Issue 2018 July 17th

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    Amazon closes in on half of US online spending

    Amazon is set to clear $258.22 billion in US retail sales in 2018, according to the latest eMarketer’s figures, which will work out to 49.1% of all online retail spend in the country, and 5% of all retail sales. Amazon’s next-closest competitor, eBay, is a very, very distant second at 6.6%, and Apple in third at 3.9%. [...]
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    Greeks to welcome Fashion City Outlet this autumn

    A new shopping and entrainment destination, the first of the outlet type in Thessaly, is opening its doors in Larissa. Fashion City Outlet brings fashion and leisure one step from the cities of Larissa, Karditsa, Trikala and Volos, aspiring to establish itself as a new destination for the area’s residents and visitors. The new outlet, [...]
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    Lengthy sales negotiations put brakes on German retail investment market

    In contrast to the strong transaction results recorded on the overall German investment market, activity in the retail segment remained relatively calm in H1 2018. According to Colliers International, the €3.5 billion in transaction volume posted at mid-2018 was down 38% yoy and one third below the five-year average. Activity has picked up considerably over [...]
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    UK retail park snapped up by LGIM

    LGIM Real Assets has completed the acquisition of Kingsditch Trade Park, Cheltenham, for €23.2m (£20.5m), reflecting a net initial yield of 5.30%. The UK asset has been bought on behalf of Legal & General’s Industrial Property Investment Fund (IPIF) from M&G Real Estate. Legal & General owns the adjoining trade units to Kingsditch Trade Park and is currently developing [...]
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    Greenman picks up Kaufland anchored Berlin scheme

    Greenman Investments has acquired the Biesdorf Centre in Biesdorf, Berlin for circa €79m. Built in 2003 the Biesdorf Centre compromises around 32,200 sq m GLA with Kaufland occupying an anchor store of 12,500 sq m and meeting just over 40% of the centre’s annual rental obligations. Cerberus purchased the property as part of a portfolio in 2013 and since then [...]