Latest news with #shoppingcenter
CBS News
28-05-2025
- Business
- CBS News
Walmart purchases Bethel Park Shopping Center for $39.6 million
Walmart has purchased the Bethel Park Shopping Center, where it already operates a store, for $39.6 million. Real estate records for Allegheny County show that an affiliate of Walmart called Wal-Mart Real Estate Business Trust purchased the nearly 22 acre lot earlier this month. The plaza is currently occupied by Walmart and by Giant Eagle along with a Pep Boys store, a Firestone Complete Auto Care store, a Chinese restaurant, a Great Clips store, and a Rita's Italian Ice and Frozen Custard location. The purchase of the Bethel Park plaza comes months after Walmart, the world's largest retailer, also purchased the Monroeville Mall property for around $35 million. Walmart has purchased the Bethel Park Shopping Center located along Library Road for $39.6 million. The plaza currently is occupied by Walmart and by Giant Eagle. KDKA Photojournalist Brian Smithmyer The Pittsburgh Business Times reports that a Walmart spokesperson says there shouldn't be any changes to the center, adding that the company wants to continue to do business in Bethel Park and that purchasing the plaza provides the best opportunity to serve customers on a long-term basis. "Walmart owns most of its store properties and generally prefers to do so," the spokesperson said. It's unclear if the sale of the property could impact the operations of Giant Eagle.
Argaam
27-05-2025
- Business
- Argaam
WAJA signs SAR 12.9M contract for shopping center finishing works
WAJA Co. signed today, May 27, a contract with Redof Contracting LLC to carry out the interior and exterior finishing works for the Wadi Khuzam Shopping Center, located in Al-Khuzam District. The center is owned by the main developer, the National Housing Co. (NHC), in partnership with the sub-developer and operator, Nojoom Al Salam Co. for Investment and Real Estate Development. In a statement to Tadawul, WAJA said the contract is valued at approximately SAR 12.9 million, inclusive of VAT, with a duration of six months. The company expects the contract to positively impact its revenues in the fourth quarter of this year. Under the terms of the agreement, WAJA will execute all interior and exterior finishing works for the project, including architectural, electromechanical, and landscaping works across the entire site.
Yahoo
26-05-2025
- Business
- Yahoo
Wereldhave announces first joint venture, with Sofidy (Tikehau Group), acquiring shopping center Stadshart Zoetermeer in the Netherlands
Wereldhave and Sofidy (Tikehau Group), a leading European real estate investment and asset management firm, have partnered on the acquisition of shopping center Stadshart Zoetermeer, and parking garages, in Zoetermeer, the Netherlands, from Unibail-Rodamco-Westfield. The asset has a total gross lettable area of approximately 59,000 m² (excluding parking). This acquisition marks Wereldhave's first joint venture and aligns fully with the company's strategy and acquisition criteria. Wereldhave will act as asset, property and leasing manager with the view to enhance the value for all stakeholders through its proficient Dutch asset management platform and by implementing its LifeCentral strategy. The total purchase price amounts to € 150m (€ 165.6m including transaction taxes) with Wereldhave investing a 15% equity stake. The joint venture is partly (40% loan-to-value) financed through a secured green five-year loan from a leading Dutch bank. The transaction will have a positive annualized impact on Wereldhave's Direct Result Per Share (DRPS) of € 0.04. Matthijs Storm, CEO of Wereldhave commented: 'We are proud to take this step together with Sofidy, marking the first joint venture as part of our recently reported new management agenda 2025-2027. This partnership allows us to leverage our management expertise while investing a minority stake, in line with our strategy of value creation through active asset management.' The transaction is scheduled to close at the end of the second quarter of 2025. About shopping center Stadshart Zoetermeer Stadshart Zoetermeer is a prime mixed-use shopping center including high street and daily-life retail, F&B operators, services, ancillary office space as well as various parking garages. The center comprises of ca. 59,000 m² GLA (excluding parkings) and is located in the city center of Zoetermeer, a growing urbanization in the heart of the Randstad, very well-connected to The Hague and Rotterdam. The center, with over 110 tenants, is anchored by a strong mix of international and national brands, including Albert Heijn, Hema, MediaMarkt, Kruidvat, Primark, JD Sports, TK Maxx, H&M, MS Mode, and more. Stadshart Zoetermeer attracts over 8 million visitors annually, making it a key retail destination in the region About Sofidy (Tikehau Group) Sofidy is a leading European real estate investment and asset management firm. The company manages several real estate investment funds throughout Europe mainly dedicated to retail and office properties. Approved by the AMF (the French financial markets regulator), Sofidy is wholly owned by the Tikehau Group, listed on Paris stock exchange. Attachment PR 26-5-2025 - Wereldhave announces first JV with Sofidy acquiring Stadshart ZoetermeerError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBC
12-05-2025
- Business
- CBC
Brunswick Square looks to fill vacancy
Stephanie Turner is part of a new leasing team for the once-busy uptown mall. She joins the show to speak on Brunswick Square and why there is new found hope for the shopping center.
Associated Press
12-05-2025
- Politics
- Associated Press
Poland orders closure of Russian consulate in Krakow, citing arson attack blamed on Moscow
WARSAW, Poland (AP) — Polish Foreign Minister Radek Sikorski said Monday that he was ordering the closure of Russia's consulate in the southern city of Krakow after Polish authorities said Russia was responsible for a fire that destroyed a shopping center in Warsaw last year. 'In connection with the evidence that the Russian special services committed a reprehensible act of sabotage against the shopping center on Marywilska Street, I have decided to withdraw my consent to the operation of the consulate of the Russian Federation in Krakow,' Sikorski said in a statement. The fire broke out May 12, 2024, in the Marywilska 44 shopping center that housed some 1,400 shops and service points. Many of the vendors were from Vietnam, and it inflicted tragedy on many in Warsaw's Vietnamese community.
