Goldman Sachs to acquire LCN Capital Partners
Goldman Sachs has agreed to acquire LCN Capital Partners, a North America- and Europe-focused investment manager specialising in sale-leaseback, build-to-suit and triple net lease...
Scentre Group sells 50% interest in Westfield Burwood, Sydney
Scentre Group announced the Perron Group will be a new 50% joint venture partner in Westfield Burwood in Sydney. Perron Group will pay $575...
Charter Hall announces A$1.25bn investment in Australia
Australian property investment company Charter Hall Group has agreed to acquire a 49% interest for A$840 million in a $1.7 billion portfolio comprising 225 Convenience...
Covid-19 : Economic downturn to restructure Europe’s retail property sector
Due to the COVID-19 (coronavirus) outbreak, a rapidly emerging decline in the broader economic sentiment and performance is a potential stronger trigger for 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...
Frasers Centrepoint Trust to buy additional 12% interest in AsiaRetail Fund
Singapore listed Frasers Centrepoint Trust (FCT), a retail real estate investment trust (REIT), said it will acquire additional 12% interest in AsiaRetail Fund Limited...
July increase in retail sales continues recovery from coronavirus pandemic
Retail sales continued to recover from the impact of the coronavirus pandemic in July, growing more slowly than the month before but adding to...
JCPenney gets court approval for asset purchase agreement with Brookfield, Simon
JCPenney announced that the U.S. Bankruptcy Court for the Southern District of Texas has approved the asset purchase agreement with Brookfield Asset Management, Simon...
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:
-...
Deka acquires Dublin property from Aviva for €25m
Deka Immobilien has purchased an office and commercial building in Dublin from Aviva for €25 million.
Deka said the property in Dublin is to be incorporated...
Supermarket Income REIT buys Sainsbury’s store for £75.8m
Supermarket Income REIT has purchased Sainsbury's store in Cannock, Staffordshire from a client of CBRE Investment Management for £75.8 million, representing a net initial yield of 4.0%.
The Sainsbury's store opened in 1997...
Slate expands essential real estate portfolio in Norway with new acquisition
Slate Asset Management has expanded its European portfolio with the acquisition of a portfolio of 36 essential real estate assets in Norway for over...
