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Shopping Centres

Ashley Centre kicks off summer with signing of Deichmann

CBRE Investment Management (CBRE IM) has announced Deichmann, the largest footwear retailer in Europe, has signed at the Ashley Centre in Epsom, as the destination continues to evolve its retail mix following significant investment from the landlord.
Tuesday, 23. May 2023

Becken buys “RingCenter III” in Berlin-Lichtenberg

Becken has deepened its commitment on Berlin’s real estate market by acquiring “RingCenter III”, an existing shopping centre. The property is fully let to the Galeria Karstadt Kaufhof department store chain. Located at Frankfurter Allee 113-117, the four-storey property provides around 13,500 square metres of floor area. It w...
Tuesday, 16. May 2023

Forestside and Foyleside Shopping Centres sold

Savills Northern Ireland is pleased to announce the sale of two prominent shopping centres in Northern Ireland: Forestside Shopping Centre and Foyleside Shopping Centre. Both centres have remained strongholds of retail in their respective regions, boasting robust footfall, high occupancy levels, and continued growth in recent...
Thursday, 4. May 2023

URW acquires share of Croydon Partnership from Hammerson

Unibail-Rodamco-Westfield (“URW”) has completed the acquisition of Hammerson’s 50% stake in the Croydon Partnership, a 10 hectare parcel which includes the Whitgift and Centrale shopping centres as well as high street retail frontage, office blocks and multi-storey car parks in the heart of the designated GLA Opportunity Area...
Wednesday, 26. April 2023

ECE manages two further shopping centres

ECE Marketplaces expands its centre management portfolio and takes over the management of two further shopping centres in the Turkish metropolis Istanbul: the “Palladium Atasehir“ and the “V Metroway“. The local subsidiary ECE Türkiye will be responsible for the long-term management, leasing and concept planning for both cent...
Wednesday, 5. April 2023

Deutsche EuroShop plans dividend increase

The executive board (Vorstand) of Deutsche EuroShop AG plans to propose a dividend of € 2.50 per share (+150% compared to the dividend paid in the previous year) at the upcoming annual general meeting, which is scheduled to take place in August 2023, in order to distribute to shareholders parts of the profits retained for pre...
Monday, 3. April 2023

Generali and ECE buy Munich PEP shopping centre

Nuveen Real Estate, on behalf of the TIAA-CNP partnership, has sold the Neuperlach shopping centre PEP, acquired in 2013, to a 50:50 JV of ECE and Generali Real Estate. The contracting parties agreed to maintain confidentiality about the transaction volume, but according to market reports the deal was beyond the €500 million ...
Friday, 31. March 2023

Landsec acquires remaining 50% share of Cardiff’s St David’s

Landsec has secured 100% ownership of St David’s shopping centre, Cardiff, following its purchase of the debt secured against the 50% share of the asset previously owned by Intu. Comprising separate transactions with two debt holders, the overall purchase price represents a discount to the £113m September 2022 book value of L...
Tuesday, 28. March 2023

Mango selects Centre:mk for latest location

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.
Tuesday, 21. February 2023

Germany’s retail investment market remains stable

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...
Tuesday, 24. January 2023

Deutsche Euroshop increases stake in six centers for €303.3m

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...
Friday, 13. January 2023

URW sells shopping centres in Connecticut and New York for $196 Mn

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.
Tuesday, 3. January 2023