Cookie Error:

Cookies deactivated. To use all functions on this portal, for example the login, Cookies must be activated. Please activate Cookies in your browser settings.

» Chronological View: " Retail " «

Cells Group develops 97,000 m² of commercial space in Berlin

Kudamm-Karree in Berlin becomes Fürst: Cells Group is developing a total of 97,000 m² of commercial space on a 20,000 m² site on Berlin’s Kurfürstendamm. Work has been underway on the first construction phase on Uhlandstrasse since February 2018 and is scheduled for completion in the fourth quarter of 2019. With the building ...
Monday, 4. February 2019

Savills IM’s sale & lease Mercury platform in Italy

Savills Investment Management to announce that its Italian real estate sale & leaseback Mercury Fund established on behalf of Italian retailer Conad has attracted a further €183 million of new investment. Investors in the fund include three consortia of Conad, the largest consortium of independent retailers in Italy (Conad A...
Thursday, 31. January 2019

Foreign investment in Spain reaches five-year high

The Spanish real estate market saw record levels of overseas investment in 2018, according to a new report from Savills Aguirre Newman. Data from the real estate advisor shows that 68% of the €10,800m invested in Spain came from foreign investors – the highest proportion in the last five years which represents an increase of ...
Thursday, 31. January 2019

Savills IM pays €300m for two French assets in debut outlet deal

Savills Investment Management to announce the acquisition of two McArthurGlen designer outlet centres in France. Located in Troyes and Roubaix, the assets were acquired from real estate funds managed by Ares Management Corporation and from McArthurGlen for a price approaching €300 million.
Thursday, 31. January 2019

Italy: 2018 closed with investments worth around €8.6 billion

2018 closed with a dynamic fourth quarter: Around €3.5 billion worth investments, annual volumes were down by about 20% compared to 2017 record year but up by 10% compared to the five year average, confirming a good level of activity.
Thursday, 31. January 2019

Retail stock up by 3% thanks to new retail supply

New retail supply amounted to approximately 420,000 sqm in 2018, pushing Poland’s total retail stock up by 3% to 14.7 million sqm, according to a summary of the country's retail market in 2018 presented by Cushman & Wakefield. Nearly 30% of the new supply was completed in small-scale shopping centres and retail parks (sized b...
Wednesday, 30. January 2019

Offices & Logistics are the engines of growth in European real estate

Europe’s commercial real estate markets maintained their positive trend across most markets and property types during the fourth quarter of 2018, according to Cushman & Wakefield’s latest DNA of Real Estate report. The European sector, however, was more subdued.
Wednesday, 30. January 2019

AEW’s Europe City Retail fund makes first acquisition in Hungary for c. €18m

AEW has entered the Hungarian market by acquiring 3 Vörösmarty Square in Budapest, a prime, retail-led asset, on behalf of the Europe City Retail fund for c. €18m. With the acquisition of the former Luxus department store, AEW has gained ownership of one of the most significant and well-positioned retail sites in central Buda...
Wednesday, 30. January 2019

CLS Holdings extends two lettings in Berlin and Düsseldorf totalling 11,168 sqm

CLS Holdings has extended two existing lettings in Berlin and Düsseldorf totalling 11,168 sqm. In Berlin, an existing 8,600 sqm (92,570 sq ft) lease to Kaufland at Adlershofer Tor, Rudower Chaussee 12 has been extended for a term of 12 years until 2035. In Düsseldorf, 2,568 sqm (27,642 sq ft) of office space has been let to t...
Tuesday, 29. January 2019

Principal acquires first property for Principal Care Invest II fund

Principal Real Estate Spezialfondsgesellschaft mbH has acquired the „Vitahris“ health centre in Bad Neuenahr, Rhineland-Palatinate in a deal marking the first property acquisition for the Principal Care Invest II fund. The vendor is the municipal utility company Stadt + Projektentwicklung GmbH. The parties have agreed not to ...
Tuesday, 29. January 2019

U + I secures two major deals

In a strategic move to bring the investment portfolio further in line with the company's geographic focus on the London city region, Manchester and Dublin, U+I has disposed of The Killingworth Centre on 11-13 High Street in Newcastle for £7.5 million (c. €8.6 million). In addition, the specialist regeneration developer and in...
Tuesday, 29. January 2019

AEW acquires office led mixed-use building in Cologne

Following the acquisition of an asset in Deutz, Cologne in 2018, AEW has snapped up yet another property in the city. This time the real estate company has acquired Novo|M, an office led mixed-use building on Neumarkt in Cologne, Germany, from Indigo Invest, on behalf of its City Office Germany Fund.
Monday, 28. January 2019

Stockmann has sold the Nevsky Centre property in St. Petersburg

Stockmann has completed the sale of its Nevsky Centre shopping centre to the new owner PPF Real Estate . The transaction included Stockmann’s fully-owned Russian subsidiary, OOO Stockmann Nevsky Centre, which owns 100% of the Nevsky Centre property. The transaction price was €171 million and the transaction had a positive cas...
Monday, 28. January 2019

Norges acquires Champs- Elysées office property

Norges Bank Real Estate Management has signed an agreement to acquire a 100 percent interest in a retail and office property located on 79 avenue des Champs-Elysées in central Paris. The seller of the property is Groupama Group. The agreement was signed on 13 December 2018 and is scheduled to close before year-end 2019.
Wednesday, 23. January 2019

Patrizia completes €51m sale of Spanish supermarket portfolio

Patrizia has completed the sale of 21 supermarkets let to Eroski, the supermarket chain, in Spain for €51m to MDSR Investments. The supermarkets, which comprise a gross leasable area of 29,773 sq m, are located mainly in the Basque Country and the Balearic Islands. The investment company acquired the portfolio in August 2010 ...
Wednesday, 23. January 2019

Deka Immobilien purchases Forum Krefeld from Die Developer

Deka Immobilien has acquired Forum Krefeld in Krefeld - near Düsseldorf from Die Developer Projektentwicklung GmbH. The transaction was made for the „WestInvest TargetSelect Shopping“ special fund. The parties have agreed not to disclose the purchase price.
Tuesday, 22. January 2019

Savills IM acquires two retail properties in Denmark for Nordic III retail fund

Savills Investment Management (Savills IM) has acquired two properties in Aarhus, on behalf of its retail fund, Nordic III, from an undisclosed seller. The purchase price was approximately EUR 32 million. The first asset is a newly-constructed building and the second was constructed in 2009 with a lettable area of around 10,8...
Tuesday, 22. January 2019