Shopping Centres

Unibail-Rodamco-Westfield (URW) today announced the rebranding of three Flagship centres, rolling out the Westfield brand to Parquesur in Madrid, Taby Centrum in Stockholm, and Galeria Mokotow in Warsaw this Fall.

Evolve Estates has acquired one of the main shopping centres in a Suffolk seaside town.

Altera Vastgoed NV has acquired off-market local shopping centre Het Stroink in Enschede from WP Retail Invest CV (“WPRI”). The centre has recently been renovated by WPRI to create a retail complex which, along with a pharmacy, a medical centre, three primary schools, a nursery and a petrol station, forms the beating heart of...

Deutsche EuroShop (DES) today presented its results for the first three months of financial year 2022. CFO Olaf Borkers: “We are confident that 2022 will be impacted by the coronavirus pandemic to a much lesser extent. We expect 2022 to be a transition year on the way to a new normal – operationally as well as in terms of how...

ECE Real Estate Partners have successfully sold Haid-Center Linz to institutional investors in a €130 million transaction. After the sale of the „Avenida“ shopping center in Poznań in February 2021, Haid-Center Linz was the last of twelve centers held by the fund launched in 2011 to be sold within the planned lifetime. Over t...

Multi Corporation is appointed property and asset manager for Mall of Switzerland effective 1st June 2022. Mall of Switzerland is a modern, four storey shopping centre with 65,000 m² of GLA, over 80 shops, a 12 screen cinema, restaurants, leisure options and a parking garage for 1.600 vehicles.

Summus Capital has acquired Damme shopping center in Imanta with Citadele Bank financing. This is the third acquisition of the investment manager in Latvia. So far, the group has supplemented its portfolio in Latvia by acquiring the shopping and entertainment center “Riga Plaza” and the DEPO store in Imanta.

As Deutsche EuroShop AG announced today, CEO Wilhelm Wellner is leaving the board at short notice due to illness. At his request, the contract was revoked for a limited period of time until September 30, 2022.

Vulcano S.p.A. has appointed Multi Corporation, via its subsidiary Multi Italy, as the asset manager for the iconic shopping centre Vulcano Buono located in Nola. The scope of the mandate includes the development and implementation of the annual Business Plan, Leasing, Marketing, and leading a Capital Expenditure program.

Sierra has closed an agreement with the owners of Prishtina Mall, the newest shopping centre set to shortly open in Kosovo, to provide consultancy services for the retail and entertainment scheme. Covering 239,000 m² and with a GLA of 115,000 m², as well as offering parking for over 3,500 cars, Prishtina Mall will be the bigg...

NewRiver has completed the disposal of its regeneration shopping centre in Cowley, Oxford, for gross proceeds of £38.8 million. This follows the announcement on 22 December 2021 confirming the conditional exchange of contracts for the disposal .

Mitiska REIM has today announced the acquisition of Makado Beek retail center from Syntrus Achmea. Acquired on behalf of the First Retail International 2 Fund (FRI 2) and in partnership with local co-investment partner 3W Real Estate, Makado Beek is one of the largest retail centers in the Netherlands, attracting over 3 milli...

Unibail-Rodamco-Westfield (URW) today announces an agreement with the Redos Group for the sale of Gera Arcaden for an agreed total acquisition cost of €116m (at 100%, URW share 51%), which represents a premium to the last appraised value.

Deutsche EuroShop this evening announced its preliminary and as yet unaudited results for the 2021 financial year. Despite significantly longer lockdown phases than in the previous year and the resulting impact on operating earnings, as well as a slight measurement loss, the shopping center investor was again able to generate...

Eurofund Group and Henderson Park have completed the purchase of Silverburn shopping centre in Glasgow. The deal to acquire the 100,000 sqm flagship centre is an off-market transaction from Hammerson and Canada Pension Plan Investment Board for £140 million. The deal signed in December saw Hammerson off-load what it regarded ...

Lothbury Investment Management Limited, on behalf of Lothbury Property Trust, (LPT) has completed on a sale to British Land of Blackwater Shopping Park in Farnborough for £38 million.

Manchester Arndale has announced that international fast-food chain Tim Hortons® will be moving into a 1,921 sq ft unit on Market Street in April.

Further to an agreement entered into on February 7, 2022, Unibail-Rodamco-Westfield has completed the disposal of a 45% stake in the Westfield Carré Sénart shopping centre to Société Générale Assurances and BNP Paribas Cardif.