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ACROSS

Acquisition

Palais Vest, Recklinghausen, Germany /// INTERRA Immobilien AG

Hilee and INTERRA Acquire Palais Vest in Recklinghausen

Hilee GmbH and INTERRA Immobilien AG have acquired the inner-city shopping center Palais Vest in Recklinghausen. Opened in 2014, the center is one of the leading retail locations in the northern Ruhr region and plays a defining, center-forming role within Recklinghausen’s city center.

The Outlet Stores Alicante in Spain /// © VIA Outlets

VIA Outlets acquires The Outlet Stores Alicante

VIA Outlets has acquired The Outlet Stores Alicante, an established centre in the southeast of Spain serving the broader Costa Blanca region, from previous owner UBS Asset Management.

© ANTA /// © PUMA

ANTA Sports to Acquire 29% Stake in PUMA

ANTA Sports Products Limited announced it has reached a share purchase agreement with Groupe Artémis, the investment company of the Pinault family, to acquire a 29.06% stake in PUMA SE, the company behind iconic global sports brand PUMA. The stake is valued at EUR 1.5 billion in cash. The transaction marks a significant step in ANTA Sports’ globalization strategy, further enhancing its reach, recognition and competitiveness in the global sporting goods market.

Scalo Milano Outlet & More, Italy /// © VIA Outlets

VIA Outlets completes Italian Market Entry through Acquisition

VIA Outlets has acquired Scalo Milano Outlet & More, a modern, well-connected outlet centre located to the south of Milan. VIA Outlets has purchased 100% of Locate District S.p.A., the owner-operator of the centre, previously held by the Lonati Group.

Palladium shopping center in Prague, Czech Republic /// © Union Investment Real Estate GmbH

Record Transaction between Union Investment and Reico Fund: Palladium Prague is Sold

Union Investment announced the profitable sales of Palladium shopping center in Prague, a landmark asset acquired for the UniImmo: Deutschland fund in 2015. The buyer is the largest real estate fund of REICO Erste Asset Management, making the transaction the largest commercial property deal ever recorded in the Czech market.

Facade of Vimbuch Center Bühl /// Credit: Redevco

Redevco acquires Vimbuch Center Bühl, Germany

One of Europe’s most significant privately owned real estate companies, Redevco is strengthening its retail real estate arm by acquiring the 10,000 sqm large Vimbuch Center in Bühl, Germany. The retail destination is now revitalized and fully leased to REWE, Penny, Rossman and 11 other tenants for long-term.

Credit: Echo Investment

Echo Investment sells Libero Katowice, Poland

The largest single-asset retail transaction of the year in Poland has been finalized, as Echo Investment sells Libero shopping center to Summus Capital, an Estonian-based investment company. The value of the deal amounts to €103 million.

Photo by Josef Stepanek on Unsplash

Humanic Sold to Slovenian Investor Group

A surprise move in the retail sector: Austria’s Leder & Schuh AG, best known for its flagship brand Humanic, has been sold to the Slovenian investment firm Advance Capital Partners. Despite the change in ownership, the company’s headquarters for its 210 stores and 1,700 employees will remain in Graz, Austria.

Credit: Prague City Tourism

PALLADIUM Shopping Center to be acquired by Reico

Part of the Austria based Erste Group, REICO is soon to acquire PALLADIUM Prague shopping center, in Prague, Czech Republic. As of today, the value of the transaction has not been revealed, and the transaction is currently being assessed by the Office for the Protection of Competition (UOHS).

Credit: M Core

M CORE ACQUIRES SOUTHWATER SQUARE IN TELFORD, UK

M Core has completed the acquisition of Southwater Square, a 99,000 sq ft leisure scheme located in the heart of Telford town centre. The scheme forms part of the wider Southwater regeneration. It is anchored by a strong line-up of national operators, including Cineworld, Premier Inn, Miller and Carter, Zizzi, Willow, Pizza Express, Nando’s and Bella Italia.

credit: Westfield

Gropius Passagen, Berlin acquired by Hayfin

Berlin’s largest shopping centre, Gropius Passagen has just been acquired by Hayfin from Nuveen and Unibail-Rodamco-Westfield. The centre is a highly important retail destination in Neukölln, Berlin, Germany, with an approximately 95.000 sqm lettable space, around 150 tenants.

credit: Foot Locker

DICK’S finalizes $2.4 billion Foot Locker takeover

DICK’S Sporting Goods has completed its $2.4 billion acquisition of Foot Locker, emerging as a new global sports retail leader. The deal is set to strengthen DICK’S presence across North American, European, Asian and Australian regions, as well as retaining Foot Locker and its family of brands, including Kids Foot Locker, Champs Sports, WSS and atmos.

CEO PERSPECTIVES 2025: WHEN THE TENANT THRIVERS, THE ASSET FLIES

“When the tenant thrives, the asset survives” is an old saying in retail real estate leasing management. But survival is only the baseline – the ambition must go further. Not just to “survive” – the asset should “fly.” But what will it take in 2025 for an asset to take off? For this cover story, we asked leading figures in the European retail real estate sector what they see as the most significant current challenges, as well as the solutions needed, for retail assets not just to survive but to prosper.

credit: Sonae Sierra

Sonae Sierra signs agreement to acquire Unibail-Rodamco-Westfield’s German third party real estate management business

Sonae Sierra, a vertically integrated real estate company and a leading player in the European Shopping Center space, has signed an agreement with Unibail-Rodamco-Westfield to acquire its German business unit dedicated to the management of shopping centers for third parties – Unibail-Rodamco-Westfield Real Estate Management (“URW REM”). The transaction is subject to approval by the relevant competition authorities.

credit: SES

New life for historic site: SES Breaks Ground on €28 Million S-PARK Varaždin Retail Development

Austria-based developer SES Spar European Shopping Centers has launched construction of its latest project in Croatia: a modern retail park on the historic former Varteks textile factory site in Varaždin. Scheduled to open in 2027, the €28 million investment will include the region’s first Interspar hypermarket, 12 shops, restaurants, and services across 11,500 square meters.

credit: FREY

FREY Group accelerates in Europe: Five Italian premium outlet villages join ROS Retail Outlet Shopping’s portfolio

French retail real estate group FREY has cemented its position among Europe’s top three outlet operators with a €410 million acquisition of three flagship shopping villages in Italy. Backed by a €650 million strategic partnership with Cale Street, the deal brings Franciacorta (Lombardy), Valdichiana (Tuscany), and Palmanova (near Trieste) under FREY’s umbrella, adding 90,000 sq m of retail space and 11 million annual visitors to its portfolio.