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 September and...
JCPenney initiates search for new CEO as Soltau to exit
JCPenney announced on Wednesday that its new ownership group, consisting of Simon Property Group and Brookfield Asset Management, along with strategic partner Authentic Brands...
Supermarket Income REIT buys Tesco store in Colchester for £63m
Supermarket Income REIT has acquired a Tesco supermarket in Colchester, Essex from Standard Life Investments Long Lease Fund for £63 million (excluding acquisition costs)...
Union Investment re-enters US market with Chicago property buy
Union Investment has re-entered the US real estate market with the acquisition of a trophy retail property on Chicago’s most exclusive shopping street, following...
BVK, Paramount JV buys Times Square retail property for $191.5m
A joint venture between German pension fund Bayerische Versorgungskammer (BVK) and Paramount Group has acquired a retail property at 1600 Broadway for $191.5 million from...
URW to sell retail asset in The Netherlands for €155m
Unibail-Rodamco-Westfield has agreed to sell Almere Centrum, a retail asset in The Netherlands, to a group of private investors led by the UMB Group...
LondonMetric sells two assets for £28.2m
LondonMetric Property has sold two assets for £28.2 million, reflecting a blended NIY of 4.6%. The REIT sold a 61,000 sq ft retail park in...
Aviva Investors snaps up two retail assets in southern England
Aviva Investors has completed the purchase of two retail assets in the south of England. The company acquired Hedge End Retail Park in Southampton and...
Office and retail block in Edinburgh sells for £30m
A European investor has purchased a prime mixed-use office and retail block at 40 Princes Street, Edinburgh for £29.525m equates to a NIY of...
Macquarie invests £400m in ASDA’s commercial ground leases
Macquarie Asset Management, on behalf of Just Group, is investing £400 million in notes that tied to a collection of commercial ground leases. These...
