European real estate investment firm Catalyst Capital has bought the Erfy Karree Kerpen retail park in Cologne for a sum amounting to €55 million ($62 million).
The AFI Palác shopping center in Pardubice has changed hands in a deal worth €83 million ($103 million). The purchasing party is Atrium European Real Estate Limited.
Plans for new stores have been put on the backburner by Sainsbury’s, a change in their plans that they say have had an effect on the supermarket chain’s balance sheet.
Earlier this year, one of the most remarkable corporate separations occurred as Westfield, the world's most well-known shopping mall owner split into two separate companies.