ACROSS | The European Retail Real Estate Magazine

Investment
by ACROSS EDITOR

“We currently have an oversupply of retail space in Switzerland”

Bruno Kurz is the CEO of Swiss real-estate service provider Immoveris. In his interview with ACROSS, he explains why marketing is not just marketing and how real estate transactions can work ideally.

by ACROSS EDITOR

Retail park in Amberg, Bavaria under the hammer

The Hahn Group has acquired a retail park in Amberg, Bavaria, for the institutional Hahn German Retail Fund II.

by ACROSS EDITOR

€335 MILLION CREDIT AGREEMENT - ALSO FOR WESTEND CITY CENTER IN BUDAPEST

Gránit Pólus Group has signed a credit agreement of €335 million with a syndicate of Erste Group Bank, Erste Bank Hungary Zrt., UniCredit Bank Hungary Zrt., UniCredit SpA, and K&H Bank Zrt. to refinance existing loans and provide a capex credit line for WestEnd City Center in Budapest.

by ACROSS EDITOR

Deutsche Hypo finances mall in Gdansk

Deutsche Hypothekenbank is financing Galeria Baltycka in Gdansk for the property company Shopping Center Galeria Baltycka GmbH and Co. KG sp.K.

by ACROSS EDITOR

“We want to expand our activities”

Commerz Real is putting out feelers for new shopping centers. In an interview with ACROSS, Katharina von Schacky, Global Head of Real Estate Markets Shopping, reports that purchase prices are somewhat unrealistic.

by ACROSS EDITOR

An Accounting of Operating Cost

Taking the personnel lift to counters or into the abyss of the performance search engine.

by ACROSS EDITOR

A South African in CEE

An example: Hystead recently purchased “The Mall” in Sofia, one of the largest shopping centers in Bulgaria.

by ACROSS EDITOR

Allianz finances Liffey Valley in Dublin

Acting on behalf of several Allianz entities, Allianz Real Estate has closed the financing for Liffey Valley in Dublin.

by ACROSS EDITOR

Passionate expertise

TREC Real Estate Consulting GmbH was founded in 2014 in Düsseldorf. The company focuses on investment management and commercial property-management for retail properties. What the four shareholders have in common is their professional position, their wealth of expertise as well as their joy in doing their job.

by ACROSS EDITOR

Hahn Group presents new public AIF

Value-added fund (Pluswertfonds) 168, SB-Warenhaus Kitzingen, was fully placed at the end of July after only eight weeks of marketing.

by ACROSS EDITOR

Apsys refinances Posnania

Apsys has secured the long-term refinancing of Posnania with Berlin Hyp AG, ING Bank Śląski S.A., Société Générale, and Deutsche Postbank AG.

by ACROSS EDITOR

Delancey and Land Securities divest

Land Securities and Delancey have exited The Metro Shopping Fund.

by ACROSS EDITOR

Commerz Real buys Forum City Mühlheim, Germany

Commerz Real has acquired the 47,300-sq-m “Forum City Mühlheim” for its open-ended real estate fund “hausInvest.”

by ACROSS EDITOR

News on Ada Mall: Binding term sheet for financing

GTC S.A. has signed a binding term sheet for the financing of construction of Ada Mall, its first retail investment in Belgrade. The agreement concluded with Banca Intesa Beograd, VUB, and PBZ (all banks of the Intesa Sanpaolo group) amounts to €64 million.

by ACROSS EDITOR

Bouwfonds IM with Dutch convenience shopping center initiative

250 million euros will be invested in the upcoming years.

by ACROSS EDITOR

Strong Annual Growth in Germany

Around €3.8 billion were invested in the German retail market in the first three months of 2017.

by ACROSS EDITOR

MAS Heads for Bulgaria

The company reports that the continuous increase in purchasing power in the region underpins the investment case in general and that for its acquisitions of Galleria Burgas and Galleria Stara Zagora in particular.

by ACROSS EDITOR

Popular Stockholm

According to Savills, the Swedish capital is currently the most attractive destination in Europe for shopping center investments due to its reputation as a “safe haven” and its relatively affluent population.

by ACROSS EDITOR

Clearly weakened indicators of investment

BNP Parisbas Real Estate recently published “At a glance: UK shopping center & out of town retail market, December 2016.” One of the headlines is that investment volumes fell by around a third compared to 2015 for both the retail warehousing and shopping center markets.

by ACROSS EDITOR

Investors Increasingly Focusing on Retail Parks

Investment in German retail properties is declining. The transaction volume is increasing significantly only in retail parks. Retail parks currently offer good investment opportunities in the UK as well.