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Stores, not Web sites, deliver retail profits, speaker says at ICSC European Conference (EU)

Shopping centers have nothing to fear from e-commerce. On the contrary, “It’s a friend,” observed Marcel Kokkeel, CEO of Finnish developer Citycon Oyj, speaking at the ICSC European Conference i ...

Landmark Blue Tower in Brussels sold (BE)

Brussels’ Blue Tower has been sold by Morgan Stanley Real Estate Investment GmbH, advised by Savills and BNP RE, to Belgian REIT Befimmo for €78.5 million in the largest multi-let office deal sinc ...

ICSC Europe announces winners of 2013 European Shopping Centre Awards (EU)

The International Council of Shopping Centers (ICSC) has announced the winners of the 2013 European Shopping Centre Awards. Seven winning shopping centers from seven countries across Europe are in ...

Marks & Spencer returns to the Netherlands with a clicks & bricks strategy (NL)

British retailer, Marks & Spencer (M&S) announced on Tuesday that it will return to the Netherlands with a combined e-commerce and stores ‘clicks & bricks' strategy, in line with its ong ...

CBRE: Global shopping center development grows 15% in 2013

An unprecedented 32 million m² of shopping center space is currently under construction across the world, representing a 15% increase year-on-year (28 million m² in 2012), according to the latest re ...

Savills: Investment in France boosted by retail and serviced properties in Q1 2013 (FR)

According to Savills data €2.5 billion was invested in French commercial real estate in the first quarter of 2013, which is level with the same period in 2012. The international real estate advisor ...

Savills: Netherlands retail investment volumes up 30% in Q1 2013 (NL)

According to Savills latest Netherlands property market report, retail investment in Q1 2013 reached approximately €160 million, representing an increase of 30% on the same period last year, at €1 ...

Tesco quits the US after profit drop (UK/US)

Philip Clarke, Chief Executive: "The announcements made today are natural consequences of the strategic changes we first began over a year ago and which conclude today. With profound and rapid change ...

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