Business Immo, the real estate website

David Simon

Chairman and Chief Executive Officer

Listed

URW: "We have to get out of this panic-mode to enter the era of rational decisions" (Bressler/Niel)

The Refocus consortium ­— owning 5% in Unibail-Rodamco-Westfield SE ("URW"), won a victory today. After weeks of media battle, shareholders rejected the €3.5bn capital (...)

Listed

"Léon Bressler's 'Refocus' plan is heading in the right direction"

Business Immo: Léon Bressler and Xavier Niel strongly criticised the Reset plan announced by Unibail-Rodamco-Westfield. What is your reading of the situation? Benoît Faure-Jarrosson: The (...)

Finance

Allianz doubles debt facility for McArthurGlen/Simon in Austria to €185m

Allianz Real Estate has doubled its debt financing for McArthurGlen Designer Outlet Parndorfin Austria to €185m for owners McArthurGlen and US-based Simon Property. The new financing adds €93m to the (...)

Retail

Austrian Signa, Canada's Hudson's Bay unite Kaufhof, Karstadt in new retail group

Austria's Signa group has confirmed that German department stores Kaufhof and Karstadt are to be merged in a giant new retail company with Canada's (...)

Retail

South African listed NEPI Rockcastle adds Slovakia mall for €122m

South African listed NEPI Rockcastle, which specialises in central European retail property, has acquired the Galeria Mlyny shopping centre in the Slovakian city of Nitra (...)

Retail

Canadian Hudson's Bay said re-starting talks to sell German Kaufhof to Signa

Canadian department store group Hudson's Bay Company, after rejecting an approach in February, is reported to have re-started talks to sell its German Kaufhof chain to the (...)

Retail

Renamed Unibail-Rodamco-Westfield starts with €13bn project pipeline

Giant French-Dutch shopping centre REIT Unibail Rodamco is to be renamed Unibail-Rodamco-Westfield following closure of its acquisition of the Australian group, and said it moves into (...)

Retail

Vienna's Signa withdraws €3bn Kaufhof offer after Canadian Hudsons Bay rejection

Just two days after appointing a new CEO, Canadian retailer Hudsons Bay this week announced its rejection of an unsolicited offer for German store (...)

Retail

Kaufhof/Karstadt would be major test of Signa’s entrepreneurial ability

Austria’s private Signa group is well on its way to wiping out memories of the past troubles of its youthful founder René Benko. If (...)