UK commercial property investor LXi REIT has acquired 11 foodstores and two discount stores for a total £61 mln (€68 mln), reflecting an average net initial yield of 5.7%.
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Created in 2014 to acquire and add value to existing outlet centres, VIA Outlets currently owns 11 assets across nine European countries, and is the third largest premium outlet operator in Europe.
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The days of ecommerce platforms and physical stores seeing each other as direct rivals are long gone.
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Spanish multinational company Neinver, which specialises in managing, developing and investing in commercial and logistics properties, is preparing to end 2020 with a flourish.
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LCP Properties, the Polish arm of London & Cambridge Properties, has acquired a convenience-focused retail park in Siedlce, Poland from local developer Katharsis Development.
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Proptech, including big data and artificial intelligence (AI), has been billed as the solution for a number of the property industry’s woes for some time.
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Right in the centre of Berlin, one of the most comprehensive and exciting refurbishment projects in recent years is taking place. Potsdamer Platz, a place steeped in history yet somewhat outdated, will be revitalised and made fit for the future.
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Supermarket Income REIT, the UK grocery-focused property investor, has acquired a Tesco Extra and an Aldi supermarket in Beaumont Leys, Leicester from British Land for a net total of £63.4 mln (€71 mln).
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UBS Asset Management's (UBS-AM) Real Estate & Private Markets (REPM) business has completed the acquisition of a Sainsbury’s supermarket in Hinckley, Leicestershire, UK, for £45 mln (€50 mln).
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Listed Dutch retail property firm Vastned has put a portfolio of nine assets in Spain up for sale, according to a report in Spanish newspaper El Economista.
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Specialist office investor CA Immo has appointed Alexander Rafajlovic as head of market research & data analytics.
