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Issue 102 : January 24th 2012
Fund targets Nordics from Stockholm base
One of Europe’s largest fund for retail properties has stepped up its hunt for investment opportunities in the Nordic region and has pledged to further growth in Europe’s northern states.
The opening of a Stockholm office reflects Grosvenor’s desire to build on its current portfolio and to add more shopping centres to its estate, with the company stressing that it sees growth potential beyond the Swedish capital.
Multi-channel in CEE heats up with grocery launch
Growth in online sales across the CEE has prompted some of Europe’s biggest grocers to launch their own services based from the biggest trading countries in the region.
Rapid expansion in online sales is anticipated as a result but chains will need to expand their store base before they can go grow outside of capital cities.
Rivals eye Schlecker estate in drug store shake-up
In a bid to protect its store base Schlecker, Germany's biggest drugstore chain, revealed on Friday that it would be filing for bankruptcy protection after its latest talks to generate new funding failed.
The announcement has alerted a number of Europe’s biggest chains, which could see an acquisition as an opportunity to springboard into Germany and Austria.
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Retail Property Analyst is the news analysis service for those involved with the financing of retail real estate or asset management of retail property and brings with it a remit to understand and explain rather than simply report the news.
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