UK supermarket investor Supermarket Income REIT has acquired a Tesco Extra supermarket in Mansfield, Nottinghamshire, from the Charities Property Fund (CPF) for £45 mln (€52 mln).
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UK REIT British Land has taken a major step towards rebalancing its portfolio by selling 12 superstores from its joint venture with Sainsbury's for £429 mln (€495 mln).
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Long-income asset manager Alpha Real Capital has purchased a Sainsbury’s store in Sudbury for £34 mln (€40 mln) reflecting a 4.7% net income yield.
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Alibaba Group, the Chinese e-commerce, retail, Internet, and data conglomerate, had a message for delegates at the ICSC annual conference in Barcelona on Thursday: ‘Visualise your physical store as an e-commerce website’.
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CBRE Global Investors has bucked industry consensus about retail real estate by purchasing Bell Green Retail Park in South London from Kier Property for an undisclosed sum.
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Credit ratings agency Moody's has downgraded Italian REIT Immobiliare Grande Distribuzione (IGD) in response to the declining prospects in the country's retail sector.
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A slump in the retail sector has dragged down capital values in UK real estate in the first quarter of 2019, according to CBRE's latest monthly index.
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Changing consumer patterns, relentless leaps in technology and shifting demographics - few property sectors face such an onslaught of challenges as retail. ICSC’s European conference in Barcelona on 10-11 April will take a reality check on the state of play in the industry with a broad line-up of panels and presentations.
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German investor Deka Immobilien has acquired a retail park in Sweden for around €70 mln from Aberdeen Standard Investments European Real Estate Club II.
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Real estate broker Cushman & Wakefield has hired the team behind Coady Supple, a UK-based specialist retail investment advisor.
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German fund manager Union Investment Real Estate has appointed Jörn Stobbe to the position of chairman of the management board, as of 1 January 2020. He will take over from Dr. Reinhard Kutscher, who will retire at the end of 2019.
