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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Food is quickly become a shopping center's most attractive customer proposition. Successful shopping centers have a larger share of food-oriented stores, a medical cluster, multicultural shopping formulas and a link to online orders thanks to a pick-up point.
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Retail real estate firm Wereldhave managed to sizeably increase its profit in 2015. Net profit nearly quadrupled, partially because of higher rental income, while its occupancy rate also increased.
Alternate, online retailer and supplier for several Benelux web shops, will increase its distribution capabilities for Belgium and Netherlands as it starts the construction on a 17,500 sqm lot in the Dutch city of Tholen.
Scandinavian furniture and interior design chain JYSK has broken all records in its broken fiscal year 2014-2015: the group managed a 2.9 billion euro turnover with a EBIT profit of 414 million euro, which is a 17 million euro improvement over last year.
CBRE Dutch Retail Fund has sold 33 Dutch stores, totaling 23,300 sqm. Parts were sold to French Sofidy, while Royal Properties Group (located in Brussels) acquired the remaining part.
British designer outlet manager McArthurGlen intends to expand with another 8 outlet centers over the next 4 years, including The Loop at Flanders Expo in Ghent.
With an average 33,812 euro per square meter, Upper 5th Avenue in New York is the world's most expensive shopping street. The Champs-Elysées is Europe's most expensive shopping street, narrowly beating Bond Street in London.
German online retailer Zalando has divulged its plans to open a new main office in Berlin in 2018. The new office will have 7 floors and 100,000 square meters of office space.
Fashion chain Lief! Lifestyle will head to Germany where it will open a first "concept store" in Berlin on 6 November. The store's idea mainly comes from a concept store in Sliedrecht, located in the Netherlands.
Vastned, a listed European real estate group focusing on prime shopping locations, has acquired 2 neighbouring stores in the heart of Paris for 16.2 million euro.
Online giant Zalando will start construction on a new distribution centre next month, costing no less than 100 million euro. The site is located at a former military airport in Lahr, close to the French city of Strasbourg.
Even though Nike's new logistics centre in Belgian Ham will not open until mid-2016, the sports giant has already decided to expand the facility. It wants to use the centre to distribute its shoes all across Europe and parts of Asia.
Retail real estate specialist Redevco and Ares Management have announced a joint venture called Redevco Iberian Ventures, which will invest in shopping malls, retail parks and stores across Spain and Portugal.
The worldwide merger between Cushman & Wakefield and DTZ has been completed successfully and the new company, known as Cushman & Wakefield, is one the world's three largest real estate giants.
French real estate company Klépierre, which recently acquired Dutch Corio, has managed a higher turnover in the first six months of 2015 compared to the first six months of 2014, leading to a higher profit per share forecast.