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Retail

CBRE publishes CBRE Shopping Centre Index

CBRE has published the results of its extensive Shopping Centre Index analysis, which annually assesses the performance of regional shopping centres over the past year. The main criteria are footfall, achieved turnover, the value of the average basket, rents, and vacancy rates. In addition, the 10th anniversary edition was ex...
Thursday, 9. June 2022

BayernLB finances second Pradera purchase for NAEV

After financing Pradera’s first acquisition of a Spanish grocery portfolio in October last year, BayernLB Frankfurt has financed the acquisition of Pradera’s second Spanish grocery portfolio. The grocery stores, located in the urban centres of Vitoria and Leioa, are both let on long leases to Grupo Eroski, the leading grocery...
Thursday, 2. June 2022

Sarah Verheyen to move from Kingstone to the Hamborner REIT Management Board

Sarah Verheyen is moving from Kingstone to the executive floor of Hamborner REIT AG. She will be appointed to the Management Board effective October 1, 2022 for a term of three years. The appointment was made as part of the succession planning for the vacant position on the Management Board of Hans Richard Schmitz from the en...
Thursday, 2. June 2022

Nyfosa completes divestment of properties for SEK 947m

As previously announced, on March 16, 2022, Nyfosa signed an agreement to divest 13 properties at a selling price of approximately MSEK 947 to Fastighetsbolaget Emilshus AB. The transaction has been closed today June 1, 2022. Previously communicated closing was planned for September 1, 2022.
Wednesday, 1. June 2022

Schroder REIT pays £14.7m for Manchester mixed-use asset

Schroder Real Estate Investment Trust Limited announces the acquisition of St. Ann’s House in Manchester, for £14.7 million, reflecting a net initial yield of 7.8%, a reversionary yield of 9.1% and a low average capital value of £283 per sq ft. The mixed-use office and retail asset generates £1.22 million per annum of headlin...
Tuesday, 31. May 2022

Global Mutual signs 8,500 sq ft Sports Direct at Affinity Devon

Frasers Group has this week committed to open a new 8,500 sq ft Sports Direct store at Affinity Devon, the 100,000 sq ft outlet scheme in Bideford. The news underlines the confidence in the Global Mutual managed scheme from the occupier community. This letting follows the opening of Quba and Co. in a new 1,500 sq ft store las...
Friday, 27. May 2022

Capital & Regional sells The Mall in Blackburn for £40m

Capital & Regional has exchanged contracts for the sale of The Mall, Blackburn to the retail arm of the Adhan Group of Companies for £40 million in cash. This represents a premium to the December 2021 valuation of £38.2 million. Completion of the sale, which is subject to local authority freeholder consent, is expected to t...
Wednesday, 25. May 2022

The Vintage Store signs for largest location at Liverpool ONE

Grosvenor has announced the signing of The Vintage Store, the leading vintage clothing retailer, at Liverpool ONE. Set to open at the end of May, the Liverpool ONE site will be The Vintage Store’s largest to date, occupying a 12,000 sq ft space.
Tuesday, 24. May 2022

Rise in EMEA retail rents means growth seen across core sectors for first time since 2019

Cushman & Wakefield’s latest DNA of Real Estate research, covering trends in prime rents and yields across Europe, highlights further strengthening in leasing and investment markets in the first quarter of 2022 as economies fully reopen from the pandemic.
Tuesday, 24. May 2022

AEW acquires Alcora Plaza retail park in Madrid

AEW has agreed to acquire Alcora Plaza, a prime, grocery-anchored retail park in Parque Oeste, Madrid. The asset has been acquired on behalf of one of AEW’s funds from Goldman Sachs Asset Management, who acquired the former Ikea store in 2017 and transformed it into a multi-tenant retail park.
Monday, 23. May 2022

Otto and Oaktree plan to take over majority of EuroShop

Deutsche EuroShop AG has today entered into an investor agreement with Hercules BidCo GmbH pursuant to which the Bidder will make a voluntary public takeover offer for all outstanding shares of the Company for €21.50 per share in cash.
Monday, 23. May 2022