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Shopping Centres

Złote Tarasy attracts more new tenants

Popeyes is to open its first Warsaw restaurant in Złote Tarasy on 21 September. The fast food chain from Louisiana is the seventh new tenant to come to Złote Tarasy in 2023 after such brands as Lush, Candy Pop, and Hugo. Cushman & Wakefield, which is responsible for the re-commercialisation and property management for the sch...
Wednesday, 20. September 2023

SES purchases the IL Grifone shopping center

SES Spar European Shopping Centers is consolidating its position in the Northern Italian market. With the purchase of the IL Grifone shopping center in Bassano del Grappa, located in the highly affluent region of Vicenza/Veneto, the real estate developer and operator takes over a well-established location with immediate effec...
Monday, 18. September 2023

Nike Rise selects Bullring for first concept store in Birmingham

Nike will open its first ever „Nike Rise“ concept store in Birmingham at Bullring & Grand Central. According to Hammerson, this cleary reflects the strategy to reinvigorate the asset with new brands, concepts and market firsts.
Thursday, 14. September 2023

URW sells Westfield Valencia Town Center for $199 m

Unibail-Rodamco-Westfield has sold Westfield Valencia Town Center, a Regional mall in Santa Clarita, California, to Centennial Real Estate at a total value of $199 million (at 100%, URW share 50%), above the $195 million debt amount (at 100%, URW share 50%) on the asset.
Thursday, 7. September 2023

SES invests €5.5 million in Slovenia

The number of photovoltaic surfaces installed on SES shopping malls is constantly increasing. This year, SES has invested approximately €5.5 million in the construction of photovoltaic systems in the five Slovenian shopping centers, namely Aleja, Citypark and Center Vic in Ljubljana, Citycenter Celje and Europark Maribor.
Wednesday, 30. August 2023

AEW UREF buys Windsor Royal shopping centre for £18.5m

AEW announces that its Urban Real Estate Fund (UREF) has acquired Windsor Royal Station and 1 Thames Street, a shopping centre in Windsor for £18.5 million, reflecting a net income yield of 9.6% and a WAULT of 6.5 years to break. The property immediately adjoins Windsor Yards Shopping Centre, acquired by UREF in 2021.
Tuesday, 29. August 2023

Søstrene Grene to open first Surrey store at Woking's Victoria Place

in Woking is to welcome Danish homeware retailer, Søstrene Grene, later this year, as part of its rapid expansion across the UK. Occupying a prominent position on Henry Plaza between M&S and Moss Bros., the brand is opening a 4,673 sq ft store, its first-ever in Surrey.
Monday, 21. August 2023

URW announces new financing for Westfield Century City

Unibail-Rodamco-Westfield (“URW”) announced that Westfield Century City in Los Angeles, California has successfully raised $925 Mn of new financing as part of URW’s ongoing financial planning. The new financing is a two-year floating rate CMBS with the option for three one-year extensions with a spread of 280.7bps over SOFR....
Monday, 21. August 2023

ECE Marketplaces leases 380,000 sqm

The shopping center operator ECE Marketplaces is satisfied with its half-year results. The letting performance has increased by one third compared to the same period of the previous year. In addition, retail sales in the centers have also recovered somewhat.
Tuesday, 15. August 2023

Investment volume on the Czech market declined

The volume of investment in the regional real estate market during H1 2023 was one of the lowest on record in Central & Eastern Europe. Poland accounted for the majority of regional transaction volume at 42%, followed by the Czech Republic with 34%.
Tuesday, 15. August 2023

Capital & Regional buys Gyle Shopping Centre for £40m

Capital & Regional has entered into an agreement to acquire The Gyle Shopping Centre in Edinburgh for a total acquisition consideration of £40 million, excluding acquisition costs. The asset is being acquired at a net initial yield of 13.51% that is expected to rebase to around 12%.
Thursday, 10. August 2023

Jakub Stanislav to lead Investment Properties at CBRE

CBRE appointed Jakub Stanislav (36) as Head of Investment Properties in the Czech Republic. Jakub Stanislav will oversee a team of four senior consultants, while he will be responsible for preparing long-term strategies, and building and developing client relationships. Under his mandate, he will coordinate the purchase and s...
Thursday, 20. July 2023