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McArthurGlen forms new JV with Simon Property Group Wednesday, 5th June 2013
McArthurGlen has formed a joint venture agreement with Simon Property Group, providing a platform for the US mall owner in Europe. Simon Property Group will initially invest EUR 435 million McArthurGlen’s design outlet centres. As part of the deal, Simon will acquire an ownership interest in six propertied and become a partner in McArthurGlen’s property management and development business.
Karl Lagerfeld to expand eponymous brand in Germany Friday, 31st May 2013
Karl Lagerfeld is set to bring at least five stores from his eponymous label to his native Germany as well as opening “several” in China, according to WWD.
Westfield Group remain tight-lipped about Starwood deal Wednesday, 22nd May 2013
Westfield Group are allegedly in the early stages of agreeing a deal with Starwood Capital Group to sell seven of its U.S. shopping malls, according to Reuters. Private real estate investment company, Starwood Capital Group, are thought to offering in excess of USD 1 billion for the acquisitions, a source revealed on Wednesday.