Issue 193 : December 10th 2013
European retail investment specialist Meyer Bergman has acquired the iconic Karstadt department store at Berlin’s Hermannplatz from the investment consortium Highstreet Holding.
Financial terms of the transaction are not being disclosed.
Unibail-Rodamco has said that Barcelona is to become on of its key cities for growth, in a move which is a boost for the city and for Spanish retail investment.
Work has already begun on a three year project to transform an existing centre into the focal point of a revitalised part of the city.
The appeal of retail logistics real estate in the UK has been underlined by the successful IPO of a specialist REIT with a mandate to invest in such properties.
It now intends to invest in the sector for large scale distribution assets in the belief that e-commerce growth will provide a strong platform for investment growth.