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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Dutch real estate investor, Altera Vastgoed, has sold a retail property in ‘s-Hertogenbosch city centre to HM Vastgoed, a partnership between Novabest and Mobion Group.
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Union Investment has acquired off-market a local retail park in Ludwigsburg, about 12 km north of Stuttgart in Germany on behalf of its UII Germany institutional fund.
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Recent data gathered by global real estate advisor, CBRE, shows that around 3 million ft2 (280,000 m2) of retail and office space is either in the pipeline or under construction on London’s Oxford Street, after a boost for potential occupiers.
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French listed shopping centre investor Carmila said this week that it has reached agreements in separate transactions with two family offices for the sale of a portfolio of four assets in Spain and an asset in Montélimar in France.
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Portugal’s Solyd Property Developers is investing €75 mln in a new residential project in the Greater Lisbon area.
