New Jersey retailers are reporting a busy Black Friday shopping weekend, even as many forecasters believed e-commerce would minimize foot traffic in area shopping centers. Westfield Garden State Plaza anticipated 100,000 shoppers and reported a "robust" start to the holidays, while nine Simon-owned centers in the state were at least as crowded as last year.
CapitaMall Trust has increased the maximum aggregate principal amount of notes under its euro-medium term note program to $3 billion from $2 billion. The move, which is effective immediately, has been granted approval by the Singapore Exchange Securities Trading.
Interserve in the U.K. and Scottish company Tiger Developments are partnering to build a mixed-use retail center in Edinburgh, Scotland, for $242.8 million. Tenants will include Tesco, Staycity, Prezzo and Pret a Manger.
Retail conditions in Europe are still declining although the rate of decline has slowed, according to International Council of Shopping Centers' Euro-Shop Index. Also, the Expectations Index suggests that the market will not deteriorate further over the next six months.