Parc Central, Tarragona (image: Wikimedia Commons)

European shopping centre property deals stall

A string of shopping centre and retail park transactions are stalling across Europe as coronavirus lockdowns require shops to close. Blackstone has been in discussions with Allianz for months to sell Forum Palermo for €200million but the deal has fallen through. One of the largest malls in the Sicilian city, the asset provides more than 48,000 m2 of gross lettable area over 124 shops and 2,500 parking spaces. The US investment giant is also understood to have paused the marketing of Spanish Espacio Leon, a shopping centre which was put…

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Iran Flag Against City

Iran: shopping centres display “union, solidarity & compassion”

Similar to every country that the corona virus has swept through, Iran has been hit pretty hard as well and almost all businesses and economic activities have been destroyed. One area of business which has been hit hard by this virus is Iran’s retail industry and shopping centers, to the extent that they have almost closed down since there no more customers. The situation gets worse when you find out that the Iranian New Year’s shopping season starts at the 20thof February and continues until the 20th of March. Unfortunately this…

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Tollgate Village with The Light signage

Pictures: The Light Cinema and bowling for Colchester

New artist’s impressions offer a first look at a multi-screen cinema and state-of-the-art bowling alley which are due to open at a leisure and retail park near Colchester next year. National chain The Light, which has 10 cinemas across the UK, has been named as the firm operating the new cinema, set to create an estimated 70 jobs at Tollgate Village in Stanway. The multiplex will showcase both mainstream and independent films – including live theatre, music, opera and ballet screenings, and have an adjoining bowling alley. This latest step…

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