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Poland's retail market attempts to catch its breath


Poland s retail market attempts to catch its breath
According to JLL, between January and March 2021, nearly 93,000 sqm of retail stock was delivered, a result comparable to the same period last year. The structure of new supply included only two large-scale formats: stand-alone retail warehouses (55% of new space) and retail parks (31%). Convenience centres claimed the remaining 14%. The largest scheme delivered was an Agata Meble store (11,000 sqm) in Jelenia Góra.
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Developer activity - the end of the dominance of large assets?
Nearly 490,000 sqm of retail space remains under construction across all formats. The projected mix of new supply in 2021 reflects the trend for convenience and local shopping that became more marked during the pandemic. ....

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Henley Completes Exit of Las Vegas Market with Sale of Large Workforce Housing Portfolio


Henley Completes Exit of Las Vegas Market with Sale of Large Workforce Housing Portfolio
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BOSTON, April 20, 2021 /PRNewswire/  Henley investments, a leading private equity real estate firm based in the UK and the US, together with partners Tower 16 Capital Partners, has sold three workforce housing communities in Las Vegas, totalling 1,165 units for $182m.
Since acquiring the properties in September and November of 2018 and July of 2019, the partnership has implemented a program of interior and common area renovations, and in turn has delivered compelling returns for investors and a material increase in value well in advance of their underwriting. ....

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