GPT retail portfolio value reduces by 8.8 percent
Australia’s property group and the ASX-listed company GPT Group announced that it has independently revalued its retail portfolio as at 31 May 2020. The...
Shopping center owners in Australia provide $1.6bn rental assistance to retailers
The value of rental assistance by shopping center owners to small and medium (SME) sized and non-SME businesses has reached to A$1.6 billion in...
UBS Asset Management acquires Sainsbury’s supermarket for £45m
UBS Asset Management's (UBS-AM) Real Estate & Private Markets (REPM) business has completed the acquisition of a Sainsbury’s supermarket in Hinckley, Leicestershire, for c....
EG Group to acquire Asda forecourt business for £750m
EG Group has agreed to acquire certain assets of Asda, comprising its petrol filling stations, car washes and ancillary land (Forecourt Business) for £750m. In...
LondonMetric divests retail park in Leeds for £25.2m
LondonMetric has sold its retail park in Kirkstall, Leeds, for £25.2 million, to a UK institutional investor. The 120,000 sq ft Kirkstall Bridge Shopping Park was developed by LondonMetric in 2015 after acquiring the site...
GIC, SCA Property form A$750m convenience retail JV in Australia
ASX-listed shopping centre owner SCA Property Group has established a A$750 million joint venture with an affiliate of Singapore-based GIC to invest in established...
BBVA to buy back 662 branches from Merlin for €2bn
Spanish bank BBVA has closed a deal with Merlin to buy back 662 branches in Spain. BBVA sold the properties between 2009 and 2010 under a sale...
Auchan Retail to acquire 235 supermarkets in Spain
Auchan Retail said on Tuesday that its Spanish subsidiary Alcampo has signed a deal to acquire 235 supermarkets and a warehouse located mainly in...
LCP Group adds Essex retail park to portfolio
UK privately owned commercial property development and management company LCP Group has bought a new retail park in Harwich, Essex. The group has added Gateway...
AEW buys retail asset in Cannes, France
AEW has purchased a prime retail asset in the centre of Cannes, France. The 375m² asset is situated on rue d'Antibes, the main shopping area in...
