JC Penney to close 154 stores
JC Penney announced that it plans to close 154 stores as a part of its store optimization strategy. Closing sales are expected to begin...
Food Lion to acquire 62 stores across Carolinas and Georgia
Food Lion, based in Salisbury, N.C and a company of Ahold Delhaize USA, the U.S. division of Zaandam-based Ahold Delhaize, has agreed to purchase 62...
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...
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...
LondonMetric buys roadside assets for £11.6m
LondonMetric Property Plc has acquired two roadside assets for £11.6 million, reflecting a blended net initial yield of 5.1%.
The first transaction comprises a sale...
PATRIZIA sells German retail portfolio for €96m
PATRIZIA AG has sold a portfolio of seven retail properties in Germany to Captiva, a German real estate investment company, for EUR 96 million.
Comprising...
Capco agrees to acquire stake in Shaftesbury for £436m
Capital & Counties Properties PLC (Capco) has agreed to acquire a 26.3% shareholding in Shaftesbury PLC (Shaftesbury) across two tranches for total consideration of...
Target temporarily closes stores due to protest dangers
Minneapolis-based retail giant Target Corporation has closed temporarily its six stores which were looted and damaged during protests sparked across the US by the...
URW completes disposal of five French shopping centres for €2bn
Unibail-Rodamco-Westfield (URW) has completed of the disposal of a portfolio of five shopping centres in France to the joint venture (JV) formed by URW,...
JCPenney reopens 150 stores across U.S
JCPenney reopened 150 stores in 27 states, bringing the total to 304 reopened stores nationwide after temporarily closing due to the Coronavirus (COVID-19) pandemic....
Tuesday Morning files for bankruptcy protection
Off-price retailer Tuesday Morning Corp. has filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code in response to the strain 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...
