Transactions - DECEMBER 3, 2021

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CBRE Investment Management and Portus Retail closes largest European single-asset retail park transaction in two years

by Released

CBRE Investment Management, on behalf of the European Co-Investment Fund (ECF), has sold BIG Shopping Park in Copenhagen, owned in a joint venture with Portus Retail Partners, to M&G Real Estate. The sale represents one of the largest European single-asset retail transactions, and for the Nordics region, it is the second-largest single-asset retail transaction to have closed since the beginning of the pandemic.

Opened in 2015, the 40,700 square-meter (438,000-square-foot) shopping park is in the Copenhagen retail market and is a hybrid between a retail park and shopping center. Fully occupied by 24 tenants, the shopping park is anchored by two supermarkets and two large electronic stores. BIG presents a diverse tenant mix also offering fashion, furniture/DIY stores, restaurants, cafes, a cinema, a gym and an indoor playground. The big-box scheme has remained open throughout the pandemic, leading to a continued high volume of visitors despite restrictions.

“As a c

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