Issue 2017 December 19th

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    Retailer in danger of collapse as pension plan casts doubt on future

    Troubled toys retailer Toys R Us UK is facing potential collapse this week with the potential loss of 3,200 jobs as it battles to win the support of the state-backed Pension Protection Fund (PPF) for its planned restructure. The PPF – the industry-funded, state-backed safety net – demanded that the retailer inject about £9m into [...]
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    German investor snaps up pan-European fund in second major move

    Patrizia Immobilien has acquired Rockspring Property Investment Managers, increasing the German company’s assets under management (AUM) to approximately €40bn. The takeover comes a month after it acquired Triuva, which boosted its AUM from €21bn to more than €30bn. Triuva has undertaken a number of corporate acquisitions over the past six years, transforming itself from a [...]
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    Outlet specialist revamps Lisbon scheme with new stores and F&B

    VIA Outlets has started to open 35 new stores and restaurants at Freeport Lisboa Fashion Outlet near Lisbon following a revamp that has brought new premium brands to the centre and is expected to boost significantly the number of guests who visit. The extensive works mark another phase in VIA Outlets’ programme of more than [...]
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    Investment manager launches new Nordics retail fund

    Savills Investment Management, the international real estate investment manager, has launched Nordic Fund III – Retail. The Fund has raised €110m ahead of its first close and has acquired four Swedish retail parks located alongside IKEA stores as its first assets. Nordic III – Retail is a Core+ fund which targets a net return of 7-9% [...]
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    Italian deals mean country finishes year with strong interest

    Eurocommercial Properties has announced it has signed a binding agreement for the sale of four of its Italian properties to a single buyer. Under the terms of the agreement, Eurocommercial will sell Centro Lame (Bologna), La Favorita (Mantova), Centroluna (Sarzana) and Centro Leonardo (Imola) for a total price of €187m. The sale is expected to complete [...]