Issue 2019 April 9th

    Debenhams on brink of administration as Ashley hits out

    Troubled UK department store chain Debenhams has been taken over by its lenders, wiping out shareholders including Mike Ashley’s Sports Direct and creating a path for store closures. The department store group’s 165 outlets will continue to trade under a pre-pack deal that only affects its listed holding company. In a letter to shareholders posted [...]

    PATRIZIA acquires portfolio of retail properties in Germany

    PATRIZIA Immobilien AG, the global partner for pan-European real estate investment, has acquired a portfolio of 27 retail properties across Germany from Marathon Asset Management for around €100 million on behalf of PATRIZIA Retail Opportunity SCS fund. The deal increases the portfolio of retail assets PATRIZIA manages across Europe to around €8.3bn. The portfolio, which [...]

    Intu confirms new CEO with internal promotion

    intu, the largest owner and manager of prime shopping centres in the UK, has announced the appointment of Matthew Roberts as Chief Executive with effect from Monday 29 April 2019. Roberts will succeed David Fischel who will be standing down from the Board and leaving intu on Friday 26 April 2019. The Board has appointed [...]