APG news and archive

URW acquires stake in Edinburgh’s St James Quarter and will rebrand as Westfield

Unibail-Rodamco-Westfield (URW), the parent company of shopping centre chain Westfield, has acquired a 25 percent stake in Edinburgh’s mixed-use destination, St James Quarter, from Nuveen Real Estate. The move forms a new joint venture with majority owner APG, which retains its 75 percent stake in the 110 retail, leisure and dining destination,...

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VIA Outlets “accelerates growth” in 2019

VIA Outlets, a joint venture between APG and Hammerson that owns eleven premium fashion outlets in nine European countries, has reported continued strong growth for FY 2019, with a 8.4 percent increase in brand sales and 6.1 percent rise in footfall growth. Europe's fastest-growing owner-operator of premium outlet shopping destinations has...

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Hammerson and APG increase their ownership in VIA Outlets

VIA Outlets, the fastest-growing owner-operator of premium outlet centres in Europe, has confirmed that both Hammerson and APG have each increased their ownership to create a 50:50 joint venture to “streamline” the structure of the business. Hammerson and APG have increased their shares in the 1.6 billion euro premium outlet business by over 3...

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Dutch companies to invest in Indian retail

Two Dutch companies are investing 450 million dollars (nearly Rs 3000 crores) in retail assets in India. APG Asset Management is a pension fund and Xander is an investment firm. The two firms have bought three shopping centers in the country. APG is investing 77 per cent of the funds, and Xander the rest. As per a Xander Group executive the...