Carrefour Sells 365M EUR of Property Assets

Being the world’s second retailer behind Wal-Mart has apparently not rendered Carrefour immune from the global real estate crisis. The french retailer announced Tuesday that it has sold 97 of its supermarket properties to an asset manager. The total amount for all sales is 365 million euros or $476.91 million. La Française AM the buyer,

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Ikea and Wal-Mart Buy Chinese Retail Space

Ikea and Wal-Mart are just two of the foreign retailers choosing to buy land in China in a departure from renting. Last year, Wal-Mart, which is the largest retailer in the world, bought land in north-eastern Dalian, and Ikea is to spend $1.2 billion on building 510,000 square meters of malls. Foreign retailers are increasingly

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