Mercialys, the property investment unit of French supermarket group Casino, has sold a Monoprix supermarket in the Paris suburbs for €30.8 mln to a company advised by Picture Asset Management.
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As part of our special report on Retail Transformation, we look at how the Hamburg-headquartered firm is separating its retail and mixed-asset arms to strengthen their autonomy, as the business embraces a diverse future.
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CEE-focused property firm Immofinanz has acquired eight retail parks in Austria, Serbia, Czech Republic and Croatia from Belgian investor, Mitiska REIM, and two other sellers.
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Blackstone-owned Multi Development has been adding non-retail elements to its shopping centres for years, but believes ‘pure retail’ still has a place.
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Nordic mall specialist Citycon is seeking to utilise space above and next to its shopping centres as part of an urban densification strategy.
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By moving into alternatives and making existing assets more mixed-use, family-owned Redevco is aiming to become a ‘multi-client, multi-sector’ investment manager.
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In a year of disruption wrought by the coronavirus pandemic, the investment manager formerly known as Meyer Bergman is making changes.
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German food-retail focused investment fund Greenman Open has acquired a mixed-use hybrid centre in Tuttlingen, Baden- Württemberg from local developer Schoofs Immobilien for €31.7 mln.
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Echo Investment, a Polish property developer focused on residential, office and retail schemes, has acquired three investment properties developed in collaboration with British supermarket retailer Tesco for €42 mln.
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UK privately-owned investment and development company Native Land has exchanged contracts to acquire a 230,000-sq-ft (21,400 m2) department store in Guildford town centre, currently occupied by Debenhams, for future redevelopment.
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Specialist office investor CA Immo has appointed Alexander Rafajlovic as head of market research & data analytics.
