retail

The firm bought the post-reunification office and retail complex from Caleus Capital for €195m.

The firm also raised an additional $516m in co-investment capital, more than half of which went to five pre-specified projects.

The acquisition would have been the biggest sale of UK retail parks in a decade.

The €150m separate account awarded to manager AEW kicked off last week in Paris with the purchase of a 37,000-square-foot office for €50m.

The world’s property markets are watching the country’s doors re-open for indicators of life after coronavirus

Transactions fell out of contract in March at three times the normal monthly rate, according to RCA.

After previously only collecting capital in Canada, the Toronto-based manager saw 86% of its latest fund come from overseas investors.

Coronavirus shutdowns have pushed nearly $25bn of US CMBS loans to the brink of delinquency, and the worst is yet to come.

China, Hong Kong and Singapore were the property markets most affected by the pandemic, with investment volumes plummeting by more than 60%.

To keep pace with changing living and consumption patterns, local managers and joint owners Deutsche Finance International and Yoo Capital decided to renovate the site in 2017.