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Hines acquires prime retail asset in Madrid for €39.5m (ES)
barcelona

Hines has acquired a prime retail asset in Madrid from Spanish real estate company Grupo Baraka for €39.5m.   The Gran Via 44 property comprises 900m² and is located on Gran Via, ...

Hammerson to acquire Grand Central, Birmingham, for €441m (UK)
grand central

Hammerson plc (Hammerson) has exchanged contracts with Birmingham City Council to acquire the new Grand Central shopping centre in Birmingham for £335m (€441m). Hammerson is in advanced ...

Ireland’s largest shopping centre to come to market in excess of €1 billion(IE)
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Green Property Group are to sell Blanchardstown Centre, Ireland’s largest shopping and leisure destination.  The asset will be formally released to the market by joint agents, JLL and ...

Vacancy rates in Moscow shopping centres grow as retail sales decline (RU)
shopping centre image

According to JLL, vacancy rates on the Moscow retail market has reached 8.3%, increasing by .8 pp. in Q4 2015 and by 2.3 pp. year-on-year respectively. The availability has increased due to high ...

Kaufhaus des Westens to be renovated by OMA (DE)
oma model image thumb

OMA has been selected to renovate the historic Berlin department store Kaufhaus des Westens (KaDeWe). The department is the largest in continental Europe, first opened in 1907, the building has ...

Warburg-HIH Invest acquires Citygate shopping centre in Vienna (AT)
citygate image thumb

Warbug-HIH Invest Real Estate GmbH has acquired the Citygate shopping centre in Vienna in the fast-growing 21st district. The shopping centre opened in February 2015, within the framework of an asset ...

Morfa Retail Park, Swansea sells for £83.5m (UK)
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AshbyCapital, the real estate investment company, has purchased Morfa Retail Park in Swansea from The Crown Estate for €110.4m (£83.5m) on behalf of its group investment ...

Polish retail market saw 502,000m² delivered in 2015, says JLL (PL)
warsaw

According to JLL, 2015 saw the Polish retail market grow by a total of 651,400m² worth of retail space, including shopping centres (502,000m²), outlet centres (21,300 m²), retail parks ...

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