Steamrock Capital the real estate asset management in joint venture with Catalyst Capital has started construction of a prime retail park in Farnborough Hampshire after securing pre-lets for the entire space.
China Investment Corporation (CIC) decided a little retail therapy was in order after announcing it had recorded a loss on overseas investment in 2015 a few months back. For the sovereign wealth fund this shopping binge meant investing 188 million ($206 million) to buy two French malls its second set of shopping centres in the country.
Hines the international real estate firm and German investment company Universal-Investment have successfully completed the acquisition of five prime high-street retail assets with associated office and residential accommodation located on the Stroget in central Copenhagen on behalf of the Bayerische Versorgungskammer (BVK) 1.3bn separate account. The purchase represents the first Danish acquisition for the BVK mandate and has been purchased from Avignon Capital for 119m.