Friday, August 14, 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.

Supermarket Income REIT buys Morrisons supermarket for £14.3m

Supermarket Income REIT buys Morrisons supermarket for £14.3m

Supermarket Income REIT has acquired a Morrisons supermarket in Telford from Santander Trustees Limited for £14.3 million, reflecting a net initial yield of 5.0%. Developed in 2012,...
Hammerson announces stake sale in VIA Outlets and rights issue to raise £825m

Hammerson announces stake sale in VIA Outlets and rights issue to raise £825m

UK listed real estate company Hammerson announced a proposed rights issue to raise gross proceeds of approximately £552 million (Rights Issue) and...
Union Investment buys two retail properties in Madrid and Brussels

Union Investment buys two retail properties in Madrid and Brussels

Union Investment has acquired two retail properties in Madrid and in Brussels for special fund UII EuropeanM. The parties agreed not to...
7-Eleven to acquire convenience store chain for $21bn

7‑Eleven to acquire convenience store chain for $21bn

7‑Eleven, Inc. (7‑Eleven), the largest chain in North America convenience-retailing industry, has entered into an agreement to acquire Speedway, a convenience store chain,...
California Pizza Kitchen files for voluntary Chapter 11 restructuring

California Pizza Kitchen files for voluntary Chapter 11 restructuring

Will Continue to Operate in the Ordinary Course throughout Restructuring ProcessComprehensive Financial Restructuring and Committed Financing will Position CPK for Long-Term Success
David Jones sells Bourke Street Mall menswear store in Melbourne for $121m

David Jones sells Bourke Street Mall menswear store in Melbourne for $121m

David Jones has sold its menswear store at 299 Bourke Street Mall to Australian-based investor Newmark Capital for $121 million, progressing with...
Supermarket Income REIT buys Tesco store for £61m

Supermarket Income REIT buys Tesco store for £61m

Supermarket Income REIT, the UK supermarket real estate investment trust, has acquired the Tesco Extra in Newmarket, Suffolk, from Standard Life Pooled Pension Property Fund for £61.0 million (excluding acquisition...
CBRE: New York City retail sector adapt to new reality

CBRE: New York City retail sector adapt to new reality

New York City’s retail sector experienced significant deceleration in leasing activity in the first half of 2020 intensified by the COVID-19 pandemic,...
Supermarket Income REIT buys Waitrose portfolio for £74.1m

Supermarket Income REIT buys Waitrose portfolio for £74.1m

Supermarket Income REIT plc has acquired a portfolio of supermarkets via a sale and leaseback transaction with Waitrose & Partners (Waitrose) for £74.1 million (excluding acquisition costs),...
Frasers Centrepoint Trust to buy additional 12% interest in AsiaRetail Fund

Frasers Centrepoint Trust to buy additional 12% interest in AsiaRetail Fund

Singapore listed Frasers Centrepoint Trust (FCT), a retail real estate investment trust (REIT), said it will acquire additional 12% interest in AsiaRetail...

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