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Issue 34 : August 31st 2010
Belgian deal agreed by Foruminvest
Three Belgian shopping centres have changed hands in yet another repositioning move in the Benelux region.
The deal allows Foruminvest to focus on its Dutch assets, while at the same time representing the first deal for a new player in the Belgian retail sector.
IGD SIIQ's profit doubles in H1 2010
Listed Italian retail property specialist Immobiliare Grande Distribuzione (IGD) SIIQ saw its profit double to euro 14m in the first half of 2010, largely as a result of lower write-downs on its Italian and Romanian property portfolio.
The figure compares to a euro 7m profit in the same period a year before.
New retail centre created in Austria
The largest shopping centre opening in Austria this year took place last week, with Interspar anchoring a new regional mall in the northwest of the country.
Interspar will also anchor a major new scheme being developed for Slovenia, as the grocer expands its development portfolio in the markets around 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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