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Supermarket Income REIT, the UK supermarket real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, announces the acquisition of the Tesco Extra in Newmarket, Suffolk, from Standard Life Pooled Pension Property Fund for £61.0 million (excluding acquisition costs), reflecting a net initial yield of 4.6%.

Since opening their doors on June 15, The Boulevard, Banbridge and The Junction, Antrim, two of Northern Ireland’s largest out-of-town retail schemes, have enjoyed a significant rise in footfall comparable to the same period in 2019 and unlike many high streets, this hasn’t dipped dramatically as the novelty of being out wears off.

M&S has today announced proposals to move to a leaner, faster retail management structure as part of its Never The Same Again programme.

CBRE Switzerland has won the exclusive letting mandate for one of Switzerland’s best-known retail properties in a bidding contest. The owner of the iconic building with the prestigious address Bahnhofstrasse 75/79 is Swiss Life.

First half of 2020 saw a record high investment activity with EUR 3.5 billion of investment transactions closed, including pending transactions at final stage. Although this has been a 30% better result than during the corresponding period last year, achieving this year a similar result to record-breaking volume of EUR 7.8 billion registered last year may be difficult – according to Avison Young.

Shelley Sandzer, the leading specialist leisure property agency, and Gerald Edelman, one of the leading mid-market business advisory and professional services firms in the UK, have announced the creation of a new business, Shelley Sandzer Corporate Finance (SSCF).

Global real estate services firm Cushman & Wakefield has been named the Best CEE/SEE
Retail Real Estate Agency at the HOF Awards & Forum.

Marks and Spencer will relocate to a flagship 20,000 sq ft store at Two Rivers compromising a new foodhall over 50% larger than the old store in the town. Lidl have also chosen Two Rivers as its preferred location in the town satisfying a long held requirement. Lidl opened a 15,700 sq ft store at the end of June.

Ingka Investments, the investment arm of Ingka Group (owner and operator of 381 IKEA stores) announces that a purchase agreement to acquire prime real estate in the heart of Paris has been signed. The space will be used by IKEA Retail France and the total investment is 130 million euros.

Jim Tucker, David Pike and Mike Pink from KPMG’s Restructuring practice have been appointed joint administrators to intu properties plc.

The Frankfurt-based asset and property manager GPEP GmbH appointed real estate economist Mischa Koch as Head of Key Account Management and Business Development in early June.

Hines, the international real estate firm, has signed a long-term lease with food wholesaler Kaufland for the Mira shopping center in northern Munich, Bavaria.

MAPIC will be held at the Palais des Festivals in Cannes from 17 to 19 November, 2020. Its theme of Embracing Collaborative Retail, along with the entire programme, has been designed to support and give an extra boost to the international retail property industry, which has been hit hard by the current health crisis.

Since reopening last Monday 15th June 2020, average transactional spend has increased by 11% across the three quarters of stores which have reopened.

The Supervisory Board of Commerz Real has appointed Gabriele Volz as Chief Executive Officer of Commerz Real. She will take up the position on 1 January 2021.

IPH Handelsimmobilien, one of Germany’s leading independent managers for retail properties, has developed a new retail handling guide meant to provide a transparent and systematic evaluation tool for retail asset managers, investors and financing banks.

Chapman Taylor’s transformative urban regeneration design for Coventry city centre will be presented to the public for consultation this week.

EPP’s general meeting of shareholders has today approved the appointment of Tomasz Trzósło to the position of CEO of the largest owner of retail real estate in Poland. The company’s Board of Directors announced it will nominate Tomasz Trzósło to this post in December 2019.

Greenman OPEN, the German food-retail focused real estate fund, has entered into a €95.5 million framework agreement with Schoofs Immobilien Frankfurt, a leading German developer. Among the items agreed, the framework provides the fund the right to acquire three new food anchored retail assets in Germany.

CORESTATE Capital Investors (Europe) joins as new owner of the MEC-Centers Einkaufspark Duckwitz (Bremen) and Nordsee Passage Wilhelmshaven.

Capital & Regional has developed and launched a new technology partnership with Sensormatic Solutions, a retail solutions portfolio of Johnson Controls, for its ShopperTrak solution to monitor and help control individual centre occupancy levels in real time – a priority for all retail landlords as government lockdown measures are gradually eased.

Klépierre, the European leader in shopping malls, announces that Julien Goubault has been promoted to General Secretary of the Group.