Property

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.

Retail parks prove popular with shoppers and retailers alike

Retail parks' appeal continues to grow, both with retailers and shoppers all across Europe. Relatively low costs and easy accessibility are important drivers of growth. The mixture of rental parties is also evolving.

Delhaize attraction at new Schengen shopping center

Work is ongoing at Schengen in Luxembourg, to create a new shopping center which should open its doors in the summer of 2017. The main attraction will be a 3,500 sqm flagship store for Delhaize.

Chinese shopping center is world's largest building

While we fear our shopping centers are too large, filled with vacant lots, China goes for big. The New Century Global Centre shopping centre in Chengdu is the world's largest building in the world.

Hudson's Bay expands to 10 Dutch stores

Canadian Hudson's Bay announced it will open new stores in another seven Dutch cities: Amersfoort, Den Bosch, Enschede, Haarlem, Leiden, The Hague and Zwolle, meaning the chain has reached agreements for ten Dutch stores in total.

eCommerce slows down international retail expansion

Retailers are still looking for growth across borders, with Asia a particular interest to many. Nevertheless, high eCommerce investments have slowed down the international expansion, according to real estate consultant CBRE's "How Global is the Business of Retail?"'s report.

French luxury stores can open their doors on Sunday

Luxury brands can now open on Sunday in France, although it is only possible in several tourist areas. They will now be able to open their doors on Sunday 26 times every year.

Redevco Iberian Ventures buys 6 of Bogaris' retail parks

The Iberian joint venture of Redevco and Ares Management, called Redevco Iberian Ventures, has acquired 6 of Bogaris' retail parks for 95 million euro. Put together, the parks have 85,000 sqm of retail space.

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