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Property

Rive Gauche sold to CBRE Global Investors after excellent year

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 owner for Dockx Bruxsel shopping center

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.

Mitiska Reim acquires third German retail park

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.

Extension makes Westfield Europe's largest shopping centre

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 targets Toys 'R' Us stores

Amazon is apparently interested in several of bankrupt Toys ‘R’ Us’ stores, because their locations and stores would fit Amazon’s own retail formulas.

Banimmo sells French retail real estate division

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.

Real estate firm Unibail-Rodamco happy with fiscal year

French-Dutch real estate company Unibail-Rodamco, which mainly invests in shopping centers, is happy with its performance in the past fiscal year. It managed growth in every region.

 

Hudson's Bay defends itself and adds cheaper brands

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 acquires competitor Westfield

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.  

Mitiska REIM announces two new retail parks in Romania

Mitiska REIM has announced the opening of two new retail parks in Romania. The new additions consolidate Mitiska REIM’s position as the leading retail park investor in Romania, with 21 sites across the country.

Mitiska Reim buys its first French retail park

Belgian real estate firm Mitiska Reim will enter the French retail market with its recent acquisition of a retail park near Caen. It has been an eventful year so far, with acquisitions in Germany, Romania and Spain as well. 

Delhaize is highlight of new shopping center in Luxembourg

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.

Mitiska Reim acquires its first German retail park

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.

European retail rental prices continue to soar

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 acquires 11 Romanian retail parks

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.

Raad van State suspends Uplace's environmental permit

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.

Redevco buys new store location in Paris

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.

Rental price for top shopping streets drops

Rental prices in the world's two most expensive shopping streets have dropped due to the growth of online shopping, leaving retail chains and real estate agents in a real pickle on how to deal with this new reality.

Major Benelux cities are important step in international brands' expansion strategy

International brands use major Benelux cities as an important stepping stone in their European expansion strategy, a new study says. Many major brands schedule openings in the Benelux immediately after hubs like Paris and London, mainly thanks to its central location.