Dutch retail specialist Eurocommercial has appointed chief financial officer Evert Jan van Garderen as its new CEO to succeed Jeremy Lewis when the latter retires in November 2020.
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UK developer Quintain, which is currently working on the £3 bn transformation of London's Wembley Park, has appointed Richard Poyser as head of retail leasing & asset management for the project.
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Spanish multinational outlet specialist Neinver has reopened it five Factory-branded outlet centres in Poland as of 4 May, following the successful relaunch of its The Style Outlets centres in Germany two weeks ago.
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Some of Intu’s flagship malls could be seized by creditors as early as next month as bondholders have reportedly appointed advisors to draw up such plans if Intu breaches debt covenants.
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Supermarket Income REIT has raised £140 mln (€160 mln) in a substantially oversubscribed issue of 136 million new ordinary shares at 103 pence per share.
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Irish food-retail investment specialist Greenman Open has arranged financing of €49.5 mln for a portfolio of Kaufland-anchored real estate assets from German banks Mittelbrandenburgische Sparkasse (MBS), Potsdam and Landesbank Baden Württemberg (LBBW).
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Supermarket Income REIT said on Friday that it has decided to almost double the size of its share issue after receiving ‘a strong level of support’ from investors during the marketing roadshow.
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Spanish firm Temprano Capital Partners has decided to cancel rent payments for the month of April for all tenants in its shopping centres which have been forced to close their doors due to the coronavirus pandemic.
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US group Apollo Global Management is said to be the frontrunner in a bid to acquire a portfolio of 17 stores from the ailing department store chain Galeria Karstadt Kaufhof, majority owned by the Austrian group Signa Holding.
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Outperforming UK grocery-focused investment trust, Supermarket Income REIT, has announced a £75 mln (€85 mln) placing as it seeks to close on two additional supermarket properties.
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AXA Investment Managers - Real Assets (AXA IMRA) has acquired a 75% stake in a newly created property company focusing on affordable housing in France, which owns more than 9,800 residential units in Greater Paris.
