Hot links: The week’s Europe retail property news
Publish Date: August 01, 2014
Here's a roundup of what regional news organizations in Europe are reporting about the local retail real estate business.
• Analyst: Klépierre-Cório deal makes sense — Forbes Klépierre’s proposed $9.67 billion acquisition of Cório would further streamline Europe’s shopping centre industry, creating efficiencies in leasing, management and marketing that would benefit retailers and consumers alike, says one commentator.
• Middle East tourists are UK's biggest spenders — Saudi Gazette Middle Eastern tourists visiting the UK have displaced Chinese shoppers as the biggest spenders, according to analysts.
• Barcelona's outlet centre major tourism draw — Fortune La Roca Village was a major tourist destination for travelers to Barcelona last year, attracting 3.3 million of them.
• Urban Outfitters' Europe stores outperform US shops — Philadelphia Business Journal Urban Outfitters collects more money per store in Europe than in North America.
• Carrefour, Metro post favourable results — Reuters Carrefour and Metro both had better-than-expected financial numbers over their most recent quarter.
• Spain sees boost in GDP, sales — Businessweek GDP in Spain increased more than predicted by many economists, and falling prices may have contributed to a rise in consumer sales.
• Romanian mall owner posts profit — Business Day NEPI, a South African company that owns malls in Romania, showed a 15 percent increase in profits.