Germany-based Trei Real Estate is pulling out of the Czech and Slovak markets and has sold 70 properties to investment group Plan B Investments for around €250 mln.
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Multi Corporation has been appointed property manager for a prominent retail and food & beverage asset in the centre of Lisbon following a tender process.
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UK REIT British Land said on Tuesday that it has completed on the acquisition of three retail parks for a total of £94 mln (€107 mln) and sold its 50% stake in a retail park in Preston for £30 mln.
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UK focused specialist property REIT Capital & Regional has sold a shopping centre in Luton to SDI (Luton) Limited and SDI (Luton 2) Limited for £58 mln (€66.1 mln) in cash.
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Austrian investor Signa has sold a 49.9% share in the KaDeWe department store property at Berlin’s Tauentzienstrasse to a subsidiary of Thai group Central Group.
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Supermarket Income REIT has announced the sale of its interest in the Sainsbury’s Reversion Portfolio (SRP) to Sainsbury's for a total of £431 mln (€490 mln).
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If real estate’s development story looks bleak at the moment, you might not be looking in the right places. Persisting in resilient niches has never been more important, although the project fundamentals remain of vital importance, according to Giles Membrey, managing director of Rioja Estates.
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Privately-owned real estate manager Redevco has bundled all its retail warehouse park properties into a single, pan-European asset management platform worth €4.5 bn, at a time when retail real estate values are experiencing a rebound.
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DTZ Investors has completed on the purchase of Purley Cross retail park in Croydon for £59 mln (€66 mln) from Oval Real Estate.
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Multi Corporation has continued to expand in Germany with property management of retail parks and an office building as it continue to evolve from a shopping centre player following its management buyout a year ago.
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Oxford North Ventures has been granted approval by Oxford City Council for the expansion of its Red Hall development to provide greater amenity, meeting, co-working and workspace.
