Issue 2020 January 28th

    ECE moves into Spain as intu continues divestment plan

    The ECE European Prime Shopping Centre Fund II has purchased the intu Asturias shopping centre in Oviedo. As a result, ECE Fund II is now fully invested. It is the first property in Spain for the ECE shopping centre funds. The seller is a joint venture company through affiliates of intu properties plc and Canada [...]

    Off-market deal for AEW for luxury retail in Barcelona

    AEW has announced the off-market acquisition of a prime retail asset on Passeig de Gracia 89, directly opposite the iconic La Pedrera (Casa Mila), in the heart of Barcelona’s main luxury shopping district. The deal was made on behalf of AEW Europe City Retail Fund from a private vendor. The property, which has a total [...]

    UK investment partnership formed to repurpose department stores

    Quadrant, the UK real estate asset management and development company, and Eccleston Capital are launching the first single-purpose venture aimed at repurposing redundant department stores and other large retail units across the UK. The new venture – Quadrant Repurpose – will identify assets which have the potential for transformation into other uses including residential, [...]

    Deadly Chinese virus set to hit international retail sales

    As the deadly coronavirus spreads in China, the world’s luxury industry could see sales impacted by fewer Chinese shoppers travelling abroad. The talk of potential travel restrictions come at a time when luxury retailers would typically be expecting a windfall in sales to Chinese shoppers, with major national holiday Chinese New Year just days away. [...]