Warburg-HIH Invest Sells Retail Property in Bologna
TH Real Estate, on behalf of Warburg-HIH Invest Real Estate (Warburg-HIH Invest), just sold a retail property with a gross lettable area of 5,860 sq m in the Italian city of Bologna on behalf of its “Pan-Europa Fonds Nr. 3” investment fund.
The sale was brokered by TH Real Estate. The Gran Reno Retail Park was raised in 2005 and is currently fully occupied. It was bought by the Italian furniture chain Happy Casa, one of whose branches resides on the premises. It was agreed not to disclose the purchase price.
“The acquisition of the property by an incumbent tenant delivered a robust capital gain at a time of an otherwise rather sluggish transaction dynamic at this site. The decisive criterion for the buyer is the outstanding location in a strategically significant hot spot for the home furnishing retail business in the region,” said Andreas Schultz, Managing Director at Warburg-HIH Invest.
Sloane Stanley has announced phase one of the opening for popular chic cake and confectionary brand, Peggy Porschen, at 219 King’s Road. Boasting a prime corner position, the 2,400 sq ft Parlour marks the second site for the brand, after their debut in nearby Belgravia in 2010.
Seed portfolio in the Stuttgart suburbs – KGAL Group’s first open-ended mutual real estate fund, KGAL immoSUBSTANZ, has started with the acquisition of two properties in the fashion outlet city of Metzingen, and in Wannweil (a district of Reutlingen).
The next major milestone in Bracknell town centre’s regeneration has been secured with the signing of a legal agreement between Bracknell Forest Council and its development partner, Bracknell Regeneration Partnership (BRP) – a 50/50 joint venture between Schroders UK Real Estate Fund and Legal & General Capital.
Nathalie Lohaus took over the position as Head of Commercial Partnerships at Unibail-Rodamco-Westfield Germany in March 2019. Her activities focus on mall retail in the form of pop-up shops, kiosks and promotions, the creation of brand experiences through events and cooperations as well as the management of media campaigns on digital and static advertising spaces. Previously, she worked for the company as Deputy Head of Shopping Center Management as well as Center Manager at Ruhr Park Bochum.
Equilis Europe: 7 countries (Belgium, France, Spain/Portugal, The Netherlands, Poland, The GD of Luxembourg) - 1 headquarter. Retail development: 300,000 sq m built (retail+others) and 174,000 sq m under development/construction.