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...
JCPenney files for bankruptcy
JCPenney has filed for Chapter 11 bankruptcy on Friday. The 118-year-old company announced it has entered into a restructuring support agreement(RSA) with lenders holding approximately...
Williams-Sonoma extends temporary closure in US and Canada
Williams-Sonoma, a specialty retailer of products for the home, announced that it will extend its temporary closure of U.S. and Canada stores through May...
April retail sales drop nearly twice as much as March during coronavirus pandemic
Retail sales dropped almost twice as much during April as they did in March as the nation’s economy saw its first full month when...
NIKE, Inc. provides COVID-19 update on operations
As of today, 100 percent of NIKE-owned stores and over 95 percent of partner stores in Greater China and South Korea are open, with...
intu completes sale of Puerto Venecia shopping centre in Spain
intu properties plc has completed the previously announced sale of its interest in the intu Puerto Venecia shopping centre in Spain to Generali Shopping Centre...
Nuveen Real Estate sells stake in Brisbane shopping centre for A$285m
Nuveen Real Estate, one of the largest real estate investment managers globally with US$130 billion of assets under management, has sold 75 percent stake...
Brookfield announces $5bn retail revitalization program
Brookfield Asset Management has launched a 'Retail Revitalization Program' to recapitalize retail businesses in the major markets in which Brookfield operates globally. The compnay is targeting $5...
