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...
Lowe forms retail property redevelopment platform
Los Angeles-based Lowe, formerly known as Lowe Enterprises, the national real estate company, has formed a new platform, ''Retail reVision,'' to the assessment and...
AllSaints announces CVAs proposal for UK and US store portfolio
Global contemporary fashion retailer AllSaints, headquartered in East London, has launched a CVAs (Company Voluntary Arrangements) proposal for its store portfolio in the UK...
British retail group Tesco to sell its business in Poland
British retail group Tesco has agreed to sell its business in Poland to Denmark's retail group Salling Group A/S for £181m. The deal includes...
May retail sales improve dramatically over April but still below last year
Retail sales rose dramatically in May as retailers and other businesses closed by the coronavirus pandemic began to reopen, but remained well below spending...
Simon Property, Brookfield in talks to acquire JC Penney
Simon Property Group and Brookfield Property Partners, the biggest mall owners in the United States, and Authentic Brands Group LLC are in talks to acquire bankrupt department-store...
Tristan Capital, Kintyre sell German shopping centre
A join venture between Tristan Capital Partners’ core-plus Curzon Capital Partners 4 Fund and operating partner Kintyre has sold the City Carrée Salzgitter shopping...
Taubman confirms notice from Simon Property to terminate merger agreement
Taubman Centers, Inc. has confirmed receipt of notice from Simon Property Group to terminate the previously announced agreement and plan of merger among Simon,...
Simon Property terminates $3.6bn Taubman agreement
Simon Property Group, the largest U.S. shopping mall owner and an S&P 100 company, said it has exercised its contractual rights to terminate its February 9, 2020 merger...
ULI : COVID-19 to accelerate restructure of retail property sector
A new update from the Urban Land Institute (ULI) to its Reshaping Retail report, which was published earlier this year prior to the coronavirus pandemic taking...
NEINVER reopens its retail properties in Europe
European outlet developer and operator NEINVER reopened its four Greater Madrid and Barcelona outlet centres in Spain, thus resuming operations across all its retail...
GPT retail portfolio value reduces by 8.8 percent
Australia’s property group and the ASX-listed company GPT Group announced that it has independently revalued its retail portfolio as at 31 May 2020.
The...
