Acquisition Archives - Page 3 of 5

G City Europe completes purchase in Prague

April 28, 2023

G City Europe Limited, has completed the purchase of a remaining 25% stake in the Arkady Pankrac Shopping Center in Prague, Czech Republic for a consideration of 60.5 million Euro.

Evolve Estates acquires dominant Aberystwyth retail park

April 25, 2023

Evolve Estates, which is part of M Core, has acquired an out-of-town retail park in Aberystwyth.

LCP acquires Bromley retail parade

April 19, 2023

LCP has acquired a row of shops in Bromley High Street as it continues its investment drive in the retail sector.

M Core acquires Cambridge suburb retail parade

April 17, 2023

M Core has added to its retail portfolio with the acquisition of a new retail parade in the Cambridge suburb of Bar Hill.

Four retail properties sold in portfolio transaction, with Avison Young representing the seller

April 14, 2023

Avison Young represented a global investment manager in the sale of a portfolio of four retail facilities in Poland.

British Land makes further strategic progress in Retail Parks with over 137 million Euro of gross capital activity

March 21, 2023

British Land announced that since the half year results in November, it has completed on the acquisition of three high quality retail parks for a total of 107 million Euro and sold its 50% stake in a retail park in Preston for 34 million Euro.

LCP GROUP ACQUIRES TROWBRIDGE SHOPPING CENTER

January 25, 2023

LCP Group, one of the UK’s leading commercial property and investment companies, has acquired a dominant town center shopping center in Wiltshire, England.

Focus Estate Fund acquired polish shopping center Ferio Legnica

January 19, 2023

Focus Estate Fund is expanding its operations in Poland with the acquisition of the Ferio Legnica, a Shopping Centre in the city of Legnica in southwestern Poland, from Austrian Raiffeisen Bank International. The center comes with a leasable area (GLA) of approximately 13,200 sq m, including retail space of 11,965 sq m and a footfall of approximately 2 million a year.

UNION INVESTMENT’S REAL ESTATE BUSINESS SEES STEADY GROWTH IN 2022 EVEN AFTER INTEREST RATE HIKES

January 13, 2023

Union Investment has used the capital resources of its real estate funds to continue investing in portfolio diversification and profitability in the past year. In 2022, Union Investment generated net capital inflows of 3.3 billion euros across its retail and special funds.

KGAL’S NEIGHBORHOOD QUARTER “PERLACH PLAZA” IN MUNICH, GERMANY, GETS OFF TO A FLYING START

January 13, 2023

In August 2020, KGAL Investment Management acquired “Perlach Plaza” as a forward deal from project developers CONCRETE and BHB Bauträger GmbH Bayern, for a total investment cost of around 250 million euros on behalf of three institutional investors.

REDOS GROUP ACQUIRES MARIENDORFER DAMM SHOPPING CENTER, GERMANY

January 13, 2023

The redos Group has acquired the “Mariendorfer Damm” commercial center in Berlin’s Tempelhof district. The property was acquired as part of an asset deal for Union Investment’s special Alternative Investment Fund (AIF) called “Redos Einzelhandel Deutschland III”.

MULTI CORPORATION ACQUIRES BURGER KING LOCATION IN ZUIDPLEIN SHOPPING CENTER ROTTERDAM, THE NETHERLANDS

January 12, 2023

Multi Corporation has announced the acquisition of a Burger King restaurant in Rotterdam, the Netherlands, which was bought from a private investor. This marks Multi’s fourth retail acquisition since the management buy-out in March last year. Multi was advised by Dutch Properties Group.

EVOLVE ESTATES ADDS NEW DEVELOPMENTS TO ITS RETAIL PORTFOLIO

January 11, 2023

Evolve Estates has kicked off 2023 with the acquisition of a retail and leisure development and a town center precinct.

UNION INVESTMENT ACQUIRES REPURPOSED PROPERTY IN NÜRTINGEN, GERMANY

December 16, 2022

Union Investment has acquired the Nürtinger Tor development project via a forward funding deal. The building in the heart of Nürtingen dates back to 1971. Currently known as the Nanz Center, it is being converted into a mixed-use shopping and amenity center. Completion is scheduled for the second half of 2023.

UNION INVESTMENT ACQUIRES HYPERMARKET IN LISBON, PORTUGAL’S LARGEST SHOPPING CENTER

December 12, 2022

Union Investment has acquired the Continente Colombo hypermarket operated by food retailer Sonae MC in the Portuguese capital, Lisbon. The hypermarket possesses an extensive foyer featuring various service, retail, and restaurant units and covers a total area of 23,445 sq m.

CAPTIVA ACQUIRES LURUP CENTER IN HAMBURG, GERMANY FROM CBRE INVESTMENT MANAGEMENT

December 6, 2022

The investment and asset manager Captiva, together with KVG Universal Investment, have acquired the established local shopping center Lurup Center in the west of Hamburg from CBRE Investment Management.

REDOS GROUP ACQUIRES RETAIL PARK “SÜDRING CENTER RANGSDORF” NEAR BERLIN, GERMANY

November 23, 2022

The redos Group, an investor, asset and fund manager specializing in large-scale retail properties, has acquired the “Südring Center Rangsdorf” retail park in Rangsdorf near Berlin as part of an asset deal.

EVOLVE ESTATES ACQUIRES IPSWICH CITY CENTER SHOPS, ENGLAND

November 21, 2022

Evolve Estates, the English-national commercial property and investment company has acquired a city center retail portfolio in Ipswich, marking its eleventh significant acquisition this year.

MEC MANAGES A FURTHER FACILITY: KUHN-CENTER LINDEN, GERMANY

October 19, 2022

The next acquisition success for MEC: The retail real estate specialist and national market leader for the management of retail parks has received a new mandate for the Kuhn-Center Linden as of September 24, 2022.

ImRaum Immobilien and ROS Retail Outlet Shopping take over Designer Outlet Luxembourg

October 3, 2022

The Austrians, ImRaum Immobilien and ROS Retail Outlet Shopping, cooperate on Designer Outlet Luxemburg, the premium outlet village located in Messancy, Belgium, at the crossroads of Luxembourg, France and close to Germany.

MEAG ACQUIRES SEVEN CONVENIENCE CENTERS OWNED BY MOLENTO FROM TREI

September 29, 2022

Trei Real Estate just sold a portfolio of seven convenience centres, which the company manages on behalf of the Molento family office, to MEAG. MEAG will add the properties to an institutional property fund. The properties are located in Bad Camberg (the Rhine-Main region), Hanover, Heidelberg, Mainz, Ruhpolding (Upper Bavaria), Weilersbach (Upper Franconia) and Zornheim (Rhine-Main region).

MULTI CORPORATION CELEBRATES ITS 40TH ANNIVERSARY WITH AN ADDITIONAL €1.3 BILLION

September 27, 2022

Multi Corporation celebrates its 40th anniversary with an additional €1.3 billion worth of new assets under management in the last twelve months. The bulk of the additional management contracts relate to retail assets, whilst the new assignments also comprise of other asset classes such as offices and hotels. Multi now has over €5 billion of AUM.

IMMOFINANZ STRENGTHENS ITS MARKET POSITION IN EUROPE WITH THE ACQUISITION OF A RETAIL PORTFOLIO FROM CPIPG

September 20, 2022

As part of its growth strategy with a focus on high-return properties, IMMOFINANZ is acquiring 53 retail properties in the Czech Republic, Poland, Slovakia and Hungary from its majority shareholder CPI Property Group (CPIPG).

BIG Shopping Centers Israel acquires two shopping centers in Poland

August 16, 2022

It is the first acquisition for BIG in Poland, with an investment of approximately 65 million Euro. Hay Galis, CEO of BIG, notes that these two acquisitions support company’s growth plans to become a dominant player in the Retail Park sector in Poland.

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Acquisition