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Tenants return to Garden Ring following the summer reconstruction (RU)
Tenants return to Garden Ring, Moscow, following the summer reconstruction (RU)

JLL analysts estimated the vacancy rate in the main Moscow high streets at 9.0% in Q4 2017, 0.6ppt below the level a year earlier. Petrovka Street and the Garden Ring were the leaders in improving ...

Galeries Lafayette to turn 22 French stores into franchises (FR)
Galeries Lafayette to turn 22 French stores into franchises (FR)

Galeries Lafayette has announced its intention to subsidiaries 22 of the department stores in its French network, principally located in small and medium-sized cities, to Financiere Immobiliere ...

MQ builds first modular hotel atop shopping centre (DE)
MQ Real Estate to build the world's first modular hotel on top of Berlin shopping center (DE)

The hotel developer MQ Real Estate will construct the world's first modular hotel on top of a shopping centre in Berlin. For this, a new story containing a hotel will be added to Ring-Center 2 ...

Klépierre sells two Carrefour-anchored retail properties for €212.2m
Klépierre sells two Carrefour-anchored retail units for €212.2m

Klépierre has signed an agreement for the sale of two retail malls for a total consideration of €212.2m (including transfer duties) to Carmila.   The first ...

Ares - Redevco JV acquires 70% stake in Parque Corredor for €140m (ES)
Redevco JV acquires majority stake in Parque Corredor shopping center for €140m (ES)

Redevco Iberian Ventures, the joint venture between real estate funds managed by global alternative asset manager Ares Management, L.P. and pan-European retail real estate investment ...

Internos acquires strategic German retail portfolio
Internos acquires strategic German logistics portfolio

INTERNOS Global Investors has purchased five retail assets in Germany on behalf of the SCPI NOVAPIERRE Allemagne Fund, which is managed by PAREF Gestion. The vendor, May & Porth Group ...

Hammerson disposes of Battery Retail Park for €65.8m (GB)
Hammerson disposes of Battery Retail Park for €65.8m (GB)

Hammerson has exchanged contracts for the sale of Battery Retail Park, Birmingham, to NFU Mutual for €65.8m (£57.5m). The sale price represents a net initial yield of 6% and is ...

Deka Immobilien acquires Mistral retail portfolio
Deka Immobilien acquires Mistral retail portfolio

Deka Immobilien has acquired the “Mistral portfolio” containing 16 retail properties. The clothing retailer Zara España S.A. sold the properties under a sale-and-leaseback ...

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