Malls : Simon Property accelerates data monetisation with Humana, URW continues arbitrage Americas On February 7, Liberated Brands (2022 revenue : US$422 million, up by 21%, with no new figures since) began closing 122 stores across the U.S.A.…
SMCP returns to growth, ending legal battle Asia On August 11, 2025, SMCP (including Sandro and Maje) announced the end of a legal battle from 2021.…
Blackstone acquires Kolkata’s South City Mall for US$377 million Asia In India, with the buyout of developer South City Project on June 17, the US investment fund Blackstone has acquired Kolkata’s South City Mall.…
China’s Wanda sells 48 malls in mega deal Asia In China, real estate developer Dalian Wanda Group (513 Wanda Plaza malls covering 70.9 million sq.m) is selling 48 shopping centres in a US$6.94 billion deal.…
Paolo de Cesare takes over as Chairman of Grandi Stazioni Europe Paolo de Cesare was appointed Non-Executive Chairman of Grandi Stazioni at the end of April 2025.…
Majid Al Futtaim injects US$1.4 billion into Mall of the Emirates Africa, Middle East In Dubai, Majid Al Futtaim (2024 turnover: €8.53 billion from 87 stores and 29 malls, up 1% year-on-year) unveiled a US$1.4 billion investment in mid-April to revamp the Mall of the Emirates.…
U.S. GDP fell and commercial vacancy rose in Q1 Americas While the impact of tariffs began to affect the US economy in Q1, with GDP falling by 0.3%, retail space occupancy rates did not improve.
Carrefour re-signs with Majid Al Futtaim until 2031 Africa, Middle East On April 3, Carrefour renewed an exclusive franchise agreement until 2031 with the Emirati group Majid Al Futtaim (turnover 2024: €8.53 billion,…
Simon Property steps up in offsite retail media Americas Simon Property Group, the world’s leading commercial property company (2024 revenue: US$5.96 billion, up by 5.4%, via 229 malls covering 180 million sq.m and 2 billion visitors per year) announced the launch of a new data feature on March 27,…
Rodrigo Clare (Altarea): “We have entered into exclusive negotiations to manage stores in 83 Milan metro stations” Europe After winning, with RATP Travel Retail, the tender for the stations in the greater Paris area, the property company Altarea is also preparing to expand in Italy, mind Retail learned. We review the details.
