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» Chronological View: " Retail " «

VIA Outlets creates COO and CFO roles

VIA Outlets has announced the appointment of two newly-created senior management positions to join its growing team of experienced real estate professionals. Otto Ambagtsheer joins as Chief Operating Officer and Peter Stals as Chief Financial Officer.
Wednesday, 26. September 2018

Cordatus Property Trust acquires Mercor portfolio for £45.35m

Joint owners Avignon Capital and Riverside Capital complete the sale of the ‘Mercor Portfolio’ to Cordatus Property Trust for £45.35m (c. €50.7m), reflecting a net initial yield of 5.35%. The Mercor Portfolio is made up of 33 trade counter units let on long leases to Travis Perkins. The properties are geographically diverse, ...
Tuesday, 25. September 2018

Union Investment acquires Beckhaus Center in Bielefeld

Union Investment has acquired the newly constructed Beckhaus Center in Bielefeld. The modern retail park on Beckhausstraße offers 4,800 sq m of rental space and 193 parking spaces and is fully let. The two anchor tenants are Rewe and Aldi, who together occupy around 90 per cent of the space. The vendor and developer of the Be...
Tuesday, 25. September 2018

The Entertainer and Burger King to join St James Dover

The Entertainer and Burger King are the latest brands to join the line-up at St James Dover adding to the 10 shops and restaurants at the retail and leisure development. Some 90 per cent, by floor area, of the development is let or in solicitors’ hands, with a further three lettings in negotiations. The St James Dover develop...
Monday, 24. September 2018

Outlet malls grow in popularity with investors

Outlet malls will continue to grow in popularity with investors, as the sector is underpinned by constrained supply and growing demand, offering some of the most attractive risk-adjusted returns in the real estate market, according to TH Real Estate's latest research report Think Global: Outlets. The research highlights that ...
Monday, 24. September 2018

Outlet centre market expanding F&B provisions increases

The UK’s outlet centre market is undergoing significant growth through a mix of new development and expansion of existing schemes, according to international real estate advisor Savills. This is partly being driven by an increase in food and beverage (F&B) provision across all scheme types, doubling since 2011 to an average ...
Friday, 21. September 2018

Berksha signs for exklusive Welsh store at St. David’s

The St David’s Partnership, owners of St David’s in Cardiff has revealed that international fashion label, Bershka, has selected St David’s for a new 11,190 sq ft store, a first for the brand in Wales.
Friday, 21. September 2018

NCC buys property in Bromma and invests SEK 2.5 billion in development project

NCC is purchasing a property from ICA Fastigheter with approximately 50,000 square meters of development rights for offices, retail and a hotel. NCC has also signed 15-year leases for approximately 20,000 square meters. The property is located adjacent to the Bromma Blocks shopping area at the entrance to Bromma Airport.
Wednesday, 19. September 2018

Morphe Cosmetics signs fot first szore outside of London at Bullring

Hammerson's Morphe Cosmetics brand is to open its first store outside of London and second in the country at the Bullring Estate, Birmingham’s iconic shopping destination comprising Bullring, Grand Central and Link Street. The US make-up brand will take a 3,300 sq ft unit on the middle level of the Bullring, alongside fashio...
Wednesday, 19. September 2018

Warburg-HIH Invest sells retail property in Bologna

TH Real Estate, on behalf of Warburg-HIH Invest Real Estate (Warburg-HIH Invest), just sold a retail property with a gross lettable area of 5,860 square metres in the Italian city of Bologna on behalf of its “Pan-Europa Fonds Nr. 3” investment fund. The sale was brokered by TH Real Estate. The Gran Reno Retail Park was raised...
Wednesday, 19. September 2018

Romania is the most successful country in the EU in terms of GDP/capita expansion

Following the global financial crisis ten years ago, Romania has come a long way in the last decade, with the economy seeing some radical transformations, as well as in real estate. The country's economic growth (the so-called sustainable rate) is currently at around 4%, which compares favourably to the EU average (below 2%) ...
Tuesday, 18. September 2018

NEPI Rockcastle acquires stake in Mammut shopping center for €254 million

NEPI Rockcastle acquired a 100% stake in the Mammut 2 and a 81% stake in Mammut 1, which jointly form the Mammut shopping center in Budapest, from Lone Star for €254 million. With this transaction, NEPI Rockcastle becomes the owner of two shopping malls in Budapest, following last year’s purchase of Aréna Plaza. The investmen...
Tuesday, 18. September 2018

Hines exceeds target fund raise with final closing of the HEVF by over 40%

Hines reported that the final closing of its Hines European Value Fund (HEVF) with a total fund size exceeding €720 million of equity commitments, surpassing its original target by more than 40%. HEVF accepted commitments from a primarily European group of 16 limited partners including German, Italian, Norwegian, Spanish, Fre...
Tuesday, 18. September 2018

Retail investment: Wheat separated from chaff amid global upturn

Buoyed by a positive outlook among consumers and retailers alike, the majority of retail markets worldwide remained in good or very good shape during the second quarter of 2018. The ongoing economic boom is creating a number of lucrative growth markets that offer diverse investment opportunities. At the same time, the retail ...
Tuesday, 18. September 2018

Christine Hager new chair of German GCSC

Christine Hager, Managing Director / Head of Shopping Center Asset Management at the Hamburg-based redos Group is the new chair of the German Council of Shopping Centers e.V. (GCSC). The 46-year-old was unanimously elected for the next four years at the association's general meeting today in Berlin. Hager will replace the pre...
Monday, 17. September 2018

Globalworth brings Starbucks to Globalworth Campus in Bucharest

Globalworth has signed a lease agreement with Starbucks to open a coffee shop in Tower 1 office building from Globalworth Campus in Bucharest. “When developing a project, in addition to workspaces adapted to our tenants’ personalities, we also focus on offering them a range of facilities in the immediate vicinity of the offi...
Monday, 17. September 2018

Office and industrial sectors improve in Q2 2018

Scottish commercial real estate achieved a total return of 1.4% in the second quarter of 2018, a slight decline from the 1.7% realised in the first quarter. However office and industrial property have seen improved performances across the period, according to data released by CBRE. Returns for the alternative property sector ...
Monday, 17. September 2018

JLL appoints Emma Tattersall to its pan-EMEA retail capital markets team

JLL has appointed Emma Tattersall as an associate director in its EMEA retail capital markets team, based in London. As part of the pan-European team at JLL, Tattersall will work with local colleagues to provide advice to a broad range of domestic, regional and global investor clients across the continent. She joins JLL after...
Monday, 17. September 2018