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Lidl

Retail Centre

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Investment gap between retail parks and shopping centres widens. Read more

Markets

Bayrische Versorgungskammer

Bayrische Versorgungskammer

Asset and property manager GPEP, acting for an investment fund managed by Universal-Investment on behalf of giant Bavarian pension fund Bayerische Versorgungskammer (BVK) has bought a portfolio of 12 retail parks and supermarkets in established... Read more

Investment

Georges Asmar

LeadCrest Capital Partners

Sale-and-leasebacks, once a staple of European real estate markets, seemed to have largely disappeared in recent years. Could they now be set to make a comeback? Read more

Markets

Kaufhof - Frankfurt

GALERIA Kaufhof GmbH

Austria’s Signa Group has taken control of German department store chain Galeria Karstadt Kaufhof from Canada’s Hudson Bay Company’s (HBC) by acquiring its 49.99% stake in the recently merged chain for $1.5b, HBC announced this month. Read more

Companies

Oliver Herrmann - REDOS Real Estate GmbH

REDOS Real Estate GmbH

The long running saga surrounding German listed retail group Metro’s attempts to sell off its troublesome supermarket chain REAL would appear to be in its penultimate phase, with Metro entering into exclusive talks earlier this month... Read more

Companies

Blair Welch - Slate

Slate Asset Management L.P.

The Toronto-headquartered Slate Asset Management continues to make inroads into the grocery real estate and Fachmarktzentrum market in Germany with another acquisition. Read more

Investment

Food Retail

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Private German retail investment house x+Bricks has already added to its ambitious acquisition programme by buying a portfolio of 13 retail properties from an institutional investor, for a price of €80m. Read more

Investment

Dreieich Nordpark

MEC METRO-ECE Centermanagement GmbH & Co. KG

German listed retail group Metro AG is looking to again sell off its retail subsidiary Real, along with a sizeable property portfolio, as it retreats back to being a classical wholesaler. Read more

Companies

Charles Kingston - REFIRE

REFIRE

A few hundred metres from REFIRE’s office here in Berlin, the almost unbroken line of buildings with heights varying between five and seven stories is suddenly interrupted by a wide, flat, single-story building surrounded... Read more

Opinion

Food Retail

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German retailers are upping the ante – and landlords are no longer calling all the shots – in a shift that has firmly put the power back in the hands of retailers. ‘Occupiers - particularly clothing retailers - have become very aggressive... Read more

Investment

Blair Welch - Slate

Slate Asset Management L.P.

The Toronto-based Slate Asset Management continued its drive to build up a portfolio of German grocery-anchored assets with the acquisition of a further four portfolios consisting of 47 assets. The portfolios total 56,474 sqm of gross lettable... Read more

Companies

Blair Welch - Slate

Slate Asset Management L.P.

The Toronto-based REIT Slate Asset Management has made its first foray into European real estate, buying 67 mainly grocery-anchored real estate assets located throughout Germany. Read more

Companies

Marcel Fuhr - GPEP

GPEP GmbH

Frankfurt-based fund manager Universal Investment has teamed up again with retail specialist and portfolio manager GPEP to buy another retail portfolio, bringing the total investment of the two in German retail centres and retail parks to more... Read more

Investment

Acquisitions, Contracts and Deals

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Listed UK fund manager Schroder European Real Estate Investment Trust PLC (SEREIT) made a number of acquisitions in April, bringing to five the number of deals it has closed since its launch in December 2015. Read more

Investment

Tobias Kassner - BulwienGesa

BulwienGesa

A major new report on the German logistics market by market researcher BulwienGesa throws up a number of surprises, including several names that might not have figured on our own speculative list as to who are Germany's most active investors in... Read more

Markets

Fachmarktzentrum - Shopping Center - Retail Park

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REFIRE has recently been talking with several specialist investors in German neighbourhood shopping malls, or so-called "Fachmarktzentren", to get a better idea of why new investors are moving into this asset class – which they appear to be, in... Read more

Markets

Finkbeiner und Karoff -

TLG IMMOBILIEN GmbH

Recently-floated eastern German commercial property specialist TLG Immobilien has dangled the enticing prospect of up to 6% dividend yield for next year, based upon sharply higher FFO for the first nine months, up 28% to €40.4m. The company’s... Read more

Companies

Kaufpark Dresden

mfi management für immobilien AG

In a significant German retail transaction, a consortium led by a fund from Morgan Stanley Real Estate Investing (MSREI) and Hamburg-based asset manager Redos Real Estate has acquired four shopping centres in eastern Germany and Berlin from M&G... Read more

Investment