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» Chronological View: " Retail " «

New major shareholder: Ouram Holding acquires TLG shares

Ouram Holding, a company owned by Israeli real estate investor Amir Dayan, has acquired 23,0 million shares of TLG Immobilien AG. „TLG is another step in the consolidation of real estate activities in Germany,“ said Amir Dayan. As the new shareholder further announced, he is currently in talks to involve institutional investo...
Friday, 26. January 2018

Prime UK commercial property rents increase 3.1% in 2017

UK prime commercial property rental values increased by 0.8% in the final quarter of 2017, according to CBRE’s latest Prime Rent and Yield Monitor. At the All Property level, prime yields moved in -4bps over the quarter. Prime rents grew by 3.1% over 2017 as a whole, down from growth of 3.7% in 2016, but still above trend.
Thursday, 25. January 2018
Legal & General secures retail expert Alex Mountford for its Managed Fund

Legal & General secures retail expert Alex Mountford for its Managed Fund

LGIM Real Assets has hired Alex Mountford as Senior Asset Manager, to focus on some of its key retail assets within Legal & General’s £3.3bn (c.€ 3.79 bn) Managed Fund. Legal & General committed almost £400m (c.€459.74 m) last year alone into improving and evolving its retail destinations for its consumers. The company now h...
Thursday, 25. January 2018
Invesco sells Manchester asset to RL Property Fund for £55m

Invesco sells Manchester asset to RL Property Fund for £55m

Invesco has sold the asset 1 New York Street in Manchester for circa £55m (c.€62m) to The Royal London Pension Property Fund. The asset manager has acquired the mixed use building in 2012 the Invesco Real Estate - UK III Fund for £41.65m .
Wednesday, 24. January 2018
FLE acquires Wratislavia Center

FLE acquires Wratislavia Center

Wratislavia Center, a mixed-use property in Wroclaw has been sold. In the process Knight Frank acted on behalf of the seller, a private investor. Dentons provided legal advice. The property was bought by FLE, an investment advisor headquartered in Vienna, advised by the legal counsellors White & Case. FLE bought the asset on ...
Wednesday, 24. January 2018

Fashion House Outlet Centre Moscow welcomes six new tenants

Fashion House Outlet Centre Moscow enters 2018 with an additional leased area of 1,258 sqm. The scheme’s impressive portfolio is enriched by renowned international and local brands: Under Armour, Paul Smith, Dino Ricci, Choupette and Milavitsa. In addition, Time Kids shapes leisure shopping experience, offering children’s ent...
Wednesday, 24. January 2018

Lynda Shillaw joins Crown Estate Board

The Crown Estate has appointed Lynda Shillaw as member of its board. She is currently Divisional CEO Property for Manchester Airports Group where she is responsible for its investment and development portfolio across its three airports as well as its interest in the 3.5m sq ft Airport City Manchester Development. This, combin...
Wednesday, 24. January 2018

Sharp decline of Moscow shopping centre completions led to vacancy rate drop to 6.2%

According to JLL, only three shopping centres entered the Moscow market in 2017: Vegas Kuntsevo (113,400 sq m ), Vidnoe Park (24,000 sq m), and the retail part of Fili Grad multifunctional complex (12,000 sq m). The resulting annual figure of 150,000 sq m was the lowest in the past five years. It is worth mentioning that ther...
Wednesday, 24. January 2018

TK Development develops, constructs and sells 8,100 sqm retail park project in Vasa

TK Development has signed an agreement with Svenska Handelsfastigheter for the sale of an 8,100 sqm retail park in Vasa, Södertälje. The retail park consists of four leases and has been fully let.
Wednesday, 24. January 2018

Sonae Sierra and Ocidental acquire MaiaShopping and Guimarae Shopping

Sonae Sierra and Ocidental have formed a partnership to acquire MaiaShopping and Guimarae Shopping from the Sierra Fund. As part of this acquisition, Ocidental will hold the majority position in the assets. Sonae Sierra will be responsible for the management of the two shopping centres.
Tuesday, 23. January 2018

Steady growth of the retail market bodes well for the future

The Polish retail market witnessed a large number of interesting developments throughout 2017. Magdalena Sadal, Head of Retail Research and Advisory at Cresa Poland, the author of Retail Space Tracker report, presents a summary of key events and a market outlook for 2018. One of 2017’s highlights was the opening of Galeria Pó...
Tuesday, 23. January 2018

Investment market boom continues

In 2017 the investment market has seen new records with investors investing 3% than in the previous year. Knight Frank experts comment on last year’s major trends on the domestic investment market.
Tuesday, 23. January 2018

AXA IM - Real Assets acquires Dolce Vita Tejo retail and leisure destination in Lisbon

AXA Investment Managers - Real Assets has completed, on behalf of clients, the acquisition of the Dolce Vita Tejo shopping centre in Lisbon for €230 million. The asset has been acquired from Baupost and Eurofund Group, who are currently undertaking a redevelopment programme, aiming to reposition the centre as Portugal's premi...
Monday, 22. January 2018

Retailers likely to be penalised for online returns

Retailers are 1.6 times more likely to be penalised for online returns than credited for online sales within their catchment, according to Savills. The firm's new Online Sales vs Online Returns report found that one in three stores have online returns deducted from their bottom line while only one in five are credited for onl...
Monday, 22. January 2018

Eurocommercial signs contract to purchase Woluwe shopping centre in Brussels

Eurocommercial Properties N.V. has signed a binding contract to purchase the Woluwe shopping centre situated in the municipality of Woluwe-Saint-Lambert in Brussels. The announcement follows a period of exclusivity which started in October 2017 , during which the company and its advisors conducted detailed due diligence on th...
Monday, 22. January 2018

Corum Asset Management aquires a retail asset in Lahti

Corum Asset Management announced its third purchase in Finland. The asset manager has, on behalf of its fund Corum Convictions SCPI, acquired the old bus station at Jalkarannantie 1 in central Lahti that is undergoing a retail conversion. The asset is now being fully refurbished and will be completed during the spring of 2018...
Monday, 22. January 2018