PLANS OF INVESTORS AND OWNERS
Commerz Real has acquired the 47,300-sq-m “Forum City Mühlheim” for its open-ended real estate fund “hausInvest.”
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.
250 million euros will be invested in the upcoming years.
Around €3.8 billion were invested in the German retail market in the first three months of 2017.
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.
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.
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.
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.
According to Stephan Austrup, Head of Retail in Germany at TH Real Estate, omni-channeling and digitalization are key drivers of change. In all acquisitions and in business plans for existing portfolios, he therefore considers the impact of this change on retail formats, retailers’ required floor plans, and whether the property provides the necessary layout flexibility.
TriGranit recently sold Bonarka City Center (BCC). CEO Árpád Török spoke with ACROSS, among other things, about a very eventful 2016.
The Scottish city has witnessed the highest number of new restaurant openings in the United Kingdom outside London. Anne Murray, Group Manager Inward Investment at InvestGlasgow, is helping retailers to use this to counter competition from the internet.
In this interview with ACROSS, Anne Murray from InvestGlasgow and Stephen Bibby from Cushman & Wakefield explain the Scottish city’s investment opportunities.
Shopping center investors have manifold expectations of their asset managers. Steffen Hofmann, Founder and CEO of iMallinvest Europe, knows all the specifics from his daily work.
German department stores are good investments - if you recognize the development opportunities, that is.
ACROSS EU 2016 Investment News
An important metric used by real estate investors to measure the overall tenancy risks of multi-tenant properties like shopping centers is the Weighted Averaged Unexpired Lease Term.
ACROSS EU 2015 Investment News
The investor carousal is turning. Property companies were the most active investor type in the UK, acquiring 34 shopping centers.
While structural trends will continue to alter the retail landscape, it is important to “marry” global demographic trends with the localized nature of malls.
In the course of 2015, around €18.1 billion were invested in German retail properties, according to analysis by the real estate consulting firm CBRE.