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» Chronological View: " Retail " «

Kintyre exits “Forum Landsberger Allee” in Berlin

Kintyre has exited its investment in the 36,000 sq m Forum Landsberger Allee project in Berlin, after completing a repositioning mandate. The asset manager has transferred its minority investment to its senior Joint Venture partner, Peakside Capital. The purchase price for the Kintyre shares provides Kintyre with a 2.7x retur...
Wednesday, 27. December 2017
Patrizia sells mixed-use commercial property in Oslo

Patrizia sells mixed-use commercial property in Oslo

Patrizia Immobilien has sold a mixed-use retail and office property in central Oslo to CapMan Real Estate. The property is located on Lille Grensen, a well-known pedestrianised street in the heart of the Norwegian capital’s city centre. The sales price is not disclosed.
Friday, 22. December 2017

New brands and restaurants open in the Letnany Shopping Centre

CBRE announced the opening of new fashion, jewellery and food stores in Letnany Shopping Centre in Prague. Among the new tenants are well-known brands like Nespresso, Sumo Sushi, Pandora, Alpine Pro, Presence Klenoty, Otto Berg, Super Zoo, Frisson and Punjabi Food.
Wednesday, 20. December 2017

Paris scores the top spot for global luxury retail openings in 2017

According to Savills, the city of Paris has witnessed more luxury store openings than any other city this year, attracting 5.9% of the total number of openings. The latest Global Luxury Retail Report states that Paris has this year rebounded to first place in the city ranking of global luxury retail openings, after last year...
Wednesday, 20. December 2017

Eastern Property Holdings acquires 94% of the property Work Life Center in Hamburg

After completion of the construction and meeting of various customary closing conditions, the closing of the acquisition of 94% ownership interest in the office and retail complex Work Life Center, located in Hamburg, will take place in the coming days. An amount of €56 million is financed by issuance of subordinated & secure...
Wednesday, 20. December 2017
Crest Nicholson and Aviva Investors secure planning consents at Longcross

Crest Nicholson and Aviva Investors secure planning consents at Longcross

Crest Nicholson and Aviva Investors have secured detailed planning consent for the first phase of 150,000 sq ft of HQ offices, which sit at the heart of its 850,000 sq ft Longcross Park development situated in Chertsey, Surrey. Two four-storey Grade A offices of 100,000 sq ft and 50,000 sq ft are planned for the gateway to Lo...
Wednesday, 20. December 2017

Skechers opens store in Forum Lviv shopping centre

Skechers will open its first store in Forum Lviv shopping centre. The Skechers store, measuring around 160 sq.m. will be located in the Small atrium zone of the shopping centre on the First floor.
Wednesday, 20. December 2017
The Garment Factory in Glasgow achieves practical completion

The Garment Factory in Glasgow achieves practical completion

The Garment Factory in Glasgow’s city centre has achieved practical completion following an extensive refurbishment project undertaken by Castleforge Partners. The category ‘B’ listed building located at the corner of Ingram Street and Montrose Street in the Merchant City Central Conservation Area provides 47,382 sq ft of hig...
Wednesday, 20. December 2017
Redevco acquires super prime retail asset on Berlin's „Tauentzien“

Redevco acquires super prime retail asset on Berlin's „Tauentzien“

Top location, top frequency: Redevco, acting on behalf of one of its investor clients, has acquired a super prime retail asset in Tauentzienstraße 16 in Berlin from a private investor. The property is located at the corner of Tauentzienstraße and Marburger Straße in close proximity to internationally renowned luxury departmen...
Wednesday, 20. December 2017

BMO REP disposes of Edinburgh retail asset for £3.35 million

F&C UK Real Estate Investments (FCRE), managed by BMO Real Estate Partners, has disposed of its retail holding at 100A Princes Street in Edinburgh. The property, which is located on Edinburgh's prime retailing thoroughfare, has been acquired by a private investor for £3.35 million (c. €3.8 million), reflecting a net initial y...
Tuesday, 19. December 2017
Skanska sells office building in Poznan for €73 million

Skanska sells office building in Poznan for €73 million

Skanska has sold phase I of Nowy Rynek, an office building within a mixed-use project in Poznan, for €73 million (about SEK 700 million). The buyer is confidential. The transaction will be recorded by Skanska Commercial Development Europe in the fourth quarter 2017. The transfer of the property is scheduled for the second qua...
Tuesday, 19. December 2017

Eurocommercial sells four properties for €187m

Eurocommercial Properties has signed a binding agreement for the sale of four properties to a single buyer. Under the terms of the agreement, Eurocommercial will sell Centro Lame (Via Marco Polo 3, Bologna), La Favorita (Piazzale Cesare Beccaria 1, Mantova), Centroluna (Via Variante Cisa 40, Sarzana) and Centro Leonardo (Vial...
Tuesday, 19. December 2017

Great Ropemaker Partnership sells offices and retail building in London

The Great Ropemaker Partnership, the 50/50 Joint Venture between Great Portland Estates plc and Ropemaker Properties Ltd, has exchanged contracts to sell 240 Blackfriars Road to clients of Wolfe Asset Management Limited (WAML), a wholly owned subsidiary of the Al Gurg Family. The headline price of £266.5 million (c. €302.4 mi...
Tuesday, 19. December 2017

Savills IM acquires retail parks from Ikea Centres as seed assets for Nordic Fund III

Savills Investment Management has launched Nordic Fund III – Retail. The fund has raised €110 million ahead of its first close and has acquired four Swedish retail parks located alongside Ikea stores as its first assets.
Tuesday, 19. December 2017

Capreon secures Costa as new tenants for the Lanes in Carlisle

Capreon has announced the letting of 2,489-sq. ft., to Costa Coffee in The Lanes Shopping Centre, Carlisle. The letting is the latest high-profile, national brand to join The Lanes’ existing portfolio. This letting follows on from the letting of 55,000 sq ft to Primark and the completion of a new 10 year lease to JD Sports on...
Monday, 18. December 2017
Capreon sells Rylands Building in Manchester to AM alpha for £87m

Capreon sells Rylands Building in Manchester to AM alpha for £87m

Capreon has sold the Rylands Building in Manchester to AM Alpha for £87m million (c.€98m). The price reflects a net initial yield of approximately 5 per cent, and a capital value of approximately GBP185 per sq ft. The building is let in its entirety to Debenhams on a lease extending to 2039.
Monday, 18. December 2017