Every client is precious and valuable to us. In the marvelous new concept store you will find a platform for easy and enjoyable shopping, assisting you every step of the way and giving you the family feel you will not get anywhere else. We offer the best possible prices and constantly work out special deals and promotions to enhance your satisfaction. Extraordinarily wide ranges of all kinds of products covering multimedia, travel accessories and fashion, but also exclusive watches and jewelry, represent a unique assortment. MISSION & VALUES We provide quality service in duty-free operations for the maritime sector, the diplomatic corps and the international air traveler. “Boarding Lounge”, a new brand focusing on international air travelers, also came into being in 2012. The Diplomatic House moved from Brussels to the headquarters in Antwerp. In 2012 we celebrated our 30th anniversary with a grand opening of a new and luxurious 1600m² concept store in Antwerp. Following successful growth, two brands were created in 2007: “Sunny” for the maritime services and “The Diplomatic House” for the diplomatic corps, with a physical Diplomatic House in Brussels. By 1999, the company had changed its name to Sunny Europe and moved to the present location in the port of Antwerp. In a gloomy sector, so-called big boxes are a bright spot.More Information: HISTORY Sunny Europe was established in the center of Antwerp in 1982 as Sunny Radio.
Meanwhile, listed real estate investment trusts which own industrial warehouses trade at a narrowing discount to net asset value, according to S&P Global Market Intelligence. Direct asking rents of industrial buildings have grown steadily to about $9 per square foot, from about $6 per square foot in 2019, according to commercial real estate services firm Avison Young. It’s a state of affairs playing out across the industry.
In other words, income will rise as leases come up for renewal. But that ratio, known in the industry as the cap rate, rises to 5.75% when applying current market rents. According to the two companies, the net operating income generated by the warehouses is 4% of the acquisition price. Warehouses, especially those in populated centers, are sought-after for a few reasons: More people are shopping online, space is scarce, and construction costs keep rising. That’s a sharp contrast to other landlords saddled with office buildings or shopping malls. The portfolio includes 14 million square feet of industrial properties in cities like Atlanta, Phoenix and Dallas, and the deal is premised in part on rising rents. Blackstone (BX.N) highlighted one of them on Monday when the investment firm led by Steve Schwarzman agreed to sell a group of warehouses to Prologis (PLD.N) for $3 billion. commercial real estate industry is mired in gloom, but some pockets are still sunny.
NEW YORK, June 26 (Reuters Breakingviews) - The U.S.
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