Target temporarily closes stores due to protest dangers
Minneapolis-based retail giant Target Corporation has closed temporarily its six stores which were looted and damaged during protests sparked across the US by the...
URW completes disposal of five French shopping centres for €2bn
Unibail-Rodamco-Westfield (URW) has completed of the disposal of a portfolio of five shopping centres in France to the joint venture (JV) formed by URW,...
JCPenney reopens 150 stores across U.S
JCPenney reopened 150 stores in 27 states, bringing the total to 304 reopened stores nationwide after temporarily closing due to the Coronavirus (COVID-19) pandemic....
Tuesday Morning files for bankruptcy protection
Off-price retailer Tuesday Morning Corp. has filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code in response to the strain the...
Joint venture to buy stake in Sainsbury’s supermarket portfolio for £102m
UK supermarket real estate investor Supermarket Income REIT has formed a 50:50 joint venture (JV) with British Airways Pension Trustees Limited (BAPTL), acting on behalf of the British...
Klépierre reopens majority of shopping centers in Europe
European shopping malls investment and management company Klépierre announced that the vast majority of its shopping centers have reopened in Europe. Since early May, restrictive...
Facebook Canada launches grant program and new supports for small businesses
Facebook Canada today unveiled several new initiatives to support small businesses impacted by COVID-19. The announcement includes nearly $3.5 million in grants, virtual training...
Legal & General sells London retail asset for £25m
Legal & General, on behalf of its BMW (UK) Trustees fund, has sold 36-46 St John’s Road, Clapham Junction, a prime London retail asset,...
Amazon announces five new utility-scale solar projects to power global operations in China, Australia,...
The five projects include Amazon’s first renewable energy project in China, second in Australia, second and third in Ohio, and 12th in the Commonwealth of...
IKEA’s shopping malls business plans to enter US retail market
Swedish home furnishings retailer IKEA’s shopping malls business, Ingka Centres, plans to enter the United States retail market in the coming years and is...