PLANS OF INVESTORS AND OWNERS

Investment

Key Performance Indicators (KPI), part II

Generating investment performance in European shopping centers.

Where is best to invest?

In a new research report, TH Real Estate provides a summary of the European retail property market and explores the opportunities that the sector offers investors across the UK and the Continent.

KPI - Key Performance Indicators

How to evaluate the performance of a shopping center investment.

Germany: Big deals drive the investment market

The transaction volume for retail real estate nearly doubled in the first half of 2015 compared to the previous year, reports JLL.

Lar España’s investment fever

Miguel Pereda, Board Member of Lar España, announced new transactions over the upcoming months in an interview with ACROSS. The Spanish company intends to invest more than €1 billion before the end of this year.

Factory outlet centers | Investors’ passion for brands

Factory outlet centers are attractive due to high expected returns in unsaturated markets, but the failure rate is significant.

The outlet market in Poland

The traditional shopping center market in the country appears to be becoming saturated and investors are now seeking other “niche” retail formats.

€730 million deal in the Netherlands

Wereldhave makes a defining move on the Dutch market with the acquisition of nine shopping centers from Klépierre.

Ankkurikadun Kiinteistöt Oy formed

Kesko Corporation, the Swedish life insurance company AMF Pensionsförsäkring AB, and the Ilmarinen Mutual Pension Insurance Company have agreed to set up a joint venture called Ankkurikadun Kiinteistöt Oy with equal shares.

Blackstone acquires three shopping centers

Blackstone Real Estate Partners Europe IV announced that it acquired an additional three assets in Portugal and Spain, which will be managed by its European retail platform, Multi Corporation.

Ikea Group acquires Ikano Retail Centers

Ikea Group has signed an agreement with Ikano Group to acquire the remaining 51% in Ikano Retail Centers.

Italian disposal

Altarea Cogedim has sold four shopping centers to Episo 3, a fund managed by Tristan Capital Partners, for €122 million.

CBRE sells Sarni Stok to Union Investment

Union Investment has signed and sealed a deal for another foreign investment for its retail fund UII Shopping Nr. 1.

“We want to increase the foreign share in our retail segment”

Henrike Waldburg, Head of Investment Management Shopping Center at Union Investment Real Estate GmbH, tells ACROSS about her most recent coup, the acquisition of the shopping center “Palladium” in Prague and why acquisitions are currently easy to finance.

IGD Deal in Tuscany

Immobiliare Grande Distribuzione SIIQ S.p.A. (IGD) has signed a preliminary agreement to purchase from Unicoop Tirreno the mall that will be inside the shopping center currently under construction in Grossetto.

“THERE ARE ALMOST NO NEW DEVELOPMENTS ANYMORE”

Josip Kardun, Group CEO of Atrium European Real Estate Limited, tells ACROSS about the company’s strategy and why institutional investors are no longer willing to wait to see returns.

ORION SELLS PLENILUNIO FOR €375 MILLION

Investment Fund Orion Capital Managers have agreed to sell Plenilunio, one the major prime shopping centers in Madrid, to French Company Klépierre. Opened in 2006, the mall is strategi-cally located in the east of the city with no competition.

REFINANCING FOR BONARKA CITY CENTER

ING Bank Slaski S.A. and ING Bank N.V. have jointly signed a €193 million term loan facility to refinance senior debt related to the Bonarka City Center shopping mall.

NEWS FROM THE PALLADIUM

Hannover Leasing has sold a majority stake in the largest urban shopping center in the Czech Republic, the Palladium in Prague. The transaction basis is real estate worth about €570 million. The seller was a holding company for which Hannover Leasing acquired the property and took over asset management. The buyer is Union Investment of Hamburg.

PARTNERS GROUP BUYS PORTFOLIO FOR €163 MILLION

By way of a transaction that closed on February 3, 2015, a new investment vehicle established by Partners Group and its operating partner Northern Horizon Capital has agreed to buy a portfolio comprising the majority of the assets of BPT Optima, an institutional real estate investment vehicle.