Spanish department store El Corte Inglés has signed an agreement to sell two buildings in Andalusia to equity fund manager Inbest Real Estate for over €48 mln.
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International REIT WP Carey has completed the sale and leaseback of 16 grocery stores, net leased to Danish food retailer, Coop Danmark.
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MRM has signed agreements to acquire shopping malls in Flins-sur-Seine (Yvelines) and Ollioules (Var), France, from Altarea Commerce for €90.4 mln (including transfer taxes).
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The Brussels-based (ECSP) has officially launched a group for retailers and landlords to help the retail property industry cope with current challenges and that might help give added clout to any political lobbying efforts needed.
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Eurofund Group, the investment firm that teamed up with Henderson Park late last year in acquiring Silverburn shopping centre in Glasgow for £164 mln, has appointed a CEO for a retail scheme in Portugal’s Lisbon provocatively described as being ‘anti mall’.
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Pan-European investor and asset manager M7 Real Estate has capitalised on the strong market appetite for income-producing properties by selling two retail warehouses in the Hesse region of Germany to a fund managed by Mimco Capital.
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Greenman Open, one of the largest food retail-focused investment funds in Germany, is to invest €32 mln to install photovoltaic (PV) panels on around 1.3 km2 of roof space by 2027 across its retail centres in Germany.
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German investor HIH Invest Real Estate has acquired three grocery-anchored retail properties in Germany from international investment firm Gold Tree.
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The UK's Supermarket Income REIT has acquired four grocery stores in the UK for a total purchase price of £82.9 mln (€96 mln), excluding costs, reflecting a combined net initial yield of 4.9%.
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Shopping centre developer, owner and asset manager Multi is embarking on a new chapter as a standalone company amid a challenging time for retail. Co-CEOs Steven Poelman and Elmar Schoonbrood spoke to PropertyEU about their plans.
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The Arete Alternative Real Estate Investment Fund, a Blackstone-sponsored closed-end real estate fund, has completed the sale of a trophy asset in Milan, Italy.
