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Kimco Realty Corp. sells interests in 17-property Canadian portfolio to Anthem Properties Group Ltd.

NEW HYDE PARK, N.Y., 2016-Jun-13 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) today announced that it sold its interests in a 17-property Canadian portfolio totaling 1.8 million square feet to Anthem Properties Group Ltd. for a gross sales price of CAD $413.2 million (USD $324.0 million), including the assumption of CAD $205.0 million (USD…
June 13, 20160Comments

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Business Malls Management Retail

CBRE Group strengthens its senior management team with several executive leadership promotions

Los Angeles, CA, 2016-Jun-13 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced several executive leadership promotions designed to further strengthen its senior management team, drive the company’s strategy and sustain its growth. Jack Durburg has been promoted to CEO, the Americas, reporting to Cal Frese, Global Group President, Geographies.  Mr. Durburg has led CBRE’s…
June 13, 20160Comments

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Business Malls Management Marketing Retail Technology

Klépierre in partnership with Microsoft launches its start-up challenge KlépierreID at Viva Technology in Paris, June 30- July 2, 2016

The European commercial real estate specialist launches KlépierreID to source the start-ups that will transform retail tomorrow. http://www.vivatechnologyparis.com/challenges/602 Paris, Porte de Versailles, June 30- July 2, 2016 PARIS, 2016-Jun-13 — /EPR Retail News/ — “We are strong believers in the idea that the best way to face the strategic challenges generated by our fast moving retail environment, is…
June 13, 20160Comments

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Awards Environment Malls Management Retail

Iso Omena shopping centre awarded a LEED® Platinum certificate for its extension that will open in August

HELSINKI, FINLAND, 2016-Jun-10 — /EPR Retail News/ — The Iso Omena shopping centre has been awarded a LEED® Platinum certificate for its extension that will open to the public in August. Platinum is the highest rating level within the environmental certification system. It is awarded to properties with superior energy, material and water efficiency and high…
June 10, 20160Comments

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Awards Environment Malls Management Retail Retailer

Immochan Romania obtains BREEAM Excellent certification for its project Coresi Shopping Resort

ROMANIA, 2016-Jun-08 — /EPR Retail News/ — Immochan Romania obtained the BREEAM Excellent certification for its project Coresi Shopping Resort, from Brașov. Thus, CORESI becomes the commercial center with the highest sustainability ranking in the country, the first in Romania and the second in Central and Eastern Europe to achieve this exigent certification level. BuildGreen, a…
June 8, 20160Comments

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Business Malls Management Retail Retailer

PREIT closes sale of two street-level retail properties in downtown Philadelphia for approximately $20 million

PHILADELPHIA, 2016-Jun-07 — /EPR Retail News/ — PREIT (NYSE: PEI) has completed the transactions for the sale of two street-level retail properties 1501 – 05 Walnut Street and 1520 – 22 Chestnut Street  in downtown Philadelphia , representing a gain on sale of approximately $20 million and a blended 3.9% cap rate. PREIT acquired the…
June 7, 20160Comments

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Business Financial Malls Management Retail

PREIT to release its financial results for the quarter ending June 30, 2016 on Tuesday, July 26, 2016

PHILADELPHIA, 2016-Jun-07 — /EPR Retail News/ — Pennsylvania Real Estate Investment Trust (PREIT/NYSE: PEI) intends to release its financial results for the quarter ending June 30, 2016 after market trading closes on Tuesday, July 26 , 2016. Management has scheduled a conference call for 11:00 a.m. Eastern Time on Wednesday , July 27, 2016, to review the…
June 7, 20160Comments

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Business Malls Management Retail

CBRE Group, Inc. ranked at #259 on FORTUNE’s 2016 list of the largest U.S.-based companies

LOS ANGELES, CA, 2016-Jun-07 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) has been ranked at #259 on FORTUNE’s 2016 list of the largest U.S.-based companies. CBRE has been included in the FORTUNE 500 every year since 2008. CBRE rose sharply on the FORTUNE 500 list, improving from #321 in 2015. “CBRE’s steady rise in the Fortune…
June 7, 20160Comments

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Malls Management Retail

SM group’s Foundation produced 225 graduates from its 20th batch of scholars since 1993

Pasay City Philippines, 2016-May-30 — /EPR Retail News/ — SM Foundation celebrated another milestone under its education program as it produced 225 graduates from its 20th batch of scholars since its college scholarship program started in 1993. This year’s Presentation of Graduates produced 71* awardees of which, 4 are summa cum laude, 11 are magna cum…
May 30, 20160Comments

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Malls Management Retail

Stamford Town Center appoints Dan Stolzenbach as general manager

STAMFORD, Conn., 2016-May-30 — /EPR Retail News/ — Retail industry veteran Dan Stolzenbach has been named general manager of Stamford Town Center, responsible for operations, retailer and community relations, as well as marketing for the shopping center. Stolzenbach succeeds long-time Taubman employee Meredith Keeler who was named general manager of Country Club Plaza, a marquee retail…
May 30, 20160Comments

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Malls Retail Retailer

SM Mall of Asia reinvents itself into one of the biggest and most exciting destination malls in the world

Pasay City, Philippines, 2016-May-30 — /EPR Retail News/ — A mall as successful as SM Mall of Asia is entering a new phase, reinventing itself, this time, into one of the biggest and most exciting destination malls in the world. SM and SM Prime Chairman Henry Sy who once called this mall, the greatest project of…
May 30, 20160Comments

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Business Malls Management Retail Retailer

CBRE Group to acquire 49 percent interest in Malaysia’s leading real estate services provider WTW

C H Williams Talhar & Wong Malaysia (WTW) and CBRE will deliver a premier, full-service offering for clients across Malaysia. Los Angeles, CA, 2016-May-18 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced that it has entered into an agreement to acquire a 49 percent interest in Malaysia’s leading real estate services provider, C H…
May 18, 20160Comments

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Business Malls Management Retail Retailer

Philippines: SM Prime Holdings to offer to the public up to Php60 billion worth of Bonds

Pasay City, Philippines, 2016-May-17 — /EPR Retail News/ — SM Prime Holdings, Inc. (SMPH) announced today that its Board of Directors approved the offering to the public of up to Php60 billion worth of Bonds (the ”Bonds”). The Bonds will be filed under a shelf registration to be issued for a period of three (3)…
May 17, 20160Comments

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E-Commerce Malls Management Online Retailers Online Shopping Retail Retailer

eBay Korea’s Gmarket joins forces with Japan’s largest internet mall Rakuten

San Jose, California, 2016-May-13 — /EPR Retail News/ — Under the agreement, Gmarket will launch a flagship store on Rakuten Ichiba – its Japanese platform – featuring boutique shops that will offer Korean fashion and beauty products to Rakuten’s membership base of more than 100 million users. eBay Korea’s Gmarket has joined forces with Japan’s largest internet…
May 13, 20160Comments

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Business Malls Management Retail Retailer

Weingarten Realty Investors acquired Deerfield Mall in South Florida for $92.75 million

HOUSTON, 2016-May-11 — /EPR Retail News/ — Weingarten Realty Investors (NYSE: WRI), a leading owner, manager and developer of shopping centers, announced today that it acquired Deerfield Mall, a 394,000 square foot, Publix-anchored center located in the South Florida community of Deerfield Beach (Fort Lauderdale MSA) for $92.75 million. The center is anchored by strong…
May 11, 20160Comments

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Children Malls Management Retail Retailer

Philippines: SM Foundation donates school building to the San Francisco Elementary School in Tarlac

PASAY CITY, PHILIPPINES, 2016-May-11 — /EPR Retail News/ — SM Foundation turned over its 74th school building donation to the San Francisco Elementary School in Tarlac on May 6 in partnership with SM Prime. The two-storey, four-classroom school building came fully furnished with 200 armchairs, 16 wall fans, eight blackboards, four teacher’s table and chair…
May 11, 20160Comments

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Business Malls Management Retail

Montgomery County Council approved the proposed Westbard Sector Plan including Equity One’s Westwood Center

New York, NY, 2016-May-10 — /EPR Retail News/ — Equity One, Inc. (NYSE: EQY), an owner, developer, and operator of shopping centers, announced today that the Montgomery County Council approved the proposed Westbard Sector Plan rezoning portions of the Westbard neighborhood, including Equity One’s Westwood Center. “This has been a long process, and we appreciate the…
May 10, 20160Comments

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Awards Business Consumer Services Financial Food & Beverage Grocery Healthcare Malls Management Marketing Outlet Retail Retailer Savings Shopping Shops

SM Investments Corporation wins double at the 8th Annual Global Corporate Social Responsibility (CSR) Summit and Awards

Pasay City, Philippines, 2016-May-05 — /EPR Retail News/ — SM Investments Corporation (SM) won two awards at the 8th Annual Global Corporate Social Responsibility (CSR) Summit and Awards held in Indonesia. SM bagged a silver award for Best Corporate Communications & Investor Relations and a bronze award as Best Governed & Most Transparent Company. In addition to receiving…
May 5, 20160Comments

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Entertainment Malls Management Retail Retailer

Klépierre announces results of the 1st National Casting for “Reines du Shopping” TV show

PARIS, 2016-May-04 — /EPR Retail News/ — Klépierre, the European shopping center specialist, announces that the results of the 1 st National Casting for “Reines du Shopping” is a great success ! Klépierre and M6 UNLIMITED have developed an exclusive partnership to organize the first national casting of Reines du Shopping TV show, from April 23 to…
May 4, 20160Comments

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SM Investments Corporation records 12% growth in recurring net income in the first quarter of 2016

Pasay City, Philippines, 2016-May-04 — /EPR Retail News/ — SM Investments Corporation (SM) posted a 12% growth in recurring net income in the first quarter of 2016. Consolidated net income (including non-recurring items) stood at PHP 7.0 billion for the January to March period, up 3.6% from PHP 6.7 billion in the same period last year. Consolidated revenues grew…
May 4, 20160Comments

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Business Malls Management Retail Retailer

DDR’s CFO and Treasurer Luke J. Petherbridge to step down from his role effective May 6, 2016

BEACHWOOD, Ohio, 2016-May-02 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) today announced that Chief Financial Officer and Treasurer Luke J. Petherbridge will step down from his role effective May 6, 2016, in order to assume the position of president and chief executive officer of Excel Trust, a retail REIT owned by a fund affiliated…
May 2, 20160Comments

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Business Malls Management Retail Retailer

Philippines: SM Prime Holdings reports core net income growth of 12% in the first quarter of 2016

Pasay City, Philippines, 2016-May-02 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), the Philippines’ leading integrated property company, reported a core net income growth of 12% in the first quarter of 2016 to PHP5.8 billion while consolidated revenues rose 10% to PHP18.2 billion. “SM Prime’s massive expansion last year propelled our performance this…
May 2, 20160Comments

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Awards Business Malls Management Retail Retailer

CBRE Group included in Corporate Responsibility Magazine’s 2016 100 Best Corporate Citizens List

Los Angeles, CA, 2016-Apr-28 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced that the company has been included inCorporate Responsibility Magazine’s 2016 100 Best Corporate Citizens List. Corporate Responsibility documents more than 260 data points of disclosure and performance measures obtained from publicly available information in developing its 100 Best Corporate Citizens list. Companies…
April 28, 20160Comments

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Awards Business Consumer Information Cosmetics Fashion Malls Management Retail Retailer

Klépierre: NYX to open store in e Nový Smíchov shopping center in Czech Republic

Klépierre has just signed a lease with NYX, a makeup retailer acquired by L’Oréal in 2015. The first store, located in the Nový Smíchov shopping center in Czech Republic, will open in May. Paris, 2016-Apr-27 — /EPR Retail News/ — A European specialist in shopping centers, Klépierre supports the growth of the best brands and retailers,…
April 27, 20160Comments

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Business Fashion Malls Shopping

Bollywood actress Parineeti Chopra hosted the grand opening of H&M’s 4,000th store at Mall of India, Noida

Stockholm, Sweden, 2016-Apr-27 — /EPR Retail News/ — With the first few lining up almost a day in advance, the first 10 fashionistas in queue received 10 gift cards worth Rs. 4000 to celebrate the big 4000, along with goodie bags and gift cards worth Rs. 500 for the next 200 in queue. “The opening of H&M’s…
April 26, 20160Comments

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Awards Malls Management Retail Retailer

The Alegro Setúbal shopping centre in Portugal running for ICSC European Shopping Centre Awards

Setúbal, Portugal, 2016-Apr-26 — /EPR Retail News/ — The Alegro Setúbal shopping centre in Portugal grabbed the attention of global property experts twice in 2015. Will it attract the jurors again this year? The ICSC is holding its big annual European conference on 18 and 19 April 2016 in Milan, Italy. Two days of meetings under the…
April 26, 20160Comments

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Business Financial Malls Management Retail Retailer

Unibail-Rodamco’s €1.0 billion of bonds issuance attracted more than €5 billion of demand in less than 2 hours

Paris, Amsterdam, 2016-Apr-22 — /EPR Retail News/ — Unibail-Rodamco has successfully placed two bonds of which: A €500 Mn bond with an 11-year maturity and a 1.125% coupon; A €500 Mn bond with a 20-year maturity, the longest maturity ever for a real estate company in the Euro market, and a coupon of 2.0%. These issuances attracted…
April 22, 20160Comments

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Business Financial Malls Management Retail Retailer

PREIT refinanced the mortgage loan secured by Woodland Mall

Company to recognize significant savings PHILADELPHIA, 2016-Apr-21 — /EPR Retail News/ — PREIT (NYSE: PEI) has completed the refinancing of the mortgage loan secured by Woodland Mall and extended and modified the terms of the existing mortgage loan secured by Viewmont Mall.  The LIBOR-based loans total $187.0 million and carry a fixed weighted average interest…
April 21, 20160Comments

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