Retail news: mall and brand expansion

A study by retail specialist Harper Dennis Hobbs has worked out that the worst place to go shopping in the UK is the West Midlands town of Dudley.

Shopping mall in the Romanian city of Arad now benefits from the addition of an all new amusement park covering a total area of 1,500m2

The CBXII office and retail complex in Milton Keynes has just changed hands in a deal worth £35 million ($44.7 million).

AmREIT Inc. has announced that it has finalized an agreement with Edens Investment Trust.

Macy’s is due to open its first brick and mortar store on foreign soil, in the Middle East.

It has taken 2 years of construction work but the brand new Park Vera Shopping Center in Ankara is now open to the public.

Marks & Spencer cites “unseasonable” weather as the explanation for the company’s 13th consecutive quarterly drop in sales and continued struggles.

Shopping center owners based in Perth are in expansion mode after going through four years of approvals and planning since the lifting of retail floor space caps.

DTZ has made a transition in November, selling to a TPG Capital-led consortium

IKEA have therefore committed to spending almost 2 billion Euros to upgrade and expand stores throughout the Moscow area.

The New Strand Shopping Center in Bootle has been bought by Ellandi, the specialist shopping center investment and asset management company, for an undisclosed amount.

The recent sale of the Wildewood Center in California at a price of $28.4m indicates that commercial developers are still willing to continue investing in the region.