CDC Investissement Immobilier, a subsidiary of the French public sector financial institution Caisse des Dépôts (CDC), has acquired a 15 percent stake in Forum des Hall. The agreement signed with Unibail-Rodamco-Westfield (URW), the current owner of the iconic Parisian shopping centre, reflects a net sale amount of 235 million euros. The...
7 Jan 2025
Real estate firm Landsec has announced the acquisition of a 92 percent stake in UK shopping centre Liverpool One, for an overall consideration of 490 million pounds. The stake was snapped up from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), which previously held a 69 percent stake, and property group Grosvenor, which...
17 Dec 2024
British fashion giant Frasers Group is continuing to expand its portfolio of retail setups with the acquisition of Lancaster-based shopping centre, St Nicholas Arcade. The deal involves the entire 160,000 square foot retail park, where annual footfall reportedly amounts to four million visitors. Frasers said that the acquisition reinforced its...
13 Sept 2024
Newcastle’s primary shopping centre Eldon Square is set to undergo a major overhaul in the coming year, banking on leisure, entertainment and dining as a means to bolster footfall. The reported 65 million pound redevelopment will see the introduction of new cultural, food and drink, sport, leisure and entertainment venues at the location, much...
28 Dec 2023
Unibail-Rodamco-Westfield (URW) has unveiled an array of development plans for its Westfield Old Orchard site in Skokie, Illinois. The company said the North Shore destination will be “unlike anything else in Chicagoland”, with a park, event space and various amenities to be added to the modernised retail centre. The multi-phase plan already...
8 Dec 2022
Unibail-Rodamco-Westfield (URW) has announced it will be furthering the roll out of its Westfield brand into Spain, Sweden and Poland. In autumn, the retail group will be rebranding three of its centres into Westfield flagship stores, including Parquesur in Madrid, Taby Centrum in Stockholm and Galeria Mokotow in Warsaw. It comes as part of URW’...
20 May 2022