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.…
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.
APAC: occupancy rates rise, retail investment up 27% in 2024 Asia In Japan, the Tokyu Plaza Ginza mall in Tokyo has been acquired in early February for US$1 billion by Gaw Capital and Patience Capital.…
Klepierre expands through acquisitions, while Unibail safeguards margins with retail media Europe Just a day apart, URW and Klepierre, Europe’s two leading shopping centre operators, released robust annual results. For URW, the advertising business accounted for more than 50% of net margin in 2024.
Driven by property development, Emaar boosted revenue by a third in 2024 Africa, Middle East On February 14, 2025, Dubai-based property developer Emaar Properties (owner of office assets such as the Burj Khalifa, shopping malls,…
Unibail Rodamco Westfield is increasing disposals, but wants to turn malls into media assets Europe While speeding up debt reduction, the property company sees retail media as a strategic asset. Two years after the creation of a dedicated advertising network called Westfield Rise, due to generate a €75-million margin in 2024, the group launched a tech innovation to measure drive-to-store traffic.
Philippines’ SM Prime announces the opening of 5 new malls Asia SM Prime Holdings, the Philippine commercial property giant, is continuing to expand. With 5 openings planned for 2025 –…
Commercial rents fell by 3.5% in Tokyo in the 1st half of the year Asia According to Savills’ October 2024 report, retail rents for ground floor stores in Tokyo fell by 3.5% in the 6 months to the end of June 2024.…
