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Grosvenor has announced that designer retailer, Tessuti, has opened its new global flagship store at Liverpool One, demonstrating the brand’s ongoing vote of confidence in the destination. The new location on Paradise Street follows Tessuti’s consistently strong performance at Liverpool ONE and spans two floors measuring 22,0...
Capital values decreased 0.5% across all UK Commercial property in July 2022, according to the latest CBRE Monthly Index. Over the month, rental value growth was 0.3%. Total returns were -0.1%.
According to Savills, retail investment in Spain in the first half of the year totalled €1.1billion, which exceeds the 2021 total by 10.5%. This is due to a wave of volume shopping centre transactions and the return to a more typical institutional market.
The shopping center investor Deutsche EuroShop AG has concluded its upcoming refinancing for 2022. This includes a Group-level loan of €52 million as well as financing for the Altmarkt-Galerie Dresden (€107 million) and the City-Point Kassel (€55 million). A credit tranche of €10 million for the Allee-Center Hamm will be repa...
A recent report by property consultancy Lambert Smith Hampton (LSH) identifies an urgent need to deliver radical solutions for the repurposing and repositioning of assets across the UK’s shopping centre sector.
MEAG, in collaboration with its property manager, IC Immobilien Gruppe, has concluded a long-term extension to the lease agreement with a major full-range retailer for approx. 5,300 m² in the “MittelRhein Center” mall in Koblenz.
The voluntary public takeover bid by Hercules BidCo GmbH (a company in the bidding consortium of Oaktree Capital Management, L.P. and the asset management company CURA Vermögensverwaltung), which Deutsche EuroShop’s Supervisory Board and Executive Board supported as being fair, reasonable and attractive, was successful. On 8 ...
Allianz Real Estate, acting on behalf of several Allianz Group companies and institutional third-party co-investors, has provided €400 million in sustainability-linked debt funding for the refinance of the flagship Westfield Centro retail centre in Oberhausen.
A new highlight is to be added to the Main-Taunus-Zentrum, one of the largest and highest-turnover shopping centre in Germany: In the heart of the open-air shopping centre in Sulzbach near Frankfurt am Main, a new lively and urban centre with a high-quality, varied gastronomy and food offering is planned. Five new freestandin...
Unibail-Rodamco-Westfield (URW) announces an agreement with a group of private investors led by the UMB Group for the sale of Almere Centrum. The net disposal price of €155m is in line with the last appraisal value.
CBRE has published the results of its extensive Shopping Centre Index analysis, which annually assesses the performance of regional shopping centres over the past year. The main criteria are footfall, achieved turnover, the value of the average basket, rents, and vacancy rates. In addition, the 10th anniversary edition was ex...
Capital & Regional has exchanged contracts for the sale of The Mall, Blackburn to the retail arm of the Adhan Group of Companies for £40 million in cash. This represents a premium to the December 2021 valuation of £38.2 million. Completion of the sale, which is subject to local authority freeholder consent, is expected to t...
Deutsche EuroShop AG has today entered into an investor agreement with Hercules BidCo GmbH pursuant to which the Bidder will make a voluntary public takeover offer for all outstanding shares of the Company for €21.50 per share in cash.