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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.
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...
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 ...
Lothbury Investment Management Limited, on behalf of Lothbury Property Trust, (LPT) has completed on a sale to British Land of Blackwater Shopping Park in Farnborough for £38 million.
Further to an agreement entered into on February 7, 2022, Unibail-Rodamco-Westfield has completed the disposal of a 45% stake in the Westfield Carré Sénart shopping centre to Société Générale Assurances and BNP Paribas Cardif.
Revetas Capital, on behalf of Revetas Capital Recovery Fund I L.P., has sold the Vitantis Shopping Center in Bucharest to Praktiker Real Estate Romania.
LCP swooped for two shopping centres in its biggest acquisition to date. The West Midlands based property group has signed a £138 million deal for the Cwmbran Centre, Wales’ largest shopping centre, and the Galleries shopping centre in Washington, Sunderland, with M&G Real Estate.
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.
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.
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...
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...
Get Living has secured a £365m development loan from controlled affiliates of Starwood Capital Group, which represents one of the UK’s biggest development loans in the past year, to fund the redevelopment of the former Elephant & Castle Shopping Centre.
Unibail-Rodamco-Westfield (URW) appointed Christi Karandikar as Executive Managing Director, Group People Officer and member of the Executive Committee.