Redevco buys majority stake in Redos
Redevco has acquired a majority stake in Redos, the Hamburg-based large-scale retail and urban logistics property investment specialist.
Founded in 2004, Redos operates retail warehouse...
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...
Carrefour acquires 224 proximity stores in Taiwan
Global food retail giant Carrefour, a French group, has entered into an agreement with Dairy Farm to acquire Wellcome Taiwan.
The acquisiton includes 224 proximity...
PGIM provides €325m senior loan to refinance German retail portfolio
PGIM has provided a €325 million senior loan to refinance a grocery-anchored retail portfolio spanning Germany, backing Centerscape, the retail platform of a U.S....
NEINVER reopens its outlet centres in Germany and Poland
NEINVER, a Spanish multinational company specialised in managing, developing and investing in commercial and logistics properties, has opened five outlet centres in Poland under...
London’s New Bond Street becomes world’s most expensive retail location
London’s New Bond Street has been ranked the world’s most expensive retail destination for the first time, with headline rents rising 22% year-on-year to...
LondonMetric acquires convenience service stations for £21.9m
LondonMetric Property Plc has acquired convenience service stations for £21.9 million across three separate transactions, reflecting a blended NIY of 5.1%.
The transactions comprise:
-...
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...
Savills : Retail sale and leaseback transactions expected to pick up post Covid-19
Retail sale and leaseback (SLB) transactions are expected to pick up again after the Covid-19 pandemic has passed, according to Savills latest Market in...
Realty Income closes €93m sale-leaseback transaction with Carrefour
Realty Income has completed a €93 million sale-leaseback transaction in Spain, consisting of seven properties under long-term net lease agreements with Carrefour and its real...
Coronavirus : Nordstrom closes stores in U.S and Canada
Nordstrom, Inc. announced that it would temporarily close its stores, including Nordstrom full-line, Nordstrom Rack, Trunk Club clubhouses and Jeffrey in the U.S. and Canada for two weeks, effective March 17, to limit the...
ICSC applauds congressional letter to Treasury and Federal Reserve requesting assistance for CMBS borrowers
As the COVID-19 crisis continues to threaten the viability of the shopping center industry due to the closure of stores and restaurants, ICSC applauds...
