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
Shopping center Borders has just opened its doors, right near Schengen. The largest Delhaize store in the Grand Duchy of Luxembourg is its major attraction and should house about two dozen retailers in the near future.
Belgian real estate firm Mitiska Reim bought a retail park in the German city of Mönchengladbach. It was a collaboration with Luxembourg Investment Group and the group’s first German acquisition.
A recent study from research firm CBRE shows that rental prices for Europe’s most expensive retail locations are still on the rise. It is the only region that still experiences growth for retail real estate.
Mitiska REIM has acquired Romanian Alpha Property Development’s portfolio of eleven profitable retail parks and three development projects. The Belgian real estate firm is now the market leader in Romania.
Uplace will have to put its construction plans for Machelen on hold once again because the Raad van State just suspended the environmental permit the Flemish government had approved.
Real estate firm Redevco bought a store location, including stores like Tiffany & Co and Glasshütte, in the Rue de la Paix in Paris from Savills Investment Management. Neither party wished to disclose the fee for the acquisition.