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Retail

Trei takes out €38 million loan to finance development in Berlin

The loan lended by Berliner Sparkasse combines construction and long-term financing with a subsequent long-term financing arrangement with a ten-year maturity. The funds are earmarked for the construction of a residential development on the roof of a former GDR supermarket on Winsstrasse 18.
Wednesday, 7. April 2021

Peakside sells 72-asset Czech portfolio

Peakside Capital has completed the disposal of the last properties from the portfolio of 72 small retail assets, located across the entire Czech Republic. The subject portfolio, comprising 177,000 m² of GLA, was acquired by Peakside back in January 2015. It consisted mainly of convenience retail assets, leased to tenants such...
Tuesday, 6. April 2021

NewRiver and Bravo acquire The Moor in Sheffield

NewRiver in joint venture with Bravo Strategies III LLC („Bravo“) in which it holds a 10% stake has completed the acquisition of The Moor, a 28 acre estate (c. 113,312 m²) in Sheffield city centre, from CEP ASI UKPF Nominee 1 Limited and CEP ASI UKPF Nominee 2 Limited, for total consideration of £41.0 million (c. €48.13 milli...
Tuesday, 6. April 2021

TWO selects Hill Group for Oxford North’s first phase residential

Thomas White Oxford has selected Hill Group as the development partner for the first phase of new homes at Oxford North, the new life sciences district for Oxford which will include new laboratories and workspaces for biomedical science, new homes, public parks, hotel, nursery, small shops, cafes, restaurants and bars. Savill...
Wednesday, 31. March 2021

Deka further diversifies portfolio with acquisition in Milan

As part of a sale and leaseback transaction, the company has acquired the Italian office of the fashion company Dsquared2. The property will be added to the open-ended real estate fund Deka-ImmobilienMetropolen. This acquisition in yet another European metropolis further diversifies the portfolio and follows recent acquisitio...
Wednesday, 31. March 2021

Mountfield opens Slovakia’s largest store in Bratislava’s Shopping Palace

Mountfield, a retailer of garden machinery, swimming pools and home and garden equipment, has chosen the Shopping Palace centre as the site of its new store in Slovakia. Managing the shopping centre since 2013, the MVGM team has created a compact retail space for Mountfield, which covers 1,500 sqm and also includes a warehous...
Wednesday, 31. March 2021

x+bricks tripled portfolio value

The x+bricks Group remains on course for growth. Acquisitions signed in 2020 will increase portfolio to more than 200 assets with total lettable space of more than 500,000 sqm valued above €1.0 billion.
Friday, 26. March 2021

Saint Laurent opens first store in Frankfurt

Fashion label Saint Laurent has opened its first store in the heart of Frankfurt. Located in the luxury shopping street area, in the Goethestraße 7, the boutique offers a wide range of women's and men's products. The landlord of the property is a private individual. Savills acted as an advisor to the tenant.
Friday, 26. March 2021

Glenbrook acquires retail parks in Rochdale and Preston for £4.9m

Glenbrook Investments has completed the acquisition of St Mary’s Gate Retail Park in Rochdale and Units 1 and 2 at Mariner’s Way in Preston from Threadneedle’s UK Property Authorised Investment Fund for a price of £4.9million.
Wednesday, 24. March 2021

Deutsche EuroShop suffers from Corona

The shopping center investor Deutsche Euroshop published its preliminary and as yet unaudited results for the 2020 financial year. The coronavirus pandemic has left a clear mark on both the operating and measurement result. The negative repercussions currently look set to continue for the current financial year due to the ong...
Wednesday, 24. March 2021

Chariot sells four retail parks to EPP for €106m

Chariot has sold four retail parks located in Olsztyn, Opole, Kielce and Tychy. It was the third and the last tranche of the retail assets sold to EPP. The value of the transaction was €106m and the total leasable area of the properties amounts to 110,000 sqm. It has been the highest volume retail transaction on the Polish ma...
Tuesday, 23. March 2021

Böblinger Baugesellschaft sells mixed-use development

Böblinger Baugesellschaft (BBG) is realising the new Pulse development in the centre of Böblingen. Even before the start of construction, BBG has now sold part B to the individual fund of Kreissparkasse Böblingen, managed by Warburg-HIH.
Tuesday, 23. March 2021

Redevco completes Waterloo BIX redevelopment

Redevco has completed the renovation of the Waterloo BIX retail park in Mont-Saint-Jean. The works began in spring 2017 and have continued in successive stages in order to maintain as much commercial activity as possible on the site. The result of the redevelopment is a regional-scale retail park of about 20 units for a total...
Monday, 22. March 2021

Centerscape acquires Edeka market in Waren

Centerscape has acquired an Edeka market in partial ownership in Waren an der Müritz (Mecklenburg-Western Pomerania) and taken it over as of February 2021. The asset was vended by a private seller. Kapeha Real Estate GmbH & Co. KG from Kiel brokered the transaction. The buyer was legally represented by Heussen Rechtsanwaltsge...
Monday, 22. March 2021