Property

Real estate investor Corio has sold 11 shopping malls for 213 million euro, "27 % below the book value of 30 June 2013". Ten of those are in the Netherlands, the last (and largest) one is in France.

Carrefour has bought 127 shopping malls for some 2 billion euro. These shopping malls in France, Spain and Italy will be put in a separate company, alongside the malls Carrefour already owns.

French hypermarket chain Carrefour is allegedly talking to real estate group Klepierre about the possible purchase of more than 100 shopping malls. This way, the chain hopes to put European hypermarkets back onto the map.

Come next October, British fashion retailer Topshop will have its own shop at Galeries Lafayette in Paris. This time it is a permanent shop, unlike its three week pop-up store in February.

Today Belgian real estate group De Vlier has laid down the foundation stone for its retail park in Asten, near Linz in Austria. It will become the first complex of the group in Central Europe, planned to open in the autumn of 2013, just in time for the holiday shopping.

Real estate specialists CBRE have announced excellent figures for the US, as well as a desire to increase their asset value in France. The American branch was the leader on the US real estate market last year, with 17 billion euro in transactions. While the French branch is far smaller (with 673 million in investments last year), it also receives special attention.