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AXA real estate buys 50% share in Bristol’s Cabot Circus shopping center



AXA Real Estate Investment Managers has purchased a 50% share in Cabot Circus in the center of Bristol for £267.8m (€335.5m) from Land Securities which owns it in a joint venture with Hammerson.

axa-real-estate-buys-50-share-in-bristol-s-cabot-circus-shopping-center-1.jpgThe center offers 127277 m² of retail, leisure, catering, hotel, residential, student accommodation and car parking facilities.  It is listed as one of the top 20 UK shopping centers and is situated prime position in the center of Bristol. The center opened during September 2008 as part of the urban regeneration projects which took place in the UK.  It is in a catchment area of 2.4 million residents and had an annual visitor count of 18.2 million during 2013.  Its anchor tenants are UK and international retail brands.

Hammerson has retained its 50% share and will manage the center.  AXA will assume a property and asset management role on behalf of its clients. AXA believes that together with Hammerson, they will be able to improve the facilities to add extra value to their customers.

Hammerson’s chief investment officer, Peter Cole, said the center has potential for further development and adjustment of the mix of retailers to ensure that customers’ needs are satisfied.

axa-real-estate-buys-50-share-in-bristol-s-cabot-circus-shopping-center.jpg


Mar 31, 2020, France:
The brand will refocus some of its production capacity on producing masks and other protective equipment to join the global fight against the pandemic.
Mar 30, 2020, Germany:
Several major retailers in Germany have decided to stop paying rent for stores that are forced to idle due to the coronavirus epidemic.
Mar 26, 2020, USA:
McDonald's restaurant chain is forced to revise the menu as the coronavirus spreads.
Mar 26, 2020:
To support as many people as possible during difficult times, Nike makes its applications with exercise programs and video training available to everyone.
Mar 25, 2020, USA:
According to the company, it will gradually reopen stores in the regions where this situation allows.
Mar 24, 2020, Sweden:
The total number of closed stores around the world reached 3440 out of 5060.
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