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» Chronological View: " Retail " «

Warburg-HIH Invest acquires five non-discretionary retailers from Rockspring

Warburg-HIH Invest has acquired a portfolio of five local convenience centres with a gross lettable area of around 43,000 square metres for its “Perspektive Einzelhandel: Fokus Nahversorgung” investment fund. The properties were sold by Rockspring Property Investment Managers LLP, on behalf of their Pan-European open-ended ve...
Tuesday, 3. July 2018

Genesta acquires first properties for new core plus fund

On behalf of its newly established fund, GNRE Core Plus, Genesta has made its two first investments. The asset manager has acquired an office property in Solna, Stockholm and a retail park in Jönköping for a combined value exceeding €100 million. “In a very short period of time we have acquired two high quality properties in...
Tuesday, 3. July 2018

Union Investment acquires two more commercial properties in Stuttgart Engineering Park

Union Investment has acquired two properties in the STEP Stuttgart Engineering Park. Completed in 2002, the STEP 4 infrastructure building offers around 7,000 sq m of rental space and is used for retail, restaurants and cafés and fitness facilities. It therefore provides key services for all the companies located in the busin...
Tuesday, 3. July 2018

LAR España secures €100 million in financing for the Palmas Altas retail complex

LAR España has entered into a financing agreement worth €98.5 million to fund the construction and launch phases of the Palmas Altas retail and family leisure complex. This is the first time since 2007 that a retail property of this size has received bank financing. The seven-year loan was granted by Banco Santander, Banc Sab...
Tuesday, 3. July 2018

LondonMetric sells two M&S assets and buys retail development in Durham

LondonMetric Property has sold two M&S convenience stores for £10.7 million (c. €12.1 million), reflecting a NIY of 4.5%, and purchased a convenience development in Durham pre-let to Lidl for £13.3 million (c. €15.04 million), reflecting a yield on cost of 5.4%. The two M&S stores which have been sold were purchased by London...
Tuesday, 3. July 2018

Trei Real Estate opens eighth Polish retail park in Dabrowa Gornicza

Trei Real Estate GmbH has opened a retail park in Dabrowa Gornicza close to Katowice and Krakow in Southern Poland. The property was developed by the property developer and is to remain in the company’s portfolio on a long-term basis. The retail park is to be operated under the Vendo Park brand. Trei invested a total of appro...
Tuesday, 3. July 2018

Shopping centers growth rate accelerates rapidly in 2017

The growth rate of rents in shopping centers accelerated rapidly recently, from 0.3% in 2016 to 5% in 2017, according to latest CBRE Shopping Centre Idex, which is compiled annualy by CBRE. Average store revenue went up by 8.6% - a 1.5 percentage point growth increase compared to 2016. Customer footfall as well as vacancy rat...
Tuesday, 3. July 2018

Deka Realkredit Klassik debt fund acquires loan for shopping centre

The “Deka Realkredit Klassik” debt fund has acquired a senior €65 million tranche of a commercial real estate loan from DekaBank. The tranche is part of the total financing of around €625 million provided by DekaBank and others to finance the purchase of the “Dundrum Town Centre” (DTC) shopping centre on 16 Sandyford Road in ...
Tuesday, 3. July 2018

Fitness Space and David Clulow Opticians to join Tunsgate Quarter in Guildford

Fitness Space and David Clulow Opticians have both signed a lease for Tunsgate Quarter, the new 80,000 sq ft retail and restaurant development in the heart of Guildford town centre. Fitness Space will offer will offer state-of-the-art equipment and a range of classes including hot yoga, HIIT and Connect Bike when it opens in...
Monday, 2. July 2018

France's retail market catches up with that of Germany

French growth is robust and retail sales are on the rise in 2018. With about €530bn forecast, France is catching up with Germany (€540bn), and is still ahead of the UK (€460bn). With €81.7bn in 2017, e-commerce continues to grow very considerably in France. Sales increased by 14% in 2017. The number of transactions has climbe...
Monday, 2. July 2018

Real I.S. purchases Sumatrakontor from Blackstone for €180m

Real I.S. has acquired Sumatrakontor in Hamburg’s HafenCity (harbour city) on behalf of an individual investor from Blackstone. The compnay has purchased the office complex in 2014. Sumatrakontor is a mixed-use property with approximately 9,600 sq metres and a gross floor area of over 30,000 sq metres. The purchase agreement...
Friday, 29. June 2018

Hudson's Bay talks with Signa about Kaufhof JV

According to Reuters, Hudson's Bay is in talks with Signa again. Essentially, the conversation is about a possible joint venture between Kaufhof and Karstadt. According to yesterday's report, Signa (Karstadt) should take over 51% of the operating company of Kaufhof and half of the Kaufhof real estate company. A purchase optio...
Wednesday, 27. June 2018

Thor completes €75m Gran Via 30 acquisition

Thor Equities has completed on a €75m acquisition from Angelo Gordon of a mixed-use building on Madrid’s Gran Via. The 48,222 sq ft building on the 100-year old main street in the centre of Madrid, includes a 12,619 sq ft retail accommodation, which is predominantly let to Spanish fashion chain Sfera. In addition, the propert...
Wednesday, 27. June 2018

CCC expands its store at Sarni Stok shopping centre

CCC has decided to renew its lease agreement at the Sarni Stock shopping centre in Bielsko-Biała and to expand its 700 sq m store to 1,328 sq m. In addition, CCC's store will be redeveloped and restyled in line with the tenant’s latest retail concept. The lease was brokered by Agnieszka Ługowska, Associate, Asset Services, Cu...
Tuesday, 26. June 2018

Helical secures its first restaurant tenant at Barts Square

Helical has secured its first restaurant tenant at its Barts Square scheme, letting the ground and lower ground floors (6,300 sq ft) of 90 Bartholomew Close to Wright and Bell. A former linoleum and carpet warehouse and showroom, 90 Bartholomew Close has been transformed by Helical, including the delivery of two additional fl...
Monday, 25. June 2018

CBRE GI sells five Dutch shopping centres to ARC Real Estate consortium

CBRE Global Investors, on behalf of the CBRE Dutch Retail Fund, sells five shopping centres in the Netherlands to a consortium of ARC Real Estate Partners and a US based private equity fund. The assets that have been sold are: De Maasboulevard in Venlo, Corridor & Passage in Veenendaal, Mercurius Centrum in Assen, Stadhuispas...
Friday, 22. June 2018

New retail units to be built at Wynyard Business Park

Planning permission for four new retail units at Wynyard Business Park in Stockton-on-Tees was granted. The new shops, restaurants or cafes at the junction of the A19 with the A689 will serve more than 2,000 office workers at Wynyard Business Park, 1,500 households in the nearby Wynyard Park housing development, and 9,000 peo...
Thursday, 21. June 2018

Coop sells 131.300 sq.m. real estate portfolio in Aarhus to Dades

Coop has sold a 131.300 sq.m. business-, campus- and retail portfolio in Aarhus South to Dades A/S. Catella Corporate Finance has acted as financial advisor to Coop in the sale. Historically, the transaction is one of the largest ever carried out in Aarhus. Due to the size of this transaction, the final closing is dependent u...
Wednesday, 20. June 2018