Cookies deactivated. To use all functions on this portal, for example the login, Cookies must be activated. Please activate Cookies in your browser settings.
Focus Estate Fund has closed the transaction on the acquisition of the Atrium Mosty shopping centre in Płock with a total area (GLA) of 18,000 m². It is the fifth investment of the fund into the Polish retail sector. The other four assets are located in such cities as Opole, Sandomierz, Zgorzelec, Bartoszyce.
Ingka Centres, part of the Ingka Group (which includes IKEA Retail and Ingka Investments), yesterday unveiled its new global food and beverage concept, Saluhall. Named after the Scandinavian-style ‘Market Hall’, Saluhall will reinvent the traditional shopping centre food offer with a Scandinavian twist, bringing delicious, pr...
Lunson Mitchenall has advised Northdale Asset Management and Magnetar Capital on the purchase of Corby Town Centre and One Stop Shopping, Birmingham. The retail hubs were sold for a collective £76 million. Both centres are dominant local retail staples with a strong emphasis on community use.
Multi Corporation has recently refurbished and extended Forum Palermo. The project included an extension of the food court, a reclassification of store space, new anchor stores and an investment in energy savings. These proactive asset management initiatives have resulted in higher rental income and sales, whilst reducing ene...
Linklaters has advised NEPI Rockcastle, the premier owner and operator of shopping centres in Central and Eastern Europe, on the acquisition of Atrium Copernicus Shopping Center, located in Toruń, from Atrium Retail. The agreed property value is €127 million, subject to adjustments agreed by the parties.
Savills Investment Management has completed investments in the office and residential sectors in Japan, as well as its acquisition of a local neighbourhood shopping centre in Australia, for its flagship pan-Asian fund, in a series of off-market transactions.
Despite the deteriorating market conditions, 2022 will probably be another year with record level of new supply for the retail sector in Poland. According to estimates by Walter Herz, the domestic stock of retail space will increase by approximately 530,000 m². The largest volume, almost 350,000 m² of modern space will be pro...
Touchwood Shopping Centre in Solihull secured over 75,500 sq ft of new lettings and lease renewals during its first year under new ownership and management – equivalent to 11% of gross lettable area – as part of a strategy focused on expanding the scheme’s retail and dining offer.
Münchener Hypothekenbank eG (MünchenerHyp) provides a facility of € 110 million to Tristan Capital Partners to refinance the Quincy in Cologne. The asset offers office and retail space as well as residential apartments spread over 41.600 m² of lettable area, well located in Cologne’s city centre.
In the first nine months of 2022, Sierra reinforced and diversified its portfolio of assets under management in Europe and Morocco, signing 23 new contracts and attracting new clients. Since the beginning of the year, the Company has 11 new contracts in the Property Management area and 12 in Leasing, serving different client ...
Further to an agreement entered into on July 21, 2022, Unibail-Rodamco-Westfield (“URW”) announces the completion of the disposal of Villeneuve 2 shopping centre, located in the Lille region, to Ceetrus.
Multi Corporation has completed the refurbishment of Allee Center in Budapest, enhancing the interior and exterior design, leading to an improved customer experience. The entire renovation cost amounted to almost €18 million, including a significant investment in sustainability to pave the way to carbon neutrality.
According to Savills latest research, European shopping centre investment totalled nearly €5.3bn in H1 2022, more than double the volume recorded during the same period last year and a record high H1 since 2018. The UK (20%), France (17%) and Spain (11%) were the biggest markets, accounting for more than 48% of the total inve...
DIC Asset AG just signed long-term lease renewals for about 11,000 sqm of retail space at the “Neustadt Centrum” retail property, which it holds in its proprietary portfolio. “We will continue to pursue our agenda to increase the degree of sustainability in our portfolio, and to consistently develop our properties to enhance ...
Deutsche EuroShop AG (DES) has appointed Hans-Peter Kneip as a full member of the Executive Board with effect from 1 October 2022. Kneip (43) will assume the role of Chief Financial Officer (CFO) and initially act as sole member of the Executive Board. The search for a new Chief Executive Officer (CEO) is still in progress.
Hammerson has announced that JD Sports will more than double its presence in Bullring & Grand Central, in a clear signal of the destination’s strength as well as a firm commitment to Birmingham as a thriving city.