UK REIT Supermarket Income confirmed on Friday that it is in negotiations to acquire a portfolio of assets via a sale and leaseback transaction with a major grocery operator.
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LondonMetric Property has announced two acquisitions for a total of £72.9 mln (€81 mln).
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Greenman Open, one of the largest German food retail-focused property funds on the market, has entered into a €95.5 mln framework agreement with German developer Schoofs Immobilien to acquire three new food-anchored retail assets in Germany.
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Global shopping centre giant Unibail-Rodamco-Westfield (URW) has announced the placement of €750 mln of bonds.
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Department store chain Galeria Karstadt Kaufhof, with a total of 172 city-centre locations in Europe, has announced plans to close more than a third of its shops.
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UK supermarket chain Tesco has announced the sale of its Polish business and portfolio consisting of 301 stores together with the associated distribution centres and head office to Denmark’s Salling Group for PLN 900 mln (€202 mln).
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Pan-European real estate investment management firm Maya Capital has appointed Jared Hart to oversee the launch of a new investment vehicle targeting UK retail assets in need of regeneration.
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Principal Real Estate Europe, acting as asset and transaction manager of the SCPI Novapierre Allemagne fund managed by Paref Gestion, has advised on the acquisition of a retail warehouse portfolio in Germany.
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US private equity investor LCN Capital Partners has reportedly agreed to acquire a portfolio of 27 supermarkets in Spain through a €180 mln sale-and-leaseback with operator Mercadona.
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European outlet centre specialist Neinver announced on Thursday that it is certifying the Covid-19 hygiene and safety protocols and procedures implemented in the 20 centres it manages in five European countries.
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German lender Aareal Bank has further cut its exposure to Italian non-performing loans (NPL) by selling around €140 mln in loans and advances to investors during the month of July.
