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
Hammerson sells French mall stake as it looks to future
Hammerson has sold its majority stake in a major Paris shopping complex for £362 million as it pushes on with its turnaround scheme. The shopping centre giant announced that it completed the sale of its 75% stake in the Italie Deux shopping destination in the French capital to AXA Investment Managers for €430 million (£362 [...]
Irish investor acquires German grocery retail portfolio
Greenman OPEN has notarised a deed to acquire five food-anchored retail properties with a combined purchase price of circa €112m, increasing its portfolio value to circa €707m and consolidating its position as Germany’s largest food retailer focused investment fund. The newly acquired assets comprise a portfolio of five Kaufland-anchored properties with a total lettable area [...]
Canadian group launches green bond offer
Ivanhoé Cambridge has announced that the principal holder of its Canadian retail and office portfolio, Ivanhoé Cambridge II Inc, has completed a green bond offering. IC II issued $300 million aggregate principal amount of senior unsecured green bonds maturing on December 12, 2024, with TD Securities Inc and RBC Dominion Securities Inc acting as Joint [...]
No Japan boycott brings Korean shoppers to Europe
The latest insight from Global Blue has revealed that the ‘No Japan’ boycott has impacted Korean tax free spend in Japan by -40% in Q3 2019. This is in contrast to the progression of Korean tax free spend in the UK which was up 9% in Q3 and 12% in Q2. France and Italy saw [...]
UK online book chain goes into administration
Online and pop-up bookseller The Book People has gone into administration only a week before Christmas, putting almost 400 jobs at risk. The Godalming, Surrey-based retailer, which was founded in 1988 by two book enthusiasts, Ted Smart and Seni Glaister, appointed advisers from PricewaterhouseCoopers as administrators on Tuesday. The administrators said there would be no [...]
M&G Real Estate decision: The impact?
Investors shaken by the suspension of withdrawals from a leading UK property fund pulled nearly £100m from similar investments in the subsequent two days. M&G froze withdrawals from its property portfolio fund on Wednesday last week, after it was unable to sell assets fast enough to meet investors’ demands for money. It prompted the biggest [...]
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