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DIC secures direct follow-on lease for former Kaufhof department store

DIC Asset AG is letting around 20,400 m² of the high-street retail area at the vacated former Kaufhof department store in Leverkusen to Textilhandel GmbH Modehaus aachener, an apparel company based in Dortmund, in a seamless transition. By negotiating this direct follow-on lease with a ten-year term, DIC successfully preserve...
Wednesday, 29. March 2023

Maxima supermarket anchors Tsentraal centre in Jõhvi

East Capital Real Estate has entered into an agreement with the Maxima store chain, which will become one of the new anchor tenants of the Tsentraal shopping and business centre in Jõhvi. The grocery store will open early this summer.
Wednesday, 29. March 2023

Landsec acquires remaining 50% share of Cardiff’s St David’s

Landsec has secured 100% ownership of St David’s shopping centre, Cardiff, following its purchase of the debt secured against the 50% share of the asset previously owned by Intu. Comprising separate transactions with two debt holders, the overall purchase price represents a discount to the £113m September 2022 book value of L...
Tuesday, 28. March 2023

Trei sells 70 properties to Plan B Investments

Trei Real Estate GmbH sold its entire portfolio of 70 properties in the Czech Republic and in Slovakia to Plan B Investments. The portfolio includes 60 supermarkets and commercial properties in the Czech Republic and 10 retail parks of the Vendo brand in the Czech Republic and Slovakia.
Monday, 27. March 2023

Sony Center: Tattersall Lorenz wins key account

Tattersall Lorenz has secured a key account: The service provider's offer has convinced asset manager Oxford Properties and Norges Bank Investment Management (NBIM). Tattersall will manage the Sony Center from April 1, 2023. Pre-property management and onboarding are already underway.
Wednesday, 15. March 2023

Supermarket Income REIT to sell Sainsbury’s Reversion Portfolio Interest

Supermarket Income REIT plc announces the exchange of contracts for the sale of its interest in the Sainsbury’s Reversion Portfolio (the “SRP Portfolio”) to Sainsbury's for a total gross consideration of £430.9 million (excluding costs).
Tuesday, 14. March 2023

Redevco creates retail warehouse park asset management platform

Redevco has established one of the largest retail warehouse park (RWHP) asset management platforms in Europe with assets under management (AUM) of €4.5 billion. The platform was created by combining the properties of Germany’s redos, in which Redevco acquired a majority stake last year, with its existing retail parks, mainly ...
Tuesday, 14. March 2023

Next opens new store at Gloucester Quays

Peel L&P has announced that the British retailer Next is to make its return to Gloucester Quays. Set to welcome the retail giant later this spring, the news follows a record breaking 2022 sales period for Gloucester Quays.
Thursday, 9. March 2023

LondonMetric sells £34 million of long income assets

LondonMetric Property Plc (“LondonMetric”) announces the sale of seven long income assets for £33.9 million (LondonMetric share: £29.6 million), reflecting a blended NIY of 4.5% and crystallising a blended ungeared IRR of 10% and a 28% profit on cost.
Monday, 6. March 2023