Retail Property Analyst is the news analysis service for those involved with the financing of retail real estate or asset management of retail property and brings with it a remit to understand and explain rather than simply report the news. Read more
Swedish acquisition and online mall to open within mall
CBRE European Shopping Centre Fund II (ESCF II), a fund managed by CBRE Global Investors has acquired Gallerian Nian in Gävle, Sweden for SEK765m. The vendor is a closed-end fund managed by Barings Real Estate Advisers. Gallerian Nian is a dominant 21,155 sq m city centre shopping centre, built in 1973 and renovated in 2014. [...]
Joint venture partners secure new debt on Irish centre
Hammerson, together with its 50/50 joint venture partner Allianz, it has arranged a €625m seven-year term loan (Hammerson’s share €312.5m) secured on Ireland’s pre-eminent shopping and leisure destination, Dundrum Town Centre. BNP Paribas and DekaBank acted as lead arrangers and Allianz Real Estate acted on behalf of a number of Allianz companies. The facility is secured on Dundrum at [...]
Partners complete German logistics fund with strategic acquisitions
TH Real Estate and Palmira Capital Partners have completed the investment programme for their ICF German Logistics Fund. The last acquisition for the fund’s portfolio, which now contains 15 logistics properties, is the Papp cold storage logistics centre in Ginsheim-Gustavsburg. The purchase price was undisclosed. Vendors ISARKIES Wohn-und Gewerbegrund & Co and MP Holding, also developed the [...]
US department store to open shop without products
US department store giant Nordstrom has said that its new concept store won’t actually have any clothing in stock. Instead, Nordstrom Local will focus on free consultations with personal stylists, who will advise customers and then have the merchandise brought in. People can also get manicures and kerbside pickup. Prospective customers will be able to [...]
M&G Real Estate acquires Riverside retail park
M&G Real Estate has acquired Riverside Retail Park, Chelmsford for £53 million from British Airways Pension Fund. The move comes after a slow summer in the UK, with analysts believing that more activity may start to take place in the final quarter of the year. The retail park incorporates 145,000 sq ft of quality retail [...]
Singapore developer ties up deals with Alibaba and Lazada
CapitaLand is advancing its omni-channel strategy by forging alliances with two leading e-commerce players in its core markets. In China, CapitaLand has inked an agreement to manage Alibaba Shanghai Center, the e-commerce conglomerate’s new Shanghai headquarters comprising four office towers and a retail podium. This marks the start of strategic collaboration between CapitaLand, one of [...]- Published by ZTZ
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