Retail news: mall and brand expansion

CBRE states in its third quarter Retail MarketView that plans to create in excess of one million square meters of shopping center space over the next three-year

A report from Moody’s the big four supermarkets in Britain will have no choice but to cut prices further in a bid to compete with Lidl and Aldi.

Robinsons Land Corporation’s president, Frederick Go, has confirmed the company’s plans to continue its expansion

Ellandi has purchased the Strand Shopping Center located in Bottle at an undisclosed amount.

Milaneo in Stuttgart has opened its doors to visitors six months ahead of schedule.

ECE European Prime Shopping Center Fund II has had a massive start in that its first closing raised more than €500m.

The biggest retailer globally, IKEA, is due to invest €600m to renovate two and open seven new stores in France by 2017.

The French cosmetics chain, Sephora, is planning on opening 100 new stores each year over the next five years, in a bid to reach its target of a 10% increase in average turnover.

The Kingsway shopping center based in Newport in Wales has new owners, the same firm behind the redevelopment of Friars Walk, and is due to welcome a gym, with speculation of a large supermarket to become one of the tenants.

Commercial Real Estate Investment in Spain and Ireland Close to Record Levels

Citycon has agreed to purchase the 40% share GIC holds in the Iso Omena shopping center in the Helsinki area.

The decline in performance by online and high street stores since the worst part of the recession during 2008/2009 has offered new evidence that the economy is once again slowing down.