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Business

Iguatemi finalises sale of five property assets to TRXF11 for 876.1 million reais

In a statement released to the market last night, September 23, Iguatemi S.A. announced the sale of five stakes in shopping centres to the investment fund TRX Real Estate (TRXF 11). Iguatemi S.A. is one of Brazil's largest shopping centre companies. The total value of this transaction is 876.1 million reais (168.7 million dollars). As announced...

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Retail

Stores in the UK will soon reopen, but are customers hesitant to return?

London -The re-opening of retailers across the UK will be a welcome sign for the economy, but shoppers may be hesitant to return. From mid-June non-essential stores will reopen, but with online shopping booming during lockdown, and newly imposed health and safety regulations changing operations, some are questioning if shoppers will return as...

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Retail

Global shopping space rises to 41.9 square metres

London - Global shopping centre space has increased from 39 million square metres in 2014 to 41.9 million square metres in 2015, with Asian cities dominating nine out of the top ten most active global markets, according to a new report from global real estate advisor CBRE. The report measured shopping centre developments in 168 major cities...

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