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Shopping Centres

Unibail to sell Gera Arcaden in Germany for €116m

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.
Monday, 4. April 2022

Deutsche EuroShop returned to profit in 2021 financial year

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...
Wednesday, 23. March 2022

Eurofund and Henderson Park complete €166m Silverburn acquisition

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 ...
Thursday, 17. March 2022

Tim Hortons comes to Manchester Arndale

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.
Wednesday, 2. March 2022

Greenman Open targets fund size of €3 billion

Greenman Open is expanding its portfolio with the acquisition of three retail parks for €90 million, which has taken the investment fund to more than €1billion. James McEvoy, Head of Acquisitions at Greenman, is targeting a fund volume of three billion by 2027 in view of the pipeline.
Thursday, 27. January 2022

Colosseum Mall signs a lease agreement with Douglas

Colosseum Mall announces that Douglas will be part of its tenant portfolio in its expansion project which is going to be completed and inaugurated in S1 2022. This is the 34th store on the Romanian market in Colosseum Mall.
Tuesday, 25. January 2022

German retail property market impacted by focus on grocery-anchored properties

The German retail property market recorded an investment volume of around €9.5 billion in 2021. Compared with 2020 this marks a decline of 22 percent, caused mainly by the lack of large-scale acquisitions of equity stakes and corporate takeovers that determined 2020. Furthermore, the proportion of portfolios also declined (do...
Tuesday, 18. January 2022

Pradera and New End acquires two Italian shopping centres

Pradera and New End has acquired two retail assets in Italy. The shopping centres, „Il Ducale“ in Vigevano (PV) and „Costaverde“ in Montenero di Bisaccia (CB), property of the Chronos fund, have been sold to an institutional investor with Pradera acting as an investment and asset manager and New End as a co-investor and advis...
Friday, 14. January 2022