Search Results for: retail property – Page 37

ESTAma announces the sale of a Combi supermarket in the Münsterland city of Cloppenburg (Germany) to Synvest German Real Estate Fund.

The German outlet centre, managed by Neinver since 2017, has recorded five solid years of growth in sales and foot traffic. Last year, the centre attracted close to 2 million visitors.

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.

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.

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.

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

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

SIGNA will also begin to use communication formats on various channels and levels to provide information about the project, e.g. on Facebook, Twitter and Instagram under the identity “NOT WITHOUT YOU”, on a newly designed homepage at and with various events and activities.

IMMOFINANZ started the first quarter of the 2020 financial year with strong operational performance: Rental income rose by 13.4% to EUR 74.0 million, above all due to the expansion of the portfolio through acquisitions and completions as well as growth of 1.9% in like-for-like rental income. The results of asset management increased by 18.1% to EUR 59.5 million, and the results of operations were 18.0% higher at EUR 43.5 million. However, the revaluation results of EUR -45.0 million from standing investments and goodwill reflect the adverse effects of the Covid-19 pandemic. Net profit for Q1 2020 was therefore negative at EUR -37.6 million.

Meyer Bergman is creating a €2 billion platform allowing institutional investors to tap into surging demand for last-mile distribution centres, with the launch of Crossbay.

Completion with an investment volume of over 400 million euros planned by 2023.

In its role as specialist advisor for institutional retail real estate investors, iMallinvest Europe GmbH has developed its services further to meet the dynamic demand of its clients.

Redevco has joined forces with COFRA Holding to initiate a large-scale on-site renewable energy generation project called Project Solar.

Josip Kardun has 20 years of pan-European real estate investment and management experience. He previously served as CEO of Blackstone’s largest European operating platform where he managed over €10 billion of assets across 14 countries.

Vastned, the listed European retail property company focusing on ‘venues for premium shopping’, published an update on the situation caused by the COVID-19 virus.

Property company Atrium Ljungberg has today signed an agreement to sell the shopping centre Farsta Centrum in Stockholm. This deal includes a rental value of SEK 310 million and more than 100,000 m2 letting area. The purchase price is based on an underlying property value of SEK 3,979 million. The purchaser is Stadsrum Fastigheter AB.

M1 Kraków Shopping Centre managed by Metro Properties Poland wins the main award in the category “Commercial project: In- Use” presented by BREEAM. The best of BREEAM 2020 awards honors exceptional sustainable places and project teams.

JSE listed EPP released results for the year ended 31 December 2019, with distributable income earnings up by 9.6% and distributions of EUR 11.62 cents per share. EPP’s net property income for the year is up by 3.8% to EUR 148 m, with distributable income of EUR 105.5 m.

ECE is acquiring a portfolio with more than 2,000 units.