St. Modwen Properties PLC announces that VINCI St. Modwen (“VSM”), its 50/50 joint venture with VINCI plc, has exchanged contracts for the sale of its interest in the 10-acre Nine Elms Square site in Nine Elms, London to Wanda Commercial Properties (Hong Kong) Co Ltd (“Wanda HK”), for a cash consideration totalling £470m. Completion is expected to occur later in the summer, following demolition of the former flower market.
Thor Equities, a global leader in urban real estate development, leasing and management, has signed a contract to acquire the retail space at 18 Conduit Street in London, company executives announced on June 23, 2017.
Ludovic Castillo, 52, has been appointed Chairman of the Management Board of Altarea Commerce.
Schoenherr advised IULIUS Group, the developer and operator of the IULIUS network of shopping malls, and property investor Atterbury Europe B.V. on the establishment of a joint financial fund with equal participation shares for the operation of four malls, the mixed-use urban regeneration project Openville Timisoara, and the future development of similar projects in Romania.
McArthurGlen Designer Outlet Salzburg successes continue – high-quality expansion of INTERSPORT Bründl store brings additional sporting expertise to the centre.
Manormaker (a joint venture between The Churchmanor Estates Company plc and BP Pension scheme), advised by MMX Retail, has announced TK Maxx as a new tenant for the extension to the Chequers Shopping Centre in Huntingdon, Cambridgeshire.
Galimmo Real Estate, a retail property company specialising in the asset management of shopping centres in Europe, attends the 13th edition of SIEC in Paris, on June 21st and 22nd, as a Gold Partner.
A shop offering interior design products and elegant home accessories of the home&you brand will occupy more than 300 sq m in Galeria Libero, which is being developed by Echo Investment.
Angelvale Consortium has been selected by the Department for Communities and Ards and North Down Borough Council to become the preferred developer for the re-development of Queen’s Parade in Bangor, subject to further contract negotiations.
CREATING NEW IN-STORE REALITIES is the slogan at the Exploring Retail conference in Hamburg.
LGIM Real Assets has signed an agreement with the Borough of Poole that unlocks a £26 million programme of investment at The Dolphin Centre, Dorset’s largest covered shopping destination. Plans include bringing further improved retail and dining choices to the Centre.
Hammerson announces that Elliott’s Field Phase II, Rugby, has achieved two sustainability world firsts, having been awarded an interim Outstanding BREEAM rating in addition to becoming the first shopping park globally designed to be carbon neutral.
FASHION HOUSE Outlet Centre Moscow has been ranked among the 2017’s "100 Best Office and Shopping Centers of Russia" (BEST-100).
Just more shops, or landmarks, connectivity and indoor public space? T1 Mall of Tallinn opens in October 2018 with 55,000 sq m of leasable area and following the latest industry trends.
Since 2004, Magdus, the European Outlet Centres Observatory, has offered research, insight and consultancy on this unique and rapidly expanding retail format.
The listed company DEMIRE Deutsche Mittelstand Real Estate AG let another commercial unit of around 1,100 sq m at its Kurfürstengalerie asset in Kassel to Eurofit GmbH.
Lars Heese MBA has been appointed Managing Director of Redevco Germany, effective August 1, 2017. He will succeed Arnd Leinemann who left the Düsseldorf-based company at the end of February 2017.
The Lexicon Bracknell has signed three new top brands, Boots UK, Office and The Entertainer to attract customers to the transformed town centre when it opens in September 2017.
Shoptalk Europe, the new large-scale event that is leading the development of a modern European and global retail and ecommerce conversation and community of innovators, announced its agenda featuring 130+ confirmed speakers.
A fresh breeze in the Köln Arcaden: Since the beginning of February the center operator mfi – a division of Unibail-Rodamco Group has been renovating the center on Kalker Hauptstraße by order of the owner Union Investment Real Estate.