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Mango, one of Europe’s leading fashion groups, has selected Centre:mk, one of the top 10 retail and leisure destinations in the UK, for its latest location. The new store, which is set to open this summer, will have a selling space of over 4,500 sq ft and will exclusively distribute the Mango Woman collection.
Altera Vastgoed wins supermarket Aldi for Zwolle Zuid shopping centre. Aldi will open its new store, which has a floor area of 1,345 m², in the summer of 2023.
Germany’s retail real estate market recorded an investment volume of around €9.4 billion in 2022, which was a mere four percent below the year-earlier level. At €2.5 billion, the final quarter also fell only a good €100 million short of the previous year’s quarter. Both the portfolio share (up six percentage points to 45 perc...
ECE is investing in the G3 Shopping Resort Gerasdorf: The shopping centre near Vienna is being expanded by a sports and outdoor experience world for €12 million.
The shopping center investor will increase its shareholdings in six shopping centers to between 75% and 100%. The shopping centers include the Allee-Center in Magdeburg, the Saarpark Center in Neunkirchen, the Stadt-Galerie in Passau, the Phönix-Center in Hamburg-Harburg, the Forum in Wetzlar and the Galeria Baltycka in Gdans...
Unibail-Rodamco-Westfield (“URW”) today announced that as of Friday, December 30th, 2022 it has completed the sale of Westfield Trumbull located in Trumbull, Connecticut and Westfield South Shore located in Bay Shore, New York to a commercial real estate investment firm.
The owner of Europa Shopping Centre in Vilnius, BH Europa UAB, an SPV of Baltic Horizon real estate fund, signed and closed a real estate sale and purchase agreement with UAB „Prime Location Property Fund“ on Friday, 30 December 2022, following the end of the Nasdaq trading day, to sell its share in the parking house of Europ...
Unibail-Rodamco-Westfield (“URW”) has completed the sale of The Village, an outdoor lifestyle destination in the San Fernando Valley of Los Angeles, to the Kroenke Organization. The sale price of $325m (at 100%, URW share 55%), reflects an initial yield of 5.6% on the in-place Net Operating Income, and a 10.6% discount to the...
Linklaters has advised NEPI Rockcastle on the acquisition of Forum Gdańsk Shopping Centre, for €250 million. The seller was Multi Veste 339 B.V., an entity ultimately owned by Blackstone-managed funds.
CBRE summarises this year's developments on the Czech commercial real estate market and provides an up-to-date outlook for 2023. How is the current macroeconomic situation reflected in investment activity and other developments within the individual sectors, from offices and industrial and logistics premises to retail real es...
Union Investment has acquired an office development in one of France’s most sought-after and dynamic business districts – Lyon Part-Dieu. The project is a joint development between Icade Promotion and Sogeprom and expected to be completed in Q1 2025. The acquisition will be added to the holdings of institutional open-ended re...
Retail property investment market sector in Poland is thriving, thanks to the stable growth of retail parks (above 5,000 m² GLA) and convenience retail (retail parks under 5,000 m² GLA) schemes. Since 2016, 160 assets of this type have been finalized.
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.