prepares €500m portfolio deal with CPI

S Immo AG has signed a letter of intent for the purchase of a further portfolio from its majority shareholder CPI. The portfolio consists of office and retail buildings with a gross lettable area of around 134,600 m².
Wednesday, 28. February 2024

Aroundtown wins Appelrath-Cüpper as tenant for 3,300 sqm in Dortmund

Aroundtown has successfully completed a major new letting in the Westfalenforum in Dortmund's city center, located at Kampstrasse 37-39. The renowned fashion retailer Appelrath-Cüpper will occupy a total of 3,300 sqm. The fashion retailer is thus moving from the prime Westenhellweg location to Kampstrasse, thus avoiding the e...
Tuesday, 27. February 2024

GTC unveils changes to shopping centre and office asset management

In a move to elevate customer experiences and operational efficiency, GTC appoints two dynamic leaders to helm its premier shopping destinations in Poland. Anna Borecka, a seasoned veteran with nearly 15 years of retail expertise, assumes the prestigious role of Director at Galeria Jurajska. Meanwhile, Marek Ciszewski, a visi...
Friday, 23. February 2024

Go Outdoors signs at Sovereign Centros' Metrocentre

Sovereign Centros has announced that GO Outdoors has signed at top 5 super regional mall, Metrocentre, London, launching later this year. The unit, formerly occupied by Wilko, spans 20,242 sq ft within Blue Mall, and will be the retailer's only store in the region within a shopping centre environment.
Thursday, 22. February 2024

Redevco appoints Momentum as White Lion Walk's property manager

The Momentum Group has been appointed by Redevco to deliver property management services for the White Lion Walk Shopping Centre in Guildford. The new contract is Momentum Manage's second in Guildford and heralds the Group's national expansion. The 48,000 sq ft shopping centre will be managed by The Momentum Group's Property ...
Wednesday, 21. February 2024