Retail news: mall and brand expansion

FirstService Corporation has released an announcement that their subsidiary, Colliers International has obtained a controlling interest in AOS Group.

Industry experts stated that a potential 10% increase in visitors should help retailers in the UAE reach their Eid holiday period sales targets, which are vital for their total annual performance.

Connswater Shopping Center in east Belfast has been placed on the market at £26m.

Malls and strip shopping centers have seen an increase in rental rates during the third quarter, however vacancy rates were unaffected as the recovery in retail real estate struggles along.

Stores that will make everybody to fall in love with the shopping

Beginning September 25, Port Baku Mall, the most luxurious shopping mall in Baku, opened its doors to its first visitors.

The owner of a shopping center in Hanover Park has plans to add a building to house three new businesses.

A family based in Sydney has purchased the Mountain High Shopping Center in Bayswater, 35 kilometers from Melbourne’s CBD for around $22m.

Macomb Mall, soon to celebrate its 50th birthday, is on track with renovations and should open during fall.

After the announcement of a decline in last quarter sales, Sainsbury’s shares dropped 7% in value.

The KGAL Group has bought Erding retail park for an institutional real estate fund.

World renowned brands Esprit and River Island can leave the Russian market at an early date.