Issue 2018 May 8th

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    UK sports retailer challenges House of Fraser plans

    Mike Ashley’s Sports Direct has launched legal action against House of Fraser, following the department store group’s move to close stores as part of a rescue plan. The sports chain owns an 11.1% stake in House of Fraser, which last week announced a major restructuring and Sports Direct boss Ashley says his firm has been [...]
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    Private investor acquires iconic London shopping parade

    Thor Equities and Meyer Bergman have exchanged contracts on the sale of London’s iconic Burlington Arcade in London to a private investor for €339.8m. Since acquiring the renowned global luxury retail destination for €117.8m in 2010, Thor Equities and Meyer Bergman have performed several upgrades to the property while maintaining its historic appeal. Redesigned by British architect Jamie Fobert, [...]
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    Canadian investor backs acquisition of major Belgian shopping centre

    The Alberta Investment Management Corp and its investment partner, Portus Retail Partners have acquired one of Belgium’s newest urban shopping centres. Docks Bruxsel, which opened in 2016, is the first new shopping centre in Brussels in more than 30 years, and includes fashion and lifestyle retailers, leisure attractions, event space and a food and beverage [...]
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    Toys retailer snaps up empty stores from US rival

    Smyths Toys has acquired around 90% of the stores in Continental Europe made vacant by Toys R Us following the company’s demise. The acquisition will take the group’s network to around 200 outlets in Ireland, the UK and, now, the German-speaking market. The deal marks a coup for Smyths Toys in its expansion drive, cementing [...]
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    Apple store bought as partners show faith in French retail

    Hines, the international real estate firm, and German investment company Universal-Investment, have successfully completed the acquisition of 114 Champs-Elysées along with the long-term lease with Apple for approximately €600 million. They acquired the Paris property from independent investment company the EPI Group, on behalf of the Bayerische Versorgungskammer (BVK). The 5,500 sq m retail asset [...]