Investment Archives

“GO INTO THE MARKET AND BUY NOW”

Well deserved honor: Rüdiger Dany, CEO of NEPI Rockcastle, received the lifetime achievement award at the prestigious 19th SEE Property Awards. This prize recognizes and celebrates Rüdiger Dany’s incredible 30-year career and his invaluable contribution to the real estate industry. In 2024, he continued to write his personal success story and that of NEPI Rockcastle. Probably no other company performed as well as NEPI in 2024. Reason enough to talk to Rüdiger Dany about the highlights of his company as well as current developments and challenges.

Redevco Acquires 630-Million-Euro UK Retail Park Portfolio from Oxford Properties

Redevco completes the acquisition of a portfolio of 16 retail parks across the UK for 630 million euros.

NEPI ROCKCASTLE ACQUIRES SILESIA CITY CENTER MALL IN KATOWICE, POLAND

NEPI Rockcastle has acquired the Silesia City Center mall in Katowice, in the Silesia province of southern Poland for €405 million, in one of the largest shopping center transactions in Central and Eastern Europe (CEE) in recent years.

NEPI Rockcastle Achieves A 300-Million Euro Equity Raise

NEPI Rockcastle successfully achieved a 300-million euro equity raise completed through an accelerated bookbuild.

“CREATING PLACES WHERE PEOPLE ENJOY MEMORABLE MOMENTS TOGETHER – THAT IS THE UNDERLYING PRINCIPLE FOR ALL CHANGE AND INNOVATION.”

NEPI Rockcastle’s strong net operating income (NOI) growth of 13.5% in the first half of 2024 allowed the company to raise its forecast for full-year distributable earnings per share. Justyna Bartosz, the Group’s Head of Leasing, explains what makes the CEE’s retail and consumer world tick and why it is that NEPI Rockcastle and its tenants can’t pay enough attention to the buzzwords: experience, community building, and authenticity.

BIG CEE Acquires Promenada Shopping Mall In Serbia

The acquisition of the leading shopping mall in Novi Sad for 177 million euros by BIG CEE marked Serbia´s largest retail transaction ever. Promenada, one of the strongest malls in the country, features many international brands, a 100% occupancy rate, and more than 10 million visitors annually.

Richemont Sells Its YNAP Online Fashion Business

After the collapse of a previous deal last year, the Swiss luxury goods group Richemont has found in Mytheresa a new buyer for its online fashion and accessories business Yoox-Net-a-Porter (YNAP).

NEPI Rockcastle Acquires Magnolia Park Shopping Center In Poland From Union Investment For 373 Million Euros

NEPI Rockcastle has acquired the 100,000 sq m Magnolia Park shopping center in Wroclaw, Poland, from Union Investment in an off-market transaction. The sale price amounts to 373 million euros. Union Investment acquired Magnolia Park in 2017 for the portfolio of the open-ended real estate fund UniImmo: Europa.

Unibail-Rodamco-Westfield Pursues Its Deleveraging Progress With The Sale Of Pasing Arcaden In Munich

URW has agreed to sell Pasing Arcaden, a 46,300 sq m shopping center and c. 7,000 sq m of offices and residential, to Ingka Centres, for a net disposal price of 388 million euros.

Around Half Of The Body Shop Stores In Germany Will Be Saved

Entrepreneur Stefan Herzberg will take over 21 of the former 45 German branches with immediate effect.

Deichmann Is Interested In Esprit´s Trademark Rights

Deichmann is interested in Esprit’s shoe brand rights, a company spokesperson said on Monday, explaining that “the offer relates exclusively to brand rights and not to operational shares in the company.”

The Breuninger Department Store Chain Is Up For Sale

Several companies have expressed interest in Breuninger, including both financial investors and retail companies. On the basis of an enterprise value, the Breuninger Group could be sold for approximately 2.5 billion euros.

Investment Group DRFG Acquires Developer TriGranit

The investment group DRFG’s portfolio is expanding with an important addition: the acquisition of one of the largest privately-owned real estate development platforms in Central Europe, TriGranit.

Union Investment Takes Over 25hours Hotel Paper Island In Copenhagen

The 25hours Hotel Paper Island in Copenhagen has been completed and transferred to Union Investment’s portfolio.

Union Investment Sells Retail Park In Hamburg To LHI Group

Union Investment has sold a retail park in Eidelstedt, Hamburg to the LHI Group. The property at Hörgensweg 5 in north-west Hamburg was added to the portfolio of institutional open-ended real estate fund UniInstitutional European Real Estate in 2007, making it one of the oldest holdings in the fund.

Central Group Completes The Acquisition Of KaDeWe

Following the buyout of the remaining Signa shares, the Central Group is now the sole owner of the KaDeWe in Berlin, Germany.

Kintyre And Angelo Gordon Acquire Berlin´s Kant Center

Kintyre has acquired the Kant Center in Berlin Charlottenburg together with its long-standing partner TPG Angelo Gordon. The property was acquired by Credit Suisse Real Estate Fund International as part of an asset deal initiated by CBRE.

Central Group Takes Over KaDeWe From Signa Group In Berlin

The deal between the insolvent Signa Prime and the Thai Central Group was sealed this week, according to informations obtained by “profil”. The transaction volume is expected to be over 1.2 billion euros.

Multi Has Bought A Majority Stake In UK Specialist Retail Asset And Property Manager Realm

The acquisition signals the return of Multi Corporation to the United Kingdom where it had a significant presence between 2001 and 2021 having developed or managed major retail destinations across the country including the Southgate Centre in Bath, Victoria Square in Belfast, and Glasgow’s St Enoch center. In addition, Multi will also enter Denmark through this investment.

Kering makes the largest transaction ever for a property in Italy

The property is located at Monte Napoleone 8 in the heart of the historic center of Milan.

ACROSS RETAIL TALK: INVESTORS’ VIEW ON THE PLACEMAKING INDUSTRY – “The window for opportunities is wide open”

“The money is there but is selective” – There are and will always be investments in retail real estate. Investing in retail real estate is particularly attractive since the industry has come through the crisis faster than other asset classes. In the latest ACROSS Retail Talk, “Euphoria, a new dawn, or more of the same?” sheds light on the investor’s perspective for 2024, a high-caliber panel concluded: There are more opportunities than ever, not only in the CEE-market, but also in so called struggling markets like Germany and Spain.

Union Investment Is Selling “Fünf Höfe” In Munich

According to the German Süddeutsche Zeitung, Union Investment wants to sell the shopping arcade “Fünf Höfe” in Munich´s old town center to one of Germany’s richest families. The purchase price is expected to be just under 800 million euros.

Universal Real Estate Survey: Germany’s institutional investors are looking to expand their real estate portfolios on a global scale

Institutional investors in Germany are facing a significant shift in their real estate investment strategies, as revealed in the twelfth annual survey by Universal Investment. The survey among German institutional investors sheds light on the evolving landscape of real estate allocations and investor preferences, indicating a strong appetite for diversification beyond national borders and a growing recognition of the role of real estate as a hedge against inflation.

PUIG to prepare for IPO

The stock market debut is expected to take place before the summer.

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