Cushman & Wakefield has been designated as manager of the Frunparks in Izegem and Auvelais. The property & asset management division now manages 235,000 sqm of retail parks. In total, both Frunparks span an area of 35,000 sqm full of stores, like Blokker, Casa and Intermaché. Frunparks are a concept of Groep De Vlier.
Cushman & Wakefield gets hold of 2 Frunparks
Charleroi’s shopping center Rive Gauche has done very well last year and will now get a new owner. It attracted 650,000 visitors a month last year, becoming the second most popular shopping center in Belgium.
Canadian investor, Alberta Investment Management Corporation, paid about 300 million euro for Docks Bruxsel, a shopping center in Brussels. Developer Equilis had been looking for a buyer as soon as it completed the project in 2016.
Six months after entering the German market, Mitiska Reim is announcing the acquisition of a third German retail park. The Belgian retail investor has partnered with Zamberk Real Estate Ventures to renovate and manage a retail park in Braunschweig.
The Westfield shopping centre in West London is now Europe’s largest, after its 68,748 sqm addition was put to use six months ahead of schedule. The extension cost about 600 million pounds (some 700 million euro).
Amazon is apparently interested in several of bankrupt Toys ‘R’ Us’ stores, because their locations and stores would fit Amazon’s own retail formulas.
Belgian listed real estate developer Banimmo sold its French subsidiary, which specialized in retail real estate transformation. It has been sold to help lower the parent company’s debt.