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Unibail-Rodamco-Westfield has sold Westfield Valencia Town Center, a Regional mall in Santa Clarita, California, to Centennial Real Estate at a total value of $199 million (at 100%, URW share 50%), above the $195 million debt amount (at 100%, URW share 50%) on the asset.
The number of photovoltaic surfaces installed on SES shopping malls is constantly increasing. This year, SES has invested approximately €5.5 million in the construction of photovoltaic systems in the five Slovenian shopping centers, namely Aleja, Citypark and Center Vic in Ljubljana, Citycenter Celje and Europark Maribor.
AEW announces that its Urban Real Estate Fund (UREF) has acquired Windsor Royal Station and 1 Thames Street, a shopping centre in Windsor for £18.5 million, reflecting a net income yield of 9.6% and a WAULT of 6.5 years to break. The property immediately adjoins Windsor Yards Shopping Centre, acquired by UREF in 2021.
in Woking is to welcome Danish homeware retailer, Søstrene Grene, later this year, as part of its rapid expansion across the UK. Occupying a prominent position on Henry Plaza between M&S and Moss Bros., the brand is opening a 4,673 sq ft store, its first-ever in Surrey.
Unibail-Rodamco-Westfield (“URW”) announced that Westfield Century City in Los Angeles, California has successfully raised $925 Mn of new financing as part of URW’s ongoing financial planning. The new financing is a two-year floating rate CMBS with the option for three one-year extensions with a spread of 280.7bps over SOFR....
CBRE Investment Management (CBRE IM) has announced GAIL’s, the artisanal bakery concept and café, has opened at the Ashley Centre, Epsom’s premier shopping destination.
The shopping center operator ECE Marketplaces is satisfied with its half-year results. The letting performance has increased by one third compared to the same period of the previous year. In addition, retail sales in the centers have also recovered somewhat.
The volume of investment in the regional real estate market during H1 2023 was one of the lowest on record in Central & Eastern Europe. Poland accounted for the majority of regional transaction volume at 42%, followed by the Czech Republic with 34%.
Capital & Regional has entered into an agreement to acquire The Gyle Shopping Centre in Edinburgh for a total acquisition consideration of £40 million, excluding acquisition costs. The asset is being acquired at a net initial yield of 13.51% that is expected to rebase to around 12%.
Unibail-Rodamco-Westfield (“URW”) has completed the sale of both of the parcels which make up the Westfield Mission Valley shopping centres in San Diego, California.
Savills expects European real estate investment volumes to bounce back next year as the continent’s economy recovers and is anticipating a total transaction volume of €220bn in 2024, up 35% on the €163bn forecast for 2023.
CBRE appointed Jakub Stanislav (36) as Head of Investment Properties in the Czech Republic. Jakub Stanislav will oversee a team of four senior consultants, while he will be responsible for preparing long-term strategies, and building and developing client relationships. Under his mandate, he will coordinate the purchase and s...
Grosvenor has announced that women’s active streetwear brand, Red Run, is set to open its flagship store at Liverpool ONE. Trading from 1,400 sq ft on Manesty’s Lane, Red Run Liverpool ONE will open in autumn and stock the brand’s range of versatile, comfortable and high quality active streetwear for women, including exclusiv...
Grosvenor has announced that Hollister Co., the global teen retailer division of Abercrombie & Fitch Co. (A&F Co.), has officially opened at Liverpool ONE featuring an updated store design concept. The store opening sits alongside sister brand Gilly Hicks, giving the brand an expanded footprint and first dedicated storefront ...
Germany’s commercial investment markets continued to be largely characterised by changing debt conditions and a challenging overall economic environment in Q2. Investors only poured just shy of €9.8bn into German commercial real estate and development sites in H1, reflecting a 68% yoy de-crease.
Candy Pop, a Lithuanian-headquartered retailer of sweets, beverages and snacks from brands from the US, Japan and other countries, will open its first Polish store in Warsaw’s Złote Tarasy shopping centre this summer. This marks another step for Candy Pop in its expansion in Poland and follows the launch of its online store c...