Wednesday, October 28, 2020
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Global retail commercial real estate news including shopping centers, fashion or specialty malls, outlet malls, mixed-use, small grocery, pharmacy, few restaurants or clothing stores.

Alibaba to invest $3.6bn in Chinese supermarket chain Sun Art

Alibaba to invest $3.6bn in Chinese supermarket chain Sun Art

Alibaba Group Holding Limited will invest USD3.6 billion to acquire a controlling stake in Sun Art Retail Group Limited, a hypermarket...
Retail sales growth speeds up as September marks fourth month of gains

Retail sales growth speeds up as September marks fourth month of gains

A strong rebound in apparel led a continuing V-shaped recovery from the pandemic as retail sales accelerated their rate of growth in...
LondonMetric announces disposals and acquisitons

LondonMetric announces disposals and acquisitons

LondonMetric Property has sold four retail properties from its long income portfolio for £22.2 million, reflecting a blended NIY of 4.6%. The company also announced...
ICSC forecasts increased spending, longer holiday shopping season

ICSC forecasts increased spending, longer holiday shopping season

ICSC expects 1.9 percent spending increase, bolstered by an earlier start to holiday shopping Consumers are expected to provide...
Cineworld temporarily closes all cinemas in US, UK

Cineworld to temporarily close all cinemas in US, UK

Cineworld has confirmed it will temporarily close all of its 536 Regal theatres in the US and its 127 Cineworld and Picturehouse...
Walmart agrees to sell UK business Asda for £6.8bn

Walmart agrees to sell UK business Asda for £6.8bn

The Issa brothers, founders and co-CEOs of EG Group, a global convenience and forecourts retailer, headquartered in Blackburn, UK, and TDR Capital,...
NewRiver sells 90% interest in Lisburn retail park

NewRiver sells 90% interest in Lisburn retail park

NewRiver REIT plc (NewRiver) has sold 90% of its interest in Sprucefield Retail Park, Lisburn in Northern Ireland, to its joint venture...
Thompson Thrift to develop shopping center in Naperville, Illinois

Thompson Thrift to develop shopping center in Naperville, Illinois

Thompson Thrift Retail Group, a wholly-owned company of Indianapolis-based Thompson Thrift, has acquired a 4.2 acres of land to develop a $19...
Aldi to open 100 new stores across UK with £1.3bn investment plan

Aldi to open 100 new stores across UK with £1.3bn investment plan

Supermarket giant Aldi, Britain’s fifth largest supermarket with 894 stores and more than 36,000 employees, announced it plans to invest £1.3 billion over...
Simon to close properties on Thanksgiving Day

Simon to close properties on Thanksgiving Day

Simon Property Group, the largest shopping center owner in the U.S., announced it will not open properties on Thanksgiving Day.

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