• European retail moving at different speeds at start of 2015Tuesday 6th Jan 2015

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    cuvillier
    0

    Deal is the deal says Unibail-Rodamco as it woos Australian investors

    Shopping centre giant Unibail-Rodamco is standing firm on its AUS$30 billion offer for Frank Lowy’s Westfield, saying “the price is what the price is.” Unibail-Rodamco chief executive Christophe Cuvillier is currently in Australia speaking to Westfield institutional investors ahead of the release of the takeover document late next month. “’We think the price is full [...]
    Grand Vitrolles
    0

    French mall giant will not change strategy in face of merger

    French shopping centre operator Klepierre is not changing its acquisition following Unibail-Rodamco’s bid for Westfield Corp, its chairman Jean-Marc Jestin said in the wake of the latest negotiations. The Westfield deal gives Europe-focused Unibail-Rodamco exposure to the U.S. market, in a move calculated to help it counter the online shopping challenge led by Amazon. Unibail-Rodamco posted [...]
    Boxpark
    0

    Pop up mall specialist to open third London centre

    Boxpark 3.0 is to open with Quintain in London after the pop up mall specialist confirmed its third London site. The scheme will join Shoreditch and Croydon, the two currently operating developments. The company said of the move: “Since 2011, Boxpark has become synonymous in London with great food and innovative events. When the original [...]
    valegate1
    0

    Specialist investor snaps up two UK retail parks

    New River, the retail development specialist, has completed the acquisition of two retail parks for a combined consideration of €29.8m, representing an initial yield of 8.9% and a capital value of just €159 per sq ft. Both retail parks have good occupier demand and present NewRiver, as a specialist retail asset manager, with the opportunity to add value [...]
    nordiska-kompaniet-nk
    0

    Stockholm department store to be redeveloped as owner pledges to investment

    Department store Nordiska Kompaniet in Stockholm is about to enter a new era following a decision by Hufvudstaden to proceed with development plans aimed at reinforcing NK’s position as a world-class department store. The renewal will encompass both the physical environment and the digital presence and will include expansion of the service range to meet customer demands [...]
    tesco
    0

    UK supermarket giant plots discount rival to Aldi and Lidl

    The UK’s biggest supermarket group is understood to be working on a secret plan to develop a new discount grocery chain to take on cut-price chains Aldi and Lidl. Tesco is said to be developing a separate brand that would match the German discounters on price in a bid to halt the constant drift of [...]

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