divestment Archives

ECE Real Estate Partners sell Haid-Center Linz

May 13, 2022

ECE Real Estate Partners have successfully sold Haid-Center Linz to institutional investors in a 130€ million transaction.

TRISTAN SELLS BORDEAUX HYPERMARKET ASSET FOR €35 million

February 22, 2022

CCP 5 LL, the Core-Plus Fund managed by Tristan Capital Partners, has sold a 17,700 sq m Casino Hypermarket asset located in Pessac in the French city of Bordeaux for c. €35 million.

Citycon sells two non-core shopping centers in Norway for €145.4 million

February 17, 2022

Citycon has signed an agreement to sell two non-core shopping centers in Norway for approximately €145.4 million. According to the agreement, Citycon will divest Buskerud center to Aurora Eiendom AS and Magasinet center to Oslo Opportunity II AS and Vedal Investor AS. The transaction is estimated to close during Q1/2022.

Mitiska REIM sells Polish retail park to AB Tewox

February 16, 2022

Mitiska REIM has completed the sale of Retail Park Mlyn in Wroclaw to AB Tewox. The retail park was originally acquired in July 2015 on behalf of the First Retail International fund (FRI).

Revetas Capital disposes of Vitantis Shopping Center

February 4, 2022

Revetas Capital announces the disposal of Vitantis Shopping Center in Bucharest to Praktiker Real Estate Romania.

Ampega and Hahn Group acquire Krohnstieg Center in Hamburg

January 18, 2022

As strategic partner, the Hahn Group has accompanied the acquisition of the Krohnstieg Center by a special fund affiliated with Ampega Investment GmbH. The seller of the property is Hamburg-based HBB, with iMallinvest Europe GmbH acting as the transaction advisor.

Altera sells Utrecht retail park to abrdn

January 14, 2022

Altera Vastgoed sold its property on Kaap de Goede Hooplaan in Utrecht to an abrdn fund.

Klépierre sells two retail assets for €345 million

December 21, 2021

Klépierre closed the disposals of the two retail assets Boulevard Berlin and a retail park in Bordeaux.

Hammerson sells Silverburn shopping center to Henderson Park

December 20, 2021

Hammerson announced it has completed sales of six non-core assets for total gross cash proceeds of ~ €107.7m since the half year. The largest constituent is the exchange an unconditional contract for the sale of Silverburn, a 100,000 sq m shopping center near Glasgow.

Focus Estate Fund has closed the deal on the sale of its Czech portfolio

December 9, 2021

Focus Estate Fund has finalized the deal on the sale of two of its retail properties in Czech Republic to DRFG investment group: Centro Ostrava Retail Park (GLA 7, 699 sq m) in Ostrava and Most Retail Park (GLA 6, 471 sq m) in Most. The Fund acquired these assets in 2016 and 2017, respectively.

Titanium acquires Ozols shopping center in Riga

December 7, 2021

The asset was exited by KS Holding to Titanium Baltic Real Estate. The former shopping center Galerija Azur was acquired by the seller in 2016 and redeveloped over three years, then opened under the new name Ozols.

Revcap sells six Metro stores to MiDEAL Real Estate Funds

December 3, 2021

Revcap has sold six Metro stores with a total leasable area of ca. 130,000 sq m to Israeli fund manager MiDEAL Real Estate Funds.

CBRE sells BIG Shopping Park in Copenhagen to M&G

December 3, 2021

CBRE Investment Management, on behalf of the European Co-Investment Fund (ECF), has sold BIG Shopping Park in Copenhagen, owned in a joint venture with Portus Retail Partners to M&G Real Estate–part of M&G plc’s £65 billion private assets and alternatives business. The sale represents one of the largest European single-asset retail transactions.

Bradford AM buys retail park in France for €35.5 million from Commerz Real

December 1, 2021

Commerz Real has sold the Orange les Vignes retail park in southern France to Bradford Asset Management for €35.5 million for its RPCI fund. It had been in the portfolio of the Hausinvest open-ended real estate fund since its completion in 2010.

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