Issue 240 : December 16th 2014
Hong Kong, New York, Paris, London and Tokyo retained their positions as the most expensive high-street retail destinations in Q3 2014, according to global property advisor CBRE Group.
Its quarterly ranking of the prime global retail markets saw little change in Q3 2014, with global and hot-growth markets continuing to lead the list.
UK grocery giant Tesco has launched a hunt for a senior figure to lead a sell off of non-core property, in a process which could raise hundreds of millions of pounds for the retailer.
The company has approached figures in the property industry, including agents and developers, about taking up a role to head the disposal of non-core real estate.
EPISO3, a fund advised by pan-European real estate investment manager Tristan Capital Partners and joint-venture partner Solstra Capital Partners, is buying a half-built Danish mall.
Meanwhile, a value-add fund advised by Meyer Bergman, the pan-European retail-focused real estate investment manager, has acquired Futurum Hradec Králové shopping centre in the Czech Republic.