Retail

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...

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.

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...

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.

CBRE Investment Management, on behalf of a European shopping centre strategy, has sold two Swedish retail assets to real estate investment firm NIAM.

Supermarket Income REIT announces that the sale of its interest in the Sainsbury’s Reversion Portfolio (“SRP Portfolio”) completed on 17 March 2023, as expected.

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.

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).

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 ...

Multi Corporation announces the appointment of Gerald Grüll as Managing Director of its operations in Switzerland.

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.

DTZ Investors has completed on the purchase of Purley Cross Retail Park in Croydon for £59 from Oval Real Estate.

Greenman Open has acquired three standalone Edeka markets with a total area of approximately 18,500 square meters.

M7 Real Estate (“M7”) has let c. 12,500 sq ft of retail warehouse space at Lombardy Retail Park in Hayes to Currys, an omnichannel retailer of technology products and services.

Sovereign Centros has announced the signing of community-focused concept, Nike Unite, at Merry Hill.

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.

Atrium European Real Estate changes its name to G City Europe.

Real Management S.A. has sold a development plot of 13.7 hectares on ul. Wesoła in Pionki, a district of the city of Radom, to Family Partners Sp. z o.o. S.K.