PLANS OF INVESTORS AND OWNERS
Hammerson announced it has completed sales of six non-core assets for total gross cash proceeds of ~ €107.7m since the half year. The largest constituent is the exchange an unconditional contract for the sale of Silverburn, a 100,000 sq m shopping center near Glasgow.
Altera Vastgoed NV has purchased the Brouwhorst neighbourhood shopping center in Helmond. The object is an open-air convenience center servicing the local community and was built in 1987. It consists of six blocks and was partially renovated in 2015.
Futureal Investment Partners has acquired the Galeria Bemowo shopping centrr in Warsaw. The acquisition is the company’s third, following the Manhattan Shopping Center in Gdansk and Wratislavia Tower in Wroclaw.
Axis Retail Partners, in partnership with Generali, have exchanged contracts to buy St Georges Shopping Centre off market at a NIY of 8.3% from RDI REIT on behalf of pension fund clients of LaSalle Global Partner Solutions.
Eurocommercial Properties NV (Eurocommercial) has sold Chasse Sud, its hypermarket anchored retail park at Chasse-sur-Rhône in France to TwentyTwo Real Estate, a European real estate investment and management firm.
Union Investment has acquired the Fountains of Boynton shopping center in Florida. The complex, which consists of five buildings, is located in Boynton Beach, a centrally located suburban community in northern Palm Beach County, about 30 kilometers south of West Palm Beach International Airport.
The asset was exited by KS Holding to Titanium Baltic Real Estate. The former shopping center Galerija Azur was acquired by the seller in 2016 and redeveloped over three years, then opened under the new name Ozols.
FCR Immobilien AG has acquired a shopping center in Eisenach, Thuringia, with a sales area of approximately 26,000 sq m as part of the continuous expansion of its portfolio.
MPC Properties acquired Delta City shopping center (open since 2007), expanding its portfolio to five regional retail assets with the latest, BEO Shopping Center opening in June 2020.
Deutsche Fachmarkt AG (Defama) has purchased two properties in North Rhine-Westphalia: a retail park near Dortmund and a REWE store in Cologne-Rondorf.
Commerz Real has sold the Orange les Vignes retail park in southern France to Bradford Asset Management for €35.5 million for its RPCI fund. It had been in the portfolio of the Hausinvest open-ended real estate fund since its completion in 2010.
Evolve Estates Ltd has added a new retail parade to its portfolio through acquiring Parkway Shopping Center in Middlesbrough.
Ingka Centers revealed plans for a major new IKEA anchored mixed-use development in Gurugram, a city southwest of New Delhi, in the state of Haryana.
LCP has added a Darlington (UK) retail park to its portfolio, situated on St Cuthberts Way ring road, which is close to the town center, for £1.8 million.
Supermarket Income REIT has acquired a Sainsbury’s supermarket in Swansea, South Wales, and a Tesco supermarket in Maidstone, Kent, from Argo Real Estate Limited for a total purchase price of £73m.
HIH Invest Real Estate acquired the mixed-use retail center Deli in Duisburg, Germany. The property, which has been in business for more than 20 years in the city’s Rheinhausen district, has a total lettable area of about 18,700 sq m along with 568 car parking spots.
Patron Capital and Trei Real Estate have formed a new 75:25 joint venture to develop and hold retail parks in Poland under the Vendo Park brand. The partners plan to invest approximately €140 million over the next three to five years, with an initial target of between 15 and 20 Vendo Parks in regional Polish cities.
LCP has acquired another retail parade, adding a shopping center in Solihull, in the West Midlands in England, to its burgeoning portfolio.
The acquisition of 5 supermarkets operated by leading operators Aldi, Rewe and Netto is part of Sonae Sierra’s strategy of growing its European investment management business.
The investment supports the transformation of Ingka Group’s retail business, bringing IKEA closer to customers by opening new store formats in city locations, in response to increasing urbanization and new shopping behaviors.
