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St. Modwen agrees sale of 27% of UK retail portfolio
St. Modwen agrees sale of 27% of UK retail portfolio

St. Modwen has agreed the disposal of two retail assets in Longbridge, Birmingham and Wembley, London via two separate transactions. The two assets made up 27% of the company’s retail property ...

Thor Equities and Meyer Bergman sell Burlington Arcade for €339.8m (GB)
Thor Equities and Meyer Bergman sell Burlington Arcade for €339.8m (GB)

Thor Equities and Meyer Bergman have exchanged contracts on the sale of London’s iconic Burlington Arcade in London to a private investor for €339.8m ...

Portus Retail acquires Docks Bruxsel shopping district (BE)
Portus Retail acquires Docks Bruxsel shopping district (BE)

Portus Retail has acquired the "Docks Bruxsel" Shopping District from a Canadian investor. The Docks Bruxsel “Shopping District”, inaugurated in October 2016, covers 42,000 m² ...

House of Fraser to close stores in restructuring plan (GB)
House of Fraser confirms CVA (GB)

House of Fraser, the UK and Ireland’s premium department store group, has confirmed that its parent company, Nanjing Cenbest, has announced that international retailer C.banner has entered into ...

Agore Kiinteistöt acquires two Finnish shopping centres
Agore Kiinteistöt acquires two Finnish shopping centres from Barings (FI)

Agore Kiinteistöt has purchased two Finnish shopping centres (Revontuli in Rovaniemi and Galleria in Lappeenranta) from a fund advised by Barings Real Estate. The properties compromise a ...

The Crown Estate relaunches Princes Arcade (GB)
The Crown Estate relaunches Princes Arcade (GB)

  Princes Arcade, the one-of-a-kind shopping arcade in the heart of St James’s, has been relaunched following a complete refurbishment to offer modern retail boutiques for outstanding ...

Kennedy Wilson acquires prime mixed-use property in Cork for €87.5m (IE)
Kennedy Wilson acquires prime mixed-use property in Cork for €87.5m (IE)

Global real estate investment company Kennedy Wilson has acquired The Elysian in Cork, Ireland for €87.5m from real estate funds managed by Blackstone.   The acquisition comprises ...

Sainsbury's and Asda agree on €15.1bn merger (GB)
Sainsbury's and Asda agree €15.1bn merger (GB)

J Sainsbury plc and Walmart Inc have agreed terms in relation to a proposed combination of Sainsbury's and Asda Group Limited, a wholly owned subsidiary of Walmart, to create an enlarged ...

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