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Sonae Sierra records €110m net profit in 2017
Sonae Sierra records €110.0m net profit in 2017

Sonae Sierra has announced that it recorded a net profit of €110m in 2017 (compared €181.2m in 2016). The company's EBIT reached €105m, showing an 8.5% increase over the ...

Russia's Lenta sales up 19% in 2017
Russia's Lenta sales up 19% in 2017

Lenta Ltd, one of the largest retail chains in Russia, has announced that its total sales grew 19.2% to €5.2bn (Rub 365.2bn) in 2017. The company's adjusted EBITDA grew 11.8% ...

AEW acquires Madrid retail centre for €20m (ES)
AEW acquires Madrid retail centre for €20m (ES)

AEW has acquired the Planetocio retail and leisure centre for €20m. The company bought the property from AXIARE.   The centre was built in 2001 and offers 21,000 m² of retail and ...

Savills IM launches successor European retail fund
Savills IM launches successor European retail fund

Savills Investment Management has announced the launch and first closing of its Europe V – Retail Fund. The fund will invest in local shopping centres, retail parks, designer outlet ...

Secure Income REIT acquires €489.5m UK leisure and hotel portfolio
Secure Income REIT acquires €489.5m UK leisure and hotel portfolio

Secure Income REIT has exchanged contracts for the acquisition of two substantial off-market portfolios at a total cost of €489.5m (£436m).   The first portfolio ...

BMO REP acquires prime retail property in Paris (FR)
BMO REP acquires trophy retail property in Paris (FR)

BMO Real Estate Partners (BMO REP), acting on behalf of its pan-European retail property investment fund, has purchased a prime luxury retail property located on rue du Faubourg ...

Klépierre appoints Head of its Italian subsidiary
Klépierre appoints head of its Italian subsidiary

Klépierre has announced the promotion of Gino Antonacci to Head of its Italian subsidiary. Gino Antonacci succeeds Ermanno Niccoli, who wished to pursue a personal entrepreneurial ...

Toys R Us UK goes into administration (GB)
Toys R Us UK goes into administration (GB)

Administrators have been appointed to begin "an orderly wind-down" of the UK's biggest toy retailer following the failure to find a buyer. They said that all 105 Toys R Us stores will remain open ...

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