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
The Westfield shopping center in West London is now Europe’s largest after its 68,748 sqm addition was put to use, six months ahead of schedule.
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.
French-Dutch real estate company Unibail-Rodamco, which mainly invests in shopping centers, is happy with its performance in the past fiscal year.
Hudson's Bay is on track in the Netherlands, the company’s marketing director Edo Beukema states after a lot of criticism. He says there is no truth to the rumour the department store chain is planning to leave, but it will adjust its marketing approach and pricing.
Unibail-Rodamco acquired its competitor Westfield for 14 billion euro and will gain control over 35 shopping center (33 in the United States). The resulting company will become the world’s largest real estate company.