Hotels & Leisure
Property Week
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Blackstone buys $1.9bn hotels chains
25 May 2012
Accor has agreed to sell its United States Economy Hotels Division to an affiliate of Blackstone Real Estate Partners VII, for $1.9bn.
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Lloyds checks out of £500m hotels group
24 May 2012
Conference hotel owner Principal Hayley is latest disposal from HBOS legacy
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Sales soar at Young's after brewery arm disposal
24 May 2012
Pub group Young’s unveiled a 25.5% rise in revenue to £179m this morning, while adjusted profit before tax also shot up 17.4% to £21m.
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Shaftesbury continues to impress with solid first-half figures
23 May 2012
Shaftesbury this morning posted another good set of financial results, showing London’s West End is still a ‘different world’.
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Knight Frank poaches Savills director
23 May 2012
Knight Frank has poached Savills’ director of UK leisure and retail investment in advance of the launch of a leisure and out-of-town retail team.
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Knight Frank poaches top Savills leisure agent to launch new team
23 May 2012
Knight Frank has poached Savills’ director of UK leisure and retail investment as it prepares to launch a new leisure and out-of-town retail team.
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Blackstone buys Accor's $1.9bn US Economy Hotels Division
22 May 2012
Accor has agreed today to sell its United States Economy Hotels Division to an affiliate of Blackstone Real Estate Partners VII, for $1.9bn.
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MASH to open at Crown Estate's Quadrant 3 scheme
21 May 2012
MASH, the Modern American Steak House, has signed to open a restaurant at the Crown Estate’s £300m Quadrant 3 development which fronts on to Brewer Street.
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Rossopomodoro signs fifth UK site
18 May 2012
Italian restaurant chain Rossopomodoro has secured its fifth UK location on Rufus Street, near London’s Hoxton Square.
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Developers in Dubai have revealed plans for the world's first underwater hotel.
18 May 2012
Developers in Dubai have revealed plans for the world’s first underwater hotel.
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Hotel's new digs
18 May 2012
A hotel operator is close to buying Belfast Metropolitan College in the city centre.
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Out-of-town Essex is only way for Aquila
18 May 2012
Aquila Developments has been given a resolution to grant detailed planning consent for the £20m Causeway, a 70,000 sq ft out-of-town retail scheme in Maldon, Essex.
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Russian spends €22m on Dublin hotel
18 May 2012
Yelena Baturina buys the Morrison from NAMA for chain. Christine Eade reports
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St Ermin’s on block at £150m
18 May 2012
The four-star St Ermin’s Hotel in Westminster has been put up for sale for around £150m after a refurbishment and extension.
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Green light for Trowbridge leisure scheme
17 May 2012
Developer Prorsus has been given planning permission for its 155,000 sq ft Innox Riverside scheme in Trowbridge, Wiltshire.
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Seven wins consent for Shoreditch hotel
17 May 2012
Leisure investor Seven Capital has secured planning permission for a 125-bed hotel in Shoreditch, east London.
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MWB sells Bistro du Vin sites
17 May 2012
MWB Group has sold its two Bistro du Vin restaurants in London to the growing Burger and Lobster restaurant chain for £1.2m.
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Hammerson signs cinema anchor for Centrale extension
16 May 2012
Hammerson has signed Showcase Cinema de Lux as an anchor for its £50m leisure extension at Centrale, Croydon.
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Cushman leisure head joins Dubai investor
16 May 2012
Chris Warren, head of leisure and restaurants at Cushman & Wakefield, is leaving the firm to join a Dubai investment company.
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Buddha-bar returns to the UK
15 May 2012
Global bar brand Buddha-bar is set to relaunch in the UK after buying the 11,000 sq ft Chicago Rib Shack site in London’s Knightsbridge for close to £1.5m.
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Rank in £205m Gala Casino deal
14 May 2012
Rank Group has agreed to acquire Gala Casinos for £205m, creating the largest casino operator in the UK.
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Dover development scheme approved
11 May 2012
Developer BondCity Limited’s £20m regeneration project in the centre of Dover was given planning consent by Dover District Council last night.
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Broadgate ‘arena’ unveiled
11 May 2012
The retail and leisure areas of Broadgate in the City of London are set for a facelift.
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Manchester Arena may be sold
11 May 2012
Loan maturity next year prompts exploration of options. David Hatcher reports
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US firm adds Insite to asset manager
11 May 2012
Insite Asset Management has formed a strategic alliance with US advisory and valuations firm GS Realty Group to find, purchase and manage retail and leisure properties across Europe for third-party clients.
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Paris Hilton’s gym to open in London
9 May 2012
US fitness and leisure group Equinox is to open its first London outlet at the Kensington Roof Gardens building.
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Tsuru Sushi to open new concept in Soho
8 May 2012
Tsuru Sushi, the London-based restaurant chain, is to open a new concept called Tonkotsu Bar & Ramen, at the former Cafe Creperie site in Soho.
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Capita Symonds forms hotel investment partnership
8 May 2012
Capita Symonds has launched a partnership with hotel developer Oxford Hotels and property investment vehicle Equiture to target investment and asset management opportunities across the £10bn hotel sector.
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Chelsea heads for Battersea battle with Boris
4 May 2012
Chelsea football club today confirmed that it had submitted an offer to buy Battersea Power Station.
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America wins The Belfry golf course
04 May 2012
Bankrupt Sean Quinn irons out £90m sale details with US private equity investor KSL
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Canadian club deal
04 May 2012
Canadian pension fund manager PSP Investments and Starwood Capital are selling five Westin hotels in Canada at more than C$750m (£468m).
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Market murmurs as Hereford stocks up on retail and leisure
04 May 2012
Cattle market to be converted, but locals fear city centre will suffer. Christine Eade reports
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Starwood Hotels returns to Iraq
04 May 2012
Starwood Hotels & Resorts has agreed to re-enter Iraq, 20 years after the Gulf War forced its exit.
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Cushman & Wakefield: Quarterly Leisure Review - April 2012
3 May 2012
In a difficult climate for retailers it has become increasingly important for landlords to add some ‘theatre’ to their retail assets to help drive footfall and increase customer dwell time.
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LandSecs in Nottingham leisure buy
3 May 2012
Land Securities has acquired The Cornerhouse leisure scheme in Nottingham from BP Pension Fund for £50m.
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Birmingham £30m hotel restoration gets green light
2 May 2012
Ambitious plans to restore Birmingham’s Grand Hotel to its former glory have been give the go ahead by Birmingham City Council, TheBusinessDesk.com reported today.
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LandSecs buys 10% stake in X-Leisure
27 April 2012
Land Securities has bought a stake of just more than 10% in the £282m X-Leisure fund.
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British Land trims £33m of Virgin Active fat
27 April 2012
British Land has sold five Virgin Active health clubs it bought in a portfolio last summer for £33m — a net initial yield of 6.5%.
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Care home seeks sanctuary in Telford
27 April 2012
Following the sale of a 1.1 acre site o Sanctuary Group in March, work will begin on the £8m Extra Care assisted living residential scheme at Lawley Village next month.
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Dungeon masters site move
27 April 2012
Merlin Entertainments’ London Dungeon was on Tuesday night granted planning consent to move from its site on Tooley Street under London Bridge Station to Waterloo.
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In-flight entertainment
27 April 2012
British Airways this month launched a pop-up shop in London’s Shoreditch called Flight BA2012.
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Pure Gym fighting fit and ‘not for sale’
27 April 2012
Founder says adviser called in to discuss expansion plans. Rachel Hunter reports
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Q+A: Trebor prepares Grand opening in Birmingham
27 April 2012
Bob Tattrie, managing director of Birmingham-based Trebor Developments (so called because it is his name backwards) spoke to Sarah Stewart about the redevelopment of the Grand Hotel on Colmore Row in the city centre and its other plans
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Smokin’ deal for Frazier’s Philly gym
27 April 2012
Joe Frazier’s gym in the US city of Philadelphia has been put up for sale at a “punchy” guide price of $999,000.
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Wolseley founders serve stake
27 April 2012
The owners of London restaurant the Wolseley are to sell a stake in their operating company for £21m.
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Whitbread reports strong results
26 April 2012
Whitbread, the owner of Premier Inn and Costa Coffee, reported strong results for the year to 1 March 2012 this morning.
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Wolseley owners get £21m cash injection
25 April 2012
The owners of The Wolseley in London are to sell a stake in their restaurant group for £21m.
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CSC to open aquarium at Trafford Centre
25 April 2012
Capital Shopping Centres is understood to be planning to open an aquarium at the Trafford Centre.
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London Dungeon to move to Waterloo
25 April 2012
Merlin Entertainments’ London Dungeons was last night granted planning consent to move from its current location on Tooley Street in London Bridge to Waterloo.
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Lloyds steps up £25bn Irish distressed loan workout
24 April 2012
Lloyds Banking Group has appointed advisers for two parts of its strategy to work through its £25bn Irish property headache.
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Celebrity chef Nick Nairn to open cookery school in Aberdeen
24 April 2012
Celebrity chef Nick Nairn has signed to open a cookery school and shop in Aberdeen.
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De Vere exchanges to sell in Bournemouth and Warrington
23 April 2012
De Vere Group has exchanged contracts to sell two hotels for £20m.
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British Land sells Virgin health clubs
23 April 2012
British Land has sold five Virgin Active health clubs it bought in a portfolio last summer for £33m.
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Brazilian fund leads $4.6bn fundraising in March
20 April 2012
Unlisted real estate funds raised $4.6bn around the world in March, double the amount in February, reports Indirex, the new global online community for the sector.
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Luton airport pair of sites for sale
20 April 2012
The operator of London Luton airport is selling two sites close to the Bedfordshire airport.
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Trowbridge braces itself for box office battle
20 April 2012
Two developers plan cinemas but can Wiltshire town cope with both? Christine Eade reports
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McAleer & Rushe wins 280,000 sq ft Salford consent
19 April 2012
McAleer & Rushe was this morning granted planning consent for a 290,000 sq ft mixed use scheme in Salford.
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Senior figure sought for £10m Wrexham FC development
19 April 2012
Wrexham Glyndwr University is looking to appoint a senior figure to spearhead a £10m redevelopment of Wrexham FC’s Racecourse Ground, TheBusinessDesk.com reported today.
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Pub company to shed 80 properties
18 April 2012
Spirit Pub Company is to shed 80 pubs, around 10% of its portfolio, TheBusinessDesk.com reported today.
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Jamie Oliver to open in Covent Garden
17 April 2012
Jamie Oliver will open his fifth Union Jacks restaurant in London’s Covent Garden, it was announced today.
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New direction for Yorkshire's YES! backer
17 April 2012
A company which was planning to develop a major leisure resort in South Yorkshire is to become an investment vehicle, TheBusinessDesk.com reported today.
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RGI gets consent for 160-bed Moscow hotel
16 April 2012
RGI International has received planning consent from the Moscow government’s Urban Development Committee for a 160-bed hotel in the city centre.
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Crown Estate steps back from Pall Mall gentleman's club plan
13 April 2012
The Crown Estate last night stepped back from plans to debut a new “gentleman’s club” themed restaurant and wine bar concept, led by the former chief executive of Searcy’s, on London’s Pall Mall.
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Budget hotels give bang for buck
13 April 2012
Travelodge takes steps to refinance debt as rival Premier Inn advances and new names enter sector. Rachel Hunter reports
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Harry Potter and the Development Manager
13 April 2012
Landid co-founders Trevor Silver and Stephen Morgan were tasked with working their development magic on the creation of Warner Bros’ glossy Harry Potter film studios visitor attraction in Watford. Sarah Stewart reports. Photographs by Tim Foster
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Harry Potter and the Development Manager
13 April 2012
Landid co-founders Trevor Silver and Stephen Morgan were tasked with working their development magic on the creation of Warner Bros’ Harry Potter film studios visitor attraction in Watford. Sarah Stewart reports. Photographs by Tim Foster
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Travelodge chief executive to step down
12 April 2012
Travelodge’s chief executive Guy Parsons will leave the company next week following an injection of cash from two US hedge funds.
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Christie & Co instructed to sell four hotels
12 April 2012
QHotels has instructed Christie + Co to sell four hotels from its portfolio following a review of its business, ThebusinessDesk.com reported today.
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Mantis awards Nigeria five stars
05 April 2012
South Africa-based luxury hotel owner-operator Mantis is expanding its brand globally by developing three boutique hotels in Nigeria
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New venture hopes to bridge apartment-hotel gap
05 April 2012
Bridgepoint Ventures aims to roll out apart-hotel concept across Europe. Rachel Hunter reports
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Topland beds down in hotel market
05 April 2012
Cash-rich group adds to portfolio and hopes to invest further. Rachel Hunter reports
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Topland buys Bath hotel
05 April 2012
Topland Group has bought the Royal Crescent Hotel in Bath from the Von Essen portfolio for around £19m after the Livingstone brothers pulled out of the sale.
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Two RBS Isobel loans in administration
05 April 2012
Administrators were last week appointed to two of the loans in the Project Isobel portfolio - the first administrations from the UK loan portfolios sold by taxpayer-owned banks.
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Von Essen’s hotel Heartbreak
05 April 2012
Mike Phillips uncovers the details of one of the sector’s most catastrophic collapses
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Prezzo profits up 14%
4 April 2012
Prezzo is set to open 20 new restaurants this year after growing revenues by nearly 20% in 2011.
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Burrito chain plans southern expansion
3 April 2012
Northern burrito chain Barburrito, is planning to expand south off the back of a £3.25m investment deal from the Business Growth Fund, TheBusinessDesk.com reported today.
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Citygrove to develop £100m Express Dairies site in South Ruislip
2 April 2012
Citygrove has been selected to undertake a £100m scheme on the former Express Dairies site in the heart of South Ruislip, London.
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Topland buys Von Essen Royal Crescent Hotel in Bath for £19m
2 April 2012
Topland Group has bought the Royal Crescent Hotel in Bath from the Von Essen portfolio for around £19m after the Livingstone brothers pulled out of the deal.
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Ontario Teachers Pension Plan makes approach for Goals
2 April 2012
Ontario Teachers’ Pension Plan has made an approach to buy Goals Soccer Centres.
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Essex County Cricket Club and University of East London bid for Olympic Stadium
30 March 2012
Essex County Cricket Club and the University of East London have made a joint bid to occupy the Olympic stadium after the Games this year.
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PCP’s great expectations
30 March 2012
Dubai-based Amanda Staveley is expected to push the speculative button on a 1m sq ft scheme at Arundel Great Court near London’s Strand, after buying it from Land Securities this week.
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Property’s administration trend is here to stay
30 March 2012
The steady drip of property companies entering administration continued this week, as a hotel owner and a north-west-based developer trader went to the wall.
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Quinlan sued by his own company over unpaid bills
30 March 2012
Hotel debts and interest paid by Barclay brothers
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X-Leisure loses rent battle
30 March 2012
High Court rules that landlords will not recoup unpaid rent before appointment of administrators
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Hotel La Tour plans "rapid expansion" following Birmingham debut
29 March 2012
Independent operator Hotel La Tour says it is targeting rapid expansion across the UK following the launch of its first venue in Birmingham, TheBusinessDesk.com reported today.
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Côte signs for West End flagship at Christopher's Place
27 March 2012
Côte Restaurants has signed to open its West End London flagship restaurant at 6-8 St Christopher’s Place.
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McKillen v Barclay brothers case hears of £5m management fee
27 March 2012
The court battle between Irish property investor Paddy McKillen and the Barclay brothers over £1.1bn of London hotels yesterday centred over a £5m-a-year management fee McKillen was due to be paid.
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Carrefour bound for Balkans in Macedonia mall opening
23 March 2012
Carrefour, Inditex and Cineplexx have signed to anchor the €90m Skopje City Mall, which will be Macedonia’s first modern shopping centre.
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LaSalle pays princely sum in Edinburgh
23 March 2012
LaSalle Investment Management has bought the redeveloped 121-123 Princes Street in Edinburgh from Irish developer Deramore Property Group for around £34m.
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Livingstone brothers check out Cambridge
23 March 2012
Ian and Richard Livingstone, the property tycoon brothers behind developer London & Regional, are in talks to buy the Crowne Plaza in Cambridge.
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Princesshay pair progress plans
23 March 2012
Land Securities and the Crown Estate are working up plans for a large leisure and retail scheme in Exeter, next to their Princesshay shopping centre.
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Von Essen leaves Lloyds and Barclays £140m out of pocket
23 March 2012
Administrator report for collapsed hotel company shows banks will lose more than half what they lent
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Jamie Oliver to open fourth Union Jacks at Bluewater
21 March 2012
Jamie Oliver has signed to open his fourth Union Jacks restaurant at Bluewater.
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Farrell to plan Ally Pally revamp
21 March 2012
Sir Terry Farrell has been hired to draw up plans for the redevelopment Alexandra Palace, the events venue in north London.
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Britannia buys Scarborough hotels
20 March 2012
Britannia Hotels has picked up two hotels based in Scarborough from administrators, TheBusinessDesk.com reported today.
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Crown Estate unveils £400m St James's plans
16 March 2012
The Crown Estate has today unveiled plans for a £400m redevelopment of three sites in St James’s which will deliver 300,000 sq ft of speculative mixed use space in the west end.
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All Star bowls into Manchester
16 March 2012
All Star Lanes has taken a 19,000 sq ft unit at the Great Northern Warehouse in Manchester, its first location outside London.
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Camden’s Koko finds Russian buyer
16 March 2012
The former Russian deputy finance minister has bought a grade II-listed music venue in London that was formerly known as the Camden Palace.
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Gloucester Quay change
16 March 2012
Peel Group’s Gloucester Quays retail outlet scheme has won planning consent for a refurbishment and £60m leisure quarter extension.
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Greenhouse effect
16 March 2012
Melbourne-based designer Joost Bakker plans to bring his sustainable pop-up cafe concept, Greenhouse, to London next year.
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Jumeirah to sell New York hotel
16 March 2012
The Jumeirah Essex House Hotel on the edge of New York’s Central Park is likely to be put up for sale for $500m.
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Kuwaiti investor helps Tobacco Dock turn over new leaf
16 March 2012
Long-vacant site will have hotel, flats and public realm. Hardeep Sandher reports
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Union Investment buys hotel development in Paris
15 March 2012
Union Investment Real Estate has acquired a four-star business hotel development in the La Défense business district of Paris.
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Premier Inn secures eight new sites
15 March 2012
Premier Inn has secured eight new sites in a week as part of national expansion programme.
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Barclays and RBS refinance St Pancras hotel
15 March 2012
Barclays and Royal Bank of Scotland have re-financed the St Pancras Renaissance Hotel in London’s King’s Cross
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Major casino scheme at Birmingham's NEC secures approval in principle
15 March 2012
Plans for a 500,000 sq ft leisure scheme at the National Exhibition Centre in Birmingham have been granted approval in principle.
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Enterprise Inns sells portfolio to pub rival
12 March 2012
Solihull pub companby Enterprise Inns has completed the sale of a portfolio of pubs to London rival to Fuller Smith & Turner, TheBusinessDesk.com reported today.
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East End Glasgow
09 March 2012
An exhibition of paintings that depict the construction of the Riverside Transport Museum in Glasgow opens today in London’s East End.
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Hilton checks out of Newark over community levy
09 March 2012
Newark, in Nottinghamshire, will be deprived of one of Hilton’s budget brands of hotel unless its developer, Manorcrest, can persuade Newark and Sherwood District Council to forgo the community infrastructure levy.
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Holiday Inn finds Balls to build hotel
09 March 2012
Plans were this week submitted to Tower Hamlets Council to convert the former Balls Brothers headquarters in Bethnal Green, east London, into a Holiday Inn Express.
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Leeds venue gets its acts together
09 March 2012
“Arena Quarter” starts to take shape. Rachel Hunter reports
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Singaporean faces £750m hotel bill
09 March 2012
The Royal Bank of Scotland is close to selling a portfolio of 42 Marriott hotels for almost £750m — providing a rare vote of confidence in the UK regional hotel market.
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X-Leisure in Luminar litigation over administration rents
09 March 2012
Leisure park owner takes legal action against administrator Ernst & Young
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Pyrrho welcomes Balfour-Lynn’s resignation from MWB
8 March 2012
MWB Group’s largest independent shareholder, Pyrrho Investments, has welcomed the resignation of chief executive Richard Balfour-Lynn and called on the board to tackle the structural deficiencies in the group’s capital structure.
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BNP Paribas Real Estate: European Hotels Market - H2 2011
8 March 2012
At €6.8bn in 2011, investment in hotels in France, Germany, Italy, Spain and the UK continued the recovery started in 2010.
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Savills: UK Hotel Investment - Spring 2012
8 March 2012
UK investment volumes held in 2011, up 0.8% to £1.5bn, with 68% of this focused on London and the South East.
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Travelodge brings Little Chef leases to market
8 March 2012
Travelodge has brought forty-eight roadside restaurant leases to the market following Little Chef’s decision to close are large part of its portfolio.
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Balfour-Lynn quits MWB
8 March 2012
Richard Balfour-Lynn has resigned as chief executive of MWB Group.
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Cap & Reg increases NAV by 11% in strong 2011 results
7 March 2012
Capital & Regional posted better-than-expected annual results this morning.
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Wyndham Grand hotel in Chelsea for sale for around £80m
5 March 2012
London’s only five star all-suite hotel, The Wyndham Grand overlooking Chelsea Harbour, has been put up for sale for around £80m.
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Avestus checks out of Prague Four Seasons
02 March 2012
One of the Czech Republic’s top hotels, the Four Seasons in Prague, has been put up for sale for around €80m.
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Brum park to mix shops with great outdoors
02 March 2012
Eagle One to create £25m “try before you buy” scheme at Evesham Country Park
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Conran has designs on €100m Tuscan hilltop idyll
02 March 2012
Sir Terence Conran is to transform a Tuscan hilltop village into a €100m luxury residential resort.
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MIPIM icons set for sales
02 March 2012
Qatar to buy Martinez, as Carlton to be “flipped”
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Pidgley pounces on Reubens’ riverside site
02 March 2012
Berkeley’s St James subsidiary to take over Foster-designed aparthotel and flats
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Welcome to America: The latest food trends in London
02 March 2012
A posse of pioneering restaurants is heading to the UK from the Americas. Rachel Hunter reports
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500th opening for Travelodge as it announces ambition expansion plans
1 March 2012
London’s biggest hotelier, Travelodge opened its 500th hotel in Stratford today as it announced that it is seeking to open a further 184 hotels across the capital by 2025.
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Grosvenor and Derwent complete Hyde Park Corner JV
1 March 2012
Grosvenor and Derwent London have formalised their joint venture to redevelop the 168,000 sq ft 1-5 Grosvenor Place into a luxury mixed use scheme.
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Wetherspoon wins damages against agent in Fraud case
29 February 2012
JD Wetherspoon has been awarded damages from the beneficiaries of five of the property transactions in which the value pub chain was the victim of “fraud and dishonest breach of duty” by its property agents.
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Luxury Yorkshire hotel gets funding boost
28 February 2012
A multi-million pound tranche of funding has been agreed to further develop luxury hotel Raithwaite Hall Country Retreat near Whitby in Yorkshire, TheBusinessDesk.com reported today.
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Property Week Podcast: Luca del Bono on London's luxury leisure
27 February 2012
Leisure entrepeneur Luca del Bono gave a rare interview to Property Week’s podcast host James Max this week.
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Decathlon gets set for first ‘sports village’
24 February 2012
Parent Oxylane to debut leisure and retail concept at site near Nottingham
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Seven dives into Shoreditch
24 February 2012
Seven Capital has submitted plans this month for a 125-bed hotel at a site in east London’s Shoreditch.
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Swindon’s Regent Circus recruits acts
24 February 2012
Cineworld, Nando’s and Prezzo prelets enable first phase to begin. Sarah Stewart reports
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Travelodge hedge fund takeover is wake-up call for landlords
24 February 2012
The property industry will be watching with interest the financial restructuring of Travelodge — one of the hotel brands to have taken multiple prelets that helped start the development of dozens of new schemes in the last year.
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Victoria to undergo retail therapy
24 February 2012
Plans have been submitted for an upmarket retail and leisure project in the heart of London’s Victoria.
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BGC buys struggling Grubb & Ellis
21 February 2012
BGC Partners, the acquisitive financial services firm which acquired Newmark Knight Frank last October, has expanded its property services platform by buying struggling US firm Grubb & Ellis.
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Revamp planned for Liverpool's Philharmonic
17 February 2012
The Royal Liverpool Philharmonic Society is planning a major refurbishment of the city’s Philharmonic Hall building, TheBusinessDesk.com reported today.
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Bring back CMBS — all is forgiven
17 February 2012
Three securitisations in 2012 give hope of a rejuvenation of sector. Mike Phillips reports
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Hotel operators form an orderly Cuban
17 February 2012
A luxury operator is being sought for The Wellesley, a 36-suite townhouse hotel likely to appeal to cigar aficionados hit by the smoking ban.
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Hotels spring up across spa city
17 February 2012
Jones Lang LaSalle data show Bath will have 630 new hotel rooms, thanks to a planning appeal and relaunch of a stalled scheme.
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Legal & General gets Trowbridge leisure go-ahead
16 February 2012
Legal & General Property has been given the go-ahead to build a new retail and leisure district for Trowbridge.
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Man U fan attempts to block City training complex
13 February 2012
A Manchester United supporter who owns land earmarked for a new Manchester City training complex is attempting to block its development by selling off parcels to members of the public.
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Camden's Koko seeks buyer
10 February 2012
Koko in Camden, one of London’s best-known music venues and nightclubs, has been put up for sale.
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Grosvenor aims for five stars in West End
10 February 2012
Developer seeks partners for projects in Mayfair and Belgravia. Hardeep Sandher reports
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HSBC funds £200m scheme by Bullring
10 February 2012
Salhia Real Estate secures rare development finance outside London
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Savills poaches JLL Hotel's senior vice president
8 February 2012
Savills has poached one of Jones Lang LaSalle Hotels’ senior vice presidents.
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Little Chef restructured to break "deadlock with landlords"
7 February 2012
RCapital has completed the restructuring of roadside eatery Little Chef which has resulted in the closure of around 67 sites.
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Jurys out on hotel chain cash injection
03 February 2012
Jurys Inn owners aim to restructure debt, but sale is still possible
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Nobu joins Shoreditch set
03 February 2012
Michelin-starred restaurant group to open follow-up to Las Vegas hotel, near Silicon Roundabout
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Radisson Leicester Square treble
03 February 2012
Radisson Edwardian has bought the 0.47 acre Odeon Leicester Square site and plans to more than triple the size of its existing hotel at the popular central London tourist destination.
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Premier Inn gets £10m Bristol hotel green light
2 February 2012
Premier Inn has secured planning permission for a 175-bed hotel in Bristol city centre.
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Livingstone brothers complete Cliveden buy
2 February 2012
Richard and Ian Livingstone have completed their purchase of the Cliveden House Hotel, the hotel made famous in the Profumo affair.
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OFT to examine Reubens' racecourse takeover
1 February 2012
The Office of Fair Trading is to investigate the £167m acquisition of racecourse operator Arena Leisure by Aldersgate Investments, the investment vehicle of the Reuben Brothers, TheBusinessDesk.com reported today.
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Northern Irish developer gets £30m go-ahead in Liverpool
1 February 2012
Northern Irish developer Benmore has gained planning approval for a £30m New Mersey Leisure scheme in Speke, south Liverpool, TheBusinessDesk.com reported today.
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Spurs to build new stadium next to White Hart Lane
31 January 2012
Tottenham Hotspur will build a new stadium next to their existing White Hart Lane home as part of a new regeneration agreement.
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NAMA deal paves way for giant Leicester Square hotel
30 January 2012
Radisson Edwardian has bought the 0.47 acre Odeon Leicester Square site under plans to more than triple the size of its existing hotel at the popular tourist destination.
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GVA appointed to sell Beetham Birmingham hotel
26 January 2012
GVA has been appointed to sell the long leasehold on a major Birmingham hotel previously owned by Stephen Beetham.
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LaSalle buys Virgin health club for £11m
23 January 2012
LaSalle Investment Management has bought a Virgin Active health club in London for £11m.
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Westminster U-turn on controversial parking charges plan
19 January 2012
Westminster City Council has backed down on controversial plans to introduce evening and Sunday parking charges in the West End.
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£350m tower gets the go-ahead in Croydon
19 January 2012
A scheme to construct a 55 storey high rise tower in the centre of Croydon has been granted planning consent.
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Meliá Hotels to open first UK Innside hotel in Manchester
18 January 2012
Spanish hotel group Meliá Hotels has chosen the 20-acre Manchester city centre gateway site First Street as the location for its first Innside hotel in the UK.
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Sean Quinn's Belfry Hotel bought to the market
16 January 2012
Sean Quinn’s Belfry hotel has been brought to the market through Jones Lang LaSalle Hotels.
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M&G buys Marylebone hotel
16 January 2012
M&G Investments has bought a 92-bedroom hotel in London’s Marylebone for £15.35m.
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Eddisons plans Irish expansion
12 January 2012
Leeds-based surveying firm Eddisons has unveiled growth plans including the launch of a new division and the opening of offices in Ireland, TheBusinessDesk.com reported today.
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Government unveils Airport City masterplan
12 January 2012
Chancellor George Osborne will today unveil a masterplan by MAG Developments for the Airport City scheme near Manchester Airport.
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Gary Neville submits Manchester United supporters' hotel plans
12 January 2012
Former Manchester United defender gary Neville has teamed up with a supporters’ club to submit plans for a hotel and amenity building in the shadow of Old Trafford stadium, TheBusinessDesk.com reported today.
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Brum consent set to land European debut for major hotelier
12 January 2012
Australian hotelier Staywell Group will make its European debut on Birmingham’s Broad Street if planners give the go ahead to a major redevelopment today.
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Malmaison and De Vere in chief executives swap
12 January 2012
Two major hotel operators, Malmaison and De Vere, have swapped chief executives.
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Turnstone gets green light in St Neots
10 January 2012
Turnstone Estates has been granted planning permission by Huntingdonshire District Council for a 32,000 sq ft leisure scheme in St Neots town centre, Cambridgeshire.
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Colliers poaches CBRE Hotels director
9 January 2012
Colliers International has hired a director to its licensed & leisure team from CBRE Hotels.
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Christmas cheer at Bluewater
9 January 2012
Bluewater has reported a strong Christmas period in which footfall for December was up 8% compared with the previous year.
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£30m revamp mooted for Birmingham's Grand Hotel
5 January 2012
The Grand Hotel in Birmingham’s Colmore Row may soon be redeveloped, TheBusinessDesk.com reported today.
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Reubens get extension for racecourse operator takeover plans
3 January 2012
The deadline for a possible takeover of racecourse operator Arena Leisure by the Reuben brothers has been extended for a fourth time, TheBusinessDesk.com reported today.
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Travelodge to target 146 new locations
19 December 2011
Hotel operator Travelodge has today said that it was on the hunt for property in 146 new locations, as well as having exchanged on 44 properties in 2011.
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McKillen uses court to stop Barclays’ Maybourne cash call
16 December 2011
Irish investor amends High Court claim to stop billionaire brothers’ attempt to seize luxury London hotel group
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Curzon to raise curtain on high streets
16 December 2011
Curzon Cinemas is for the first time to expand outside London.
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Drake & Morgan landlady has friends in high places
16 December 2011
Drake & Morgan plans to open two London bars next year. David Hatcher reports
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LandSecs takes bigger bite into leisure market
16 December 2011
Land Securities wants to buy more leisure schemes, after making its debut purchase in the sector in August.
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Leisure investment bounces back in 2011
16 December 2011
The leisure investment market in 2011 is due to transact a higher volume than any year since 2007.
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Need to know: why Lord’s towers are all out
16 December 2011
Earlier this month Almacantar’s plans to develop four residential towers at Lord’s were scrapped by the MCC (Marylebone Cricket Club), which owns the stadium. David Hatcher explains what happened
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Steak restaurants sear into meat-lovers’ minds …
16 December 2011
David Hatcher explains why steakhouses and premium burger outlets are proliferating and, below, reveals why Londoners are increasingly waking up and smelling the artisan coffee
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X-Leisure makes £200m cash call for Area and Cap & Reg
16 December 2011
Specialist leisure fund wants to buy out unit holders and increase its spending power. David Hatcher reports
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Administrators appointed to Beetham Birmingham hotel
14 December 2011
Administrators have been appointed to a 218-bedroom hotel in Birmingham owned by Stephen Beetham.
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Brookfield takes over Atlantis resort
9 December 2011
Canadian property firm Brookfield has taken control of Kerzner International’s vast Atlantis resort in the Bahamas and two other assets following a debt-for-equity swap.
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NAMA tees up £500m Portuguese debt sale
9 December 2011
CBRE instructed to market a portfolio of loans to US and Portugal golf course developer
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QPR's White City quest: Football club lines up LSH for stadium hunt
9 December 2011
Queens Park Rangers this week kicked off a hunt for a new football ground in west London’s White City.
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Raymond Blanc to take Chez Gérard sites into the noir
9 December 2011
The Brasserie Bar Co begins work next month on converting the eight London Chez Gérard restaurants into Brasserie Blanc restaurants.
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Von Essen portfolio bought out of administration
8 December 2011
Private equity firm Patron Capital has teamed up with Halcyon Hotels and Resorts to buy a portfolio of seven properties from the administrators of Von Essen hotels.
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Wynne-Smith to take over as JLL hotels global chief executive
8 December 2011
Jones Lang laSalle has appointed Mark Wynne-Smith as global chief executive of its hotels business.
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Crosstree closes in on Mayfair trophy
8 December 2011
A property company backed by pharmaceuticals mogul Ernesto Bertarelli is close to buying a hotel and office block in London’s Mayfair for between £150m and £160m, PropertyWeek.com can reveal.
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UK's largest restaurant Za Za Bazaar opens in Bristol ahead of rollout
7 December 2011
The largest restaurant in the UK has opened its doors in Bristol ahead of a country-wide rollout.
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Realty Estates in "advanced stages" to find £35m Manchester scheme hotelier
6 December 2011
Realty Estates is in the “advanced stages” of negotiations to lease a 270-bed hotel at its £35m Gateway House scheme in Manchester, TheBusinessDesk.com reported today.
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Renewed threat to Ministry of Sound as Boris calls in neighbouring scheme
2 December 2011
Mayor of London, Boris Johnson today signalled his intention to call in Southwark Council’s controversial decision to refuse planning permission for Oakmayne’s Eileen House scheme in Elephant & Castle
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RBS sells pub business to Scottish & Newcastle
2 December 2011
The Royal Bank of Scotland Group has sold its tenanted pub business to Scottish & Newcastle Pub Company, a subsidiary of Heineken.
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Bahrain's Four Seasons at Bahrain Bay starts construction
2 December 2011
Seasons greetings: Bahrain Bay Development has started construction of a five-star Four Seasons hotel at the $2.5bn waterfront development at Bahrain Bay.
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Balfour-Lynn misses out on £58m De Vere payout
2 December 2011
Former hotel group owners forgo legacy from Lloyds debt restructuring
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Caution: Excessive noise complaints! Investigating Ministry of Sound's planning fight
2 December 2011
Legendary nightclub Ministry of Sound claims two proposed residential schemes nearby will force its closure. David Hatcher investigates
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Marriott hotels lose quarter of value
2 December 2011
The sale of a portfolio of 42 Marriott hotels that was bought for £1.1bn at the height of the market is now expected to attract bids of just more than £700m.
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Macclesfield Town picks St Modwen for new stadium
1 December 2011
Macclesfield Town Football Club has chosen St Modwen to deliver a new stadium for the club as a part of a wider mixed use development.
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Ballymore sells freehold of Radisson Edwardian Canary Wharf to hotel operator
29 November 2011
Edwardian Hotels has bought the freehold of its Radisson Edwardian New Providence Wharf hotel in London for around £37.5m.
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North West hotel group Venture in administration
29 November 2011
Administrators from Baker Tilly Restructuring and Recovery are looking for buyers for three hotels after former parent company Venture Hotel Group was placed into administration yesterday, TheBusinessDesk.com reported today.
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Travelodge exchanges on four sites
28 November 2011
Travelodge has exchanged contracts to open four hotels, each one alongside a chain pub.
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Russian buys £75m St James’s block
28 November 2011
The former Jamaican high commission at 50 St James’s in London’s West End has been sold for around £75m to a Russian investor.
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Pramerica teams up with Paris Inn Group to buy Parisian hotels
28 November 2011
Pramerica Real Estate Investors has joined forces with Paris Inn Group to invest around €60m in Parisian hotels.
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Chez Gerard Group in administration
25 November 2011
The 32-restaurant Chez Gerard Group has been placed in administration.
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Leeds cinema set for redevelopment
25 November 2011
A landmark north Leeds building is to be redeveloped into a supermarketm restaurant and apartments under plans unveiled by ATC Properties, TheBusinessDesk.com reported today.
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Legal & General refinances Leisure Fund
25 November 2011
Legal & General Property has refinanced its Leisure Fund with a £71m facility from Royal Bank of Scotland.
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The Barber of Brazil
25 November 2011
Hush founder Jamie Barber opens the doors of his latest venture, Cabana. Christine Eade reports
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McAleer & Rushe completes £200m W Hotel sale
24 November 2011
McAleer & Rushe has completed the sale of its W Hotel in London’s Leicester Square tp Qatari investor Al Faisal Holding.
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Brasserie Bar Co agrees eight-site London expansion
24 November 2011
Brasserie Bar Company has expanded its central London presence by taking over leases on eight Chez Gerard restaurants.
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Laurent Perrier makes regional debut at Birmingham's The Cube
23 November 2011
Laurent Perrier is to open its first UK champagne bar outside London at Birmingham’s The Cube, TheBusinessDesk.com reported today.
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Football-lovers pub chain plans 30-strong expansion
22 November 2011
A North West pub company - catering for football-loving male drinkers - has secured a £5m warchest to buy up to 30 more locations, TheBusinessDesk.com reported today.
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MAPIC 2011: M&B to launch Toby Carvery takeaway concept
17 November 2011
Mitchells & Butlers is preparing to launch a takeaway Toby Carvery concept, as it also rolls out its dual branded Toby Carvery and Harvester restaurants.
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Sojourn buys Quintain's Park Plaza Hotel
17 November 2011
Quintain has sold the Plaza Hotel, Wembley, to Sojourn Hotel Group for an initial price of £15m.
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MAPIC: Leisure increasingly important says LandSecs as it releases new Leeds pics
16 November 2011
Leisure is an increasingly important factor in creating a successful shopping centre in today’s retail landscape according to developer Land Securities.
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Bluewater opens new dining Plaza
11 November 2011
Bluewater has today opened its new dining destination, The Plaza.
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Brighton’s Madame Geisha eyes bright lights of London
11 November 2011
Madame Geisha, Brighton’s Japanese-themed restaurant and one of the town’s largest events venues, aims to launch in London.
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Hotel to put homeless on Road to recovery
11 November 2011
The hotel entrepreneur who masterminded the boutique Hoxton hotel has teamed up with charity Crisis to launch a hotel just off Shoreditch High Street in east London.
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Gregory Projects buys for Harrogate hotel-led scheme
9 November 2011
Gregory Projects has acquired a former bowling alley in Harrogate with a view to transforming the disused site into a new mixed-use development.
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USS buys Leisure West in Feltham for £33m
8 November 2011
Universities Superannuation Scheme has bought Leisure West, located in Feltham, from NFU Mutual for £33m, representing a net initial yield of 6.3%.
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A bridge too far for Chelsea
4 November 2011
Owner Roman Abramovich is running out of options in his quest to find Chelsea Football Club a larger ground. Nick Johnstone reports
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Administrators remove Von Essen’s Welsh Thorn
4 November 2011
Thorn Island, a grade II-listed Napoleonic fort, which was part of the Von Essen hotel portfolio, has been sold for around £750,000.
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Admiralty Arch for sale
4 November 2011
Cabinet Office minister Francis Maude confirmed this week that Admiralty Arch in London’s Trafalgar Square would be put up for sale,
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Ownership issues put Stamford Bridge in troubled water
4 November 2011
It seems that there are some things that even Roman Abramovich cannot buy — at least for now.
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Prospect of new Wasps stadium stung again
4 November 2011
The creation of a new stadium for London Wasps Rugby Club suffered a second setback as owner Steve Hayes is to put the club up for sale.
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Coventry's Skydome set for £25m investment
3 November 2011
Up to £25m is set to be invested in the refurbishment of Coventry city centre’s flagship leisure development, TheBusinessDesk.com reported today.
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Administrators close 11 Luminar nightclubs
2 November 2011
Ernst & Young, the administrators for collapsed nightclub operator Luminar Group Holdings, has closed 11 loss making clubs as part of its ongoing strategic review of the business.
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Von Essen's Thorn Island fort sold
1 November 2011
Thorn Island, a Grade II listed Napoleonic fort, which was part of the Von Essen portfolio, has been sold for around £750,000 to Kent Mushrooms, owners of other historic locations.
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Goldman JV's €500m hotel sale
28 October 2011
Gengate Europe may bring four and five-star hotel portfolio to market
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Chelsea Football Club loses bid to buy Stamford Bridge freehold
27 October 2011
Chelsea Football Club has lost its bid to buy the freehold of its Stamford Bridge stadium.
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Ernst & Young lining up for Luminar administration
27 October 2011
Ernst & Young is being lined up as the administrator for Luminar Leisure, which is expected to go into administration today.
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Wiltshire Von Essen hotel sold to Longleat Estate
26 October 2011
Bishopstrow House, a former Von Essen country house hotel in Wiltshire, has been sold out of administration to Longleat, the estate of the 7th Marquess of Bath.
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Von Essen's The Samling hotel in Lake District sold
24 October 2011
The Samling hotel in the Lake District, which was part of the von Essen Hotel portfolio, has been sold to private investors for just under £6m.
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Restaurant Group minds its Manor
21 October 2011
The Restaurant Group is to roll out its Brunning & Price pub restaurants arm, and aims to open six pubs a year.
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Bath Priory buys four von Essen hotels
20 October 2011
Bath Priory has bought four hotels from the former von Essen Hotels portfolio for £32.5m after they went into administration in April.
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MWB suffers two-thirds net asset value drop
20 October 2011
MWB Group today reported that net asset value had plummeted by two-thirds over the 18 month to the end of June.
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Punch plans further pub sales as it reports profit fall
20 October 2011
Staffordshire-based pub operator Punch Taverns has seen a fall in full year pre-tax profit as cash-strapped customers continue to stay at home rather than eat or drink out, TheBusinessDesk.com reported today.
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M&B to open first dual Harvester and Toby Carvery in Carmarthen
19 October 2011
Mitchells & Butlers has signed to open its first dual branded Harvester and Toby Carvery restaurant at St Catherine’s Walk shopping centre in Carmarthen.
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Frango's to open second restaurant at Hemel Hempstead mall
18 October 2011
Restaurant chain Frango’s is to open its second UK restaurant at Riverside Shopping Centre in Hemel Hempstead.
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Wolverhampton Wanderers submits £50m football academy plans
17 October 2011
Wolverhampton Wanderers Football Club has submitted ambitious plans for the £50m transformation of a city park, TheBusinessDesk.com reported today.
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Accor in €77m sale-and-leaseback dea
14 October 2011
Hotel chain owner Accor has sold seven Suite Novotel hotels in France in a €77m sale-and-leaseback deal.
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Paris hotel star to be reborn
14 October 2011
Starman Hotels is considering the sale of its Le Méridien Etoile Hotel in Paris, the largest hotel in France, for €350m.
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Morgans Hotels and Invesco to buy £70m Hoxton Hotel
13 October 2011
Morgans Hotels and Invesco Real Estate have teamed up to buy the Hoxton Hotel in London.
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Hesperia Hotel in Victoria sold to Crimson Hotels
13 October 2011
The Hesperia London hotel in Victoria has been sold to Crimson Hotels for around £55m.
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Malmaison and Hotel du Vin chief quits
13 October 2011
Malmaison and Hotel du Vin chief executive Robert Cook has quit to pursue new opportunities.
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Banca restaurant to open at 30 North Audley Street
13 October 2011
Banca, a new Italian restaurant from Arjun and Peter Waney, and restaurateur Giuliano Lotto, will open at 30 North Audley Street in Mayfair, as tipped by Property Week (13/1/11).
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Sea Containers House plans approved
12 October 2011
Plans to refurbish Sea Containers House on London’s South Bank have been given the go-ahead by Southwark Council’s planning committee.
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Shelley Sandzer appoints Richard Thomas as head of pubs
12 October 2011
Shelley Sandzer has recruited Richard Thomas as its new head of pubs.
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Plans submitted for £50m Wolverhampton Wanderers' stadium revamp
12 October 2011
Plans have been submitted for the £50m transformation of Wolverhampton Wanderers’ football stadium Compton Park.
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Capital Hill Hotels to buy £190m Morgans' London hotels
11 October 2011
Morgans Hotel Group is understood to have agreed to sell its two London hotels to Middle Eastern investor Capital Hill Hotels for around £190m.
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West Ham bid to buy 2012 stadium collapses
11 October 2011
A deal to sell London’s main 2012 Olympic stadium to West Ham United has collapsed.
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Starman Hotels to sell France's largest hotel for €350m
7 October 2011
Starman Hotels is considering the sale of its iconic Le Meridien Etoile Hotel in Paris, the largest hotel in France, for €350m.
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Back of the net! York closes in on stadium result
7 October 2011
Planning application finally submitted for city’s Community Stadium
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Business Exchange offer due
7 October 2011
MWB Group’s potential £52m offer for MWB Business Exchange, the serviced office group, should be lodged soon following the group’s delayed refinancing of its Malmaison hotel chain
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Schrager joins Shoreditch set: American hotelier to launch new brand
7 October 2011
American hotelier to buy £75m Crowne Plaza hotel in east London for new boutique hotel brand
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Travelodge beds down in Woking
7 October 2011
Henderson Global Investors and Berwick Hill Properties have won planning consent for a 108-bed Travelodge hotel in Woking town centre
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Patron and West Register buy Jarvis Hotels for £111m
5 October 2011
Patron Capital and Royal Bank of Scotland’s West Register have teamed up to buy Jarvis Hotels out of administration for £111m.
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Chelsea Football Club to buy back Stamford Bridge freehold
4 October 2011
Chelsea Football Club has made a proposal to buy back the freehold land on which the football stadium at Stamford Bridge sits from a consortium of investors.
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LaSalle £47m deal to bring Premier Inn to Blackfriars
30 September 2011
LaSalle Investment Management is planning to convert an office in London’s Blackfriars into a Premier Inn hotel.
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Starwood’s five-star Euro hotels sell-off
30 September 2011
MIPIM’s legendary Martinez among €900m of assets on block
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Barclays £660m Claridge’s-group hotel deal explained
29 September 2011
The Barclay brothers today completed a stunning and complex deal to take majority ownership of the Maybourne Hotel Group, which owns Claridge’s, The Berkeley and the Connaught hotels, as explained by Property Week.
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Barclay brothers buy €800m-plus Claridge's owner's debt
29 September 2011
The billionaire Barclay brothers have bought more than €800m of debt secured against a luxury hotel company from Ireland’s National Asset Management Agency.
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Former Citi global property head scores Plymouth Argyle football club deal
29 September 2011
James Brent’s Akkeron Group has agreed to buy struggling Plymouth Argyle football club out of administration.
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Plans submitted for York stadium and shopping scheme
27 September 2011
Plans have been submitted for a 6,000-seat stadium and retail scheme in York, TheBusinessDesk.com reported today.
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Topland buys £35.7m Hilton Glasgow
23 September 2011
Topland Group has bought the Hilton Glasgow on William Street for £35.7m.
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Hotel performances fluctuate across Europe
23 September 2011
New IPD index contrasts countries’ changing fortunes
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Kosmopolito Hotels buys Shepherd's Bush cinema for hotel development
22 September 2011
Chelsfield Partners and EAD have sold the former Pavilion Cinema at 58 Shepherd’s Bush Green, London to Kosmopolito Hotels International.
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Al Faisal Holdings emerges as £200m buyer of London’s W Hotel
21 September 2011
A Qatari hospitality company owned by Al Faisal Holdings has emerged as the buyer of the W Hotel on Leicester Square in London.
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BCSC: Quintain secures new Wembley lettings
20 September 2011
Quintain has announced two further restaurant lettings at its London Designer Outlet in Wembley.
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Man City submits training campus plans; new images released
19 September 2011
Manchester City FC has today lodged plans to develop 80 acres of brownfield land opposite its Etihad Stadium in east Manchester into a youth training facility.
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Leisure market prime yields drop to 6.25% Savills finds
19 September 2011
The leisure market has experienced a sharp increase in investor demand which, combined with a lack of available product, has resulted in prime yields moving in by 50bps to 6.25% in the second quarter of 2011, Savills research has shown.
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Balfour-Lynn steps down from De Vere
19 September 2011
Hotel Group De Vere has today announced that its chief executive and founder Richard Balfour-Lynn and its chief financial officer are to step down from the company, as part of a wider board restructuring.
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Cineworld signs for Southwater Square development
16 September 2011
Cineworld has signed a deal with Telford and Wrekin Council to occupy an 11-screen multiplex cinema fronting onto the new Southwater Square.
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Crowne Plaza Amsterdam acquired by Union Investment
16 September 2011
Union Investment has acquired the Crowne Plaza in Amsterdam South.
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Retail and leisure play for Plymouth Argyle
16 September 2011
Irish consortium’s bid for club includes mixed-use development
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A few Goodmans
16 September 2011
Ever wondered why Russian entrepreneurs Mikhail Zelman and George Bukhov-Weinstein called their steak restaurants in the City and Docklands by such an English-sounding name as Goodmans?
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Cineworld's Steve Wiener: Welcome to my world
16 September 2011
Steve Wiener, founder of Cineworld, the UK’s largest cinema chain, reveals the secrets of his “star” system. Christine Eade reports
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Gordon Ramsay’s City kitchen nightmare ends
16 September 2011
Gordon Ramsay is finally arriving in the City
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Hotel time for Newcastle Co-op
16 September 2011
Merchant Place Developments expects to gain planning permission next month for its redevelopment of the former Co-operative store on Newgate Street in Newcastle
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Jamie’s Italian lures trade to back of Gunwharf Quays
16 September 2011
Jamie’s Italian opened at Gunwharf Quays in Portsmouth this summer, near the back of the leisure-cum-factory-outlet scheme
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PWC calls time on 37 Tchenguiz pubs
16 September 2011
A portfolio of 37 pubs owned by Robert Tchenguiz’s R&L Properties Group is to be put up for sale by administrators at PWC
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Queensway ice rink block on market
16 September 2011
Entrepreneur Robert Bourne is to put up for sale the Queensway Estate, a set of properties near Queensway Tube station in west London, for £80m-£90m
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Sports fans and shoppers can co-exist under one roof
16 September 2011
Stadium developments require retail elements to subsidise the build cost and there are opportunities around existing stadia to create retail and leisure facilities that appeal to a variety of customers
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Weston-super-Mare extreme sports centre approved
16 September 2011
£50m LeisureDome facility at former RAF station will feature ski slope and world’s tallest climbing wall
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Wirral Council considers children’s centre planning application
16 September 2011
Wirral Council is to receive a planning application this month for an art deco-style building that will accommodate GloPlay, a children’s play and education centre, as part of the regeneration of New Brighton in Merseyside
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RESI 2011: Property Week launches pro-development campaign
15 September 2011
Property Week today launches a “Campaign for Sustainable Development”, calling for readers’ support for development that will help revive the UK.
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Major shareholder bids to take over Mitchells & Butlers
13 September 2011
The board of pub and restaurant chain Mitchells & Butlers has today criticised a takeover bid by a major shareholder as “significantly undervaluing” its business.
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Portfolio of 37 Tchenguiz R&L pubs to be marketed for more than £10m
12 September 2011
A further portfolio of 37 R&L pubs, ownedby Robert Tchenguiz’s R&L Properties Group, will be brought to the market by administrators at PricewaterhouseCoopers.
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InterContinental Hotels to open 100 hotels in Russia by 2020
12 September 2011
InterContinental Hotels Group has revealed plans to open 100 hotels in Russia and the Commonwealth of Independent States by 2020.
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Bourne Capital puts £90m Queensway Estate on the block
12 September 2011
A set of properties near Queensway Underground station and owned by entrepreneur Robert Bourne are to be put on the market for around £80-90m.
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Brasserie Bar Co plans major UK expansion
9 September 2011
Brasserie Bar Co., the owner of the Brasserie Blanc and White Brasserie chains, has received £20m to quadruple its presence in the UK.
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Galliford Try selected on £120m Birmingham casino scheme
8 September 2011
Galliford Try has been selected by casino operator Genting to develop a £120m casino and leisure complex, TheBusinessDesk.com reported today.
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Letter reveals London River Park boat crash fears
8 September 2011
The chair of the London Waterways commission has written to City planners voicing safety concerns over a floating pontoon proposed for the north bank of the Thames, including the threat of “vessel impact”.
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Qataris close to buying £196m London W Hotel
8 September 2011
A Qatari private investor is under offer to buy the W Hotel in London’s Leicester Square for around £196m.
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Layerthorpe hotel plans submitted
6 September 2011
Plans have been submitted to City of York Council for a new 124-bed hotel at Layerthorpe, York.
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CBRE Hotels to market two London hotel developments for £115m
6 September 2011
CBRE Hotels has been instructed to market two central London hotel development sites.
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Whitbread renews debt and completes £53.8m LIM deal
6 September 2011
Hotel and restaurant group Whitbread announced today that it had undertaken a £156.4m private placement, as it confirmed the completion of a £53.8m sale and leaseback deal with LaSalle Investment Management.
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Restaurants line up for Meadowhall's Oasis Dining Quarter
5 September 2011
Five new restaurant brands have signed to open units at Meadowhall’s £7m revamped Oasis Dining Quarter, opening in October.
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Brum’s Hyatt Regency for sale at £35m
2 September 2011
The four-star Hyatt Regency Birmingham hotel will be brought to the market by its administrators in September for around £35m
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Town halls checked out by hotel developers
2 September 2011
Bromley Council has selected Land Group as its development partner to convert its grade II-listed town hall into a hotel and conference centre
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Scarborough hotels in administration
1 September 2011
Companies behind two Scarborough hotels have been placed in administration, TheBusinessDesk.com reported today.
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Von Essen's Hotel Verta for sale for £20m
31 August 2011
Von Essen’s five-star Hotel Verta will be brought to the market for a price thought to be around £20m.
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Paddy Power to open up to 40 shops a year
30 August 2011
Betting firm Paddy Power has announced its plans to open up to 40 betting shops a year, as its underlying profits before tax increased by 15% to €56.8m in the six months to 30 June.
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Chef Johnnie Moutain to open AtriumSW1 at 4 Millbank
26 August 2011
Chef and TV personality Johnnie Mountain is to open his second restaurant, AtriumSW1 in London at 4 Millbank.
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Land Securities in early talks over X-Leisure stake
26 August 2011
Land Securities is in early talks about taking a controlling stake in Capital & Regional and Area Property Partners’ £551m X-Leisure fund.
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MWB completes £16.1m Aberdeen Malmaison sale and leaseback
24 August 2011
MWB has completed a £16.1m sale and leaseback of its Aberdeen Malmaison hotel with CIP Propertyon behalf of Aviva Investors Property Trust.
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Colliers poaches Christie and Co's James Shorthouse
23 August 2011
Colliers International has poached Christie and Co’s James Shorthouse to become the new head of its licensed and leisure business.
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Aman Resorts on the market with over $400m price tag
22 August 2011
Aman Resorts, the luxury hotel chain, has been put up for sale with a price tag of over $400m (£240m), the Sunday Times reported yesterday.
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Targetfollow's Coventry Skydome sold out of administration
19 August 2011
The Coventry Skydome leisure complex has been sold in a £13.5m deal, TheBusinessDesk.com reported today.
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Cineworld European expansion deal hits stumbling block
18 August 2011
Cineworld’s planned take-over of Spain’s fifth largest cinema, which would have heralded its debut in continental Europe, has failed to materialise.
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Morgans to run Sea Containers House hotel
16 August 2011
Morgans Hotel Group is to operate the hotel at the refurbished Sea Containers House on London’s South Bank.
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China picks Leeds for Olympic base
16 August 2011
Leeds has today announced that sporting giant China will use the city as its official European pre-Games training base ahead of the London 2012 Olympics.
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Central Saint Giles scores Cabana restaurant
16 August 2011
Legal & General Property and Mitsubishi Estate Company’s Central Saint Giles has let one of its food units to Cabana, a new Brazilian barbeque restaurant.
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Pramerica raises £98m for ground rent fund
15 August 2011
Pramerica Real Estate Investors today revealed it had raised £98m of new equity for a ground rent fund, taking the total raised for the fund to £225m.
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LaSalle buys Premier Inns in £53.8m sale and leaseback deal
11 August 2011
LaSalle Investment Management is to buy seven Premier Inns in a £53.8m sale-and-leaseback deal.
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Premier Inn in trio of Yorkshire deals
10 August 2011
Premier Inn, the UK’s biggest budget hotel chain, has announced three deals for new hotels in Yorkshire.
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Crowne Plaza Cambridge to be sold for £35m
9 August 2011
The Crowne Plaza in Cambridge has been put up for sale for £35m by Grant Thornton, the administrators of the Quinn Group.
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Paramount Hotels to develop Harrogate Premier Inn hotel
9 August 2011
Paramount Hotels, a subsidiary of Puma Hotels, has entered into an agreement with Premier Inn to develop a 107-bedroom hotel in Harrogate.
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Birmingham's Jam House to open sweet Cambridgeshire venue
5 August 2011
Birmingham live music venue The Jam House is to get a new sister site in Cambridgeshire after planning chiefs granted the project approval, TheBusinessDesk.com reported today
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'Eyesore' city centre hotel to be bought and demolished
4 August 2011
An “eyesore” hotel on the edge of Wolverhampton city centre is to be purchased and demolished by the city council in a bid to boost redevelopment, TheBusinessDesk.com reported today.
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Gordon Ramsay sells in Maida Vale
4 August 2011
Gordon Ramsay Pub Holdings has sold The Warrington public house in London’s Maida Vale for over £5m.
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Chao Baby takes last restaurant at Bullring's Spiceal Street
3 August 2011
Hammerson has signed up Chao Baby as the final restaurant at its Spiceal Street dining development at the Bullring shopping centre in Birmingham.
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Jamie Oliver to open first Union Jacks restaurant at Central Saint Giles
2 August 2011
Jamie Oliver will open his first Union Jacks restaurant concept at Central Saint Giles in London’s West End.
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Plans submitted for Thames floating “Park”; new images released
2 August 2011
A consortium of property investors and professionals has today submitted plans for a floating pontoon on the left bank of the Thames, called the London River Park.
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Von Essen's Hotel Verta in administration
1 August 2011
Von Essen Hotels’ newly built Hotel Verta near London Heliport has been put into administration.
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Green light for O2 "Skywalk"
29 July 2011
Venues operator AEG has secured planning permission for a walkway traversing the roof of The O2 in Greenwich, east London.
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Newham wins casino battle
29 July 2011
Newham council has won its battle to open a Las Vegas-style casino in Westfield Stratford City next to the Olympic Park in east London following the collapse of a legal challenge from rival bidders.
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Blackstone is in mint condition for £575m hotel portfolio
29 July 2011
Private equity firm Blackstone has been selected as the preferred bidder for the £575m Mint Hotels portfolio, as revealed by propertyweek.com last week.
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Ed's Easy Diner to debut outside M25
28 July 2011
Ed’s Easy Diner is to open its first restaurant outside the M25 at St David’s shopping centre in Cardiff.
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Stelios to open EasyHotel across Africa
27 July 2011
EasyHotel, the budget hotel chain, is to make its debut in Africa after signing a franchise agreement with African focussed investment and development company Lonrho.
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Aquatics Centre unveiled as main Olympic Park venues completed
27 July 2011
The Olympic Delivery Authority has today announced that the Aquatics Centre in London’s east end is complete, concluding the construction process for the six main permanent Olympic Park venues.
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Blackstone closes in on £575m Mint deal
22 July 2011
Private equity giant Blackstone is poised to undertake one of the biggest hotel deals in the world this year with the purchase of Mint Hotels for around £575m, propertyweek.com can reveal.
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DTZ promenades at Greenwich Olympics site
22 July 2011
DTZ Investment Management has signed an £8m forward-funding deal to develop Greenwich Promenade, in south-east London. The site will be the gateway to Greenwich’s 2012 Olympic site.
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Urban Splash to surf wave of Devon hotels
22 July 2011
Developer’s plan for 55-bed hotel in Paignton follows Blackmore and Whitbread schemes.
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AXA Real Estate agrees to buy €132.9m hotels portfolio
21 July 2011
AXA Real Estate Investment Managers has agreed to buy a €132.9m portfolio of French and Belgian hotels on behalf of an institutional company joint venture.
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McDonald's to open biggest ever restaurant at Olympic Park
20 July 2011
McDonald’s will open its biggest restaurant in the world at the 2012 Olympic Park.
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MWB confirms £87m Malmaison sale and leaseback
20 July 2011
MWB has confirmed the sale and leasebacks of four Malmaison hotels for £86.8m as a means of reducing the firm’s debt.
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Llangollen hotels up for sale
19 July 2011
KPMG has appointed Colliers International to sell four freehold hotels in North Wales out of administration
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Manchester City begins training facility consultation
18 July 2011
Manchester City FC has started to take the wraps off its plans for a new ’world leading’ training and youth development facility in East Manchester, TheBusinessDesk.com reported today.
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Major Chinese cultural development planned for South Yorkshire
15 July 2011
Plans for a major Chinese cultural and leisure development in Yorkshire have been revealed, TheBusinessDesk.com reported today.
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Grosvenor submits plans for Southampton arts centre
13 July 2011
Grosvenor has submitted a planning application for a 100,000 sq ft mixed use scheme which includes an arts complex and new restaurant space in the centre of Southampton.
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JLL Hotels appoints new senior vice president in advisory team
12 July 2011
Jones Lang LaSalle has appointed Jake Egberts as a senior vice president in its UK and Northern Europe advisory team.
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Canary Wharf Radisson Edwardian hotel marketed for £37.5m
12 July 2011
The four-star Radisson Edwardian New Providence Wharf hotel in Canary Wharf is being brought to the market for £37.5m.
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Park Plaza buys £6m West London development site
12 July 2011
Hotel operator, owner and developer Park Plaza has exchanged contracts to acquire a development site at 628 Western Avenue, Park Royal in London for £6m.
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Odeon Leicester Square site to be put up for sale
8 July 2011
The Odeon Cinema development site in London’s Leicester Square will be formally brought to the market following an agreement between the National Asset Management Agency and Real Estate Resolutions, which owns part of the site.
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British Land buys £179m Virgin Active portfolio
8 July 2011
British Land has bought a portfolio of Virgin Active health and racquet clubs from Societe Generale for £179m as tipped by Property Week (04.07.11).
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OPLC probes stadium occupier selection process
5 July 2011
The Olympic Park Legacy Company has launched an independent investigation into its selection process for a post-Games Olympic Stadium occupier, following allegations against corporate services director Dionne Knight, who was suspended on Friday.
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Lancashire County Cricket Club wins Derwent Holdings legal battle
5 July 2011
Lancashire County Cricket Club has won a legal battle against Derwent Holdings which means it can now start the redevelopment of its Old Trafford stadium, TheBusinessDesk.com reported today.
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British Land to buy £175m Virgin Active portfolio
4 July 2011
British Land is in advanced talks to buy a portfolio of Virgin Active health and racquet clubs from Société Générale for around £175m.
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JLL Hotels poaches Colliers' head of hotels
4 July 2011
Jones Lang LaSalle Hotels has poached Colliers International’s head of hotels Chris Moore.
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Arcadia Group forward funds Edinburgh Travelodge hotel
4 July 2011
Arcadia Group has agreed to forward fund the construction of a 96-bedroom Travelodge hotel above its Topshop store on Edinburgh’s Princess Street.
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Cycle park-gym hybrid has West End in a spin
1 July 2011
Reef Estates founder sets up H2bikerun to provide facilities for London’s cyclists
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Entrepreneurs cash in as pubs crawl towards recovery
1 July 2011
Pub closures halved last year to 25 a week, as pub companies adapted to survive in a shrinking but competitive market
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F&C Reit is doing it for the kids at Star City
1 July 2011
Asset manager to focus on childrens’ entertainment as it bids to alter “Stab City” image
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Swing and a miss for Claudel but London Golf Club hotel tees off
1 July 2011
It is not only those who love to walk on the remote Aberdeenshire sand dunes who protest against golf-related development
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Warning siren sounds as Trump comes to town
1 July 2011
Fear pervades Aberdeenshire as golf course owner Donald Trump arrives
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Brighton Pier up for sale
30 June 2011
Brighton’s Grade II listed pier has been put up for sale for the first time in 25 years.
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Tottenham Hotspur renews Olympic Stadium legal challenge
30 June 2011
Tottenham Hotspur yesterday renewed its legal challenge to the decision to award the Olympic Stadium after the 2012 games to West Ham United.
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Park Plaza steps up to London Stock Exchange main market
30 June 2011
Shares in Park Plaza Hotels today began trading on the London Stock Exchange’s main market.
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Licence granted for £120m Solihull casino complex
29 June 2011
Plans for a £120m casino, hotel and leisure development at the NEC in Solihull have been boosted by the granting of a casino licence, TheBusinessDesk.com reported today.
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Area and Delancey announce £202.6m recommended offer for Minerva
29 June 2011
Area Property Partners and Delancey this morning revealed a £202.6m recommended cash offer for London developer Minerva.
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British Land buys Hutchison Whampoa HQ
29 June 2011
British Land has bought a 198,000 sq ft office and leisure complex in Maidenhead town centre for £74m.
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Sol Melia to face legal action over Marconi House fire
24 June 2011
Sol Melia, the Spanish hotel company developing a five-star hotel at Marconi House in London’s West End, which caught fire on 14 June, is facing legal action from the Galliard Homes and Frogmore joint venture which is bringing forward the residential development within the same building.
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Whelan targets Liverpool bingo conversion
23 June 2011
Wigan Athletic chairman Dave Whelan’s leisure business is planning to convert a Buckingham Bingo site in the Liverpool suburb Speke into a gym, TheBusinessDesk.com reported today.
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Stonegate and Town & City pub companies merge to form 560 pub portfolio
23 June 2011
Stonegate Pub Company and Town & City Pub Company have merged to form the largest privately held managed pub operator in the UK, with a combined portfolio of 560 pubs and revenues approaching half a billion pounds.
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Hed Kandi to open up to five bars a year
22 June 2011
Bar operator and record label Hed Kandi is looking to expand its brand across the UK and open between three and five bars a year.
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Quintain secures restaurant lettings for London Designer Outlet
20 June 2011
Quintain has revealed a raft of restaurant signings for the London Designer Outlet at its Wembley City scheme.
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Crowne Plaza hotel in Shoreditch to be sold for £80m
20 June 2011
Colliers International has been appointed by the administrators and LPA receivers to sell the 196-bedroom Crowne Plaza hotel in Shoreditch for £80m.
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Budget hotel chain plans Liverpool debut
16 June 2011
Budget hotel chain Tune Hotels is planning to open in central Liverpool, TheBusinessDesk.com reported today.
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£1.1bn Marriott assets to be brought to market
15 June 2011
A portfolio of 42 Marriott hotels bought for £1.1bn at the top of the market will be put up for sale after the appointment of administrators yesterday.
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Cheetham and Mortimer appointed to £50m Staffordshire scheme
15 June 2011
St. Modwen Properties has appointed retail and leisure property consultancy Cheetham and Mortimer to its Hednesford Gateway redevelopment project in Staffordshire, TheBusinessDesk.com reported today.
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V8 Gourmet Group collapse into administration
14 June 2011
Indian restaurant chain V8 Gourmet Group, which owns the Bombay Bicycle Club and Tiffinbites brands, has been placed into administration.
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Southern Cross landlords agree to provisional restructuring
14 June 2011
Landlords of struggling care home operator Southern Cross last night agreed to a provisional restructuring which is likely to see rents cut for the short term.
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Gordon Ramsay Holdings sells The Devonshire lease to Nick Gibson
10 June 2011
Gordon Ramsay Holdings has sold the Enterprise Inns lease of its former pub The Devonshire in Chiswick to Nick Gibson.
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DevSecs secures £23.75m from Clydesdale for MEN deal
9 June 2011
Clydesdale Bank Corporate & Structured Finance has granted Development Securities a £23.75m loan which has halved Lloyds’ interest.
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Three shortlisted for £575m Mint hotel portfolio
9 June 2011
Blackstone, London & Regional and a joint venture between Goldman Sach’s Whitehall Fund and the Texas Pacific Group are understood to be on the final shortlist to buy a portfolio of seven Mint hotels for around £575m.
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Westfield Stratford signs top restaurants
8 June 2011
Westfield Stratford City has signed Jamie’s Italian, Balans, Bumpkin and Wahaca to occupy restaurant units at the new 1.9m sq ft shopping centre.
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Sheffield hotel set for Hilton rebranding
7 June 2011
A South Yorkshire hotel is to be re-branded after being bought by the Longrose Buccleuch group, TheBusinessDesk.com reported today.
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Tote sold to Betfred for £265m
3 June 2011
The government has confirmed that the Tote will be sold to the UK’s fourth-biggest bookmaker Betfred for £265m.
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Betfred to be declared preferred bidder for the Tote
3 June 2011
The Department for Culture, Media and Sport is expected to declare Betfred as its preferred bidder for the Tote bookmaker today.
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Christie & Co appointed to sell £200m Von Essen portfolio
3 June 2011
Christie & Co have been appointed to sell the Von Essen hotel portfolio of 27 country house hotels and an island for around £200m.
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Park Plaza refinances London hotel facility
2 June 2011
Park Plaza Hotels has refinanced the debt against its 1,019-room Westminster Bridge hotel, giving itself a further £21.1m of headroom.
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Wagamama to open first Edinburgh restaurant
1 June 2011
Noodle bar chain Wagamama is to open its first Edinburgh restaurant after taking space in a former Bank of Scotland branch.
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Travelodge to develop 100 smaller Metro hotels by 2020
31 May 2011
Travelodge has announced that it will develop smaller ‘Metro’ style hotels, in prestigious locations and in office blocks across the UK to allow the brand to access new areas.
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Park Plaza to step to London’s main market
27 May 2011
Park Plaza Hotels is to move its London Stock Exchange listing from AIM to the main market.
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Jamie Oliver takes space at Derwent London's Angel Building
26 May 2011
Derwent London has agreed to lease a retail unit at its Angel Building to Jamie Oliver’s restaurant chain, Jamie’s Italian.
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C&W London hospitality team sets up alone
25 May 2011
Cushman & Wakefield’s London hospitality advisory and transaction team has split and formed a new independent company called Whitebridge Hospitality.
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Plans for £50m South West LeisureDome submitted
24 May 2011
Plans for the South West’s first indoor LeisureDome, which will house the UK’s longest indoor real snow ski slope, have been submitted to North Somerset Council.
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Wagamama to more than quadruple its UK stores
24 May 2011
Wagamama is looking to more than quadruple its number of UK stores to 300, by opening 20 new restaurants a year.
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Beecham's Hoxton Hotel marketed for £70m
23 May 2011
The Hoxton Hotel has been brought to the market this week with a guide price of £70m.
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UK Commercial Property Trust buys Kingston Rotunda
20 May 2011
UK Commercial Property Trust has bought the Rotunda leisure scheme in Kingston for £50.7m, partially funded through a new £150m Barclays Bank debt facility.
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Hippodrome to gamble on Vegas-style casino
20 May 2011
Leisure entrepreneur Simon Thomas is preparing to open London’s first Las Vegas-style casino this year, in the Hippodrome building in Leicester Square
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Oxford Street’s east end makeover
20 May 2011
Redevelopment projects to raise rates and refit shops
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Michelin-starred chef Simon Rogan to open pop-up restaurant in Marylebone
17 May 2011
Michelin-starred chef Simon Rogan will open a two-year pop-up restaurant at Portman Estate’s 19 Blandford Street property in Marylebone, London.
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Three Pedersen hotels sold out of administration
12 May 2011
The administrators of Pedersen Hotels have completed the sale of three assets following the firm’s collapse into administration in June 2010.
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Redefine International buys Crowne Plaza hotel in Caversham
10 May 2011
Redefine International has bought the Crowne Plaza hotel in Caversham, near Reading, for £12.75m from Pedersen.
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Tottenham Hotspur starts legal challenge to West Ham's Olympic Stadium win
10 May 2011
Tottenham Hotspur has today confirmed it will make a legal challenge to the decision to award the Olympic Stadium to West Ham FC.
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Portfolio sale sparked as MWB agrees £32m Malmaison sale and leaseback
10 May 2011
MWB is looking to undergo a £100m Malmaison sale and leaseback programme following a deal with Deka for its Charterhouse Walk Malmaison hotel in London.
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HNG's Kelly appointed chairman of restaurant advisors body
5 May 2011
Simon Kelly, head of leisure and retail and Hargreaves Newberry Gyngell (HNG) has been appointed chairman of the Restaurant Property Advisors Society (RPAS).
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Public consulted on Sea Containers revamp
4 May 2011
The owner of Sea Containers House on London’s South Bank has begun a public consultation on its proposals to refurbish the building, ahead of submitting a planning application in the summer.
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GVA to buy Humberts Leisure
4 May 2011
GVA has exchanged contracts to acquire hotel and leisure specialist Humberts Leisure.
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Tesco’s Spenhill starts London Higham’s Park scheme
3 May 2011
Spenhill, the wholly owned regeneration subsidiary of Tesco, has started construction of the first phase of a £105m mixed-use development in Higham’s Park, London.
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Premier Inn targets 65,000 hotel rooms in the next five years
28 April 2011
Premier Inn has increased its target for room expansions in the next five years by 10,000 to 65,000 rooms.
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Hoteliers: we’ve become disenfranchised by franchises
28 April 2011
As we emerge from the global financial crisis, it is timely to ask whether pre-crisis trends will last
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Local outfits queue up to land big name franchises
28 April 2011
Hilton and InterContinental are favourites with developers
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Marriott services Edinburgh
28 April 2011
Marriott International has chosen Quartermile, Gladedale’s £450m development in central Edinburgh, for its first serviced apartments in the UK, known as Residence Inn.Richard Candey, head of DTZ’s hospitality group, who advised Gladedale, says that the aim is to have the serviced apartments open in time for this year’s Edinburgh Festival.
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New hotels with history on London scene
28 April 2011
Two London buildings that date from the 1880s and symbolise Victorians’ authoritarian outlook are to become hotels. The stories behind the conversions of the Old War Office on Whitehall Place into the Corinthia Hotel and Bow Street Magistrates Court into a boutique hotel reflect today’s political and economic turmoil: the Corinthia because it is partly funded by Libyan money and Bow Street because the loans that bought it were, until recently, held by Ireland’s National Asset Management ...
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New hotels with history on London scene
28 April 2011
Two London buildings that date from the 1880s and symbolise Victorians’ authoritarian outlook are to become hotels.
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Overseas investors in UK hotels are here to stay
28 April 2011
Foreign investment in hotels doubled last year, says Savills’ forthcoming UK Hotel Investment Report
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Premier Inn’s shop treatment for Leamington Spa
28 April 2011
Whitbread-owned hotel chain to revamp failing retail centre
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Thwaites’ golden Fleece buy
28 April 2011
Blackburn-based brewer Daniel Thwaites has through its hotel subsidiary Shire Hotels bought the Fleece Inn, Cirencester, for close to the asking price of £1.65m. It will be the first in Shire’s new chain, Thwaites’ Inns of Character, of which it plans to open 25 by 2016. Christie & Co acted for the Barlow family, which sold the 28-bedroom hotel.
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Greene King buys £53.1m London pub chain
27 April 2011
Greene King has bought a London-based pub company with 14 properties for £53.1m.
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Domino's Pizza looks to earn crust in Germany
27 April 2011
Domino’s Pizza is planning a massive expansion in Germany after buying a 75% stake in its master franchisee in the country.
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Newham hit with second legal challenge to Westfield Stratford City casino plans
26 April 2011
Newham council has been dealt another blow over its plans for a casino in Westfield Stratford City next to the Olympic Park in east London following a second application for a judicial review of the authority’s choice of location.
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Esporta sells operating company to Virgin Active for £77.6m
26 April 2011
Esporta has sold the operating company Esporta Racquets and Non-Racquets Holdings Limited, which comprises 55 health and racquet clubs, to Virgin Active Group for £77.6m.
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Von Essen Hotels goes into administration
21 April 2011
Von Essen Hotels, which owns 28 hotels in the UK and France, has gone into administration.
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Green light for Royal Docks Travelodge
20 April 2011
Citygrove has won planning consent to develop a 131-bed Travelodge in London’s Royal Docks.
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Jamie’s Italian to open at thecentre:mk
20 April 2011
Jamie’s Italian has taken a 6,500 sq ft restaurant at thecentre:mk shopping centre in Milton Keynes.
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Moorfield's new £50m joint venture to convert Labour's former HQ into hostel
19 April 2011
Labour’s former London headquarters is to be converted into a hostel as a part of a new £50m joint venture between Moorfield and property company Safeland.
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Travelodge to invest £100m in co-location with pubs
18 April 2011
Travelodge is planning a £100m, 36 site expansion programme in partnership with UK pub companies, to be completed by 2015.
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OPLC ponders neighbourhood naming ideas
12 April 2011
“Plastic Fantastic”, “Redgravia”, and “Hoy Gateway” are among the first names suggested by members of the public for the “neighbourhoods” that are to be developed at the Queen Elizabeth II Olympic Park in London’s East End after next year’s Games.
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Jones Lang LaSalle loses Creevy founders
7 April 2011
The former management of Creevy LLH have left Jones Lang LaSalle just over three years after being bought out.
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Cineworld moves into Continental Europe with Spanish buy
7 April 2011
Cineworld Group is moving into Continental Europe with the purchase of Spain’s fifth largest cinema operator.
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Michelin-starred chef secured a Stockholm's MOOD
7 April 2011
Swedish property investment and development company AMF Fastigheter has secured three chefs for its MOOD Stockholm retail development – including Michelin-starred Henrik Norström.
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Luminar Leisure to close a further three nightclubs
5 April 2011
Luminar Leisure will sell a further three of its nightclubs in Redditch, Stevenage and Wigan.
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Sanderson and St Martins Lane hotels come to market for £210m
1 April 2011
Morgans Hotel Group is looking to sell its Sanderson and St Martins Lane hotels in London for more than £210m.
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Lebanese buyer is toast of Cannes
1 April 2011
Former Dorchester owner Toufic Aboukhater buys €450m hotels portfolio from Morgan Stanley
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Travelodge becomes London's biggest and vows focus on the suburbs
31 March 2011
Budget chain Travelodge today became the largest hotel brand in London by number of rooms, overtaking upmarket rival Hilton.
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UK hoteliers see recovery in 2010 but future is "stubbornly turbulent" says PKF report
31 March 2011
UK hoteliers saw a significant recovery in 2010 but much of this upturn was attributed to London and the future looks “stubbornly turbulent”, according to PKF’s Hotel Britain 2011 report.
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Spurs seeks judicial review of Olympic stadium decision
30 March 2011
Tottenham Hotspur has called for a judicial review of the Olympic Park Legacy Company’s decision not to award it the use of the Olympic stadium after the Games in 2012.
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Peel secures £205m long-term loan from Aviva
30 March 2011
John Whittaker’s Peel Group has today completed a long-term commercial real estate financing with Aviva Commercial Finance.
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Fine Gael to resume Nama loan transfers
30 March 2011
Ireland’s department of finance has told its “bad bank” to continue taking over distressed loans, despite the new Fine Gael government having pledged to review this process.
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Beetham Liverpool and Manchester hotels sold to Loucas Louca
30 March 2011
The Beetham hotels in Liverpool and Manchester have been sold to London-based Cypriot businessman Loucas Louca.
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Marriott debuts brand in the UK at Gladedale's Quartermile
25 March 2011
Marriott will open its first Residence Inn by Marriott branded hotel in the UK at Gladedale Capital’s £450m Quartermile development in Edinburgh.
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Cadogan Estate buys Cadogan Hotel and plans refurb
24 March 2011
The Cadogan Estate has bought the Cadogan Hotel on Sloane Street, London, which it plans to refurbish.
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Marco Pierre White acquires all six assets from Maypole Group administrators
23 March 2011
Celebrity chef Marco Pierre White has acquired all six pub-hotels in the Maypole Group from administrators for an undisclosed sum.
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Cap & Reg posts 21% NAV rise
23 March 2011
Capital & Regional increased its net asset value by 21% in 2010 to 57p a share and returned to profitability.
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Punch Taverns plans 2,200 properties sell-off
22 March 2011
Punch Taverns has announced it will sell off nearly half of its 5,967 leased pubs and separate its managed and leased pubs division in order to tackle its £3bn debt.
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CBRE Hotels wins 826-room US instruction
22 March 2011
CBRE Hotels has been appointed to sell or recapitalise the Willow Hotels portfolio, which includes the Shoreham, Mansfield and Franklin Hotels in Manhattan, New York.
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Travelodge to develop 132-bed hotel at Lumina Park in Enfield
21 March 2011
Travelodge and Frontier Estates have exchanged contracts to develop a 132-bed hotel at the Lumina Park development in Enfield.
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Intercontinental Hotels CEO steps down
16 March 2011
InterContinental Hotels, the world’s largest hotel operator by number of rooms, has announced that its chief executive Andrew Cosslett will step down at the end of June.
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Losing bidder appeals Newham casino decision
15 March 2011
One of the bidders which lost out to Aspers and Westfield Stratford City in becoming the UK’s first large casino is going to appeal Newham council’s decision.
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Robert Tchenguiz hits out at SFO
15 March 2011
Robert Tchenguiz is considering legal action against the Serious Fraud Office after his arrest last week.
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North-east pubs are put up for sale through “click to purchase” online platform
14 March 2011
Two pubs in the north-east of England have become the first marketed for sale by Christie & Co to use the Click to Purchase platform.
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Salmon Harvester Properties secures planning consent for Vauxhall Travelodge hotel
14 March 2011
Salmon Harvester Properties has secured planning permission for a 148-bed Travelodge hotel in Vauxhall, London.
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Aspers to operate Stratford casino
11 March 2011
The London Borough of Newham has chosen Aspers to oprate a casino at Westfield’s Stratford City.
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MIPIM 2011: Nicholas Cowell looks to buy outside London
9 March 2011
Nicholas Cowell, head of the Cowell Group, is looking outside his usual central London buying hotspot at regional retail properties.
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MIPIM 2011: McAleer & Rushe launches £200m W Hotel sale
8 March 2011
McAleer & Rushe today launched the sale of the W Hotel at London’s Leicester Square - and is looking for bids of in excess of £200m.
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Manchester City enters 200-acre regeneration joint venture
3 March 2011
A new joint venture partnership to regenerate the Eastlands area of Manchester has today been unveiled by Manchester City football club, the city council, and urban regeneration company New East Manchester.
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Prism shines on £300m Edinburgh scheme
25 February 2011
Canadian development company Prism is understood to be on the brink of agreeing to unlock Edinburgh’s biggest stalled development site, the 9-acre Caltongate scheme in the city centre.
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Goldman Sachs refinances £107m hotel loan
23 February 2011
Clydesdale Bank has agreed to refinance a £107m loan secured against a portfolio of 14 hotels owned by funds managed by Goldman Sachs’ Whitehall property division.
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Kilkea Castle & Golf Resort brought to market by receivers
23 February 2011
Kilkea Castle & Golf Resort in Ireland will be brought to the market by BDO, the receiver of Arnosford.
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Lord's picks Almacantar
17 February 2011
Mike Hussey’s Almacantar has been confirmed as the preferred developer to carry out a £400m redevelopment of Lord’s cricket ground, as revealed by Property Week last month (07.01.11).
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Bulgari Hotels & Resorts signs to open Knightsbridge hotel
14 February 2011
Bulgari Hotels & Resorts has signed an agreement for the new Bulgari Hotel in London due to open in spring 2012.
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Barclay brothers put The Cavendish up for sale
11 February 2011
The Cavendish Hotel on Jermyn Street has been put up for sale by the Barclay brothers for around £240m.
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IM and Allied London spin-off
11 February 2011
New joint venture vehicle to buy £45m of retail and leisure assets at Manchester’s Spinningfields
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West Ham leads Olympic stadium race
10 February 2011
West Ham has emerged as the front runner to relocate its football ground to the Olympic stadium after the Games in 2012, according to reports.
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Hammersmith & Fulham council confirms eight property sales
9 February 2011
Hammersmith & Fulham Borough Council has approved plans, first revealed by Property Week (07.01.11), to sell eight council buildings in a bid to reduce its historic £133m debt.
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Green light for "Large Casino” in Hull
9 February 2011
Hull City Council has approved plans for the development of a £100m casino-led leisure and entertainment scheme on the River Hull.
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Oak asks investors to say Yes!
9 February 2011
AIM-listed property company Oak Holdings is trying to raise new equity, two weeks after Rotherham council withdrew its support for the £350m Yes! “entertainment resort” in Rotherham.
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Wyndham to operate Newcastle-Gateshead Ramada Encore hotel
9 February 2011
Quay Hotels has secured Wyndham Hotels to operate the 202-bedroom Newcastle-Gateshead Ramada Encore Hotel.
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Goldman Sachs fails in £230m hotel restructuring talks
7 February 2011
A fund managed by Goldman Sachs has failed in its attempt to agree a debt restructuring with lenders to a £230m hotel portfolio, and loan enforcement options are now being examined.
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Akkeron buys 10 hotels
4 February 2011
Akkeron Hotels has today bought 10 hotels from the administrators of Butterfly Hotels and Crowne Hotels.
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"Spirit of Christmas" to open new Bluewater events venue
4 February 2011
Event organiser Clarion’s ‘Spirit of Christmas’ show has been selected to open the new Bluewater events venue in November.
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Marriott to open first Finland hotel
3 February 2011
Marriott International is to open its first Finnish hotel is Espoo, the country’s second largest city.
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Soho Estates green light for Leicester Square hotel
3 February 2011
Soho Estates, the company founded by the late property tycoon Paul Raymond, has been granted planning permission to convert office space on London’s Leicester Square into a Premier Inn hotel.
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British Steel Pension Fund forward funds Manchester Premier Inn hotel
1 February 2011
Trafford developer Property Alliance Group has secured a forward funding agreement with British Steel Pension Fund for a Premier Inn hotel in Piccadilly, Manchester.
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Columbus UK Real Estate Fund buys Sunniside Leisure scheme
31 January 2011
Columbus UK Real Estate Fund, advised by Columbus Capital Management, has bought Sunniside Leisure in Sunderland from Orchard Street Investment Management, for around £9.3m.
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Greene King spends £55.8m on gastro-pubs chain
31 January 2011
Greene King has bought a chain of regional gastro-pubs for £55.8m.
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Pontin’s rescued by Britannia Hotels
28 January 2011
Manchester-based Britannia Hotel Group has bought the troubled holiday camp operator as a going concern from administrator KPMG.
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Four Seasons Park Lane Hotel to reopen next week
28 January 2011
The Four Seasons Park Lane Hotel will reopen its doors to the public on Monday (31st January) following a 28-month comprehensive refurbishment.
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Prupim helps Premier Inn land at Gatwick
28 January 2011
Fund manager invests £80m in joint venture with Arora Hotels
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Christie + Co: Business Outlook 2011
27 January 2011
As market conditions toughened from 2007 onwards, the focus of many investors and operators in our sectors shifted from acquisition and expansion to efficiency improvement and business preservation.
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Hilton Hotel in Valencia sold to Continental Property Investment
26 January 2011
The five star Hilton Hotel in Valencia Spain has been bought by Continental Property Investment, the Paris based investment firm, for an undisclosed sum.
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Whitbread poaches new international head of hotels and restaurants from Jumeirah Group
26 January 2011
Whitbread has announced the appointment of Paul Macpherson as international managing director of Whitbread Hotels and Restaurants.
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Midweek Bulletin: Spurs and West Ham groundshare plus talk of a 'double-dip'
26 January 2011
Property Week editor in chief Giles Barrie and executive editor James Whitmore cast their eyes over the week’s big stories.This week they look at new statistics which show the economy shrinking again and the big Olympic Stadium story, among others.
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Frogmore starts construction of South Place Hotel in the City
24 January 2011
Frogmore has started construction on the luxury City of London boutique South Place Hotel.
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Council terminates Oak's £350m Rotherham YES scheme
24 January 2011
Rotherham Borough Council has terminated its agreement to allow the AIM-listed Oak Holdings to develop a £350m leisure resort next to the Rother Valley Country Park in South Yorkshire.
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Cougar Leisure goes into administration
18 January 2011
Cougar Leisure has gone into administration and Christie + Co has been appointed to market six of its pubs and bars spread across the North of England.
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Travelodge to build 35 UK hotels this year
17 January 2011
Travelodge will build 35 hotels, totaling 3,667 rooms, in the UK this year representing an investment of £300m.
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Max Property completes pubs sale and leaseback
14 January 2011
Max Property Group has completed the sale and leaseback of 29 freehold pubs let to Enterprise Inns for £42.6m.
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W London for sale at £200m
14 January 2011 upload
McAleer & Rushe to offload Leicester Square hotel
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Restaurateurs sign prelet for Italian restaurant at 30 North Audley Street
13 January 2011
Three leading restaurant operators have teamed up to launch a new Italian restaurant in Mayfair.
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Glasgow takes plunge on £30m floating village plan
12 January 2011
Manchester-based developer Floating Concepts has been picked as the preferred bidder to develop a £30m floating village at Pacific Quay in Glasgow.
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The Restaurant Group plans expansion as sales rise
12 January 2011
The Restaurant Group, owner of British food chain Garfunkel’s, plans to expand its portfolio of 350 restaurants as it revealed a 7% increase in turnover in 2010.
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Heron secures planning for Four Season Hotel and Residences at the Heron Plaza
11 January 2011
Heron International has secured planning for a major hotel, residential and retail development in the City of London.
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Europoint Holdings acquires Howard Hotel and Channings Hotel in Edinburgh
11 January 2011
Europoint Holdings, a member of Palm Holdings, has acquired the 5-Star Howard hotel and 4-Star Channings hotel, both in Edinburgh.
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Revised plans submitted for new Heathrow hotel
11 January 2011
Rokeby Developments and Scottish businessman and philanthropist, Lord Laidlaw have submitted revised plans for a new Heathrow hotel, in the village of Longford.
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Grosvenor buys French development from Heron International
10 January 2011
Grosvenor has bought a mixed use development in France from Gerald Ronson’s Heron International for €95m.
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Free white paper: Empty property - Protect and Survive
10 January 2011
Owners of more than three-quarters of UK properties are at risk if their building is extensively damaged, because they don’t have the right insurance. And even worse, they don’t know they’re at risk.
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Westfield sells two hotels overlooking Olympic Park for around £50m
10 January 2011
Westfield has sold two hotel developments overlooking the Olympic Park to ES Properties (Stratford), a joint venture between Cycas Capital Hotel Partners and Patron Capital.
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McLaren Construction Group launches new property division
6 January 2011
McLaren Construction Group has launched a new property division which will target development opportunities in the retail, student accommodation, hotel, mixed-use, leisure and London residential markets.
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Akkeron Hotel Group acquires Forestdale Hotels
5 January 2011
Akkeron Hotels Group has acquired Forestdale Hotels, increasing its portfolio to 26 and making it one of the largest regional hotel operators in the UK by number of hotels.
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Sahara checks into the Grosvenor House Hotel for £470m
30 December 2010
London’s Grosvenor House Hotel has today been sold by the Royal Bank of Scotland to Indian business group Sahara India Pariwar for £470m.
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Park Plaza in £21m London hotels deal
30 December 2010
Park Plaza Hotels is to pay £21m for full ownership of three London hotels, funded by a placement of shares on AIM tomorrow.
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Council picks up Targetfollow’s £100m Stockport development site
22 December 2010
Stockport Council is set to buy the Grand Central leisure complex in Greater Manchester from the collapsed subsidiaries of property company Targetfollow, under plans to attract £100m of private money for its redevelopment.
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Loch Lomond golf club to be bought by members
22 December 2010
Loch Lomond Golf Club in Scotland, whose members include Prince Andrew and Sir Sean Connery, is close to being bought out of administration by its 800 members.
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Balaji buys St Helen's hotel out of administration
16 December 2010
Balaji Hotels has bought the Park Inn St Helen’s out of administration.
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Young & Co calls Geronimo! with £60m buy
16 December 2010
Young & Co, the brewery chain, has bought Geronimo Inns for £60m.
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DevSecs buys in Burnley
16 December 2010
Development Securities has bought a Burnley leisure park for £4.025m.
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Raymond Blanc cooks up first north-west restaurant
14 December 2010
Celebrity chef Raymond Blanc has confirmed plans to open a restaurant at Neptune Developments’ Mann Island in Liverpool city centre.
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Blackstone refinances European hotel portfolio
14 December 2010
Citigroup Global Markets and ING Real Estate Finance have completed a debt restructuring for a Blackstone-controlled hotel company.
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Sanguine Hospitality to create 285-bed Birmingham hotel
10 December 2010
Sanguine Hospitality has announced it will make a £30m investment to transform a derelict Birmingham landmark into a 285-bed hotel.
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Legal & General £50m deal to revive England football's future
9 December 2010
The Football Association has secured £50m from Legal & General Property in a landmark deal that could pave the way for the revival of the England international team.
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Green light for leisure complex at Edgbaston Mill
8 December 2010
Calthorpe Estates and Wylam Investments have been granted planning permission for a leisure complex which will complete their Edgbaston Mill scheme.
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D&D’s double dinner date in Trinity Leeds
8 December 2010
Des Gunewardena’s D&D London will open its first restaurant outside London at Land Securities’ Trinity Leeds shopping centre.
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Property Chef - The Second Semi-Final
3 December 2010
In the second of our three semi-finals, Will Hodge of Montagu Evans, Paul Gold of Brogan Danvers Gold and Stephen Armitage of Lambert Smith Hampton, take on the cooking challenge.
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Marco Pierre White to open rooftop restaurant at The Cube in Birmingham
2 December 2010
Marco Pierre White is set to open a Steakhouse Bar and Grill restaurant on the top floor of the 25-storey The Cube in Birmingham.
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England beaten by Russia in 2018 World Cup bid
2 December 2010
England has failed in its bid to host the 2018 World Cup, being beaten to the international football competition by Russia.
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Freeman's Leisure Park in Leicester is sold for £14.65m
25 November 2010
Freeman’s Leisure Park in Leicester has been sold to clients of DTZ Investment Management for £14.65m.
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Investors missing out on leisure sector opportunities, says X-Leisure chief and JLL
25 November 2010
Property investors “misunderstand” the leisure sector, which is outperforming it’s rival asset classes in many areas, the head of the UK’s largest leisure property owner said today.
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Drivers Jonas Deloitte appointed to manage temporary 2012 venues
24 November 2010
Drivers Jonas Deloitte has been appointed project manager for four London 2012 temporary venues.
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Bespoke Hotels to manage new Newbury Racecourse hotel
22 November 2010
Newbury Racecourse has signed heads of terms with Bespoke Hotels for a 10 year management contract of the racecourse’s new 120-bedroom hotel, which is set to open in 2014.
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Mountgrange forms £100m joint venture to bring Asian hotel chain to London
22 November 2010
Property investment company Mountgrange has formed a joint venture to invest £100m in bringing a budget hotel chain to London.
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West Ham kicks off Upton Park developer search
19 November 2010
West Ham United Football Club has kicked off the search for a developer for the historic Upton Park Stadium in Newham, London.
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Broadway Malyan appointed to transform NIA Birmingham
18 November 2010
Architect Broadway Malyan has been appointed to transform the National Indoor Arena in Birmingham into a state-of-the-art venue.
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Wolseley creators to open sister restaurant at 1 Kingsway development
17 November 2010
The creators of The Wolseley restaurant in Piccadilly, London, have signed a deal to open a new European style brasserie in the No 1 Kingsway development.
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Musgrave called in to bat at Lord's
11 November 2010
Property veteran Stephen Musgrave has been enlisted to help select a developer for the £400m redevelopment of Lord’s cricket ground in north-west London.
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Cap & Reg "actively pursuing" investment opportunities
11 November 2010
Capital & Regional is “actively pursuing” investment opportunities after a period ofimproving operational efficiency, the company said today.
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Manchester restaurant Vermilion & Cinnabar gets £3m expansion
10 November 2010
A top Manchester restaurant will go ahead with a £3m expansion plan.
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Hotelier Ian Schrager returns to London
9 November 2010
Founder of the boutique hotel concept, New York hotelier Ian Schrager, is to return to London to create a new boutique hotel.
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St James's Hotel and Club sold
5 November 2010
The St James’s Hotel and Club has been bought by Far Eastern-based investors for around £60m.
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Humbert Leisure chairman steps down
4 November 2010
Humberts Leisure’s executive chairman Nigel Talbot-Ponsonby has stepped down after 35-years at the helm.
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Terrace Hill starts Gateshead design centre construction
4 November 2010
Terrace Hill has started construction of the Northern Design Centre at its 50-acre Baltic Business Quarter in Gateshead.
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Maybourne Hotel Group in talks to sell £200m stake
29 October 2010
Maybourne Hotel Group, which owns Claridges, the Berkeley and the Connaught Hotel, is now in exclusive talks with private equity investor Northwood Investors to sell a £200m stake in the company.
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Rotherham commissions Colliers retail study
26 October 2010
Rotherham Metropolitan Borough Council has instructed Colliers International to conduct a retail and leisure study of Rotherham following a competitive tender.
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Travelodge gets green light for two hotels
25 October 2010
Travelodge has received planning permission to build two hotels in Poole, Dorset and Teddington, Richmond upon Thames.
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Playboy Club returns to the West End
22 October 2010
The Playboy Club is set to return to London’s West End with the opening of a new venue.
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Geronimo opens first City pub at Broadgate
21 October 2010
Geronimo Inns has opened its first pub in the Square Mile at British Land and Blackstone’s Broadgate Estate.
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Axa forward-funds Premier Inn in Stratford Upon Avon
21 October 2010
Axa Insurance UK and AXA PPP Healthcare have agreed to forward-purchase a 130-bed Premier Inn Hotel in Stratford Upon Avon.
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Travelodge to open at St Modwen's Edmonton Green
14 October 2010
St Modwen is to develop a Travelodge hotel at its Edmonton Green shopping centre in North London.
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Capco wins planning for £20m Olympia extension
14 October 2010
Capital & Counties yesterday won planning consent for a £20m extension at London’s Olympia Exhibition and Conference Centre.
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Cowell Group buys Hilton London Hyde Park hotel
14 October 2010
Cowell Group has also completed on the purchase of Hilton London Hyde Park, as first revealed by Property Week.
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Punch to close more pubs
13 October 2010
Punch Taverns is to close up to 1,500 pubs as it focuses on gastro venues.
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Date confirmed for St Pancras hotel opening
12 October 2010
St Pancras Renaissance Hotel London is to open 5th May 2011.
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Invesco launches second European hotel fund
7 October 2010
Invesco Real Estate today launched a second European hotel fund with an exclusivity agreement to purchase a €168m seed portfolio.
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Hastings Pier redevelopment marred by epic blaze
5 October 2010
Hastings Pier has been destroyed by fire the day after a community group launched a competition to design its redevelopment.
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Tesco and Old Trafford Cricket Ground get go ahead
4 October 2010
Planning consent has been granted for the £32m redevelopment of Old Trafford Cricket Ground and the building of a Tesco superstore on a neighboring site.
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Tottenham Hotspur gets go ahead for new stadium and lines up Olympic bid
1 October 2010
Tottenham Hotspur got the go ahead for its new stadium scheme, the Northumberland Development Project, last night.
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Spanish hotel group set to buy London hotel
30 September 2010
A Spanish hotel group is set to buy a half-built luxury hotel on London’s Strand.
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Michelin star chef takes Pitcher & Piano site on Pollen Street
29 September 2010
Jason Atherton, former executive chef of Gordon Ramsay’s Maze restaurant, has signed up to open his first restaurant - a 6,549 sq ft site on Pollen Street from vendor Marston’s.
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Carlyle buys B&B Hotel Group for €480m
29 September 2010
US private equity firm Carlyle has bought a chain of 223 budget hotels in Europe for €480m from European investment firm Eurazeo.
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Hoteliers have a good August
28 September 2010
August was a healthy month for many hoteliers across the UK, according to preliminary monthly figures released today by PKF Hotel Consultancy Services.
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Asian hotel group in talks to take control of six star London hotel development
28 September 2010
KOP Group, a luxury Asian based hotel group, is set to make its UK debut and is in talks to take control of a large hotel development in London.
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Travelodge in Bromley appoved
24 September 2010
Plans submitted by Skillcrown Homes and Travelodge for a 92 bed hotel and shop on London Road, Bromley, were approved unanimously by Bromley Council’s planning committee last night.
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Mitchell's & Butler plans £200m spend
23 September 2010
Mitchells & Butler intends to spend £200m next year buying single properties and small portfolios, it announced today.
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Planning approved on Manchester's landmark former fire station
22 September 2010
Manchester City Council has approved planning permission for the redevelopment of the former London Road Fire Station in the city.
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Work starts on Bristol Travelodge
22 September 2010
CB Richard Ellis Investors has started work on Bristol’s biggest pre-let for two years.
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Aviva buys Gateshead hotel
22 September 2010
McAleer & Rushe has forward sold a hotel development in Gateshead for £19m.
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Crown Golf to sell eight golf clubs
20 September 2010
Crown Golf has put eight of its golf clubs on the market, following a strategic approach to focus on its member and resort businesses.
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Brims Construction wins Toffee Factory contract
17 September 2010
North East firm Brims Construction has been chosen as the contractor to develop the former Maynard’s toffee factory in Newcastle’s Lower Ouseburn Valley.
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Azure Properties in talks to raise £1bn for hotel venture
14 September 2010
Hotel investor Azure Properties is planning a £1bn hotel fund.
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YES! to Oak's Rotherham scheme
3 September 2010
Oak Holdings has been given the green light for its £350m YES! project in Rotherham, south Yorkshire.
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Clacton Travelodge bought by private investor
2 September 2010
A Travelodge in Clacton-on-Sea has been bought by a private investor from Real Estate Leisure Capital Limited for £2.16 million, reflecting a net initial yield of 7%.
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Greater Manchester Property Venture Fund buys Stockport development site
2 September 2010
The Greater Manchester Property Venture Fund (GMPVF) has bought a former Royal Mail sorting office in Stockport for an undisclosed amount.
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Berners Hotel up for sale
31 August 2010
Jones Lang LaSalle Hotels has been appointed by administrators of Berners (BVI), to sell The Berners Hotel in London’s West End.
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Pandoz agrees €1bn Norwegian hotels company deal
24 August 2010
Swedish hotel owner Pandox has agreed an €1bn deal to buy Norwegian company Norgani Hotels.
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Merlin confirms £18.5m Legoland hotel deal
23 August 2010
Legoland owner Merlin Entertainments has confirmed it has agreed a deal for an £18.5m hotel to be developed at the Windsor theme park, as revealed by Property Week.
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Mitchells & Butlers to sell 333 pubs
20 August 2010
Mitchells & Butlers is planning to sell a portfolio of 333 pubs for £373m.
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Lego stacks up UK hotel scheme
20 August 2010
Asian investors to forward fund 150-room scheme at Legoland Windsor theme park
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Brum green light for £75m city-centre scheme
19 August 2010
A 25-storey mixed-use development will be added to Birmingham’s skyline after plans for the scheme were given planning consent by Birmingham City Council today.
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Six former Merchant Inns sold to Bespoke Hotel Group
18 August 2010
Boutique hotel operator Bespoke Hotel Group has signed a management contract for six 4-star former Merchant Inns hotels.
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Tiger donates former petrol station for pop up cinema
17 August 2010
Tiger Developments has donated a former petrol filling station in Clerkenwell for a pop up 1950s style cinema.
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Bank of China to fund £100m London hotel
16 August 2010
Bank of China is to fund a £100m London hotel development in its first substantial investment in London’s hospitality sector, the Independent on Sunday has reported.
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JLL's Rob Seabrook to join Savills
9 August 2010
Rob Seabrook is to leave Jones Lang LaSalle to join Savills in its hotels and healthcare division.
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Peel to open Holiday Inn at MediaCityUK
9 August 2010
Peel Leisure has signed up Holiday Inn to open a hotel at MediaCityUK in Manchester.
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Mitchells & Butlers sells Hollywood Bowl
9 August 2010
Mitchells & Butlers has agreed the sale of its Hollywood Bowl business.
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Prupim buys 25% stake in Henderson's Brewery
2 August 2010
Henderson Global Investors has sold a 25% stake in the Brewery in Romford for £44.25m.
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Sleeperz secures £7m of new capital for budget hotel expansion
30 July 2010
Connection Capital, a new private client investment business, has made its first investment in budget hotel operator Sleeperz Hotels.
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Sound London nightclub in administration
30 July 2010
A buyer is being sought for nightclub Sound London after the appointment of Colin Wilson and Tim Dolder of RSM Tenon as joint administrators.
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Southampton wins Arts Council funding
28 July 2010
A proposed arts complex in Southampton has been awarded £7.2m by the Arts Council England.
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DAM Estates gets planning for Travelodge at Lee Hurst comedy club
27 July 2010
Hotel operator Travelodge and stand-up comic Lee Hurst are set to open in a development in east London that has just won planning permission.
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Redefine agrees £106m London hotels deal
26 July 2010
Redefine International has agreed to buy five Holiday Inn hotels in London for £106.3m.
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More new names for Southgate Bath
23 July 2010
Multi Development and Aviva Investors have signed a raft of new names for their Southgate scheme in Bath.
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Le Meridien Piccadilly sold to Host Hotels & Resorts
22 July 2010
Starman Hotels has sold its Le Meridien Piccadilly hotel in London to Host Hotels & Resorts for £64m.
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Oldham appoints consultancy on £20m stadium plans
22 July 2010
Oldham Athletic FC has appointed Sports Solutions GB to help deliver their £20m community sports facilities development scheme.
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Luxury Fashion boosts West End retail sales
19 July 2010
Retail sales in London’s West End saw a 10% year-on-year growth in June compared to a flat UK-wide result of just 1.2%, according to figures released by the New West End Company today.
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Morgans refinances £100m luxury London hotels debt
19 July 2010
Debt secured against two five-star London hotels has been refinanced by one of the hotels’ joint owners, Morgan Hotels Group.
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HMV and Curzon win permission to open cinema in Waterstones
16 July 2010
Planning permission granted for fourth floor of Piccadilly branch of book store in London’s West End
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Cap & Reg reports rise in fund values
16 July 2010
Capital & Regional reported a rise in the value of its three funds this morning for the quarter ending 30 June.
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Mitchells & Butler sells £91m lodge business
15 July 2010
Mitchells & Butlers has announced the disposal of the majority of its lodge business and the sale and leaseback of eight pubs for £91m.
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Sporting plans for Lewisham revealed
13 July 2010
Regeneration specialist Renewal has launched plans for the regeneration of north Lewisham.
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Hyde Park hotel sold to private buyer
8 July 2010
The Park Inn in Hyde Park has been sold to a private buyer for around £35m.
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Pickles officially axes “Soviet-style” regional planning
6 July 2010
Communities secretary Eric Pickles will slam the previous government’s “Soviet-style” housing targets today, as he officially revokes Regional Spatial Strategies.
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Birmingham city centre hotel gets go ahead
6 July 2010
Birmingham City Council has granted planning permission for a new Travelodge and Tesco express development in the city centre.
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Aberdeenshire councillors refuse to play Trump CPO card
02 July 2010
Opponent demands to know whether council will compulsorily purchase land for mogul’s golf resort
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Alcohol and vindaloo: banks and hoteliers clash at Hotels 2010
02 July 2010
Bankers faced their angry hotelier customers last week at Hotels 2010 – Preparing for the Recovery, organised by Property Week and held at Berwin Leighton Paisner’s London office.
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And finally
02 July 2010
England’s oldest tourist attraction, Mother Shipton’s Cave and Historic Park (pictured), is suffering from a very modern problem: no bank will lend an aspiring operator enough money for the asking price of £1.5m
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Assets of Paramount importance
02 July 2010
Today is the deadline for expressions of interest in the non-core assets of the heavily indebted Paramount Restaurants group
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Former GVA Grimley chief’s new venture is child’s play
02 July 2010
Corbett opens second children’s centre in Cheltenham on 10 July
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Love your local? You could become the landlord
02 July 2010
The price of pubs is falling and individuals are investing in their favourite boozers. Christine Eade profiles two novice publicans
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Need to know: Agora’s one-armed gambit
02 July 2010
The Gaming Commission was expected last week to inform Minmar (929), the company set up to buy the assets of the Agora Gaming Group, whether it had been granted a licence
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Park Inn does like to be beside Southend’s seaside
02 July 2010
Hotelier has given new lease of life to former hostel the Palace hotel
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The Gym flexes muscles in Brighton
02 July 2010
Budget fitness chain plans to open up to 50 gyms by 2013
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Green light for hotel at Clapham Junction
1 July 2010
Planning consent has been granted for a 70-bedroom hotel opposite Clapham Junction train station.
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Starwood and L&R buy London's Cumberland in Europe's largest hotel deal this year
1 July 2010
Starwood Capital and London & Regional have bought the Cumberland Hotel at London’s Marble Arch.
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Budget hotels are booming as Boris opens 400th Travelodge
1 July 2010
The budget hotel sector has been booming through out the recession as was evidenced yesterday with the opening of the 400th Travelodge hotel near Waterloo train station in London.
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Park Plaza completes on 360 room sales at Westminster Bridge apart-hotel
29 June 2010
Hotel owner and operator Park Plaza has completed 360 sales of rooms at its recently opened Park Plaza Westminster Bridge in London.
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Starwood Hotels to open an Aloft Hotel at London’s ExCel
22 June 2010
Starwood Hotels & Resorts has signed up to open an Aloft Hotel at Excel in London’s Docklands ahead of the Olympic Games in 2012.
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Manchester Evening News Arena sale completes
16 June 2010
Development Securities has completed its purchase of the Manchester Evening News Arena.
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Alfa Laval regeneration gets go-ahead
11 June 2010
Carlton Properties has been granted planning permission by the London Borough of Hounslow for a £100m regeneration scheme on the 4.6 acre Alfa Laval site in Brentford.
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Cambridge stadium agreement reached
9 June 2010
Stakeholders in the Grosvenor-owned Cambridge United stadium have reached an agreement to relocate the football club before the site is developed.
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Hotel sold for charity
19 May 2010
Doxford Hall, a hotel near Alnwick in Northumberland, has been sold for charity.
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Spurs are on their way to a new stadium
19 May 2010
Tottenham Hotspur Football Club today revealed revised plans for a new stadium-led scheme next to its existing White Hart Lane ground in north London.
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Cap & Reg refinances Xscape Braehead and sells £380m of assets
19 May 2010
Capital & Regional has sold close to £380m of assets and refinanced its Xscape leisure scheme in Glasgow.
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Development Securities exchanges on deal to buy MEN arena
12 May 2010
Development Securities has exchanged contracts to buy the Manchester Evening News (MEN) Arena for more than £60m as tipped by Property Week on 12.02.10.
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Leigh town centre plans get go ahead
12 May 2010
Salmon Harvester has got the go ahead for a £50m, 150,000 sq ft mixed use development on Spinning Jenny Way in Leigh town centre.
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£40m hotel planned for Barking town centre
11 May 2010
A car park in Barking town centre is to be redeveloped into a 21-storey hotel under plans announced today.
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Edgbaston Cricket Ground's new stadium gets funding
5 May 2010
Advantage West Midlands has provided funding for the new stadium at Warwickshire County Cricket Club's Edgbaston Cricket Ground.
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Rotherham closes in on new football stadium
5 May 2010
Plans for Rotherham United Football Club community stadium has taken a significant step forward after Rotherham Borough Council’s cabinet agreed the council could buy the land needed to accommodate the facility last week.
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Consent granted for £56m Liverpool scheme
29 April 2010
Liverpool City Council has granted planning consent for a £56m mixed use scheme in the city centre.
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Whitbread plots further expansion
29 April 2010
Whitbread, the coffee shops to hotel business, has revealed strong results and plots further expansion in London, the UK and beyond.
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Investors to resubmit bids for former In & Out club
23 April 2010
The site of the former In & Out Club at 90-100Piccadilly is up for grabs as a whole or in parts following advisor Jones Lang LaSalle Hotels considering new bids from investors looking at just part of the block.
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£200m retail & leisure scheme planned in Omagh
22 April 2010
Corbo Properties have revealed plans for a £200m retail and leisure development in Omagh town centre this week.
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Plaza Centers makes first US investment
22 April 2010
Plaza Centers has made its first investment in the USA in a bid to take advantage of low retail values following the recession.
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Cap & Reg funds continue recovery
16 April 2010
Capital & Regional’s quarterly fund valuations revealed this week show that two of its three funds outperformed the market.
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Co-op Bank backs boutique Cambridge hotel
15 April 2010
A boutique hotel development in Cambridge has agreed £6m of funding from the Co-operative Bank.
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Land Securities completes purchase of O2 centre on Finchley Road
12 April 2010
Land Securities has bought The O2 Centre, Finchley Road in London from the Matterhorn Palos Partnership, a joint venture between Matterhorn Capital and Palos Investments.
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Mountain Capital puts Portman Hotel on the market
9 April 2010
Mountain Capital has hired CB Richard Ellis Hotels to sell its Portman Hotel in London’s West End.
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Underground five-star hotel plans submitted
9 April 2010
Plans for a five-star underground hotel at Hersham Golf Club have been submitted today by Claudel Venture Holdings, part of the international leisure company Arkin Group to Elmbridge Borough Council
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Raffles Hotel sold to Qatari Diar for $275m
8 April 2010
The historic Raffles Hotel in Singapore, famed for its colonial grandeur and the Singapore Sling cocktail, is to change hands in a deal worth $275m (£180m).
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£100m Flaxby Country Resort gets green light
6 April 2010
The Skelwith Group has got the final go ahead for a hotel development in north Yorkshire.
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Premier Inn signs for new hotel in Glasgow
1 April 2010
Whitbread has signed a deal with ING to convert a former office block on Glasgow’s West Nile Street, just off Sauchiehall Street, into a new 210-bedroom Premier Inn hotel.
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L&G hires Andrew Ferguson for leisure fund
1 April 2010
Legal & General Property is boosting its leisure fund with the hire of a new fund manager from leisure and retail specialist Citygrove.
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Hotel report reveals London remains resilient despite tough 2009
1 April 2010
Hotel companies have struggled in 2009, according to PKF’s latest hotel report - Hotel Britain 2010.
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Travelodge wins planning in Twickenham
31 March 2010
Travelodge has secured planning for a 111-bed hotel on London Road in Twickenham.
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MWB Group reports £15.4m loss but property portfolio stabilises
30 March 2010
MWB Group reported a £15.4m loss last year up from a £9.9m loss in 2008 but said that the value of its property portfolio stabilised while retailer Liberty had “record” revenues.
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BNP Paribas Real Estate: European Hotel market - February 2010
26 March 2010
“Hotels, in particular upscale hotels due to their high dependence on business travel and wealthy clientele, were hit as well as cities with a high reliance on the United Kingdom as a source market. The United Kingdom as a destination benefited from the cheap rate of sterling.”
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New boutique hotel for London’s Hoxton
24 March 2010
Soneva Properties last night won planning consent for a 247-bedroom boutique hotel on the fringes of the City of London.
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London hotel occupancy improves
22 March 2010
London hoteliers achieved healthy growth in February while the regions posted healthier occupancy rates.
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MIPIM ARCHIVE: Global hotel chains eye Birmingham
18 March 2010
Two global hotel chains are looking for at least three new sites for hotels in and around Birmingham.
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Mayor gives go ahead to £4.5bn Brent Cross regeneration
12 March 2010
London mayor Boris Johnson, has approved plans for a major regeneration project, which will create a new town centre at Brent Cross in Cricklewood, north London.
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Consortium set up to regenerate East Manchester
12 March 2010
Manchester City Council, New East Manchester (NEM) and Manchester City Football Club (MCFC) have signed a formal agreement to collaborate to create a transformation plan for east Manchester, focussed on the area around the City of Manchester stadium today.
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£30M business park planned for east Edinburgh
12 March 2010
Plans for a £30m business park and hotel development at the eastern end of Edinburgh City Bypass called Lothian Park have been revealed.
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Travelodge takes Essex lease
10 March 2010
Compass Hotels has negotiated a management lease to Travelodge on the Best Western Stansted Manor Hotel in Essex.
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Gala Bingo bets on Farnborough
8 March 2010
Gala Bingo has signed up to anchor St Modwen’s town centre regeneration scheme in Farnborough, Hampshire.
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Premier Inn signs with Westfield at Olympic site
8 March 2010
Whitbread-owned Premier Inn hotel has signed up with Westfield, the Australian shopping centre developer, to open a 267-bedroom budget hotel at Stratford, next to the Olympic Stadium.
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Heron Plaza goes in for planning
5 March 2010
Gerald Ronson’s Heron International has submitted a planning application for its £500m Heron Plaza scheme in the city of London.
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Park Inn Hyde Park to be sold for £35m
5 March 2010
Gresham Hotel Group is selling the Park Inn Hyde Park in London for around £35m.
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SWIP Property Trust buys Edinburgh’s Missoni hotel
3 March 2010
Scottish Widows Property Trust has bought The Bridge, a property including retail, two restaurants, a banking hall and the five star boutique Missoni hotel, on the Royal Mile in Edinburgh for £41m.
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CBRE appointed to sell Crystal Palace’s Selhurst Park
26 February 2010
The joint administrators for Selhurst Park stadium, home of Crystal Palace football club, have instructed CB Richard Ellis as marketing agents.
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Dolphin Capital raises €100m facility
26 February 2010
AIM-listed Dolphin Capital Investors has secured a €100m facility to help fund two projects in Greece and Cyprus.
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Wolseley’s head of European real estate leaves
26 February 2010
Plumbing and building materials group Wolseley’s head of European real estate Paul Dove has left the company.
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Go ahead for Puma Hotel in Harrogate
22 February 2010
Puma Hotels secures consent for new 107 bedroom hotel in Harrogate
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Matterhorn Palos Partnership buy in Newcastle
19 February 2010
Matterhorn Palos Partnership, a joint venture between Simon Conway and Anthony Lyons and Brett Palos, has bought an office, leisure and retail block in Newcastle City Centre.
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Ask and Realty Estates drink to first Boddingtons Brewery deal in Manchester
17 February 2010
Deansgate Securities, a joint venture between Ask Developments and Realty Estates, has sealed its first deal on the former 7-acre Boddingtons Brewery site in Manchester with a pre-let to Travelodge and forward sale of the investment to Marcus Worthington Properties.
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M1 Real Estate buys London block for £175m
16 February 2010
Lebanese investor M1 Real Estate has bought Victoria house in Bloomsbury Square from Irish-based Moritz Group for around £175m.
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DevSecs on song for MEN arena
10 February 2010
Development Securities is in exclusive talks to buy Manchester Evening News Arena, which has hosted bands such as Take That and the Rolling Stones, for over £60m.
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Jurys Inns to invest in new hotel concept
9 February 2010
Jurys Inns is to invest £9m in opening new hotels in 2010.
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Fleetwood town’s plans get go ahead
9 February 2010
Fleetwood Town’s redevelopment plan has got the go ahead this week.
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F&C REIT: Market Review Outlook
5 February 2010
"The property market has seen a dramatic turnaround from mid 2009 to give a 2.2% total return for the full year. The recovery gained pace during the year and the December IPD Monthly total return was a record 3.6%."
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RICS UK Commercial Market Survey: Q4 2009
5 February 2010
"Lettings activity for commercial property moved higher in Q4, for the second consecutive quarter. Net balances for enquiries, demand and confidence picked up at a faster pace. Of the sectors, retail property continues to lag with tenant demand still in decline across most regions outside of London and the South East."
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Hotel planned for former school on Edinburgh’s Calton Hill
3 February 2010
The former Royal High School on Edinburgh’s Calton Hill could be redeveloped as an “arts hotel”, bringing the building back into use for the first time since 1968.
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New hotel for O2 at Greenwich
2 February 2010
AEG Europe, owner of the O2 in Greenwich, is searching for a hotel operator for a new 4 star hotel at the site.
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MWB appoints Knight Frank to sell two Scottish hotels
18 January 2010
MWB, owner of the Hotel du Vin and Malmaison boutique hotel chains, is selling properties in Edinburgh and St Andrews in Scotland.
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Paddington Central final phase gets green light
12 January 2010
The final phase of the £600m Paddington Central development has got the green light from Westminster Council.
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Whitbread to open second 'green' hotel
12 January 2010
Whitbread is to open a second ‘green’ hotel, and its first low-carbon restaurant in Burgess Hill Premier West Sussex.
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MGPA Europe Fund III buys in Poland
11 January 2010
MGPA has completed the largest Polish real estate deal since 2007 with the purchase of two shopping centres.
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Fitness4less shapes up for expansion
11 January 2010
Health and fitness operator Fitness4less has appointed Christie & Co to oversee a major acquisition and development programme across the UK.
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London's Trocadero to become 'pod' hotel
8 January 2010
London’s Trocadero complex is set to become a 495-bed “pod” hotel in time for the 2012 Olympic Games.
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Cadena buys in Yeovil
8 January 2010
Cadena has bought its third retail park in two months this week.
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Tottenham Court Road property swap
7 January 2010
Bedford Estates and fund manager Threadneedle have completed a property swap of holdings on Tottenham Court Road in London.
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Work begins on Trinity Walk shopping centre... Again
7 January 2010
The long awaited Trinity Walk shopping centre in Wakefield is back on track after standing half built for six months.
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Mayfair Capital buys three properties for its charities fund
7 January 2010
Mayfair Capital Investment Management has bought three properties for a total of £10.3m for its Property Income Trust for Charities (PITCH).
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Spanish bank buys back half-built Strand hotel
5 January 2010
A half-built hotel on The Strand in London has been bought by the Spanish bank that provided debt for the development.
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First post-Christmas retail casualty emerges
31 December 2009
Fashion chain D2 has become the first post-Christmas retail casualty.
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British Land buys £87m retail assets from Segro
30 December 2009
British Land has bought Segro's 50% interest in a joint venture with Tesco in the Surrey Quays Shopping Centre in south east London and the Clifton Moor Retail Park in York.
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Shoppers out in force in Glasgow
24 December 2009
The St Enoch shopping centre in Glasgow city centre has broken all its previous footfall records since opening its new extension at the end of November.
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Government says no to Centros’s Lancaster plans
24 December 2009
Centros’s plans for a £150m redevelopment of Lancaster city centre have been turned down by the government.
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Covent Garden attracts the crowds
23 December 2009
Covent Garden in London has reported high footfall for December to date, despite continuing tough economic conditions and the recent cold weather.
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L&G buys Covent Garden portfolio
22 December 2009
Legal & General has bought £119.5m of Covent Garden properties from ING Covent Garden Limited Partnership.
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British Property Federation hits back over retail support claim
22 December 2009
The British Property Federation has hit back at the British Retail Consortium which questioned how much support the property industry has provided to retail occupiers during the recession.
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LaSalle buys retail park in Torquay
22 December 2009
LaSalle Investment Management, as part of its acquisition push in 2009, has bought Wren Retail Park in Torquay for £24.36m.
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Hammerson buys in Marseille
21 December 2009
Hammerson has bought Les Terrasses du Port in Marseille from Foruminvest.
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L&G buys Wilmslow Park
21 December 2009
Legal & General Property’s managed fund has bought 53,375 sq ft of mixed-use space in central Manchester from HSBC Pension Fund for £17.3m, representing a net initial yield of 6.75%.
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Hammerson and Canada Pension Plan buy £297m Silverburn
21 December 2009
Hammerson and Canada Pension Plan Investment Board (CPPIB) have bought Silverburn shopping centre near Glasgow for £297m.
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You Tube goes to Carnaby Street
18 December 2009
Carnaby Street is hosting a street-level interactive ad from You Tube as part of its campaign to promote its new UK "Shows" section of the site.
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Ikea buys Hammerson retail park
18 December 2009
Ikea has bought a retail park in Theale from Hammerson.
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Land Securities signs Clas Ohlson on new lease structure
18 December 2009
Land Securities has exchanged contracts with Swedish retailer, Clas Ohlson, for a 26,000 sq ft store at Clayton Square in Liverpool.
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Coppel to join Balfour-Lynn’s Alternative Hotel Group
18 December 2009
A hotel turnaround specialist has been drafted in to chair Alternative Hotel Group, owner of the De Vere chain.
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Piaget smashes UK’s retail rent record
18 December 2009
Luxury jeweller pays £965 zone A and £1.9m premium for New Bond Street store
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Swiss footwear brand to open first outlet store at Gunwharf Quays
17 December 2009
Swiss footwear brand MBT is to open its first UK outlet store at Land Securities’ Gunwharf Quays in Portsmouth.
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Manny Davidson Trust buys in Guildford
17 December 2009
Wolfe Property Services has bought a parade of shops in High Street, Guildford on behalf of the Manny Davidson Trust for £13.45m from Rockspring.
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Kildare signs new fashion tenants
17 December 2009
Factory outlet Kildare Village has signed up three new retailers.
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Barrie blogs on "childish" Asda
16 December 2009
I loathe censorship and I hate bullies.
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Habitat bought by Hilco venture
16 December 2009
Habitat, the upmarket furniture retailer, has been bought by a consortium headed by retail turnaround firm Hilco.
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Sheffield United gets green light on stand extension
15 December 2009
Championship league club Sheffield United has been granted planning permission for its second major stand extension at the club’s Bramall Lane stadium.
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Benson Elliot converts offices into hotel complex
15 December 2009
Benson Elliot Capital Management, the private equity real estate firm, has completed a €6m office-to-hotel conversion programme at the Deutsch-Japanisches Center in Düsseldorf.
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Helical Bar and Prime Commercial Properties buy £69m Glasgow shopping centre
15 December 2009
Helical Bar, in joint venture with Prime Commercial Properties, has bought the long leasehold interest in the Clyde Shopping Centre in Clydebank, Glasgow for around £69m from the Co-operative Insurance Society.
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Capital & Regional sells two parks
14 December 2009
Capital & Regional, the co-investing property asset manager, has confirmed the sale of two parks from the retail park fund - the Junction Fund.
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Sales in London’s West End increase
14 December 2009
Consumers buying ‘big ticket’ items before VAT increases next year are driving a surge in sales ahead of the Christmas rush.
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Travelodge backs £100m development fund to fuel its expansion
11 December 2009
Travelodge has backed a £100m development fund being set up by City Christopher Stainforth’s Twenty10 Fund Management.
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The Crown Estate completes purchase of 50% stake in Exeter shopping centre
11 December 2009
The Crown Estate has bought a 50% stake in Land Securities’ 530,000 sq ft Princesshay shopping scheme in Exeter as part of a major move to diversify its property assets.
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JJB appoints chief exec
10 December 2009
JJB Sports has poached Keith Jones from electrical retailer group DSG International to be chief executive.
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KPMG appoints agents to hotel portfolio
10 December 2009
Colliers Robert Barry has been appointed to sell 11 hotels and three investment properties which were placed in administration.
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PRE-BUDGET REPORT: Darling ignores retailers calls for delay to VAT rise
9 December 2009
Chancellor Alistair Darling has resisted pressure from the retail sector to delay the rise of VAT back to 17.5%.
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DTZ to manage Central Europe’s largest mixed-use development
9 December 2009
Ballymore has appointed DTZ to manage the retail element of its 230,000 sq m Eurovea scheme on the banks of the Danube River in Bratislava, Slovakia.
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Elton John to open temporary shop in Covent Garden
9 December 2009
Pop singer Elton John’s Aids Foundation is to open a ‘pop-up shop’ called “Out the Closet” at Covent Garden for two weeks.
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St Martins lets final retail unit to Pod Food
9 December 2009
Property company St Martins has let the last remaining retail unit at its 150 Cheapside office development in the City of London to healthy food outlet Pod Food.
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ICSC New York 2009: 2011 is the year to watch for retail failures says top US retail analyst
7 December 2009
2011 is the year to watch for retail failures said a top US retail analyst at the annual ICSC national conference and deal making event in New York today.
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Grosvenor’s Bournemouth Town Centre scheme given green light
04 December 2009
Bournemouth Borough Council has resolved to grant planning consent for Grosvenor’s mixed-use development in the city centre next to the Dalkeith Arcade shopping centre.
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Aldo steps into new Meadowhall store
4 December 2009
Footwear retailer Aldo has signed for a new store at the Meadowhall shopping centre near Sheffield.
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Ealing Broadway Shopping Centre signs New Look
4 December 2009
Legal & General Property’s Ealing Broadway Shopping Centre has signed New Look for a new store and continued to increase footfall this year despite the opening of nearby Westfield London.
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Henderson and USS have faith in retail parks
4 December 2009
Henderson Global Investors has agreed an innovative deal with Universities Superannuation Scheme.
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Local Shopping REIT ready to buy
3 December 2009
Local Shopping REIT today said it was ready to start investing again as it reported strong end-of-year results.
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Liverpool One and Westfield London take BCSC's 'Supreme Gold'
3 December 2009
Liverpool One and Westfield London were named joint winners of the British Council of Shopping Centres’ Supreme Gold award last night.
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Tesco loses Liverpool supermarket appeal
2 December 2009
Tesco has lost an appeal to build a supermarket in Liverpool which was in competition with a 45-acre St Modwen and Liverpool City Council scheme.
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John Lewis calls on Manchester for new contact centre
1 December 2009
John Lewis has signed up to open a new call centre in Manchester’s Didsbury.
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Flannels agrees CVA
1 December 2009
Designer fashion boutique chain Flannels agreed a Company Voluntary Arrangement (CVA) with its creditors yesterday.
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NewRiver makes debut purchase
1 December 2009
NewRiver Retail, the retail property investment company set up by Halladale founder David Lockhart, has made its first purchase.
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British Council of Shopping Centres calls for retail kickstart
30 November 2009
The British Council of Shopping Centres is calling on the Government to make a firm commitment to measures that kick-start the retail property development pipeline in its pre-Budget Report next week.
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Eat & Two Veg to close on Marylebone High Street
30 November 2009
Vegetarian restaurant Eat & Two Veg is to close on Marylebone High Street and the lease has been sold to entrepreneurs, Julie Van Oostende and her father Luc, the operators of Cafe Theatre in Ghent, Belgium.
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Westfield signs Best Buy at Merry Hill
30 November 2009
Westfield has signed up Best Buy, the electrical goods retailer, at Merry Hill in the West Midlands.
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Coplan starts Bedford Aldi
30 November 2009
Coplan Estates has begun work on a £2.5m Aldi supermarket, the first phase in the Bedford Church Lane Neighbourhood Centre Regeneration.
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Number of empty shops falls on prime high streets in the UK
27 November 2009
The number of empty shops on the UK’s prime high streets has reduced for the first time this year according to Cushman & Wakefield’s latest report.
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Prime Commercial Properties to sell Salford mall
27 November 2009
Prime Commercial Properties is to sell its Salford City shopping centre.
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Terrace Hill sells Covent Garden office for £16m
27 November 2009
Terrace Hill has sold Kean House in London’s Covent Garden for £16m.
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New Look opens in west Dublin
26 November 2009
Fashion retailer New Look has opened a flagship store in WestEnd Shopping Park, west Dublin.
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IPD Conference: More than £900m of UK rent coming from high or maximum risk covenants
26 November 2009
More than £900m worth of UK commercial property annual rents are provided by tenants classified as having a ‘high’ or ‘maximum’ covenant risk, the IPD has said.
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Boggi Milano opens first outlet store
26 November 2009
Italian menswear brand Boggi Milano has opened its first outlet store in the UK.
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Everton stadium plans rejected by government
26 November 2009
Everton Football Club’s plans for a new stadium in Kirkby have been rejected by Communities and Local Government secretary John Denham.
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House of Fraser and British Land sell last property from joint venture
26 November 2009
BL Fraser, the 50/50 joint venture between British Land and House of Fraser, has sold its remaining property assets.
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Borders makes notice to appoint administrators
26 November 2009
Borders UK, the book chain, has made a notice of intention to appoint administrators. It is thought it has now gone into administration.
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Hamleys and H&M open in St Enoch
26 November 2009
Toy retailer Hamleys and fashion brand H&M will kick off the opening of the £100m extension at Ivanhoe Cambridge’s St. Enoch shopping centre today.
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Cushman & Wakefield: The Polish Mountains Hospitality Market
20 November 2009
“The Polish mountains region has considerable tourist potential. Unlocking it fully, however, is possible not only through extensive redevelopment and quality improvement to the existing hotel facilities, but most of all through substantial investment to transport and ski infrastructure. Modernization of the existing and construction of new ski stations equipped with artificial snow facilities will definitely extend the winter season, while the construction of road and airport infrastructure ...
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Ciref to change name after restructure
25 November 2009
Ciref, the AIM listed property investor that had joint ventures with developer Modus, has agreed a restructuring deal with Aviva Commercial Finance for its four shopping centres and has raised £36.8m of new equity.
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Eatonfield Group revs up for huge Cumbria regeneration scheme
25 November 2009
Cheshire-based developer Eatonfield Group has bought a 50% interest in an option to acquire a 265-acre site in Cumbria.
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Rushmere shopping centre gets record number of shoppers
24 November 2009
Rushmere Shopping Centre in Craigavon in Northern Ireland has received a record numbers of shoppers for 2009 with thirteen consecutive months of growth.
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Fast food outlets grow in the UK
24 November 2009
The numbers of fast food outlets in the top 10 UK cities have increased by 8.2% to 1,456 outlets over the last 12 months, according to research from the Local Data Company.
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Blacks Leisure CVA approved
23 November 2009
Blacks Leisure’s subsidiary, The Outdoor Group, has agreed a company voluntary agreement (CVA) with its creditors today.
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Elizabeth Taylor's debut theatre gets extension go-ahead
20 November 2009
The theatre where Elizabeth Taylor made her London stage debut has been given consent for an extension as a part of a package of benefits arising from the Victoria Transport Interchange scheme.
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381 more First Quench wine shops to close
20 November 2009
The joint administrators of First Quench, which trades as Threshers, Wine Rack, The Local, Haddows, Bottoms Up and Victoria Wine, this afternoon announced the closure of a further 381 stores.
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LaSalle Investment Management buys the Bexleyheath shopping centre
20 November 2009
LaSalle Investment Management has bought the Bexleyheath shopping centre in Kent from Capital & Regional’s and Aviva Investors’ Mall Fund.
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Brent Cross Cricklewood £4.5bn plans approved
20 November 2009
Outline plans for one of London’s largest ever proposed regeneration schemes at Brent Cross Cricklewood were approved last night by councillors at Barnet Council.
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Quintain wins planning for Brum hotel
19 November 2009
Quintain has secured planning permission for its Hotel La Tour development at City Park Gate in central Birmingham.
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Asda submits detailed proposal for Inverness
19 November 2009
Asda is preparing to submit a new detailed planning application for the development of its proposed Inverness store.
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MAPIC 2009: Shopping centre development opportunity emerges in Poland
19 November 2009
Shopping centre development opportunities in Poland are available as its pipeline and number of existing shopping centres remains low.
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MAPIC 2009: Retail markets face two more years of hardship, says King Sturge
19 November 2009
Despite any early signs of activity in European retail investment markets, the retail occupier market faces at least two more years of hardship, warned King Sturge today.
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Bluewater sees 8.1% October growth
19 November 2009
The Bluewater Shopping Centre in Kent saw an 8.1% increase in total sales in October compared with the same time last year.
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MAPIC 2009: Retail top choice in Germany
19 November 2009
The retail sector has dominated the property investment market in Germany this year representing around 35% of transactions according to Savills latest report.
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MAPIC TV: Retailers taking advantage in core market capital cites, says Cushman retail head
19 November 2009
Retailers have returned to capital cities in core Western markets in order to enter locations that were previously “unachievable, unattainable or unaffordable”, Cushman & Wakefield’s head of cross border retail has said.
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MAPIC TV: Retailers name Germany as top European hot spot for 2010
19 November 2009
Germany has emerged as the number one target destination for retailers looking to expand their international presence in the Europe, Middle East and Africa in 2010, according to new research from CB Richard Ellis.
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Former WG Mitchell hotel sold to Crimson
19 November 2009
Ernst & Young, administrator to 28 subsidiary companies of WG Mitchell, has sold the Park Inn London, Russell Square hotel to Crimson Hotels Group.
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MAPIC TV: Retailers will make "good money" this Christmas says DTZ
18 November 2009
Christmas this year will be ‘steady’ and will not feature the dramatic pre-Christmas retail discounting seen in 2008, DTZ’s Simon Williams said at MAPIC today.
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MAPIC 2009: Westfield's Bill Giouroukos speaks at MAPIC's UK stand
18 November 2009
Bill Giouroukos, director of operations at Westfield UK and Ireland, spoke at MAPIC’s UK stand today about its two London projects.
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MAPIC 2009: German retail investment received 75% Q3 boost, CBRE says
18 November 2009
Investment into German retail properties increased by 75% to €1.1bn in Q3 2009, according to research from Jones Lang LaSalle released at Mapic today.
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MAPIC 2009: Time to invest in the Netherlands, says Savills
18 November 2009
The Dutch economy’s improvement in GDP will spark a renewed interest from investors who wish to take advantage of price readjustments before a full recovery, according to Savills.
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MAPIC TV: Strong expansion campaigns to provide silver lining for European retail
18 November 2009
Strong expansion campaigns from international retailers such as Primark should provide some positive news for the European market in 2010, Cushman & Wakefield’s global head of retail John Strachan said today.
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MAPIC 2009: Top CEE countries will grow more quickly than Western Europe
18 November 2009
The five biggest countries in central and eastern Europe will grow at a higher rate than Western Europe, according to Jones Lang LaSalle’s report ‘CEE Retail in 3D’ released in MAPIC today.
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LandSecs takes control of TrinityLeeds
18 November 2009
Caddick Developments and Land Securities have restructured their joint venture partnership for the proposed TrinityLeeds scheme in Leeds city centre, giving Land Securities 100% ownership of the project with Caddick Developments maintaining a "long term interest in the project’s success."
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Shearer and UK Commercial Property Trust front runners to buy Shrewsbury malls
18 November 2009
Shearer Property Group and UK Commercial Property Trust (UKCPT) are front runners to buy three shopping centres in Shrewsbury for between £55m and £60m.
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Morrisons' Bolland poached by M&S
18 November 2009
Marc Bolland, the chief executive of supermarket chain Morrisons, has been appointed chief executive of Marks & Spencer.
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MAPIC 2009: Russia and the United Kingdom have highest shopping centre rents
18 November 2009
At €2,000/sq m a year, according to a report by Jones Lang LaSalle, Russia and the UK have the highest prime shopping centre rents in Europe.
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Kingston’s Rotunda sold for 7.5%
18 November 2009
Fund manager Managing Partners, through its British Property Opportunities Fund, has bought a stake in the Rotunda building, a leisure scheme in Kingston upon Thames, London.
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Hammerson poised to buy Silverburn
18 November 2009
Hammerson and its partner Canadian Pension Plan (CPP) are in pole position to buy the £300m Silverburn shopping centre near Glasgow.
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MAPIC 2009: Spanish retail development slashed in response to downturn
18 November 2009
The Spanish property market reacted quickly to the economic downturn by cutting retail development by 77%, Savills has said.
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MAPIC 2009: French development market sees 25% increase in small projects according to Savills
17 November 2009
The French retail market has seen a marked increase of around 25% in development projects below 1,000 sq m (10,764 sq ft) driven by demand from discounters such as Lidl and Leader Price, according to Savills.
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Margate's Dreamland wins funding to become the first vintage amusement park
17 November 2009
Dreamland in Margate has won a pledge from the government’s Sea Change fund to fund its redevelopment into the world’s first vintage amusement park.
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Flannels Group proposes CVA
17 November 2009
Upmarket fashion retailer The Flannels Group has drawn up a company voluntary arrangement proposal and appointed Bill Dawson and Daniel Butters of Deloitte as joint nominees.
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Asda turns down offer of new store in Telford
13 November 2009
Asda has turned down the offer of a new store in Telford from its current Telford Landlord, Hark.
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The Savoy signs jewellery chain Boodles
13 November 2009
The Savoy, the world famous luxury hotel in London, has signed up upmarket British jewellery chain Boodles as part of its £100m renovation of the hotel.
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Starbucks wakes up and smells coffee with new look
13 November 2009
Starbucks has unveiled a new look for its UK stores to improve sales as part of a global push to turn its fortunes around.
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Brasserie Blanc to open at Hammerson City scheme
13 November 2009
Hammerson has secured restaurant operator Brasserie Blanc at its 60 Threadneedle scheme in the City of London.
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Collyer joins Abercrombie
13 November 2009
Richard Collyer, director at NB Real Estate, has joined his client Abercrombie & Fitch as senior director of real estate for the US-based fashion retailer.
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Axa checks into Soho
13 November 2009
Derelict site off Shaftesbury Avenue bought for £27m to create 100-bed boutique hotel
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Silverburn bids top £290m in bumper week for malls
13 November 2009
Investors line up to take advantage of bottom-of-the-market deals in Scotland and Shrewsbury
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PW TV: Celebs and fashionistas launch our First into Fashion winners' shop
12 November 2009
Julia Smith and Joanne Stoker, the winners of the First into Fashion compeition, launched their new shop in Connaught Village last week.
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Tesco sets up Chinese shopping malls JV
12 November 2009
Tesco has set up the first of a series of joint ventures that will develop shopping malls in China.
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BAA unveils revamped Terminal 4
12 November 2009
Fashion and home label Cath Kidston and celebrity shoe designer Jimmy Choo have opened their first airport store in Heathrow’s Terminal 4.
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Cap & Reg and GE to sell Manchester arena
12 November 2009
Capital & Regional and GE Real Estate have brought the Manchester Evening News arena to the market.
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Debenhams buys Danish department store chain
12 November 2009
Debenhams has bought Magasin, a leading department store chain in Denmark for £12.3m.
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James Bond’s City of London Fort Knox hotel sold
12 November 2009
A private investor has bought the Midland Bank headquarters in the City of London for around £40m.
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London rents set to jump 10-15% next year according to Drivers Jonas
12 November 2009
A lack of new development in London will lead to a jump in prime rents next year according to the latest London Crane Survey from Drivers Jonas.
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Old Trafford redevelopment plans are in to bat with the council
12 November 2009
Lancashire County Cricket Club and its partners have submitted a planning application to Trafford Council for the redevelopment of Old Trafford cricket ground and nearby area in a bid to regenerate the surrounding area and to win back hosting the Ashes in 2013.
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Frogmore to develop boutique hotel in London
11 November 2009
Frogmore has unveiled plans to develop a luxury 80-room hotel at South Place near Broadgate in London.
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York Civic Trust finds redevelopment plans for former Terry’s Chocolate Factory tasty
11 November 2009
York Civic Trust has given its support to Grantside's proposed £150m redevelopment of the former Terry's Chocolate factory site in York.
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Aviva Investors pulls Kingston shopping centre sale
10 November 2009
Aviva Investors has pulled the sale of a 50% stake in the Bentall Centre in Kingston, London to Meyer Bergman Retail Partners.
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PW TV: Sir Alex Ferguson on property and United
10 November 2009
Sir Alex Ferguson, manager of Manchester United, stopped to chat with Property Week today about his views on the property market and and the progress of his football team.
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BCSC 2009: Portillo downbeat on recovery
10 November 2009
The former Conservative cabinet minister turned television personality, Michael Portillo, painted a gloomy picture of the economy in the coming year in his speech at the British Council of Shopping Centres conference in Manchester today.
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BCSC 2009: Alworths signs at former Woolworths in Evesham
10 November 2009
Alworths - the new general store chain which is run by former Woolworths head of store and concessions development, Andy Latham - has signed up in Evesham as part of a wider roll out.
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Peter de Soisson, Reed Midem, on MAPIC 09 (video)
10 November 2009
Peter de Soisson, Reed Midem, talking about the 15th anniversary MAPIC which kicks off in Cannes next week.
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BCSC Blog: Giles admits grudging admiration for two of the rocks on which Man United is built
10 November 2009
I have little time for Manchester United – its boatloads of debt are a poor example to football and like most fans I am intensely jealous of their success.
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BCSC 2009: Collins calls for new public-private model
10 November 2009
BCSC President Jeremy Collins this morning called for a new model for development to help get the shopping centre market moving again.
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BCSC 2009: Report reveals commercialisation key in shopping centre management
10 November 2009
The retail property organisation BCSC unveil a report last night showing commercialisation is key in shopping centre management.
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Adrian Gardiner buys boutique luxury hotel in Belgravia
10 November 2009
Finisterre Holdings has sold the leasehold interest of the five-star Lord Milner Hotel, in Central London, to Adrian Gardiner, owner of the Mantis Group.
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Christmas deadlines mean stand off between landlords and retailers subsides
9 November 2009
The ongoing stand off between landlords and retailers has eased as the number of leasing deals has increased in the run up to Christmas, according to Savills.
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Birmingham’s Mailbox signs two new businesses
9 November 2009
Two new businesses have signed up to open at Birmingham’s Mailbox.
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Arcadia double at Chelmsford
9 November 2009
Two of Arcadia’s most successful brands, Topshop/Topman and Miss Selfridge, have signed up at Chelmsford’s leading shopping centre, LaSalle Investment Management said today
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Remote control car event to launch a children’s cartoon into UK shopping centres
9 November 2009
Four UK shopping centres will host a remote control car event to launch new children’s cartoon Flash & Dash in UK.
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500 retailers sign up for cyberspace
Retail and leisure supplement November 2009
A new virtual shopping mall is providing 500 retailers with an outlet on which to display and sell goods
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Andy Emmerson
Retail and leisure supplement November 2009
How heavyweight tenants can grab a pizza the action
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Behind the headlines: November 2009
Retail and leisure supplement November 2009
To lure — and keep — tenants without slashing “headline” rents, landlords are deploying a range of tactics
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Bluewater beats London retail ranking
Retail and leisure supplement November 2009
New retail risk ranking places capital behind regional centres such as Bluewater
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CB Richard Ellis UK Monthly Market Index
06 November 2009
CB Richard Ellis's monthly market index looks at the change in returns for office, industrial and retail property, and this mark shows a positive change in returns across all property of 2.7%.
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Christmas tough for retailers says KPMG
6 November 2009
Christmas could signal the end for some retailers as a squeeze on cash means they cannot fulfil orders, KPMG said today.
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Clothes maketh the man
Retail and leisure supplement November 2009
Harold Tillman, owner of Jaeger, Allders and now Aquascutum, reveals to Erik Brown his plans for the quintessential British brands
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CoStar Investment Bulletin Q3 2009
06 November 2009
"Investment activity is gathering pace as investors look to enter the market at the lowest point in the cycle. Deal volumes are now rising and a total of £6.1bn was sold in Q3 2009."
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Guy Grainger
Retail and leisure supplement November 2009
Think like a retailer and spot incoming trends
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John Milligan
Retail and leisure supplement November 2009
Buying a secondary shopping centre would be a huge mistake
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Leader: November 2009
Retail and leisure supplement November 2009
Anational newspaper journalist phoned a magazine reporter in Cardiff, who was covering the opening of the St David’s shopping centre extension, to ask whether there were any brass bands playing
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New Victoria values tenants close to home
Retail and leisure supplement November 2009
Delamere Estates is filling the Victoria, Southend-on-Sea’s refurbished shopping centre, with local tenants, after a £24m revamp
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Shoppers At Home with new John Lewis format
Retail and leisure supplement November 2009
The grey clouds on the south coast did not stop shoppers from queuing outside John Lewis’s first At Home store when the retailer launched the format at Land Securities’ Poole Retail Park last month
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Stephen Kane
Retail and leisure supplement November 2009
UK remains a land of retail opportunity
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SuperGroup to Breed 20 stores in 2010
Retail and leisure supplement November 2009
Fashion retailer aims to build on the opening of its biggest UK store
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The edge of reason
Retail and leisure supplement November 2009
Supermarket developers could face even more out-of-town planning hurdles with a competition test
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The halo effect
Retail and leisure supplement November 2009
Lester Hampson, head of retail development at Land Securities, celebrated “the highlight of his career” last month: the opening of St David’s 2 in Cardiff
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The leisure principals
Retail and leisure supplement November 2009
A year after Trevor Shelley’s sudden death, his partners at leisure agency Shelley Sandzer tell Christine Eade how they have managed to plough on
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KPMG to close 373 stores from the First Quench business
5 November 2009
Administrator to First Quench Retailing, KPMG, has announced the closure of 373 stores.
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Retail debuts at Lord Mayor's show
5 November 2009
Retail will make its debut in this year’s Lord Mayor’s show.
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Beatrix Ong and YourEyesLie sign in Newburgh Quarter
5 November 2009
Beatrix Ong, the footwear designer backed by retail entrepreneur Harold Tillman, is to open a standalone store this week in Shaftesbury’s Newburgh Quarter in London’s West End.
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Two day meeting to decide £4.5bn Brent Cross Cricklewood plans
5 November 2009
The Brent Cross Cricklewood planning application will be determined at a two-day meeting later this month, Barnet Council said today.
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Peacock signs in Bury
3 November 2009
Fashion chain Peacocks has signed at The Rock retail scheme in Bury.
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Blacks Leisure announces drastic restructuring plan
3 November 2009
Blacks Leisure, the outdoor clothing retailer, has revealed plans for a company voluntary arrangement (CVA) for its subsidiary The Outdoor Group, a debt for equity swap with its bank and the administration of Blacks Outdoor Leisure Limited.
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Chef Koffmann looks for new restaurant site
3 November 2009
French chef Pierre Koffmann is set to open a new restaurant in London in London’s West End.
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Marmite pops up on Regent Street
2 November 2009
A Marmite pop up shop will open tomorrow at 82 Regent Street in London.
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New Covent Garden Market plans revealed
2 November 2009
The owner of the New Covent Garden food and flower market in south London has unveiled plans for the redevelopment of its 57 acre market
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M&S gets green light for second largest store in UK
2 November 2009
Marks & Spencer has got the go-ahead for a £60m store in the north-west, its largest investment outside London in the past decade.
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Brighthouse store opens in Southport
30 October 2009
A retail unit in Southport town centre has been taken by Caversham Trading, and will trade at Brighthouse.
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Superdry to open two UK outlet stores
30 October 2009
Superdry is to open at Swindon Designer Outlet this December followed by a store at Cheshire Oaks Designer Outlet in early 2010.
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Carlyle lets 3,000 sq m of retail space in Paris
30 October 2009
Private equity firm The Carlyle Group has signed four leases for a total of 3,000 sq m of retail space in its 29/37 Rue du Bac office and retail development in the VII arrondissement in Paris, France.
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Liverpool library developer chosen
30 October 2009
Inspire Partnership has been chosen by Liverpool City Council to develop the £50m Liverpool Central Library and Archive.
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Threshers owner in administration
30 October 2009
First Quench, the owner of the Threshers and Wine Rack chains, went into administration yesterday.
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Coffee shops are go
30 October 2009
Research from the Local Data Company shows the number of coffee shops in the UK are growing faster than ever before - with the rate of increase doubling over the last two years from 3% to nearly 7%.
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Northern Ireland’s Sprucefield development knocked back again
30 October 2009
Plans for a major extension to Westfield and Snodden’s Sprucefield shopping centre have been hit again after the Northern Irish Planning Appeals Commission shelved the planning inquiry.
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Jones Bootmaker hires Kitchen La Frenais Morgan as property department
30 October 2009
Jones Bootmaker is outsourcing its entire property function to retail agent Kitchen La Frenais Morgan.
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Seven more sign at Hammerson's Union Square Aberdeen
30 October 2009
Hammerson has signed up seven new retailers at Union Square in Aberdeen – the retail scheme that opened yesterday.
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Paddy Power takes a punt in Glasgow
29 October 2009
Paddy Power has taken a lease for a new shop at 109 Union Street, Glasgow.
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White River Place opens today
29 October 2009
White River Place, Cornwall’s newest town centre development has opened today.
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AREA Property Partners, Shepherd Construction and Sovereign Land rescue Trinity Walk in Wakefield
29 October 2009
The delayed Trinity Walk retail scheme in Wakefield is back on track following the exchanging of contracts with a newly formed joint venture - AREA Property Partners, Shepherd Construction and Sovereign Land.
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Hammerson's Union Square shopping scheme opens today
29 October 2009
Today Hammerson is unveiling its Aberdeen shopping scheme with a series of flash mob dancers, pipe bands and a lantern parade.
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O’Neill takes four Sandcity stores
28 October 2009
O’Neill, the boardwear brand, has taken over four former Sandcity stores. Sandcity Limited, the boardwear subsidiary of Blacks Leisure Group, went into administration earlier this month.
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Retail sales in property funds double in September
28 October 2009
Property funds saw net retail sales more than double in September according to the latest figures from the Investment Management Association (IMA).
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Pets At Home signs in Bury St Edmunds
28 October 2009
A former Allied Carpets store on St Edmundsbury Retail Park in Bury St Edmunds has been let by Standard Life Investments to Pets At Home.
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Le Labo to debut in Marylebone Village
28 October 2009
The UK’s first stand alone Le Labo store is due to open in Marylebone Village.
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Holiday Inn to open at MediaCity
28 October 2009
Peel Leisure has signed up Intercontinental Hotels Group to open a new Holiday Inn hotel at MediaCityUK in Manchester.
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Tiger’s £250m Edinburgh plans rejected by Scottish ministers
28 October 2009
Tiger Developments’ plans for a £250m scheme in Edinburgh’s Haymarket area have been thrown out following a public inquiry.
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Kent hotel scheme to get revamp
28 October 2009
Shepway District Council has approved planning permission for a £12m redevelopment and extension of the Hythe Imperial Hotel in Kent.
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Hollister signs in Aberdeen
28 October 2009
Hollister, a sister brand of Abercrombie & Fitch, is to open its first Scottish store at Union Square, which opens to the public tomorrow.
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Threshers owner looks at options for survival
28 October 2009
First Quench, the owner of the Threshers and Wine Rack off-licence chain, is working with advisor KPMG to rescue the business.
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Renaissance for New Covent Garden Market
27 October 2009
Next week the Covent Garden Market Authority will unveil dramatic plans for the redevelopment of the 57 acre New Covent Garden Market site at Nine Elms on the south bank of the Thames.
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Intercontinental Hotel to open in Westminster
27 October 2009
Intercontinental Hotels Group (IHG) has signed a 20-year management contract with Splendid Hotel Group to open and operate a new hotel in Westminster, London.
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PW TV Retail: Guy Grainger on new retailers, shopping centres and the run up to Christmas
27 October 2009
Guy Grainger, head of retail at Jones Lang LaSalle, reports from London's Oxford Street on the state of the UK retail market.
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Carlyle and Abstract Nikal submit Salford plans
27 October 2009
Carlyle Group and joint venture partner Abstract Nikal have submitted a planning application for a site in Salford which includes the £25m regeneration of Soapworks, the former Colgate factory.
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PW TV: How can CVAs, prepacks and turnover rents work for you?
27 October 2009
Hear from three top legal minds at law firm Lovells on prepack administrations, company voluntary arrangments and turnover rents.
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Dreams signs five store deal with British Land
27 October 2009
Dreams, the bed retailer, has signed a multi-property deal with British Land.
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Decathlon submits plans for west Midlands store
27 October 2009
Sports retailer Decathlon, advised by Indigo Planning, has submitted a planning application for a 51,871 sq ft store on Axletree Way in Wednesbury in the West Midlands next to Junction 9 retail park.
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Spurs score wtih stadium plans
27 October 2009
Tottenham Hotspur has today submitted to Haringey Council the planning application for the redevelopment of its White Hart Lane ground.
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Land Securities sells £48m Welwyn Garden City shopping centre
26 October 2009
Land Securities has exchanged contracts with LaSalle Investment Management to sell the long leasehold interest in The Howard Centre, Welwyn Garden City, Hertfordshire for around £48m.
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Terrace Hill seals £27.6m Sainsbury forward-funding deal with Aviva
26 October 2009
Terrace Hill has completed a forward funding agreement with Aviva Investors Pensions for the development and sale of a Sainsbury store in County Durham.
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Two luxury brands sign up in Edinburgh
23 October 2009
LaSalle Investment Management has let two shops on Edinburgh’s premier shopping street, Multrees Walk.
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Ability Group signs in Luton
23 October 2009
Andreas Panayiatou’s Ability Group has signed up Hilton and is to develop a 250-bedroom hotel on a site next to London Luton Airport. The hotel will trade as a Hilton Garden Inn.
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PWC brings unfinished Marconi hotel to the market
22 October 2009
PricewaterhouseCoopers has brought an unfinished luxury hotel development on the site of the former Marconi building at the Strand to the market.
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St David's shopping centre extension opens today
22 October 2009
St David's shopping centre in Cardiff has opened this morning.
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Regent Inns completes pre-pack administration
22 October 2009
Regent Inns, the operator of the Walkabout bar and Jongleurs comedy club chains, has completed a pre-pack administration.
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Jaeger signs at Liverpool One
22 October 2009
Jaeger, the British fashion brand, is to open a 2,500 sq ft store in Peter’s Lane, Liverpool One’s fashion and accessories district.
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Net-a-Porter to move HQ to Westfield London
22 October 2009
Online fashion company Net-a-Porter has signed up to move its head quarters to Westfield London.
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Edinburgh Missoni Hotel for sale
21 October 2009
The Missoni Hotel in Edinburgh is up for sale for around £37m.
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Piccadilly property up for sale
21 October 2009
90-100 Piccadilly in London has been put up for sale.
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Panasonic switches on at Silverburn
21 October 2009
A new Panasonic store is to open in at Retail Property Holdings’ Silverburn shopping centre in Pollok, Glasgow.
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Carpetright moves for Centaurus Retail Park
19 October 2009
Carpetright has taken 10,000 sq ft at Centaurus Retail Park, Cribbs Causeway, Bristol.
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Banana Republic signs at Brent Cross
19 October 2009
Gap’s Banana Republic has signed up at Brent Cross shopping centre in north London for its second UK store.
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Pederson onsite hotel to take off at Bristol International Airport
19 October 2009
Bristol International Airport (BIA) has signed an agreement with Pedersen Airport Hotels to develop the airport’s first on-site hotel.
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Morrisons signs up for store in Harrow
19 October 2009
Transport for London (TfL), Parkridge and Morrisons have teamed up to create a mixed-use scheme in Harrow.
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Westfield London signs 15 new retailers
16 October 2009
Westfield London has signed up 15 new retailers and achieved 20 million visitors since it opened last October.
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Cult signs up in Dublin
16 October 2009
Fashion retailer Supergroup Holdings, which owns brands Cult and Superdry, has signed up for a 13,089 sq ft flagship store on Dublin’s Suffolk Street.
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Francis Hilary and Ben Sherman join Covent Garden
16 October 2009
Covent Garden London, owned by Liberty International, has signed up two new retailers for the area as part of its quest to improve the overall retail and leisure experience.
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County Square signs four more
16 October 2009
County Square shopping centre in Ashford, part of the ING Retail Property Fund Britannica, managed by ING Real Estate Investment Management has signed four tenants - Kids Stuff, Watches ‘R’ Us, Silverleaf Jewellery and a newsagent - at the Debenhams anchored scheme.
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CB Richard Ellis's Monthly Market Index: October 2009
16 October 2009
CB Richard Ellis's monthly market index looking at total returns and change in returns across offices, retail and industrial property.
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Colliers CRE: Specialist Property Snapshot - September 2009
16 October 2009
"Service sector PMI data suggests that Q3 09 may return positive quarterly GDP growth of around 0.3% to 0.5%. Sustainability of a recovery remains the key question, and is linked to concerns about continued business finance constraints, and increasingly the impact of deteriorating public finance."
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Colliers Hotel Snapshot:Half year to 30 June 2009
16 October 2009
"It was predicted at the beginning of the year that there would be an increase in the number of domestic holidays during 2009. This prediction is being borne out from the feedback we are getting from our customer base."
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One New Change topped out
15 October 2009
Land Securities this week celebrated the topping out of its 560,000 sq ft One New Change scheme.
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Kütchenhaus moves into Sutton Coldfield
15 October 2009
Standard Life Assurance Company has let a store at its Princess Alice Retail Park in Sutton Coldfield to German kitchen retailer Kütchenhaus.
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McAleer & Rushe tops out W London hotel
15 October 2009
McAleer & Rushe has topped out its W London hotel in Leicester Square.
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PW TV: First into Fashion - The Winners
15 October 2009
Hear from Julia Smith and Joanne Stoker, the winners of Property Week's and the Church Commissioners' First into Fashion competition.
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Retail trio resign from British Land
13 October 2009
Andrew Jones and his retail colleagues at British Land, Valentine Beresford and Mark Stirling, resigned today to set up a new venture.
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Exemplar financial officer joins NewRiver Retail Capital
13 October 2009
NewRiver Retail, the AIM listed retail property investment and asset management company, has appointed Mark Davies as finance director to the board of NewRiver Capital Limited.
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Mountain Warehouse conquers Glasgow
12 October 2009
Mountain Warehouse has acquired two new stores in Glasgow.
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Hobbs signs in Dorchester
12 October 2009
Hobbs, the ladies clothing and accessories retailer, has signed up to pre-let a 3,140 sq ft double shop unit at Brewery Square in Dorchester.
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New retailers at Cardiff's St David's
9 October 2009
Fourteen new retailers have signed up for shops at St David’s 2 in Cardiff, which opens on 22 October.
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Former Sainsbury’s director Baguley joins JLL
9 October 2009
Jones Lang LaSalle has appointed former Sainsbury’s and Boots property director Peter Baguley to lead a new initiative which will provide corporate real estate advice to retailers.
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Quintain and Lend Lease sell 999 year lease of Millenium Dome
9 October 2009
Quintain and joint venture partner Lend Lease Europe have sold the 999 year of the Millennium Dome for £24m to Trinity College, Cambridge.
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LXB confirms plans to float
9 October 2009
As revealed yesterday by PropertyWeek.com, LXB, run by Tim Walton, is planning to float on AIM.
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Paul Smith opens in Marylebone High Street and lets office in Savile Row
9 October 2009
Sir Paul Smith, the British designer, has opened a second accessories and shoe store in London.
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LxB plans retail property IPO
8 October 2009
LxB, the retail property company run by Tim Walton, is planning to float.
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British Land retail trio to set up new company
8 October 2009
Three of British Land’s top retail property people are leaving to set up their own company.
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Smaller supermarkets aid grocery sector growth
8 October 2009
The move into smaller-format supermarkets has allowed the grocery sector to grow in the face of recession.
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Land Securities gets nod for ice rink on Oxford Street
7 October 2009
Land Securities has got the go-ahead to house a variety of public events including an ice rink on its Park House site, opposite Selfridges department store on Oxford Street in London, until it restarts redevelopment.
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Government unveils final details of Carbon Reduction Commitment
7 October 2009
The government has revealed the final rules for the emission trading scheme that will hit 5,000 UK businesses on 1 April 2010.
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Frogmore and LandSecs get go ahead for Oxford Street scheme
5 October 2009
Frogmore and Land Securities have won planning permission for a retail redevelopment at the east end of London’s Oxford Street.
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CBRE appointed on Bluewater
2 October 2009
Lend Lease has appointed CB Richard Ellis as joint leasing agent for Bluewater shopping centre in Kent. CBRE will work with existing agency DTZ.
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Travelodge green light at Covent Garden
2 October 2009
Travelodge has received planning permission for a 249-room extension to its Covent Garden hotel in Drury Lane.
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USS buys in Solihull
2 October 2009
Universities Superannuation Scheme (USS) has bought a high street block in Solihull town centre for £11.45m.
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LaSalle in talks to buy Bexleyheath shopping centre from Mall fund
2 October 2009
LaSalle Investment Management is in talks to buy the Mall Fund’s Bexleyheath shopping centre in Kent.
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Aurora Fashions makes board changes
2 October 2009
Aurora Fashions, the group that owns high street fashion brands Karen Millen, Coast, Warehouse and Oasis, has announced board changes and has updated the market on its sales targets.
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Multi and Aviva sign three more in Bath
2 October 2009
Multi Development and Aviva Investors have signed up another three retailers, following six that signed last week, at its Southgate scheme in Bath.
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Retail vacancies in London’s West End are lower than anywhere else in the UK
2 October 2009
Retailer vacancies in London’s West End are lower than the rest of central London and the UK, according to the latest research from business improvement district group - New West End Company.
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Farm Foods appoints Savills in Dublin
1 October 2009
Frozen Food retailer Farm Foods has appointed Savills as its agents in Dublin. Savills will work to acquire new stores and development sites for the retailer which is on an expansion drive.
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100 Wine Cellar stores sold in pre-pack
1 October 2009
Wine Cellar, the operator of 170 off licences across the UK, has had the majority of its stores sold in a pre-pack administration.
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Two more join CBRE's retail team
1 October 2009
CB Richard Ellis has made two apppointments in its retail team.
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Blacks Leisure to close 89 loss-making stores
30 September 2009
Blacks Leisure, the outdoor clothing and boardwear fashion retailer, has announced a restructuring programme and plans to close 89 loss making stores.
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Retail conditions stabilising says latest report
29 September 2009
The retail sector is seeing conditions stabilising, according to the latest report from CBI.
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John Lewis records 12,000 transactions on opening day
28 September 2009
Thousands of eager shoppers queued outside the new John Lewis store in Cardiff that opened last week.
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Travelodge and Marston's agree development joint venture plan
28 September 2009
Hotel operator Travelodge and pub operator Marston’s have set up a joint venture to take space side by side.
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B&Q sells Staples in Epsom
28 September 2009
B&Q Properties has sold a freehold retail warehouse investment at 31/37 East Street, Epsom to private clients of Miles Commercial for £3.75m.
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Regent Street celebrates birthday
28 September 2009
Regent Street yesterday celebrated 10 years of shopping with a traffic free festival.
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Royal London Exempt Property Unit Trust buys supermarket leasehold
25 September 2009
Royal London Exempt Property Unit Trust (RLEPUT) has bought the long leasehold of the supermarket element of a mixed-use development at Coombe Lane, Raynes Park.
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Scottish Widows buys Hermiston Gait retail park
25 September 2009
Scottish Widows Investment Partnership has completed its purchase of Invista’s Hermiston Gait retail park for £66m as first revealed by Property Week in August.
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New Asda store planned for North Belfast
25 September 2009
ASDA said today it plans to convert the old Dunnes store on the Crumlin Road, North Belfast, into a new ASDA store.
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Standard Life delay Newbury scheme
24 September 2009
Standard Life Investments have delayed their Newbury retail scheme for six months.
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Waitrose steps up convenience store expansion plan
24 September 2009
Waitrose, the supermarket chain, has announced its plan to step up its growth into the convenience market.
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GPE buys £46m City office
24 September 2009
Great Portland Estates has exchanged contracts to buy 90 Queen Street in the City of London for £45.8m.
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Land Securities brings New Street Square close to fully let
24 September 2009
Land Securities has completed 6,000 sq ft of new lettings, at rents of up to £45/sq ft, taking the retail element of its New Street Square scheme in London close to fully let.
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Land Securities completes sale of Chester retail park
24 September 2009
Land Securities has sold its Chester retail park for £44.5m to a private investor.
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Blacks puts Sandcity into administration
23 September 2009
Blacks Leisure, the sports and outdoor clothing retailer, has placed its Sandcity division in administration following a breach of its banking covenants.
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Hammerson gets consent for first phase of £600m Sheffield Sevenstone plan
23 September 2009
Hammerson has won detailed planning consent for the first phase of a £600m retail quarter in Sheffield city centre.
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Prime rents fall in more than 50% of retail streets globally
22 September 2009
Prime rents in over half of the world’s most prestigious shopping streets have fallen in the last twelve months as consumer spending and retail sales remain depressed, Cushman & Wakefield has said.
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Firmdale buys Soho’s Ham Yard
21 September 2009
Boutique hotel chain Firmdale, owned by Tim Kemp and his wife Kit, has bought a rare development site in London’s Soho.
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Silver Fern plans Edinburgh hotels
21 September 2009
Warwickshire-based private developer Silver Fern Group has submitted a planning application to develop two hotels at the site of the former council offices at Shrubhill on Leith Walk, Edinburgh.
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Henderson appointed to manage Future Fund’s 33% Bullring stake
21 September 2009
Henderson Global Investors has been appointed by the Australian Government Future Fund to manage its initial UK property investment – a 33% stake in the Bullring shopping centre in Birmingham.
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PW TV: Fashion graduates compete to be mentored by Jimmy Choo
21 September 2009
Four graduates from the London College of Fashion have entered a competition to win a shop in London's Connaught Village rent, service charge and rates free for six months.
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Watch retailer signs in New Bond Street
21 September 2009
Watch retailer Kronometry has taken a 2,200 sq ft shop at 106 New Bond Street in its UK debut.
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Primark to open at the Rock in Bury
21 September 2009
Primark will open a 50,000 sq ft store at Thornfield’s 1.6m sq ft mixed-use scheme, The Rock.
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Land Securities sells 33% stake in Bullring for more than £200m
18 September 2009
Land Securities has sold its 33% stake in the Bullring shopping centre in Birmingham to Australia’s Future Fund for more than £200m, reflecting a yield of around 7%.
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Biggest Topshop in Europe outside London opens in Liverpool
18 September 2009
TopShop has today opened its 65,000 sq ft Liverpool One store, its largest in the UK bar its Oxford Circus store.
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McCabe enters food fray
18 September 2009
Kevin McCabe is setting up a company to develop food store schemes
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Orchard Street signs up five at Gretna
17 September 2009
Orchard Street Investment has today signed up five retailers at its Gretna Gateway outlet centre.
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Luxury London hotel sold for £77.5m
17 September 2009
Daniel Thwaites, the Lancashire brewer, has sold the Stafford Hotel in London to an Egyptian hospitality company for £77.5m.
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LPA receiver appointed to Halton Lea shopping centre
17 September 2009
Savills has been appointed as LPA receiver to Halton Lea shopping centre in Runcorn.
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CBRE picked as new agent for One New Change
16 September 2009
Land Securities has appointed CB Richard Ellis to join Knight Frank on the leasing team for its One New Change scheme close ot St Paul's.
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CBRE investment agent to join NewRiver Retail
16 September 2009
NewRiver Retail, the newly-formed property investor and asset manager, has recruited CB Richard Ellis retail investment agent Nick Sewell.
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New designers get pop up space on New Quebec Street
16 September 2009
Designers Hannah Marshall and Jean-Pierre Braganza have opened pop up boutiques on The Portman Estate’s New Quebec Street, within the area known as Portman Village.
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Tesco to complete £559m property securitisation
15 September 2009
Tesco is to complete its second property securitisation this week.
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Leek Woolworths let
15 September 2009
Swansea Jewellers, the owners of the former Woolworths store in Leek, Staffordshire have relet the shop to Yorkshire Trading Company.
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Howards Storage World takes first UK store in Livingston
15 September 2009
Australian retailer Howards Storage World has signed up to open its first UK store at Land Securities’ The Centre in Livingston, Scotland.
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German fund manager buys prime Dublin retail asset
15 September 2009
Deka Immobilien has bought a prime retail unit on Grafton Street in Dublin for its debut purchase for a specialist Irish fund.
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Premier Inn signs up for London airport hotels
14 September 2009
Premier Inn has teamed up with Surinder Arora to open four hotels in London.
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West End and City to share Christmas lights theme and switch on day
14 September 2009
Regent Street, Oxford Street and the City of London are for the first time ever going to share the same theme and switch-on day for the famous Christmas lights event.
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Hercules submits new proposal for bondholders
11 September 2009
Hercules has gone back to its unit holders with a new proposal to repay some of its debt.
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Silverburn shopping centre up for sale
11 September 2009
Silverburn shopping centre has been put up for sale following a review by Deloitte, instigated by lender Bank of Scotland.
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Shopping centre development in Europe is set be at its lowest level in five years in 2010 and 2011.
11 September 2009
Cushman & Wakefield predicts that 2010 will see only 7m sq m of new space open while 2011 will see 5m sq m to open across Europe, the lowest figure since 2003.
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Bryan Robson teams up with GVA Grimley
11 September 2009
As World Cup fever grips England, GVA Grimley has teamed up with ex-England and Manchester United football legend Bryan Robson and his sports development company Robson Lloyd Consultancy, to form GVA Robson Lloyd.
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‘Loan to own’ gets Nailsea centre
11 September 2009
Australian and UK property company Stockland is beginning its exit from the UK with the sale of its Crown Glass Shopping Centre in Nailsea, Somerset, to Development Securities and Ellandi
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Ahouvi bags British Land’s Debenhams
11 September 2009
Israeli investor has £1bn to spend and buys six stores for £65m
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Delancey takes starring role in £100m cinema buy
11 September 2009
Investor could buy 16 outlets after usurping bidders with property-only offer
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Landlords left in lurch by De Keyser company seeking administration
11 September 2009
Rapidly expanding retailer took fit-out contributions before closing down stores
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Savills Commercial Development Activity Update: September 2009
10 September 2009
'August data pointed to a rebound in commercial development, as highlighted by the first month-on-month rise in activity since October 2007.'
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Poundworld signs in Wrexham
9 September 2009
LaSalle Investment Management has agreed a 10 year lease with Poundworld for a 5,300 sq ft store at Eagles Meadow shopping centre in Wrexham. The rent was undisclosed.
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Mall Fund seeks £150m debt buy back
9 September 2009
The Mall Fund is seeking to buy back £150m of its £1.2bn securitised debt which is secured against 21 assets held in the Fund.
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JLL launches Brum leisure and hotels team
7 September 2009
Jones Lang LaSalle has launched a new licensed leisure and hotels team in Birmingham.
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LK Bennett, Karen Millen, Oasis, Warehouse and Coast to open in Cardiff
4 September 2009
A raft of womenswear retailers have signed up for Cardiff’s St David’s 2 shopping centre.
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Asda plans west Bradford store
4 September 2009
Asda is planning a 38,000 sq ft store at a former MFI unit on Bradbeck Road, off Cemetary Road in west Bradford.
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Shrewsbury shopping centre put on market by special servicer
4 September 2009
A shopping centre managed by Protego has been put on the market by the special servicer of the debt secured on the asset.
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Booths signs up at Manchester’s MediaCityUK
4 September 2009
Family-run supermarket chain Booths has signed up to open its first store in Greater Manchester at MediaCityUK.
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Traffic People stops in Bath and on London’s King’s Road
04 September 2009
Fashion boutique Traffic People has signed up for two stores
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Marks & Spencer to open at Clacton factory outlet
3 September 2009
Marks & Spencer has signed up for an outlet store at Rob Whitton’s and Daren Burney’s ROM Capital Group’s Clacton Factory Outlet.
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Pound stores grow by 60%
3 September 2009
The number of discount retailers has increased by 60% during the last two years according to new research by the Local Data Company backed by the British Property Federation (BPF).
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Wilkinson and Currys take former Woolworths stores
2 September 2009
ING Real Estate Investment Management has let two former Woolworths stores to Wilkinson and Currys.
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Triangle to attract independent retailers
2 September 2009
Manchester’s Triangle shopping centre, owned by Aviva Investors, has unveiled a leasing package to attract independent retailers.
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Covent Garden launches permanent food market
1 September 2009
Capital & Counties, owner of Covent Garden market and the piazza, has secured food market Covent Garden Real Food Market as a weekly event throughout the year from springtime through to Christmas.
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Bestseller brings Pieces brand to the UK
1 September 2009
Danish retail chain Bestseller has signed up for its first UK store for its accessories and jewellery arm Pieces.
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Lockhart's NewRiver Retail lists on AIM
1 September 2009
NewRiver Retail, David Lockhart’s newly formed investment and asset management company, has successfully raised £25m and listed on AIM today.
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60% of former Woolworths stores now let
1 September 2009
Close to 60% of former Woolworths stores have been let to other retailers according to a report by CB Richard Ellis.
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Wiltshire Council approves new Asda store
28 August 2009
Wiltshire Council has granted planning permission to ASDA to open a new store on Bradford Road in Melksham.
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Westfield reports first half loss of A$708m
26 August 2009
Westfield Group, the world's largest owner of shopping centres, posted a first half net loss of A$708m (£363m) after suffering an A$2.47bn (£1.3bn) decline in the value of its property portfolio.
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Government’s £3m to revitalise town centres not enough, says Cluttons
25 August 2009
The government’s £3m fund to help the towns blighted by empty shops in the recession is not enough when retailers are being hit by so many other taxes, according to Cluttons.
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Europe’s largest shoe seller steps into Livingston
24 August 2009
Deichmann Shoes, Europe’s largest footwear retailer, is to open a new store at Land Securities’ The Centre in Livingston, Scotland.
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Landlords to back Focus DIY's CVA plan
24 August 2009
Landlords are set to back Focus DIY’s company voluntary agreement (CVA) today, saving 5,000 jobs and preventing the chain from going under.
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Aviva underwhelmed by Liffey Valley bidders
21 August 2009
Aviva Investors will remarket its Liffey Valley shopping centre near Dublin, which it owns with Grosvenor, for a second time
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George Davies’s Bluewater debut
21 August 2009
Bluewater shopping centre in Kent is to be the debut venue for George Davies’s new GIVe retail concept
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Retail park popularity prevails with investors
21 August 2009
Investors demonstrated a continuing appetite for retail parks this week
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Ex-DTZ agents poach from Thomas Davidson & Partners
20 August 2009
An equity partner at West End-based retail specialist Thomas Davidson & Partners has left to join a new firm set up by former DTZ employees.
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Cap & Reg plans £69.2m equity raising
20 August 2009
Capital & Regional is planning to raise £69.2m through a placing of shares, the company announced this morning.
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Hercules in position to buy again
20 August 2009
Hercules Unit Trust, the retail park fund, has increased its spending power to £470m after this week tying up £1bn of sales.
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Lloyds Banking Group reviews C&G branch closure
19 August 2009
Lloyds Banking Group is reviewing the planned closure of the Cheltenham & Gloucester (C&G) branch network.
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The Sting signs up at Piccadilly Circus for UK debut
19 August 2009
Dutch fashion retailer, The Sting, has signed up for its first UK store with Standard Life Investments at the gateway to Regent Street in Piccadilly Circus, London.
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Travelodge signs for New Brighton hotel
19 August 2009
Travelodge has exchanged contracts to operate a 66-bed hotel in New Brighton, the Wirral.
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Berlin hotel gets financing
19 August 2009
Westdeutsche ImmobilienBank has agreed to provide a €30m debt facility to Adina Apartment Hotels to finance two hotels currently under construction in Berlin, Germany.
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Currys Megastore signs at Cribbs Causeway
18 August 2009
DSG International has signed up for its fourth Currys Megastore at Cribbs Causeway retail park.
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Coady to leave Jones Lang LaSalle after 20 years
18 August 2009
Robin Coady, Jones Lang LaSalle’s shopping centre investment guru, is to leave the firm after 20 years.
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Hammerson announces opening date for Union Square in Aberdeen
18 August 2009
Hammerson has announced the opening date for its Union Square retail scheme in Aberdeen.
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Cult signs in Cardiff
18 August 2009
Fashion brand Cult has signed up to open in Wales at St David’s, the Cardiff shopping centre.
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Developers picked for £35m Skipton scheme
17 August 2009
Craven District Council has appointed affordable housing and regeneration company Lovell and Maple Grove Developments for a £35m scheme in Skipton, North Yorkshire.
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Private investor buys HMV in Manchester for £14.9m
17 August 2009
The Co-operative Insurance Society has sold an HMV in Manchester to a private investor for £14.9m.
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Bluewater has strong summer
14 August 2009
Bluewater, the Kent shopping centre, has announced a 2.1% increase in sales for July versus the same time last year.
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Letchworth picks developer for town centre regeneration
14 August 2009
Letchworth Garden City has chosen a developer to start the second phase in the town centre's regeneration.
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Clas Ohlson signs in Reading and Kingston
12 August 2009
Listed Swedish retail company Clas Ohlson has signed leases for two stores in Reading and Kingston taking its total number of UK stores to four.
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New Concert Hall in Birmingham to open in 2012
12 August 2009
Planning permission has been granted to develop a 450-seat concert hall on the University of Birmingham’s campus.
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HMV plans art-house cinema at Wimbledon store
12 August 2009
HMV has got planning consent for an art-house cinema, café and bar above its store in Wimbledon in London.
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Masterplan for Shoreham port to be drawn up
11 August 2009
Hyder Consulting has been appointed to prepare the masterplan for Shoreham Port near Brighton.
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Phase Eight signs in Aberdeen
11 August 2009
Retailer Phase Eight is the latest fashion retailer to sign up to Aberdeen’s Bon Accord Centre.
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Salmon Harvester buys site for £50m development in Lancashire
11 August 2009
Salmon Harvester buys site for £50m development in Lancashire
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DevSecs buys department store in Grimsby
11 August 2009
Development Securities has bought a House of Fraser department store in the centre of Grimsby, in north east Lincolnshire.
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Lidl gets go ahead for Bolton store
11 August 2009
Lidl has secured planning consent for a 11,442 sq ft foodstore with 67 car parking spaces in Westhoughton, Bolton, Greater Manchester.
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Holidaybreak buys 150-acre site in Wiltshire
10 August 2009
Leisure group Holidaybreak has bought a 150-acre site in Liddington, Wiltshire, from the administrators of the previous owner, The Liddington Hotel.
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McArthurGlen expands across Germany and Austria
10 August 2009
McArthurGlen is set to open its 18th designer outlet village in Salzburg on September 10th within 5 minutes of the W A Mozart Airport as part of the expansion over the German speaking regions of Europe.
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Landmark Piccadilly scheme gets the go-ahead
7 August 2009
The Crown Estate’s plans for the regeneration of the eastern end of Piccadilly received a boost yesterday evening.
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Best Buy signs Thurrock and Southampton
7 August 2009
US retail chain Best Buy has finally signed up for its first two stores in the UK.
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Portillo to lead BCSC conference speakers
07 August 2009
Michael Portillo, the former Conservative cabinet minister, is among the political speakers who will be taking part in this year’s BCSC Conference and Exhibition in Manchester on 9-11 November
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Welsh Assembly Governments injects £20m in to regeneration
6 August 2009
The Welsh Assembly Government has committed £20m to the regeneration of the North Wales Coastal Belt.
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Grosvenor’s Mount Street signs luxury jeweller
6 August 2009
Grosvenor is continuing to improve its Mount Street retail line up with a series of signings on the fashionable street.
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Threadneedle buys Exeter retail park
6 August 2009
Aviva Investors has sold Rydon Lane Retail Park, Exeter to Threadneedle for £29.4m.
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John Lewis Foodhall for Bluewater
6 August 2009
John Lewis has unveiled its first Foodhall outside of London today, at Bluewater in Kent.
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Mamas & Papas goes to Liverpool
6 August 2009
Mamas & Papas, the baby and toddler brand, has signed up at Liverpool One this week.
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DTZ wins Shell property management contract
6 August 2009
Shell International Petroleum has awarded DTZ the contract to undertake property management services across 5,000 retail sites in 11 countries across North America and Asia Pacific.
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Papa John holidays at Haven
6 August 2009
Papa John’s Pizza has opened stores at 12 Haven holiday parks across the UK.
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Development Securities buys property loan
5 August 2009
Development Securities and Ellandi have bought a property loan for around £10m.
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Bond Street art dealer goes into administration
4 August 2009
Bond Street based Partridge Fine Art has gone into administration. MCR has been appointed administrator to the 100 year old business.
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DIY chain Focus plans CVA
4 August 2009
Focus DIY is thought to be planning to unveil a Company Voluntary Arrangement (CVA) of 38 non-trading stores this week.
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Warner continues talks with lenders
31 July 2009
Warner Estate Holdings reported a pretax loss of £297.1m today and said the uncertainty on its ability to continue as a going concern remains.
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Empty shops double in north of England
31 July 2009
The north of England has seen the number of empty shops double since mid 2008.
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Liberty International: 40% fall in net asset value but tenant failures decline
31 July 2009
Lakeside and Covent Garden market owner Liberty International posted a 40% fall in interim net asset value a share today but reports a slowdown in tenant failures.
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Terrace Hill buys Manchester site for redevelopment
31 July 2009
Terrace Hill Group, the aim listed property development and investment group, has formed a funding and development joint venture with Peveril Securities to buy a Manchester development site.
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Crossrail will cost retailers £250m before any benefits are seen, says BRC
30 July 2009
The British Retail Consortium estimates retailers will have to pay out £250m in business rates to fund Crossrail before they see any benefits from it.
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Premier Inn to open more hotels in UK
30 July 2009
Premier Inn, the Whitbread owned hotel operator, is to boost its portfolio by five hotels across the country.
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Travelodge plans to become 'biggest hotel brand in London by 2012 Olympics'
30 July 2009
Travelodge hopes to become the biggest hotel brand in London at the 2012 Olympics following the £84m exchange of six properties in the capital.
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Marchday secures planning for scheme on former wool factory
29 July 2009
Developer Marchday has received planning permission for a £100m mixed use scheme at the former Paton & Baldwins wool factory in Darlington.
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Two former Empire directors acquire three units
29 July 2009
Two former directors of collapsed electrical retailer, Empire Direct, have acquired three of its former units to launch their own retail venture Power EC Ltd.
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Arab Investments buys Coffee Republic
29 July 2009
Arab Investments has completed the purchase of Coffee Republic from administrators KPMG today.
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Simon Halabi receives hotel consent in City of London
29 July 2009
Simon Halabi’s Buckingham Securities has received planning consent to convert the Millenium Bridge House office building to hotel use.
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High Street retail sales fall again
28 July 2009
UK High Street retail sales fell for the third month running with the forecast for August predicted to be no better, the CBI distributive trades survey revealed.
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Cup cake bakery signs in Covent Garden
28 July 2009
Covent Garden has signed Ella’s Bakehouse, the cup-cake emporium founded by former model Lorraine Pascale.
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Prime shopping centre vacancy rates drop 25%
27 July 2009
Prime shopping centres in the UK have seen vacancy rates fall by 25% since January 2009.
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Hotels suffer tough first six months of 2009
27 July 2009
Hoteliers across the UK have experienced a difficult first six months of 2009 with declines in occupancy, room rate and rooms yield, according to preliminary monthly figures released today by PKF Hotel Consultancy Services.
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Regent Quarter at King’s Cross fully let
27 July 2009
LaSalle Investment Management has let the last available unit at Regent Quarter at King’s Cross.
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Jurys Inns secures £60m for expansion
27 July 2009
Jurys Inns Group has completed a £60m fundraising to fund expansion of the 28 hotel chain.
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Liberty confirms strategic review of business
27 July 2009
British retailer Liberty confirmed this morning it was appointing strategic advisers to conduct a strategic review of the business.
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Sir Stuart Hampson appointed Crown Estate chairman
23 July 2009
The Crown Estate has appointed former John Lewis chairman Sir Stuart Hampson to take over from Ian Grant as chairman after he retires on 31 December.
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Store Twenty One retail group to open 20 new stores
23 July 2009
Value retailer Store Twenty One has retained agent GL Hearn to find 20 new stores in the UK over the next three months.
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Luxury hotel development on London's Strand in receivership
22 July 2009
A proposed luxury hotel on Strand in London has gone into receivership today.
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Republic fills empty Zavvi store in York
22 July 2009
Fashion retailer Republic has signed a 10-year lease on a former Zavvi store in York.
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Asda wins Inverness planning battle
22 July 2009
Asda has achieved outline planning consent for its controversial store in Inverness.
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Development Securities wins planning for West Quay scheme
22 July 2009
Development Securities has been granted planning consent for a 155-bed hotel and offices at the West Quay site in Southampton’s town centre.
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Elephant & Castle boost as Southwark and Lend Lease sign new agreement
22 July 2009
Southwark Council has entered into a new exclusivity agreement with Lend Lease for a major regeneration centred around Elephant & Castle shopping centre.
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DJ appointed to sell QEII Conference Centre
22 July 2009
The Department for Communities and Local Government has appointed Drivers Jonas to advise on a disposal strategy for the QEII Conference Centre in London.
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Boris Johnson tops out London’s Park Plaza hotel
22 July 2009
London mayor Boris Johnson topped out the Park Plaza Westminster Bridge hotel near Waterloo on the South Bank last night.
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Massimo Restaurants signs up at Maxim
22 July 2009
Scottish restaurant group Massimo Restaurants has signed up to open its sixth Scottish restaurant at the Maxim office park development in Lanarkshire, Scotland.
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New retailers in Liverpool’s Central Village
21 July 2009
Developer Merepark has secured three new tenants at its retail scheme Central Village in Liverpool city centre.
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PWTV: Eye on Retail
21 July 2009
Internet retailing's negative impact on the high street is 'maxing out', Jones Lang LaSalle's head of UK retail Guy Grainger has said.
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Gap signs in Gretna
21 July 2009
Orchard Street Investment Management has signed up Gap at its Gretna Gateway development.
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Asda and Muse set to submit plans in Larkhall
21 July 2009
Asda and Muse Developments are set to submit plans for a new food store and community facilities in Larkhall, South Lanarkshire.
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Next to open new shops this year
21 July 2009
Next, the clothing retailer, is to open more stores this year, as it grows its capital expenditure by £10m.
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BRC publishes high street rescue plan
21 July 2009
Around 12% of town centre high streets are vacant as the recession continues to impact the retail industry, according to the British Retail Consortium (BRC),
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Government should do more to protect high street, says BRC
21 July 2009
The government should be doing more to protect Britain’s ailing high streets, the British Retail Consortium has warned.
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WG Mitchell’s Northern Irish property portfolio up for sale
20 July 2009
The entire Northern Irish property portfolio of WG Mitchell, including a major shopping centre, has been put up for sale by administrator Ernst & Young.
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Slough gets the green light for £450m masterplan
20 July 2009
Slough Borough Council’s planning committee has approved the £450m master plan to regenerate the centre of Slough; ‘the Heart of Slough’ project.
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Quiksilver signs in Carmarthen
20 July 2009
Simons Developments, in conjunction with funding partner Invista, has signed up Quiksilver at its 285,000 sq ft St Catherine’s Walk mixed-use scheme in Carmarthen, South Wales.
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Cap & Reg sees further fund falls
20 July 2009
Capital & Regional, the co-investing property asset manager, has announced further falls in values for its funds for the last three months.
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Choice Hotels secures franchise agreement
20 July 2009
Choice Hotels Europe has secured a direct franchising agreement and has opened in London.
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Yields harden for the first time since the start of 2007
17 July 2009
Average prime yields are hardening for the first time since the start of 2007, research from CB Richard Ellis has said.
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Arab Investments in exclusive talks to buy Coffee Republic
17 July 2009
Arab Investments is in exclusive talks to buy Coffee Republic out of administration.
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Administrator sells Allied Carpets stores to new business
17 July 2009
BDO Stoy Hayward was today appointed administrator of Allied Carpets Properties, and started by selling 51 stores to a new Allied Carpets business.
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Travelodge spends £70m for further expansion
17 July 2009
Travelodge has stepped up its rapid expansion plans and has bought 12 sites across the UK for £70m to develop new hotels providing 1,118 new rooms.
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Best Buy lease terms delay UK opening
17 July 2009
Deal disintegrates as retailer seeks downwards-only rent review clause
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CB Richard Ellis's UK Prime Rent and Yield Monitor
10 July 2009
Prime yields hardened for the first time since the start of 2007 but the occupier market is still suffering.
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Daltons Business's Commercial Properties Report: June 2009
17 July 2009
A table examining interest in relation to commercial properties sold on DaltonsBusiness.com.
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Full steam ahead for Cardiff station hotel
17 July 2009
Cardiff Council has given the green light for one of the Welsh capital’s most prominent sites to be turned into a 216-bedroom hotel
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High Street Ken shops in business rate revolt
17 July 2009
Up to 150 retailers to demand reductions because of Westfield London
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Petchey calls time on leisure empire
17 July 2009
‘Father of the timeshare’ to sell Petchey Leisure for £80m to raise cash for property opportunities
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Puma extends £332m loan
17 July 2009
Puma Hotels, the owner of 20 four-star UK hotels, has refinanced its £332m of bank debt
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Redevco retail looks east
17 July 2009
Dutch company Redevco has signed a ‘strategic partnership’ with Chinese developer Shui On Land to jointly develop a 100,000 sq m shopping centre in Wuhan City, China
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Savills' European Retail Market Report: Summer 2009
10 July 2009
'The market is adapting to changing consumer behaviour, with retailers reviewing their business strategies, developers delaying new construction and investors attaching higher risk premium to retail investments.'
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Threadneedle and LaSalle make final Co-op bids
17 July 2009
Threadneedle and LaSalle Investment Management are the final two bidders for a purchase and leaseback of 20 Co-operative Group stores
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'Travelodge' of serviced offices comes up trumps
17 July 2009
Budget operator Citibase produces best-ever results after postponing AIM listing
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Asda hits back at Tesco competition test complaints
16 July 2009
Tesco’s criticisms of the Competition Commission’s decision to introduce a competition test for stores larger than 100,000 sq ft have been labelled ‘simply wrong’ by its largest competitor.
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Macdonald Estates and Asda press ahead in Dundee
15 July 2009
Macdonald Estates and Asda are to lodge a planning application for a scheme in Dundee later this month.
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Middle East shoppers will boost West End by £250m this summer
15 July 2009
London’s West End is preparing for a‘gold rush’, with more than 140,000 visitors from the Middle East expected to spend an estimated £250m between July and September, according to the New West End company.
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Knight Frank's shopping centre investment quarterly: Q2 2009
15 July 2009
The attractive pricing of good quality assets has brought an increasing number of requirements to the market, including more active interest from new opportunity funds.
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Travelodge arrives at Grand Central
14 July 2009
Travelodge has signed up at Targetfollow’s proposed £100m revamp of the Grand Central leisure complex in Stockport town centre.
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Hotel operators could take equity stakes in hotels says Christie & Co
14 July 2009
Christie & Co said that the ‘tide is turning’ for hotel operators and market conditions may prompt operators to take equity stakes in hotels previously operated under management contracts.
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Dukelease Properties buys Covent Garden building
13 July 2009
Dukelease Properties has bought a mixed-use block in London’s Covent Garden from The Royal London Mutual Insurance Society for £10.22m at a yield of 6.96%.
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Mailbox developer buys Trinity Mirror site in Brum
13 July 2009
The Birmingham Development Company (BDC) – the developer of the 1.5m sq ft Mailbox and £100m Cube schemes in the city – has bought another major development site in the city centre.
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Pontin’s to acquire in the downturn
13 July 2009
Pontin’s is looking to buy businesses in the downturn that ‘will add value for money’ as it continues its £50m investment, development and refurbishment project across its UK portfolio.
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E&Y appoints Savills on two WG Mitchell portfolios
13 July 2009
Administrator Ernst & Young has appointed Savills to advise on the work out and sale of two property portfolios worth up to £80m in total owned by Northern Irish group WG Mitchell.
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Hammerson signs jewellery chain Azendi in Aberdeen
10 July 2009
Hammerson has signed jewellery chain Azendi to its Union Square scheme in Aberdeen.
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BNP Paribas Real Estate's commercial property investment yields - June 2009
10 July 2009
A table of prime commercial property investment yields across all asset classes.
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Cap & Reg’s new look at Wood Green
10 July 2009
Capital & Regional has secured Primark and Lidl at its Mall Wood Green scheme in north London, while New Look is to double the size of its existing unit
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Ronson to develop Four Seasons in City
10 July 2009
Heron Plaza signs its first-ever agreement with luxury hotel operator
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Plans to revamp derelict Cardiff hotel given go-ahead
9 July 2009
Cardiff Council has given the green light for one of the Welsh capital’s most prominent sites to be turned into a 216-bedroom hotel.
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Glasgow first for Waitrose
9 July 2009
Waitrose is to open its first supermarket in Glasgow.
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Commerz Real spends €126.6m in Berlin
8 July 2009
Commerz Real has bought the retail property ‘Die Mitte’ in Berlin for its open-ended real estate fund, HaulsInvest Europa for €126.6m.
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Two major hotels up for sale by administrator
8 July 2009
Administrator Ernst & Young has put two well-known hotels, owned by subsidiary companies of Northern Irish group WG Mitchell, on the market for sale.
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Coffee Republic (UK) in administration
7 July 2009
Coffee Republic (UK) has gone into administration.
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JJB Sports looks to raise capital and says lease assignment programme on track
6 July 2009
JJB Sports said it is looking to raise capital to fund the company’s turnaround plans.
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M&S gives Constantine responsibility for international division
3 July 2009
Clem Constantine, property director at Marks & Spencer, has been given additional responsibility for the retailer’s international division.
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Trio of occupiers at St David’s in Cardiff
3 July 2009
Retailers Quiksilver, Fat Face and Italian denim store J4 Jeans have signed up for stores at St David’s in Cardiff.
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Gladman hooks quartet of occupiers in Aberdeen
3 July 2009
Gladman Developments has signed up four occupiers at its Arnhall Business Park in Aberdeen.
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British Land and House of Fraser jv sells £100m
3 July 2009
British Land and House of Fraser’s property joint venture is selling more than £100m of deals this year.
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Hollister splashes in Milton Keynes
2 July 2009
Surf-fashion brand Hollister has leased a shop in Legal & General Property’s Midsummer Place in Milton Keynes as a part of a first wave of UK regional expansion.
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USS bags up Cambridge's Grand Arcade
2 July 2009
Universities Superannuation Scheme has purchased Grosvenor’s 20% stake in Cambridge’s Grand Arcade shopping centre.
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PW TV: Retail investment will be just £15bn in 2009
2 July 2009
André James, head of investment at Colliers CRE, told Property Week that retail investment in the UK in 2009 is expected to be just £15bn - almost a quarter of 2007 levels.
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Gap returns to Newcastle
2 July 2009
Fashion chain Gap has returned to Newcastle through the opening of an outlet store.
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Carpathian completes €235m Hypo debt restructure
2 July 2009
Carpathian has completed a €235m debt restructuring.
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USS bags up Cambridge's Grand Arcade
03 July 2009
Universities Superannuation Scheme has purchased Grosvenor’s 20% stake in Cambridge’s Grand Arcade shopping centre
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Legoland Discovery Centre to open in Trafford Centre
1 July 2009
Merlin Entertainments is planning to open the first UK Legoland Discovery Centre at the Trafford Centre in Manchester.
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Selfridges plans public space on Glasgow site
1 July 2009
Selfridges is planning to provide public open space and a new car park on its long-awaited Trongate site in Glasgow, until conditions improve and development can begin.
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Carpathian buys final jigsaw piece in Warsaw shopping centre
1 July 2009
Carpathian has bought a retail property in Warsaw, Poland, in order to complete its ownership of the 590,000 sq ft Promenada Centre.
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Land Securities sells Portman House to Libyan Foreign Investment Company for £155m
30 June 2009
Land Securities has sold Portman House on Oxford Street in London to the Libyan Foreign Investment Company (LAFICO) for £155m.
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Ferrari outlet store roars into Milan
30 June 2009
Ferrari has opened its first factory store in Italy at McArthurGlen’s Serraville Designer outlet near Milan.
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Belstaff signs in Glasgow
30 June 2009
Fashion and accessories retailer Belstaff has signed up at Redevco’s Princes Square in Glasgow, for its first store in Scotland.
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CB Richard Ellis Investors bags distribution centre and shop
30 June 2009
CB Richard Ellis Investors (CBREi) has bought two UK properties totalling £10.4m.
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Argos signs at Romford
30 June 2009
Resolution has signed Argos at its Gallows Corner Retail Park in Romford.
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Scottish & Newcastle to sell more pubs
30 June 2009
Scottish & Newcastle Pub Enterprises has put a further 20 pubs on the market, following an original 32 public houses it put on the market in April.
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Poundworld occupies Castleford Woolworths
29 June 2009
A 10,000 sq ft former Woolworths store in Castleford town centre has been re-let to Poundworld Retail.
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Tritax buys Intercontinental Hotels Group HQ
29 June 2009
A syndicate of private investors led by Tritax has bought the 97,000 sq ft global headquarters of the Intercontinental Hotels Group in Broadwater Park, Denham from Invista Real Estate.
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Administrators appoint Knight Frank to sell City of London building
29 June 2009
Knight Frank has been appointed to sell the former Midland Bank headquarters at 27-35 Poultry – which is one of the City of London’s best known freehold buildings.
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Thornfield signs agreement for £180m Sunderland development
26 June 2009
An official development agreement to bring forward a retail-led development at Holmeside Triangle has been signed between Thornfield Properties and Sunderland arc this week.
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Hercules Unit Trust revises debt proposal to appease bondholders
26 June 2009
The debt adviser to Hercules Unit Trust, the UK’s largest retail park fund, has revised a restructuring proposal in a bid to prevent a revolt by bondholders.
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Sainsbury's to anchor St Modwen's £150m Liverpool development
26 June 2009
Sainsbury’s will operate a flagship store in St Modwen’s £150m Project Jennifer development in Liverpool, the supermarket giant said today.
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Westminster Council agrees more alfresco dining
26 June 2009
Westminster City Council has agreed plans to make space for 350 extra alfresco diners in Covent Garden and Leicester Square.
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Moncler takes former Liberty shop on Sloane Street
26 June 2009
Moncler, the luxury ski wear brand, has taken Liberty of London’s 2,000 sq ft retail unit on Sloane Street, setting a new record zone A rent for the location.
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LandSecs loses TK Maxx prelet in Liverpool
26 June 2009
Retailer looks elsewhere as company delays refurbs work at St John’s mall
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Axa REIM checks into Barcelona
26 June 2009
Axa Real Estate Investment Management has bought the AB Skipper Hotel in Puerto Olimpico, Barcelona, from Spanish developer Grupo Preyco 44 and signed a management agreement with Accor Hoteles Espana
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Boudoir to open in St Andrews
26 June 2009
Lingerie and accessories retailer Boudoir Beach has taken 12 Bell Street in St Andrews on a five-year lease at £15,000 with six months rent free from KLG Scotland
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Called to the bars
26 June 2009
Redundant pubs are being reincarnated as convenience stores
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CWM augments Glasgow office
26 June 2009
John Ramage, former DTZ surveyor, is to join CWM’s retail agency department as a surveyor in Glasgow
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Grosvenor lures Gordon Ramsay
26 June 2009
Grosvenor has completed its 16,000 sq ft Kinnerton Street scheme in London’s Belgravia, and signed two lettings
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H&M expands at Bluewater
26 June 2009
H&M is to open a 24,691 sq ft flagship store at Bluewater by consolidating a former Zavvi music store and two adjoining units on the Thames Walk mall
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Hugo is the boss at Manchester’s Spinningfields
26 June 2009
Hugo, the diffusion line of fashion retailer Hugo Boss, will open its first UK store next year in Spinningfields, Allied London’s development in Manchester
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Leicester and Liverpool bag awards for malls
26 June 2009
Two city councils that opened significant shopping centres last year – Leicester and Liverpool – have been rewarded with town centre environment awards from shopping centre organisation BCSC
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Menkind leaps forward with store openings
26 June 2009
Menkind, the men’s gifts and accessories emporium, has opened stores in Highcross Leicester and Westfield London and plans several further openings in UK cities this year
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On the shopping list
26 June 2009
Ex-Modus man Mike Riddell has launched a one-stop shop for investors and landlords
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Retail + Leisure
26 June 2009
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Sandwich filling for Maxim park
26 June 2009
Sandwich shop Baguette Express has taken a 1,453 sq ft unit at the Maxim office park in Lanarkshire on a 10-year lease at £25,000 a year
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Scotland struggles to stay afloat in retail rankings
26 June 2009
Many of Scotland’s town centres have slipped down the national retail league
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Shelley Sandzer hired for Soho development
26 June 2009
Laurence Kirschel’s Consolidated Developments has hired Shelley Sandzer to seek an upmarket restaurant operator for a development in London’s Soho
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Tarzan comes to town
26 June 2009
Treetop adventure course company Aerial Extreme is taking rope swings to in-town retail locations
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Toy story
26 June 2009
Hamleys, the world-famous toy shop, is coming to Glasgow as part of a global expansion
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Victoria crosses its fingers
26 June 2009
Southend-on-Sea’s latest retail scheme hopes for high-end tenants
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Allied Carpets' subsidiary signals administration intent
25 June 2009
Allied Carpets Properties, a subsidiary of the UK’s second largest carpet retailer, has filed a notice of intention to enter administration.
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Recession fails to impact on Covent Garden footfall
25 June 2009
Capital & Counties reported increased footfall at Covent Garden in April and May compared with the previous year, despite consumer confidence being at an all time low.
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Golden Tulip founder unveils new gym format
25 June 2009
Hotel and property entrepreneur Peter Roberts – who sold the Golden Tulip UK hotel group to Whitbread for £45m in 2007 – has launched a new leisure venture.
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Lancaster Council quits Centros £150m scheme inquiry
25 June 2009
Lancaster City Council has pulled out of an inquiry into developer Centros’s £150m city centre regeneration plans.
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Clinton Cards' Birthdays buy
25 June 2009
Clinton Cards buys 60% of Birthday stores
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London hotels battle recession with 80% occupancy
25 June 2009
London hotels are coping with the recession better than those in the regions with occupancy levels recorded above 80% last month.
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Lockhart’s £250m AIM flotation shelved
25 June 2009
David Lockhart’s return to the listed sector has been shelved.
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Argent secures second Brindleyplace tenant.
25 June 2009
Argent has secured the second letting at its Eleven Brindleyplace office development in Birmingham.
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Europa Capital buys Land Securities shopping centre
24 June 2009
Europa Capital has bought Land Securities' Fremlin Walk shopping centre in Maidstone for around £70m, reflecting a yield of between 8.5-8.75%.
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Permira-owned firm buys hotel and conference centre
24 June 2009
Principal Hayley Hotels and Conference Venues, the Permira owned investment firm, has bought the 222-bedroom Quality Hotel in Glasgow and New Connaught Rooms, a London conference centre.
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UK retail sales fall further, CBI says
24 June 2009
UK retail sales fell for the second month running in the year to June, the CBI Distributive Trades Survey revealed today, though the decline was less severe than falls recorded between July 2008 and March 2009.
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Peel plans supermarket in Wolverhampton
23 June 2009
Peel has submitted a planning application for a 100,000 sq ft supermarket on its existing Peel Centre retail park on Stafford Street in Wolverhampton.
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Irish retail market ‘extremely difficult’ says CB Richard Ellis
23 June 2009
The first six months of 2009 have been ‘extremely difficult’ for the Irish retail market according to property services firm CB Richard Ellis.
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New development director at Asda
22 June 2009
Steve Masters has been appointed as property development director at Asda.
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River Island to press ahead with big shed
22 June 2009
River Island has confirmed that it will press ahead with the development of a new national distribution hub at Magna Park in Milton Keynes.
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Hollister signs in Liverpool
22 June 2009
Hollister, Abercrombie and Fitch’s sister brand, has signed up in Liverpool.
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Liberty surrenders Sloane Street lease
22 June 2009
Retailer Liberty has surrendered the lease on its Sloane Street shop in Knightsbridge after an unsolicited offer from a European fashion brand, and will now focus on its Regent Street flagship store.
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X-Leisure unit holders approve £50m equity issue
22 June 2009
Capital & Regional has received support for a £50m equity raising for its X-Leisure fund through the sale of units to existing unit holders in the fund.
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Recovery will be long and slow says Charlie Mayfield, John Lewis chairman
19 June 2009
Charlie Mayfield, chairman of John Lewis Partnership spoke today at the Movers and Shakers Property Networking Club and warned any recovery the UK will be a long, slow and tough recovery.
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Major shopping centre to open in Ireland
19 June 2009
The Showgrounds Shopping Centre in Clonmel, Ireland will open next Thursday in the first major centre opening in Ireland this year.
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Merc Clothing takes Clacton shop
19 June 2009
Fashion brand Merc Clothing has taken a unit at the refurbished Clacton Factory Outlet centre.
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London beats Paris in new Experian/Jones Lang LaSalle retail report
19 June 2009
London has beaten Paris to become Europe’s top retail destination according to a new report by Experian and Jones Lang LaSalle.
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Paul Whight launches £300m retail warehouse fund for UK
19 June 2009
Paul Whight, the retail warehousing expert with a 25 year track record in the sector, is back in the UK and has teamed up with former Henderson Global Investors UK retail boss Neil Varnham, to launch a £300m UK retail warehousing fund.
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Aberdeen ripe for Apple
19 June 2009
Apple, which this week launched its 3G iPhone, has signed up at Hammerson’s Union Square in Aberdeen
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Aurora chief moves to LandSecs
19 June 2009
Land Securities has appointed Sanjay Sharma, the international managing director of Aurora Fashions, as chief executive of its new House of Brands venture
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Cos comes to Kensington
19 June 2009
H&M’s sister brand, Cos, has taken its fifth UK store – 7,000 sq ft at 124-126 High Street, Kensington in west London
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Currys spices up Livingston unit
19 June 2009
DSGi will double its space at Land Securities’ Almondvale retail park in Livingston to open a 20,000 sq ft PC World and Currys concept store – the first of its kind in Scotland
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Glasgow mall bags Ollie & Nic
19 June 2009
Accessories retailer Ollie & Nic has taken 720 sq ft at Redevco’s Princes Square in Glasgow for its fifth UK store and its first outside England
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Guildford to eat Jamie’s Italian …
19 June 2009
The seventh branch of the Jamie’s Italian chain, owned by chef Jamie Oliver, is to open in Guildford.
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Helios’s giant retail and logistics plan in Estonia
19 June 2009
Helios Properties, the development company run by Mike Hughes and Trevor Cartner, is to develop the largest retail and logistics park in the Estonian capital, Tallinn, after forming a joint venture with local developer Suda Maja
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Lakeside and Potteries malls attract retailers
19 June 2009
Capital Shopping Centres this month signed several retailers at its Essex and Stoke malls
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LK Bennett finds feet in Bluewater
19 June 2009
LK Bennett, the footwear and clothing retailer, is to launch a new shoe concept
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McColl wins polo match in Agadir
19 June 2009
Robinson McColl, the London-based architectural firm chaired by Stewart McColl, has been picked to design a 345 acre, €300m sport-led, mixed-use scheme in Morocco
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Warner Estate Holdings signs boutique to Liverpool shopping centre
19 June 2009
Warner Estate Holdings has signed up fashion boutique Lola Loves at its Cavern Walks shopping centre in Liverpool
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Protego buys New Look store in Sheffield
18 June 2009
Protego Real Estate Investors has bought a prime retail unit in Sheffield for a UK pension fund client.
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Tesco sells first European CMBS in two years
17 June 2009
Tesco has sold £458m of its properties, financed by the first property securitisation for two years.
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Westfield banks on Derby
17 June 2009
Fashion retailer Bank has signed up for a unit at Westfield Derby.
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Seven more Modus related companies go into administration
17 June 2009
Following the administration of parent company Modus Ventures in May further subsidiaries of Brendan Flood's property developer and investor have now gone into administration.
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Sainsbury's to raise around £445m to fund store expansion
17 June 2009
Sainsbury’s plans to raise around £255m from a placement of shares and around £190m from the offering of convertible bonds to fund 15% space growth by March 2011.
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Meghraj and Travelodge launch £100m fund for distressed hotels
17 June 2009
Meghraj Properties, a fund manager for private families, and Travelodge Hotels will launch a £100m fund in September to invest in hotel assets in the UK.
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Hammerson makes u-turn decision on the sale of three retail assets
16 June 2009
Hammerson has decided not to sell its 50% stake in Queensgate shopping centre in Peterborough, a centre it owns in joint venture with Aviva Investors.
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Tesco to carry out first European CMBS sale in two years
16 June 2009
Tesco is selling around £450m of its properties which will be financed by the first property securitisation for two years.
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Wembley masterplan backed by Brent
16 June 2009
The London Borough of Brent’s executive committee last night adopted the Wembley Masterplan 2009, a document that has been drawn up to ‘guide the long-term development’ of Wembley, north-west London.
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Sainsbury’s gets go ahead in Welwyn Garden City
16 June 2009
Welwyn Hatfield Council’s development control committee have given ‘unanimous support’ to Sainsbury’s proposals for a 52,000 sq ft foodstore in Welwyn Garden City’s town centre.
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Paddy Power bets on Manchester
16 June 2009
Ireland’s biggest bookmaker Paddy Power has opened its first betting shop in the north of England in Manchester this week, and has also signed up for its second site in the city.
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Royal Opera House images unveiled for Thurrock
16 June 2009
Images of the Royal Opera House production park in Thurrock were unveiled today.
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May a mixed month for West End retailers
16 June 2009
The latest figures for shoppers in London’s West End show May was a mixed month with footfall down at the beginning, though the second half saw a rise with a record Whitsun Bank Holiday footfall up 14.8%.
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Developer wins consent for south-west’s tallest tower
16 June 2009
Developer Devington has won planning permission for a scheme in Plymouth which includes the south-west’s tallest tower.
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Regent Inns sells seven Walkabout bars
16 June 2009
Regent Inns has sold seven of its Walkabout venues to Cavendish Bars group.
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Shisha cafe signs at St Georges Central in Leicester
16 June 2009
The Mist, a shisha pipe café, is to open at St Georges Central in Leicester city centre.
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Land Securities signs retailers at Scottish retail parks
15 June 2009
Land Securities has signed two retailers at its Livingston and Dundee retail parks, achieving rental levels between £20-23/sq ft.
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Cash Generator plans 30 London stores
15 June 2009
Pawn-broking chain Cash Generator has announced plans to open thirty stores in London over the next three years.
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Bywater joins Realis as non exec
12 June 2009
Realis Estates, the Birmingham-based retail property developer, has appointed former Hammerson UK managing director and current Caddick Developments managing director John Bywater as a non-executive director.
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Agencies to pitch to sell QEII site
12 June 2009
The government has asked 16 agencies to pitch to advise on the sale of the Queen Elizabeth II conference centre in Westminster.
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Cruise puts King Sturge in control
12 June 2009
Cruise, the fashion retailer that went into administration in May, has instructed King Sturge to advise on its property portfolio
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Dundee mall Dragon's Den
12 June 2009
Entrepreneurs and aspiring retailers are to be offered a chance to compete for funding to open a shop at the Wellgate Shopping Centre in Dundee
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Dutch Sting operation in Piccadilly Circus
12 June 2009
Fashion chain eyes former Tower Records store as Ed Hardy eyes Westfield
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Eat has appetite in London
12 June 2009
Sandwich chain Eat, advised by King Sturge, has taken three central London units
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Edgerley wins Standard mandate
12 June 2009
Edgerley Simpson Howe has been retained by Standard Life Investments to manage its retail park portfolio in England and Wales
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Galvin on menu at Bishops Square
12 June 2009
Hammerson has secured Galvin Restaurants at St Botolph’s Hall, part of the Bishops Square scheme in Spitalfields
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Gerry Weber seeks smaller sizes
12 June 2009
Gerry Weber is continuing its UK expansion by taking its eighth store, at the Crown Estate’s CrownGate Shopping Centre in Worcester
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Mayfair shop for Carolina Herrera
12 June 2009
New York-based design label Carolina Herrera is to make its UK debut with a 1,600 sq ft CH by Carolina Herrera store on 120 Mount Street in London’s Mayfair, to open by October
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Mococo takes bijou Liverpool unit
12 June 2009
Mococo has taken a 352 sq ft store at Metquarter in Liverpool
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Oggy Oggy says 'oi!' to south-west
12 June 2009
Cornish Oggy Oggy Pasty Company is targeting towns in the south-west to open new outlets, among them Plymouth, Newquay and St Austell
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Pandora opens in London
12 June 2009
Pandora, advised by Stephen Kane & Co, has taken a five-year lease at Clover House at 142/144 Farringdon Road in London’s City fringe
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Pizza Hut delivers new formats
12 June 2009
Pizza Hut has embarked on a new trial of its pizza delivery operation and is looking for stores for delivery units as well as larger restaurant units
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Schroders' Hercules in talks to decouple retail parks
12 June 2009
Hercules Unit Trust is in talks to sell two retail parks as it edges closer to securing around £150m of new equity from an overseas institution
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Starwood REIT to bag up real estate loans in US
12 June 2009
Barry Sternlicht, the property and hotel entrepreneur, is planning to float a new REIT in the US to buy distressed commercial and residential debt secured on real estate
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Tunbridge Wells Waitrose sale
12 June 2009
Invista Real Estate Investment Management, advised by CB Richard Ellis, has sold a 45,000 sq ft Waitrose store in Tunbridge Wells for £15.2m, representing a 6.04% yield
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Invista completes £15.2m Tonbridge sale
11 June 2009
Invista has completed the sale of a supermarket development in Tonbridge for £15.2m.
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Boris paves way for O2 extension
11 June 2009
Boris Johnson has said he will not stand in the way of plans to increase the size of the O2 Centre in Greenwich by 260,000 sq ft.
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Crown and Criterion agree peace deal at Piccadilly
11 June 2009
Asif Aziz’s Criterion Capital is to set up a souvenir retailer - Cool Britannia - rather than leave Criterion’s Piccadilly unit empty following freeholder The Crown refusing permission for the letting of the 23,000 sq ft store to discount retailer TK Maxx.
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The Perfume Shop relocates to second warehouse
11 June 2009
Retailer the Perfume Shop has signed up for warehouse space at parent company AS Watson's distribution site in Dunstable.
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Redco Milne submit plans for first joint venture
11 June 2009
Redco Milne has submitted a planning application for a £25m, 105,000 sq ft retail scheme in Forres, Moray, Scotland.
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Lockhart steers fresh course with New River
11 June 2009
David Lockhart, the veteran property entrepreneur who has proved to be one of the shrewdest readers of market cycles, is planning a return to the listed sector.
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First European 'Wave House' splashes into Zaragoza
11 June 2009
Zaragoza’s Puerto Venecia - Europe’s largest shopping and leisure centre – has signed up surf operator Wave House International.
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Tea time at Covent Garden
11 June 2009
Tea Palace, the tea emporium, has joined Covent Garden.
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Newport Council seeks new developer for Friar’s Walk
10 June 2009
Newport City Council is looking for a new developer for the Friar’s Walk scheme after ending discussions with Modus and partner Aim listed Ciref.
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South Ayrshire Council approves £70m university campus plans
10 June 2009
South Ayrshire Council has granted planning consent to the University of the West of Scotland for its £70m Ayr campus.
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The Bank of New York Mellon agrees five-year deal at Signal Point, Swindon
10 June 2009
The Bank of New York Mellon has signed a new five-year lease to stay at its 22,661 sq ft office space at Signal Point, Station Road, Swindon.
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London & Stamford exchanges on Aintree retail park
10 June 2009
London & Stamford Property today announced that it has exchanged contracts with a subsidiary of Land Securities to buy Racecourse Retail Park, Aintree for £60.928m.
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‘West End Task Force for 2012’ announced
9 June 2009
New West End Company and Heart of London Business Alliance brought together 150 major retail, property and leisure businesses at the ‘West End for 2012’ conference today to plan how London can best leverage the opportunity of London 2012.
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Hollister to open in Bristol
9 June 2009
Abercrombie & Fitch’s sister brand Hollister is to take a store at Cabot Circus in Bristol.
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USS buys Enfield retail park from Henderson
9 June 2009
Universities Superannuation Scheme (USS) has bought Henderson Global Investors’ Enfield Retail Park for £38.35m.
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Oval granted planning consent
9 June 2009
The Oval cricket ground in Kennington, south London has been granted planning consent for a £35m redevelopment.
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Greater Manchester Pension Fund appoints Sanderson Weatherall
9 June 2009
The Greater Manchester Pension Fund (GMPF) has appointed Sanderson Weatherall to manage its 1m sq ft commercial property portfolio.
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Punch sells 11 pubs to Greene King
9 June 2009
Punch Taverns has agreed a deal to sell 11 managed pubs to Greene King for £30.4m.
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Australia’s Adina Apartment Hotels to enter UK market
8 June 2009
Australian hotel developer Adina Apartment Hotels is firming up plans to enter the UK market and further expand in Germany.
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Hollister goes to Belfast
8 June 2009
Hollister, the US fashion brand owned by Abercrombie & Fitch, has signed up for a 8,200 sq ft store at Multi Development’s Belfast shopping centre, Victoria Square.
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Hammerson UK managing director and Deloitte insolvency expert go head-to-head over prepacks
8 June 2009
Hammerson's UK managing director David Atkins and Deloitte insolvency guru Lee Manning went head to head at the Property Week/CB Richardf Ellis/BCSC Retail Summit last month over the controversial issue of prepack administrations.
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85% take up for St Modwen’s £102m equity raising
8 June 2009
St Modwen’s £102.1m discounted sale of shares was taken up by 85% of its shareholders.
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Invista sells York shop for 5.5%
8 June 2009
Invista Foundation Property Trust has sold a unit on Parliament Street in York to an in-house fund of Nightingale Partners.
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Prupim pilots “Dragon’s Den” style retail initiative
8 June 2009
Entrepreneurs and aspiring retailers are being offered the chance for funding package to open a shop at the Wellgate Shopping Centre in Dundee.
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Modus’s former joint venture partner Ciref confirms plans for control of shopping centre assets
5 June 2009
AIM-listed Ciref confirmed its plan to take control of shopping centre assets that were held in a joint venture with developer and investor Modus, as first revealed by Property Week in December last year.
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Best Buy expansion led by US director
5 June 2009
Best Buy, the US electrical retail has restructured its UK property team and issued new requirements for its UK store opening programme.
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Argos expands in Brum
05 June 2009
Standard Life Investments UK Shopping Centre Trust is to relocate Argos into a larger, 11,000 sq ft unit in its One Stop Shopping Centre and Retail Park in Birmingham
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Gant sublets Regent Street shop
05 June 2009
Clothing retailer Gant has taken German retailer Gerry Weber’s 8,683 sq ft shop at 187/191 Regent Street in London
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Lane 4 is still in Kansas
05 June 2009
A partnership led by Kansas City-based developer Lane 4 has bought a retail portfolio in the suburbs of Kansas City, Kansas, for $62.1m from Highwoods Properties
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Mallard flies into Orchard
05 June 2009
Orchard Street Investment Management has bought Mallard Road Retail Park in Bournemouth for £25.5m for its Special Situations Fund from Aviva Investors Property Trust
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Next and Ferrari drive into Liverpool One
05 June 2009
Grosvenor has signed a clutch of new retailers at Liverpool One
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Next upgrades in Woking
05 June 2009
Next is to double its space at Woking’s Peacocks centre after purchasing the 15,145 sq ft former Woolworths, where it will open in September
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Retailers’ woe at Westfield
05 June 2009
Retailers at Westfield London are still unhappy with the service charge, despite Westfield’s announcement this week of a 7% reduction for 2009 to £12.98/sq ft – from the £13.94/sq ft retailers were quoted around Christmas 2008
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Modus’s Blackpool centre goes into administration
4 June 2009
Modus Group and Ciref’s newly-developed Houndshill shopping centre in Blackpool has gone into administration.
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Debenhams announces £323m capital raising
4 June 2009
Debenhams is raising £323m of new equity through a sale of shares to help tackle its £1bn debt pile.
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Hercules Unit Trust in talks with outside investor
3 June 2009
Hercules Unit Trust, the retail park fund, is in talks with an external investor, thought to be an overseas institution, to invest between £100m-£150m in the fund.
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Hammerson in €210m Paris sale
3 June 2009
Hammerson has sold its Les Trois Quartiers retail and office property in Paris for €210m.
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Milligan plans ‘Retail Planet’ in Portugal
3 June 2009
Retail developer Milligan has signed a joint venture agreement with Eiffage to develop Portugal’s first ‘Retail Planet’ in Barreiro, Greater Lisbon.
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Morris appointed Intercontinental Hotel UK head
2 June 2009
Will Morris has been appointed managing director of the Intercontinental Hotel Group’s (IHG) UK and Ireland managed estate.
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Watford Council buys former Woolies for development
2 June 2009
Watford Borough Council has bought a 45,000 sq ft former Woolworths store in Watford’s high street.
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Empty retail shop stores increase in Northern Ireland
2 June 2009
Retail vacancy rates in Northern Ireland are rising as the market continues to suffer in the prolonged recession, according to CB Richard Ellis.
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Westfield reduces service charge by 7% to £12.98
2 June 2009
Westfield, the shopping centre owner, has cut the service charges at its Westfield London shopping centre following a campaign from unhappy retailers.
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Ivanhoe Cambridge tops out Glasgow's St Enoch
1 June 2009
Ivanhoe Cambridge topped out its St Enoch shopping centre redevelopment in Glasgow last Wednesday.
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Capital & Regional agrees X-Leisure loan to value waiver extension
1 June 2009
Capital & Regional has agreed an extension of its X-leisure Unit Trust loan to value covenant waiver until 31 July this year with its banking syndicate.
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Blacks suffers £14.4m loss
1 June 2009
Blacks Leisure Group suffered a pre-tax loss of £14.4m for the year end 28 February 2009 compared to a loss of £9.3m the previous year.
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Flood's Modus group collapses.
29 May 2009
Brendan Flood's property company collapsed into administration today.
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Harper Dennis Hobbs appointed on Bay Trading leases
29 May 2009
Bay Design Limited has appointed retail property agent Harper Dennis Hobbs to manage lease negotiations on the Bay Trading stores which it acquired from the administrators earlier this month.
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Asda to spend £260m on stores in Scotland
29 May 2009
Asda will spend more than £260m in Scotland between 2009 and 2012 on new and existing stores, it announced today.
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Asda's summer plans for Leeds supermarket
29 May 2009
Asda is planning a to build a new supermarket at Middleton, Leeds.
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77 Breed to open debut store in Covent Garden
29 May 2009
77 Breed, a young fashion brand owned by Superdry Group, is to open its debut store in London’s Covent Garden
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After the fall
29 May 2009
The downturn has dampened prospects for High Wycombe’s Eden centre
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Allied Carpets to sweep up stores
29 May 2009
Carpet retailer Allied Carpets is reviewing its 218-store portfolio and is looking at ways to offload stores to other retailers, including Pets At Home, following its purchase by a Hilco-led consortium in March.
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Arcandor seeks state support
29 May 2009
Struggling German retailer Arcandor is in crisis talks with the German government over plans for state aid to keep the retailing-to-travel giant afloat
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Crawley gains from wait
29 May 2009
Retail landlords are benefiting from the delay in Grosvenor’s town centre revamp
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Farnham eye-opener
29 May 2009
Hedge Hunter Farnham has let 1 the Borough in Farnham, Hampshire, to Vision Express on a 10-year lease with no break at an initial rent of £50,000 a year
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Hilton Garden beds into Norwich
29 May 2009
City Living Developments has agreed heads of terms with Hilton Garden Inn to operate a 125-bedroom hotel at its £120m mixed-use scheme at St Anne’s Wharf in the centre of Norwich
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JFour denim to arrive in UK
29 May 2009
Fashion entrepreneur Robert de Keyser is to launch Italian denim concept JFour in the UK and plans to open 24 stores over the next 12 months
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Puma claws back UK shops
29 May 2009
Puma is to close all but one of its UK stores because of tough trading
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Savills rides on Flying Horse
29 May 2009
Landlord UBS Triton Property Fund has appointed Savills to advise on the leasing strategy and marketing of the 36,000 sq ft Flying Horse Mall in Nottingham
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Supermarkets still hungry for stores
29 May 2009
Eurospar and Heron Frozen Food plan UK expansion
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Tenants despair after £7m revamp fails to fill Herts mall
29 May 2009
Tower shopping centre in Hoddesdon remains two-thirds empty, despite owner UBS’s makeover
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Thomas Sabo sparkles in Leeds
29 May 2009
Thomas Sabo has taken its first Yorkshire store in the Victoria Quarter shopping arcade, Leeds
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Wandsworth snack signings
29 May 2009
Metro Shopping Fund’s Southside Shopping Centre in Wandsworth, south London, has signed Subway in a 1,350 sq ft unit on a five-year lease, and Coffee Republic in a 1,400 sq ft unit on a 15-year lease.
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Warner's seven up in Manchester
29 May 2009
Warner Estate Holdings has signed seven lettings at its Market Place and Middleton shopping centres near Manchester
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LandSecs picks three agents for Livingston
28 May 2009
Land Securities has appointed three joint lettings agents for its recently extended shopping centre in Livingston.
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Muse gets £15m Manchester hotel consent
28 May 2009
Muse Developments has secured planning permission for a £15m hotel in Manchester city centre.
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Orchard Street buys Bournemouth retail park
28 May 2009
Orchard Street Investment Management has bought Mallard Road Retail Park in Bournemouth for £25.5m for its Special Situations Fund.
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Southampton green-light for 25-storey hotel and flats
27 May 2009
Southampton City Council has approved planning permission for what would be one of the city centre’s tallest building.
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Maximus gets fired up for £175m scheme in Derbyshire
27 May 2009
Maximus, the Worcestershire-based developer, has got the green light for a major £175m regeneration scheme on a former coal mine in Derbyshire.
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Designers Hemingway launch pop-up shop
27 May 2009
Designers Wayne and Gerardine Hemingway MBE have launched a new pop up shop – a temporary shop - outside the Mayor’s City Hall in London.
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Next to expand in Woking
27 May 2009
UK fashion and homewares retailer Next is to double its presence at Peacocks Shopping Centre in Woking.
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John Lewis reveals new name for electrical and homeware format
26 May 2009
John Lewis is to call its new electrical and homewares chain John Lewis at Home.
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Few willing sellers in the European hotel market
26 May 2009
The European hotel market has seen few deals transact due to a lack of willing sellers, according to the latest Hotel Investor Sentiment Survey (HISS) from Jones Lang LaSalle Hotels.
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Capital & Regional to raise £50m equity for X-Leisure Unit Trust
26 May 2009
Capital & Regional plans to raise around £50m of equity for the X-Leisure Unit Trust through an open offer to its existing unitholders in a bid to ‘strengthen the financial position of the fund’.
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London's West End attracts 500,000 shoppers on May Bank Holiday
26 May 2009
London’s West End this bank holiday weekend saw a record number of May Bank holiday visitors on the first ever spring traffic-free day on Oxford Street.
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Audit Commission praises Medway £6bn regeneration programme
22 May 2009
The Audit Commission has praised Medway’s £6bn regeneration programme by giving it the highest rating ever received by a local authority.
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Blacks Leisure Group in debts talks with Lloyds Banking Group
22 May 2009
Blacks Leisure said it is in talks with Lloyds Banking Group about devising a financial structure that will allow it to ‘accelerate both the exit of the loss-making Boardwear business and the development of its Outdoor store portfolio’.
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David Smith to leave Land Securities
22 May 2009
David Smith is to leave Land Securities in Scotland after 23 years at the company, most recently as leasing director.
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Carluccio's, YO! Sushi and patisserie Valerie to go to Bristol's Cribbs Causeway
22 May 2009
The Mall at Cribbs Causeway has lured restaurant brands for its The Avenue dining area in the regional shopping centre near Bristol.
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Aberdeen’s Bestsellers
22 May 2009
Danish fashion brand Bestseller has signed up in Aberdeen and Leicester for dual-branded shops to house both its Jack & Jones and Vero Moda brands
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Area Property stops Aviva at the Junction
22 May 2009
AREA Property Partners is taking over the fund management of the Junction retail warehouse fund from Aviva Investors, following its £50m equity injection into the fund, which completed last week
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Costa calls into Dundee
22 May 2009
Costa Coffee is taking the main cafe, totalling 2,676 sq ft, at Lend Lease’s Overgate shopping centre in Dundee at £80,000 a year
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DSGi’s electrical new strategy
22 May 2009
Electrical chain DSG International this week presented its new property strategy for the UK to property agents at CB Richard Ellis’s London headquarters
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Hamleys makes a play for Glasgow’s St Enoch
22 May 2009
Toy retailer continues expansion with stores in Glasgow and Cardiff
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London & Stamford to back LandSecs winner
22 May 2009
Property company in talks for Racecourse Retail Park in Aintree
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No bargains for Local Shopping
22 May 2009
Local Shopping REIT suffered a 37.5% plunge in its net asset value in the six months to 31 March
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Paperino’s fourth Glasgow outlet
22 May 2009
Paperino’s has secured its fourth restaurant in Glasgow city centre at 78 St Vincent Street, paying £80,000 a year
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Rinku picks up Bay Trading
22 May 2009
Fashion wholesaler and retailer Rinku Group has bought 45 Bay Trading stores and 85 concessions of the 175-store fashion chain, which went into administration last month
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Tesco mixes it up in Bromley
22 May 2009
Tesco opened a store in Orpington, Bromley, this week as part of a mixed-use development designed by Michael Aukett Architects
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X-Leisure fund to restructure
22 May 2009
Capital & Regional said this week it expected to provide details of the refinancing and restructuring of its X-Leisure fund ‘in the next two weeks’
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Birthdays retail chain goes into administration
21 May 2009
Clinton Cards has placed Birthdays into administration after it said it could not continue to support the loss-making subsidiary which had ‘little prospect of generating a profit in the near future’.
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Two new tenants at Glasgow’s Rutherglen
21 May 2009
Cairnduff Developments has secured two new tenants at its 90,000 sq ft Rutherglen shopping centre.
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Modus’s Wigan Grand Arcade shopping centre in administration
20 May 2009
The company set up to own Modus’s Wigan Grand Arcade shopping centre has been put into administration.
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JD Sports buys French sports chain Chausport
20 May 2009
Sports retailer JD Sports Fashion has acquired 100% of the entire issued share capital of French sporting goods chain Chausport for a total cash consideration of €8m.
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TK Maxx Piccadilly store court case brought forward
19 May 2009
The battle that is emerging from the Crown Estate’s decision to veto a letting to TK Maxx on Piccadilly Circus is set to hit the court earlier than expected at a trial in September.
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Bay Trading bought by fashion wholesaler
19 May 2009
Bay Trading, the 175-store young fashion chain which went into administration last month, has been bought by Rinku Group.
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Prupim wants to deliver Wholesale Markets by 2012
19 May 2009
Prupim has set a deadline for delivery of the relocation of Birmingham’s Wholesale Markets to its Hub scheme in the city for January 2012, if the planning process goes smoothly.
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Tesco opens green store in Orpington
19 May 2009
Tesco has opened a 'green' store in Orpington this week as part of a mixed use development designed by Michael Aukett Architects.
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Neptune submits plans for New Brighton waterfront
19 May 2009
Neptune Developments, advised by NJL Consulting, has submitted a planning application for a 45-acre mixed use site in New Brighton on the Wirral which will be home to a 66-bed hotel, a Morrison’s supermarket, 1,000-seat cinema and a number of bars and restaurants.
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JLH sees long-term future in love hotels
18 May 2009
A British company aims to raise up to £50m to fund an unprecedented buying spree of Japan's 'love hotels' - exotic hostelries that have, for decades, offered convenience and fantasy to couples at a competitive hourly rate.
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Michel Roux Jnr to open restaurant in Parliament Square.
15 May 2009
Michelin-starred chef Michel Roux Jnr (far right) is to open a restaurant at the RICS’s headquarters in London’s Parliament Square.
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Scottish Property Awards 2009 video
15 May 2009
Around 450 members of the property industry gathered at Edinburgh's International Conference Centre to celebrate the achievements of Scotland's key players in one of the country's most difficult years.
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Agents appointed to Victoria shopping centre in Harrogate
14 May 2009
Savills and Leeds-based Fawley Watson Booth have been appointed joint letting agents on the Victoria shopping centre in Harrogate.
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Boris Johnson rejects Queen’s Market plans
14 May 2009
The mayor of London Boris Johnson today directed Newham Council to refuse planning permission for St Modwen’s plans to redevelop Queen’s Market in Upton Park.
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Louis Vuitton opens at Westfield London
14 May 2009
Designer Louis Vuitton has opened its long awaited store at Westfield London, the 1.6m sq ft shopping centre in west London.
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USS buys Plymouth retail park
13 May 2009
Universities Superannuation Scheme (USS) has bought Marsh Mills retail park in Plymouth from Aviva Investors for £27.5m.
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Birmingham Council approves Wholesale Markets move
13 May 2009
Birmingham Council has signed off the £100m relocation of the Birmingham Wholesale Markets to Prupim’s The Hub development in the city.
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Hammerson sells last German shopping centre
13 May 2009
Hammerson has exchanged contracts for the sale of Forum Steglitz shopping centre in Berlin to Europa Capital Partners for €70m in a sale that will mark its exit from the German market.
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Large digital screens must be carefully managed says CABE and English Heritage
12 May 2009
Local authorities must have robust policies in place to manage the impact of large digital screens in public places or it could cause ‘significant harm to the character, appearance, amenity and even safety of places’ according to CABE and English Heritage.
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Liverpool approves Central Village development
12 May 2009
Liverpool City Council planners today approved two applications to give the go ahead for £160m Central Village development.
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TK Maxx: the public's view
12 May 2009
Following the Crown Estate’s decision to refuse permission for a TK Maxx shop to open in the former Virgin Megastore at Piccadilly Circus, Property Week visited the area to found out what shoppers, tourists and local workers think.
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Tesco signs up at Lancashire’s Buckshaw Village
11 May 2009
Tesco has signed up to anchor a £35m leisure scheme in Lancashire which is part of the Buckshaw Village development in Chorley.
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Guy Grainger's Eye on retail (video)
11 May 2009
Guy Grainger, Jones Lang LaSalle’s head of retail, spoke to Property Week about how landlords and retailers are faring in 2009.
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Shakeaway and Shakeabout settle legal dispute
8 May 2009
Milkshake operators Shakeaway and Shakeabout have today settled their case in the High Court.
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Deramore Property Group receives planning permission for Edinburgh ‘pearl’
8 May 2009
Belfast-based Deramore Property Group has received full planning permission from the City of Edinburgh Council for its proposed redevelopment of 121-123 Princes Street, Edinburgh.
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Mandarin Oriental Hotel unveils plans for its first Moscow hotel
8 May 2009
The luxury Mandarin Oriental Hotel chain has unveiled its plans for its first five-star hotel development in Moscow, Russia.
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SWIP buys Leamington Spa House of Fraser store
8 May 2009
BL Fraser has sold the House of Fraser store in Leamington Spa, Warwickshire to Scottish Widows Investment Partnership (SWIP) for £13.5m representing a net yield of 8.43%.
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Taunton shopping centre to get makeover
8 May 2009
Kirkstone Property Ventures has revealed plans for a retail scheme in Taunton.
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Argos catalogues MFI shop
08 May 2009
F&C Reit Asset Management, on behalf of landlord BEGG Nominees, has let the 10,000 sq ft former MFI furniture store in Barrow-in-Furness, Cumbria, to Argos on a 15-year lease.
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Bay Trading to be broken up
08 May 2009
Bay Trading, the fashion retailer that went into administration last month, will be broken up and sold
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Carrefour seeks to raise £1bn
08 May 2009
French supermarket giant Carrefour is preparing to sell a significant part of its property portfolio as it goes into expansion mode
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Celebrity hangout Chinawhite plans to reopen
08 May 2009
Chinawhite, the fashionable London nightclub, is to reopen after taking on a former Novus Leisure site close to Oxford Circus
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CWM’s magic number
08 May 2009
CWM has won and retained a trio of leasing instructions in London
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Eroski invites investors to check out assets …
08 May 2009
Spanish retailer prepares sale and leaseback of up to 150 supermarkets
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Green saddled with empty shops burden
08 May 2009
Administrators for Arcadia tenants hand back closed-down stores
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Haz takes 20-year lease at 150 Cheapside
08 May 2009
Turkish restaurant chain Haz has taken a 5,085 sq ft unit for its fifth restaurant at 150 Cheapside near St Paul’s Cathedral in the City of London on a 20-year lease with five-yearly rent reviews
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Hong Kong restaurant Aqua to debut on Regent Street
08 May 2009
Shearer Property Group and Delancey have signed up Michelin-starred Hong Kong restaurant Aqua to make its European debut on the rooftop of the former Dickins & Jones store on Regent Street in central London.
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Jumeirah and MAB go Deutsch
08 May 2009
Dubai-based hotelier Jumeirah and Dutch property company MAB have teamed up to develop a five-star hotel in Frankfurt
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King Sturge to manage outlet mall
08 May 2009
UBS Triton Property Fund has appointed King Sturge’s shopping centre team to manage its 170,000 sq ft Springfields Outlet Shopping centre in Spalding, Lincolnshire.
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Three aboard at Ocean Terminal
08 May 2009
Clothing retailers Ness Clothing and Superdry and whisky specialist the Whisky Shop have signed for 1,026 sq ft, 6,000 sq ft and 495 sq ft respectively at Ocean Terminal in Edinburgh
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Union in Dutch retail debut
08 May 2009
Union Investment has bought a €29m parade of shops in the Netherlands – its debut retail investment in the country
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Westfield service charge reduced
08 May 2009
The highly disputed service charge at Westfield London will be reduced following a review.
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Westfield unveils plans for Merry Hill food court
08 May 2009
Westfield has unveiled plans for a £24m food court, Eat Central, at its Merry Hill shopping centre in the West Midlands
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Bluewater’s bank holiday benefits from summer shopping
7 May 2009
Kent shopping centre Bluewater reported a higher number of May Bank holiday visitors than last year as shoppers prepare for a sun-soaked summer.
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Plans made for hotel close to Clapham Junction station
7 May 2009
Oak Trading Company, part of Redwood Property Group, has applied for detailed planning consent for a 16 storey hotel development adjacent to Clapham Junction Station.
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John Lewis to open new concept
7 May 2009
John Lewis is launching a new shop format to focus on the home and electrical sector.
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Westfield unveils food court at Merry Hill
6 May 2009
Westfield has unveiled plans for a £24m food court, Eat Central, at its Merry Hill shopping centre in the west Midlands.
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Ross Goobey lecture hears of 'green shoots'
6 May 2009
The inaugural Alastair Ross Goobey Memorial lecture heard last night that confidence is slowly returning to the property sector, but rising unemployment will threaten the recovery of retail.
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St Modwen agrees new Elephant & Castle market lease
6 May 2009
St. Modwen, owner of Elephant & Castle shopping centre in Southwark, has agreed a five-year lease with Elephant & Castle’s market owners Urban Space Management (USM).
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Green light for south-west’s tallest building in Plymouth
5 May 2009
Devington Homes has won planning consent to build the south-west’s tallest building as part of its £89m Oceanique scheme in Plymouth.
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Peer plans supermarket scheme in Redhill
5 May 2009
London based Peer Group plans the redevelopment of Cromwell Road and High Street in the centre of Redhill.
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Quintain sells Wembley hotel into joint venture
1 May 2009
Quintain Estates and Development has created a joint venture with hotel company Summit Hotels to develop a hotel in Wembley.
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CBRE and CWM win Covent Garden letting job
1 May 2009
Covent Garden London, Capital & Counties company that owns the London landmark, this week appointed CB Richard Ellis and CWM as leasing agents on the scheme.
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Bullish brands continue global expansion
01 May 2009
Fashion retailers such as Desigual and Mango, and entertainment retailer Game attempted to maintain a more philosophical momentum and unveiled global expansion plans at the ICSC conference last week
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Cap & Reg 'well on the way' to stability, says chief exec
01 May 2009
New equity raising and amended banking terms for X-Leisure fund to secure company’s future
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Crown picks CWM for Sogo store
01 May 2009
The Crown Estate has drafted in agent CWM to advise it on the former Virgin Megastore and Sogo unit at Piccadilly Circus
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Dutch fashion group seeks to make UK Sting
01 May 2009
Dutch young fashion chain the Sting has hired Harper Dennis Hobbs to search for stores for its UK debut
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Land Securities sets up shops
01 May 2009
Landlord to act as ‘venture capitalist’ backer to retailers
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Landlords' reprieve for JJB Sports
01 May 2009
JJB Sports has succeeded in persuading creditors to vote for a company voluntary arrangement (CVA) this week, thereby securing the future of the sportswear retailer
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Liberty raises £592m to take property cash calls past £3bn
01 May 2009
REIT strengthens financial position, in footsteps of Hammerson, British Land, LandSecs and Segro
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No finance for new shopping centres until end of 2010
01 May 2009
Soc Gen, Deutsche Bank and ECE lament ‘uncontrolled expansion’ of shopping centres
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Sainsbury's Locals zero in on Britain's high streets
01 May 2009
Supermarket targets 150 new convenience stores and seeks property leader for division
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Vue Entertainment to replace Cinema de Luxe at Westfield London
30 April 2009
Vue Entertainment, the cinema operator, has replaced rival Cinema de Luxe to open a upmarket cinema at Westfield London.
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Giant cake cut to celebrate West End retailers' birthdays
30 April 2009
The world's biggest Spongescraper – a 5 foot by 5 foot cake of London - was revealed in London’s West End today.
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London & Associated reports 55% NAV fall
30 April 2009
London & Associated Properties, the listed retail investor, suffered a 55% drop in its net asset value last year.’
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Hammerson, Disney, Deloitte, Mishcon de Reya and Crabtree & Evelyn join the line-up for Property Week’s Retail Summit
30 April 2009
Hammerson’s David Atkins and Deloitte’s Lee Manning will join property industry leaders at Property Week’s Retail Summit, sponsored by CBRE, at Le Méridien Piccadilly on 22nd May.
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Voids hit Hammerson's income
30 April 2009
Hammerson’s yearly rental income has dropped by £1.6m, largely as a result of retail tenants going into administration.
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Land Securities sells £83m from its retail portfolio
29 April 2009
Land Securities has completed the sale of £83m of retail assets from its shopping centre and retail warehouse portfolios.
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Shopping centre development uncertain
29 April 2009
The uncertainty of developing shopping centres was emphasised by Westfield’s John Burton at the British Council of Shopping Centres’ breakfast lecture today.
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HMV clear to take over 15 Zavvi music shops
29 April 2009
The Office of Fair Trading has cleared the proposed acquisition of 15 former Zavvi music stores by HMV.
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Stanhope’s City scheme at 8-10 Moorgate recommended for approval
29 April 2009
Stanhope’s plans for a major development at 8-10 Moorgate in the City of London have been recommended for approval.
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Sainsbury’s grows market share, while Tesco’s falls
28 April 2009
Sainsbury’s was the best performer of the ‘big four’ supermarkets in the latest market share figures for the grocery sector.
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PMG buys out Cap & Reg in Cardiff City retail scheme
28 April 2009
Welsh property developer PMG Estates has bought out Capital & Regional’s share in Capital Shopping Park, next to Cardiff City’s new football stadium.
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Retail administrations up 102%
28 April 2009
The retail sector is bearing the brunt of declining consumer confidence, with administrations up 102% on the same period last year, according to Deloitte.
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Orchard Street plans to extend outlet centre at Gretna Green
28 April 2009
Orchard Street Investment Management plans to extend its 125,000 sq ft Outlet Centre at Gretna Gateway and has signed up retailer Marks & Spencer for a further 10 years.
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Whitbread meets forecasts and plans further openings
28 April 2009
Whitbread, the hotel to restaurant operator, had a strong year and is committed to opening 2,000 rooms in 2009/10.
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Creditors of JJB approve CVA plan
27 April 2009
Sports retailer JJB has won its bid for a company voluntary arrangement today - securing the future of the business.
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Recession 'will change the way we lease property'
27 April 2009
CBRE Executive Director of Retail David Kenningham believes the current economic downturn could change the way retail property is leased in the future.
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JJB’s future decided today
27 April 2009
The creditors of sports chain JJB Sports will meet today to decide its fate.
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Bay Trading has gone into administration
24 April 2009
Bay Trading’s parent Alexon today said it had put the women's fashion chain into administration.
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Crown Estate refuses TK Maxx's Piccadilly store
24 April 2009
Discount retailer TK Maxx has been refused permission to take a unit at Piccadilly Circus by freeholder The Crown Estate.
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Boultbee lands Swedish scheme funding as chairman buys Spitfire
24 April 2009
Private investor Boultbee, led by brothers Steve and Clive Boultbee-Brooks, has this week secured long-term funding for its schemes in Sweden.
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Cilantro signs up at Qube
24 April 2009
Egyptian coffee shop Cilantro is to open its second London store, at Derwent London’s Qube building on Tottenham Court Road.
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Designers sign at Grand Arcade
24 April 2009
Grosvenor and Universities Superannuation Scheme (USS) have signed three retailers to their Grand Arcade scheme in Cambridge.
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JJB Sports faces CVA vote
24 April 2009
JJB Sports will hold a vote for its creditors on Monday on whether to accept proposals for a company voluntary arrangement (CVA).
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Liverpool gets Base2stay
24 April 2009
Limited-service hotel concept, Base2stay, is to start construction on its second hotel in the UK, in Liverpool.
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Morston Assets buys Wigan MFI
24 April 2009
Morston Assets has bought a 29,950 sq ft MFI shop at Chapel Lane, Wigan, for £1.01m, equating to £33/sq ft.
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Ollie & Nic store in Wales
24 April 2009
Accessories store Ollie & Nic is to open its first store in Wales, at St David’s 2 in Cardiff, in October.
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Pasties for Stratford and Rugby
24 April 2009
Oxfordshire-based the Tin Miner’s Pasty Company has opened a 650 sq ft store in Stratford-upon-Avon and a 330 sq ft shop in Rugby, both on five-year leases at a rent of around £25,000 a year.
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Poundland sees value in Stafford
24 April 2009
Poundland has taken 6,170 sq ft at units 1-4, Guildhall shopping centre in Stafford from Glanmore on a 10-year lease at £150,000 a year.
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Quest for George’s fifth retail kingdom begins
24 April 2009
Next and George at Asda creator Davies appoints CBRE to search for sites
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Ryde into a Sainsbury’s
24 April 2009
Ryde Docklands has bought a Sainsbury’s on Tewksbury Road in Cheltenham for around £40m – a net initial yield of 6.2%.
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Spinningfields bags luxury retail brands
24 April 2009
Allied London’s Manchester scheme signs up Joseph, Prada and Mulberry
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State gives support to small firms
24 April 2009
Chancellor Alistair Darling unveiled a state guarantee scheme to underpin credit insurance for small firms – including retailers – and support smaller businesses during the recession.
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Superdry dives into Bluewater
24 April 2009
Superdry, the young fashion brand, has signed up for a flagship store at Bluewater shopping centre in Kent as part of its UK and Europe expansion programme.
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Swansea and Glasgow get A-Wear
24 April 2009
A-Wear, the Irish fashion retailer, is to open concessions in Debenhams’ Swansea and Glasgow branches.
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Thumbs-up at Canning Town
24 April 2009
The London Thames Gateway Corporation, Greater London Authority and London mayor Boris Johnson have approved English Cities Fund and Newham Council’s plans to redevelop Rathbone Market in east London’s Canning Town.
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Trinity Leeds scheme delayed until 2012
24 April 2009
Land Securities and Caddick Developments have said their 1m sq ft Trinity Leeds retail scheme in Leeds city centre will not open until Christmas 2012.
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White River sees value in lettings
24 April 2009
White River Developments has signed Peacocks and Bonmarché to its White River Place scheme in St Austell.
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Kew retail park sale completed
23 April 2009
UK Commercial Property Trust, managed by Ignis Asset Management has completed the purchase of Kew Retail Park from Henderson UK Retail Warehouse Fund.
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Lend Lease and Southwark Council '100%' committed to Elephant and Castle
23 April 2009
Lend Lease and Southwark Council’s exclusivity agreement for the £1.5bn redevelopment of Elephant and Castle in London expires on 1 July, but the council remains ‘100% confident’ in the partnership, it said today.
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Budget 2009: Industry uproar over budget
22 April 2009
The property industry has reacted furiously to a budget that ‘ignores’ the industry.
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Sainsbury’s gets go ahead for larger stores in Greater Manchester
22 April 2009
Sainsbury’s has won three planning consents in the Greater Manchester area this month.
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Southend-on-Sea reveals plans for garden
22 April 2009
Southend-on-Sea has revealed plans for its Warrior Square Gardens, one of the few green spaces within central Southend.
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St Modwen alights on Taunton’s Firepool scheme
21 April 2009
Taunton Deane Borough Council has picked St Modwen as its preferred development partner for the £270m Firepool scheme.
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Gazeley completes George’s Leicestershire HQ for Asda
21 April 2009
Gazeley has completed a new £12.2m headquarters for Asda’s clothing range George in Leicestershire.
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Tesco slows down plans for large projects in the UK
21 April 2009
Tesco, Britain's biggest supermarket chain, has reduced spending on new schemes and stores in a bid to reduce its costs in the recession.
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Orchard Street completes two deals with RBS funding
20 April 2009
Orchard Street UK Special Situations Fund has completed the purchase of two retail assets in Southend and Chelmsford.
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Three sign for Grosvenor’s Cambridge scheme
20 April 2009
A joint venture between Grosvenor and the Universities Superannuation Scheme (USS) has signed three retailers to its Grand Arcade scheme in Cambridge.
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Go-ahead for Rathbone Market
20 April 2009
The London Thames Gateway Corporation, Greater London Assembly and London Mayor Boris Johnson have given the green light for the English Cities Fund and the London Borough of Newham’s plans for the redevelopment of Rathbone Market in London’s Canning Town.
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Business rates increases could 'destroy' 19,300 jobs says BRC
20 April 2009
Planned business rates increases could 'destroy an extra 19,300 jobs and kill off an additional 582 retail businesses, according to an analysis by the British Retail Consortium (BRC) on the economic impact of business rates increases.
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St Modwen to focus on 'cost control'
17 April 2009
St Modwen said its focus this year would be ‘cash management and cost control’ and it would continue to take decisions to ensure the business operates within its banking covenants.
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Prepacks may be retail’s least worst option
17 April 2009
Talking shop, with Fiona Hamilton
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General Growth Properties files for US’s biggest ever bankruptcy protection
16 April 2009
General Growth Properties (GGP), the US’s second largest shopping centre owner, has filed for bankruptcy protection with $27bn (£18.1bn) of debt.
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St Modwen's £100m Upton Park scheme recommended for consent
16 April 2009
Newham Council planning officers have recommended planning consent be granted for St Modwen’s proposed £100m redevelopment of London’s Queen’s Market.
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New shopping centres across Europe delayed and cancelled
16 April 2009
More than 75m sq ft of planned shopping centre development in Europe has been put on hold or cancelled as a result of the credit crunch, says Cushman & Wakefield.
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Who is Scotland's Retailer of the Year?
15 April 2009
Readers in Scotland are invited to vote for the whole of April to find the retailers of the year in Scotland.
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Southampton’s Watermark West Quay plans get go ahead
14 April 2009
Hammerson's plans for a development in Southampton city centre have been given outline planning consent.
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Two million shoppers visit London’s West End
14 April 2009
London’s West End saw more than 2 million shoppers visit over the Easter Bank Holiday weekend.
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UK favourite with overseas retailers
14 April 2009
The UK is the country which attracts the most international retailers, with 58% of non-UK retailers surveyed present in the country, according to CB Richard Ellis’s second annual cross border retail survey.
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Travelodge buys Purple hotels out of administration
14 April 2009
Travelodge buys Purple hotels out of administration
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BRC calls for government to tackle empty shops
14 April 2009
British Retail Consortium (BRC) said the government should be doing more to keep high streets ‘productively occupied’ and that temporary uses is not the answer.
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Oxford Circus gets new crossing
14 April 2009
A pedestrian crossing for one of the world's busiest intersections is to be created at Oxford Circus.
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Frasers plans luxury apart-hotel in Edinburgh
14 April 2009
Frasers Property has unveiled plans for 121 luxury serviced apartments in Edinburgh.
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Recession eased in March says Savills
14 April 2009
The effects of the recession showed signs of easing in the commercial property sector in March, according to Savills.
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Drivers Jonas to advise on Leadenhall Market rent reviews
9 April 2009
Drivers Jonas’s retail lease advisory team has been instructed as the sole agent on the 2009 retail rent reviews and 2009/2010 lease renewals for the City of London’s historic Leadenhall Market.
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Bank of England holds interest rate at 0.5%
9 April 2009
The Bank of England has held interest rates at 0.5% today.
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Hillbrooke Hotels gets fourth hotel
9 April 2009
Hillbrooke Hotels has bought Master Builder’s House Hotel in Buckler’s Hard, in the New Forest National Park from Lord Montagu’s Beaulieu Estate .
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Sainsbury’s joins Multi’s scheme in Bath
9 April 2009
Multi Development, the Dutch developer, and Aviva Investors have signed Sainsbury’s at its SouthGate scheme in Bath.
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Volkswagen Group signs in Tamworth
9 April 2009
Royal London Asset Management , advised by Strutt & Parker, has agreed a pre-let with Volkswagen Group for a vehicle dealership building.
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Putting the House in order
09 April 2009
House of Fraser chairman Don McCarthy speaks to Eric Musgrave about landlords, leases and Baugur
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Retail leases need updating
09 April 2009
Sir, Your article – BPF says landlords and retail leaders must work together – (PropertyWeek.com, 26.03.09) suggests retailers’ staff expenditure dwarfs their property costs
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Southwark Council approves library plans at Canada Water
8 April 2009
Southwark Council has moved forward with its plans to develop a library in Canada Water after signing a £13.7m construction contract with ISG Jackson this week.
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New Look's Wrigley to step down to non-exec
8 April 2009
New Look chairman Phil Wrigley has stepped down from his executive duties and become non-executive chairman of the fashion retailer.
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Tesco gets go ahead for Cardiff store
8 April 2009
Tesco has got the go ahead for a store at St Mellons District Centre in Cardiff.
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Plans to be lodged at Liffey Valley town centre
7 April 2009
Barkhill, a joint venture between Grosvenor and property company O’Callaghan Properties, and Aviva Investors are to lodge a planning application for Liffey Valley Town Centre.
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High Court rules Van De Berg dishonest over Wetherspoon’s deals
7 April 2009
Christian Braun and his property consultancy Van de Berg & co Ltd dishonestly used confidential information to sell properties to rival companies whilst exclusively working for JD Wetherspoon, the High Court found today.
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JJB reveals details of CVA plans
7 April 2009
JJB Sports, the sports retailer, has posted detailed plans of its proposed Company Voluntary Arrangement today.
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Miss Sixty part rescued by CVA
7 April 2009
Sixty UK, the trading company for Miss Sixty and Energie clothing brands in the UK, has agreed with its creditors to complete a Company Voluntary Arrangement (CVA) to save part of the business.
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Barton Finch and Tesco submit Fulham High Street plans
7 April 2009
Developer Barton Finch and Tesco have submitted plans for a mixed use scheme on Fulham High Street in London.
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Area to rescue Junction fund as retail parks suffer
7 April 2009
Area Property Partners, a US fund, is to recapitalise the UK’s largest retail park fund, the £734m Junction fund, to help prevent it breaching the terms of its banking agreements.
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Retail landlords agree cost cut plan
6 April 2009
Some of Britain’s biggest landlords have agreed a plan to cut costs by up to 20% and pass these savings on to retailers in the latest move to ease the beleaguered high street’s burden from property costs.
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Warner sells St Johns Wood
3 April 2009
Warner Estate Holdings has sold its St Johns Wood High Street estate for £39m.
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Shaftesbury's MacDonald dies
3 April 2009
Shaftesbury non-executive director Alastair MacDonald has died.
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Southwark Council approves Tate Modern extension
2 April 2009
Southwark Council’s planning committee last night approved plans for the extension to the Tate Modern.
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Property investor confidence improves says Jones Lang LaSalle
2 April 2009
The deterioration in property investor confidence improved slightly in the first quarter of this year, according to Jones Lang LaSalle.
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Library of Birmingham designs revealed
2 April 2009
Leader of Birmingham City Council Mike Whitby has today revealed the design of the new £193m library for the city.
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RICS set to raise global valuation standards
1 April 2009
The RICS plans to launch a global consultation to develop an enhanced regulatory framework for valuation that it said will raise professional standards, improve confidence for clients and help secure the accurate valuations that underpin most economic activity.
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Tottenham adds to stadium plans
1 April 2009
Premiership football club Tottenham Hotspur has released new plans for its new 58,000-seat stadium on Tottenham High Road.
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St David’s 2 close to 55% let
31 March 2009
St David's 2, the Cardiff shopping centre, has signed up 14 retailers taking it to close to 55% let ahead of opening in the autumn.
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Two new retailers for Bury St Edmunds
31 March 2009
Bury St Edmunds has signed up two new retailers for its arc shopping centre in the town.
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St Modwen in talks over £35m Longbridge contribution
31 March 2009
St Modwen and two local councils are negotiating over the £35m contribution to infrastructure works the developer is due to make as part of its regeneration plans at former MC Rover Works site at Longbridge, near Birmingham.
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Halabi shopping centre placed in hands of LPA receiver
31 March 2009
Merseyway shopping centre, owned by a subsidiary of property investor Simon Halabi, is being managed by LPA receivers.
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Development Securities: 'Disappointing results' and Oriental City deal collapses
31 March 2009
Development Securities has appointed an LPA receiver to repossess its North London Colindale site after failing to receive the final payment from the £68m deal.
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Westfield unveils more luxury brands in London
31 March 2009
Westfield has unveiled three upmarket brands for its Westfield London shopping centre.
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New Look for Bath
31 March 2009
New Look, the fashion retailer, has signed up for a 20,000 sq ft store in Bath.
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Government-backed developer toolkit launched
31 March 2009
A government-backed scheme has launched a ‘culture, sport and planning toolkit’ to aid the introduction of sport and culture facilities into regeneration developments.
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Newcastle regeneration to restore ‘heartless land’
30 March 2009
Metnor Property Group has produced a masterplan for the redevelopment of a derelict site in Newcastle-upon-Tyne.
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Brum Council buys Pallasades shopping centre
30 March 2009
Birmingham City Council has exchanged contracts to buy the Pallasades shopping centre in Birmingham from Warner Estate Holdings for £91m.
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Lebanese property company confirms West End deal
30 March 2009
Lebanese investment company M1 Group has confirmed its purchase of Times Place in London’s West End.
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£100m mixed-use development for Newry unveiled
30 March 2009
The Hill Partnership has submitted a planning application for a £100m mixed use development at Carnbane Way in Newry, Northern Ireland.
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Westfield London hits 10m visitor mark
30 March 2009
Westfield London, the 1.6m sq ft shopping centre in west London received its 10 millionth visitor this weekend since the centre opened five months ago.
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Netto to open greener stores
27 March 2009
Discount supermarket chain Netto is rolling out a new store design.
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'No surprise administrations' on quarter day, says DTZ's Chase (video)
26 March 2009
Despite concern 'quarter day' - when retailers are due to make their latest quarterly rental payment - could result in a number admitting financial problems, DTZ's Martyn Chase is not expecting any surprise bad news.
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JJB opts for CVA and sells Fitness Clubs for £83.4m
26 March 2009
Beleaguered high street retailer JJB is to enter into company voluntary arrangements (CVA) with around 140 landlords over its closed stores.
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UK hotels rate drops for first time in four years
26 March 2009
Visits to hotels in the UK have fallen for the first time in four years as room rate is predicted to fall in 2009 according to the Hotel Britain 2009 report revealed this week.
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Portsmouth FC delays Sellar stadium kick-off
25 March 2009
Portsmouth Football Club has delayed its plans to develop a new stadium and 750 homes with Irvine Sellar’s Sellar Property Group.
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Waldeck Capital launches Global Hospitality Recovery Fund
25 March 2009
Waldeck Capital, the luxury hotel developer, plans to launch a hotel investment fund with E500m to spend.
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Private investor buys Tesco shed
25 March 2009
Invista Real Estate Investment Management has sold a warehouse in Bolton, Lancashire, let to Tesco, to a private investor for £11.9m.
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Yorkshire entrepreneur Bramall adds to growing Leeds portfolio
25 March 2009
Leeds businessman Tony Bramall is set to add to his growing portfolio of opportunistic property purchases after exchanging contracts for two properties in Leeds.
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BRC blames quarter rent day for retail failure
25 March 2009
The British Retail Consortium said today will be the toughest quarterly rents payments day for at least 18 years.
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Jessops promises it will pay rent in full and on time
24 March 2009
Jessops, the camera retailer, has confirmed it will pay its rent in full and on time this week.
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Westfield London gets five more retailers
24 March 2009
Westfield, the world’s largest shopping centre owner, has signed up five retailers at its Westfield London shopping centre.
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Kitchen La Frenais Morgan wins three new letting instructions
24 March 2009
Retail agent Kitchen La Frenais Morgan has been appointed letting agent on three new schemes.
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Private family buys Birmingham shopping centre
23 March 2009
A private investment family has bought the Sheldon Shopping Centre in Birmingham for £8.25m.
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Rent day piles pressure on retailers
23 March 2009
Struggling retailers face a multimillion-pound rental payment on Wednesday that could lead to a fresh wave of administrations in the sector unless they are able to secure last-minute rescue deals.
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Oxford GB secures consent for Leeds hotel
20 March 2009
Developer Oxford GB has secured planning permission to develop a 244-bed hotel development in Leeds city centre.
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Howard Holdings' Weymouth scheme abandoned
20 March 2009
Weymouth’s plans for a wide ranging regeneration of its 2012 Olympic site have been dealt a blow after a vehicle set up to deliver a £135m pavilion and ferry project was wound down yesterday.
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Terrace Hill secures planning consent for Durham and Cornwall schemes
20 March 2009
Terrace Hill has secured planning permission for two major retail and leisure schemes in Durham and Cornwall.
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Travelodge expands to the tune of £77m
19 March 2009
Budget hotel chain Travelodge has exchanged on 12 new hotels at a combined investment value of £77m.
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Robert Dyas pushes for monthly rents
17 March 2009
Hardware chain Robert Dyas is in negotiations with its landlords about switching to monthly rents to cope with the tough retail conditions.
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CB Richard Ellis’s retail team to advise Barratts Priceless
17 March 2009
CB Richard Ellis’ UK retail team has been appointed by the newly formed Barratts Priceless to advise on the renegotiation of 160 leases on stores bought from administrator Deloitte.
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JJB Sports extends ‘standstill’ agreement and explores ‘solvent restructuring’ options
17 March 2009
JJB Sports has agreed a further extension of the standstill arrangements with its lenders as it continues to progress the disposal of its fitness clubs business.
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West End retail outperforms UK again in February
17 March 2009
London’s West End retail market outperformed the rest of the UK again for the month of February, said the New West End Company.
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Philip Green's stepson in property debut
13 March 2009
Brett Palos teams up with Matterhorn to buy north London’s O2 Centre
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10 ways to leave your landlord
13 March 2009
Is your rent too high? Lease too long? Laura Chesters looks at how retailers are getting out of their stores and throwing back the keys
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AMF bowls into Hampshire
13 March 2009
AMF Bowling opened a 20-lane 25,225 sq ft bowling alley yesterday in an extension to the Swan Centre in Eastleigh, Hampshire
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Battle of the binge
13 March 2009
In clubs, rowdy behaviour is up and takings are down as punters save money by tanking up beforehand. One Kent club owner is taking a more sober approach
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Hammerson reveals its asset management secrets
13 March 2009
Landlord tells BCSC conference how it is increasing income as values plummet
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In the knicker time
13 March 2009
Bras, pants, blusher and lip gloss are helping some retailers ride out the recession
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Mexican wave
13 March 2009
Things are hotting up on the high street for a fledgling fast-food chain
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Over-rented Britain
13 March 2009
Recession has brought a stand-off between tenants and landlords over subleasing. Now there are calls for a change in the law
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Ready to kick assets
13 March 2009
While many property firms struggle in the recession, Chris Willans and Adrian Oliver believe their investment group Vale Retail is well positioned to grow
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Retail + leisure
13 March 2009
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Time to ask: just how prime is your retail asset?
13 March 2009
Jimmy Greaves once said of being a Tottenham Hotspur supporter: ‘I can cope with the disappointments – it’s the hope I can’t handle.’
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Westfield cuts service charges by 10%
12 March 2009
The world's largest owner of shopping centres Westfield is to reduce its service charge by 10% across all its established centres.
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Fallen retailer Baugur files for bankruptcy
12 March 2009
Icelandic retail group Baugur Group is filing for bankruptcy after a court called time on its efforts to reorganise.
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New retailers sign up at Westfield Derby
11 March 2009
Australian shopping centre owner Westfield and its partner on the Westfield Derby shopping centre, Hermes, have signed a raft of new lettings at the scheme.
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Serviced apartments better than hotels
11 March 2009
Savills’ most recent UK serviced apartment report shows that in the current economic climate developers are planning serviced apartments as a viable alternative to hotels and residential.
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Slashed property advertising budgets lead to Streetbroadcast demise
10 March 2009
Streetbroadcast, the advertising company popular with the property industry, has gone into administration.
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Orchard Street buys Warner’s Southend shopping centre
9 March 2009
Orchard Street Investment Management has exchanged contracts with Warner Estate Holdings to buy the Royals Shopping Centre, Southend.
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Macdonald Estates announces development plans
9 March 2009
Macdonald Estates is to submit 12 major planning applications across Scotland in 2009.
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Former Mosaic chain Principles sold to Debenhams but shops will close
9 March 2009
Womenswear chain Principles has been sold to department store chain Debenhams after it went into administration.
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DFS founder Lord Kirkham to buy retail park
5 March 2009
Lord Kirkham, founder of furniture chain DFS, has agreed to buy Hercules Unit Trust’s Cortonwood retail park for around £40m.
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Asda reacts with ‘disappointment’ to competition test result
5 March 2009
Budget supermarket Asda has said it is ‘obviously disappointed’ that the Competition Appeal Tribunal has upheld Tesco's challenge to the two-year competition test on ‘technical grounds’.
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Arsenal’s Queensland Road plans get go-ahead
5 March 2009
Islington Council has approved the final element of Arsenal Football Club’s masterplan to regenerate the wide area around the premiership club’s Emirates Stadium.
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Centros’s Bury St Edmunds’s Arc opens
5 March 2009
Developer Centros, backed by Delancey, has opened the £100m retail-led arc scheme in Bury St Edmunds today.
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Tesco victorious on competition test
5 March 2009
Efforts to curb the dominance of any one supermarket in local towns were dealt a blow yesterday after Tesco won a battle to prevent the regulator introducing a 'competition test' into planning applications.
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Mosaic footwear brands sold to Dune
4 March 2009
The Shoe Studio Group, the footwear group previously owned by Mosaic Fashions, has been bought out of administration by rival footwear chain Dune.
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Sainsbury's buys Co-op stores for £83m
4 March 2009
Sainsbury's has bought 24 stores from the Co-operative Group following Co-op buying the Somerfield supermarket chain.
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DSGi to roll out new format concept
4 March 2009
DSG international, the electrical retailer, is to roll out its new store concepts to more than 100 stores this year.
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Elle Macpherson signs up for UK outlet store
4 March 2009
Lingerie brand Elle Macpherson Intimates has signed up for its first outlet store in the UK.
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Oasis to Karen Millen retail group to renegotiate with landlords
3 March 2009
Aurora Fashions, a new company founded to buy out some of Mosaic Fashions brands, has hired retail property consultant Harper Dennis Hobbs to renegotiate leases of stores with landlords.
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BCSC launches small towns report
3 March 2009
The retail body BCSC has today launched a report into small towns in the UK.
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Deloitte appointed administrator of Mosaic Fashions as management agree pre-pack deal
2 March 2009
Mosaic Fashions Limited, Mosaic Fashions Finance Limited and its brands Warehouse, Oasis, Coast, Karen Millen, Anoushka G, Principles and The Shoe Studio Group have all been placed in administration.
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Mosaic Fashion to be broken up in pre-pack deal
28 February 2009
Mosaic Fashion, the Oasis to Karen Millen clothing company, is set to be broken up in the next few days in a pre-pack administration that will see some chains sold and some stores shut.
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Midlands and Scotland have most empty shops
27 February 2009
High streets in the Midlands and Scotland have been most affected by the economic downturn with 15% of shops vacant, according to the new Available Shops report from Cushman & Wakefield.
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Designs for Salisbury market revealed
27 February 2009
Designs for a new market place in Salisbury have been chosen this week.
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Land Securities teams up with ING to kickstart £300m Northgate scheme
27 February 2009
This article appears in Property Week magazine title: Treasure Chester
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Oz fund exits Bullring talks
27 February 2009
Future Funds, the Australian fund manager has pulled out of talks to buy Land Securities’ stake in Birmingham’s Bullring shopping centre
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Castlemore falls into administration
26 February 2009
Grahame Whateley’s Castlemore Securities has gone into administration.
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Westfield puts new developments on ice
26 February 2009
Westfield, the world's biggest shopping centre owner, is putting on hold all new developments this year in the wake of a A$2.2bn (£1bn) annual loss.
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Knight Frank's London experts discuss the market in 2009 and beyond
26 February 2009
Following a recent Knight Frank breakfast Property Week caught up with three of the company's London experts to talk about the state of the market and what the future might hold.
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Crossrail will boost London economy by £1.24bn a year says report
26 February 2009
An economic study published today said Crossrail will deliver ‘substantial economic benefits for the whole of London and the South East’ after the east-west London railway opens in 2017.
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Eco-dome and chimney swept away in Battersea Power Station redesign
26 February 2009
Real Estate Opportunities has abandoned plans for an ‘eco dome and chimney’ at Battersea Power Station and is working on an alternative scheme which will be lower in height but more dense.
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Sir Philip Green to merge Arcadia and Bhs
25 February 2009
Sir Philip Green, the retail entrepreneur, is to merge his Bhs and Arcadia businesses to cut costs and stores.
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Cathedral Group selected for Bromley scheme
25 February 2009
Bromley Borough Council has selected Cathedral Group as its development partner for a key site at the southern end of Bromley High Street as part of wider proposals to revive the town centre.
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Aldi buys into Inverurie in Abeerdeenshire
25 February 2009
Discount Geman food retailer Aldi was given the go-ahead for a store in Inverurie, Aberdeenshire yesterday.
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King Sturge appointed by KPMG for JJB's shoes chain disposals
24 February 2009
King Sturge has been appointed by KPMG to offload Original Shoe Factory and Qube footwear stores following the chains going into administration.
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Dovey Estates begins construction in Bridgend
24 February 2009
Cardiff developer Dovey Estates has started construction of a 60,000 sq ft superstore at the Waterton Cross retail park near Bridgend, Wales.
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Francis Salway confirmed to speak at event crucial to the survival of the retail property sector
23 February 2009
Property Week will host its fourth annual Retail Summit on 22 May 2009 at Le Méridien Piccadilly in central London.
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Minerva’s Ram Brewery plans called-in
20 February 2009
Secretary of State for Communities and Local Government Hazel Blears has called in Minerva’s plans for the 1m sq ft mixed-use redevelopment of the former Young’s Ram Brewery site in Wandsworth, London.
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Savills wins retail management at Leicester and Dundee
20 February 2009
Savills has been appointed to manage two retail schemes in Leicester and Dundee.
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JJB's shoe chains go into administration
19 February 2009
Sports retailer JJB Sports appointed administrator KPMG for its Original Shoe Company (OSC) and Qube footwear brands following the failure to sell the businesses.
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Morrisons to anchor Neptune’s New Brighton scheme
19 February 2009
Morrisons has signed as the anchor tenant at the New Brighton Neptune scheme in Liverpool.
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Stylo boss Ziff buys 160 shoe shops out of administration
19 February 2009
Stylo chairman Michael Ziff has completed a rescue deal for part of the struggling Bradford-based shoe group which will see 3,000 jobs saved.
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Public inquiry for Sprucefield
18 February 2009
A public inquiry will be launched into plans for a 500,000 sq ft retail extension at the Sprucefield retail scheme in Northern Ireland.
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Former Zavvi boss buys eight Zavvi stores
18 February 2009
Former Zavvi boss Simon Douglas is to buy eight Zavvi shops out of administration leaving the rest of Zavvi to close and cease trading.
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Asda CEO calls on government to simplify planning
18 February 2009
Andy Bond, CEO at Asda, said the government must promote competition during the recession to stimulate the economy.
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Primark to open store in Chester
18 February 2009
Clothes retailer Primark is to open its first store in Chester taking a former Woolworths shop owned by Redevco.
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Bradbury Hall Developments wins consent for Chesterfield scheme
18 February 2009
Bradbury Hall Developments has received planning consent for its £20m hotel and office development in Chesterfield town centre, with a unanimous decision from Chesterfield Borough Council’s planning committee.
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Waitrose signs in Aylesbury
17 February 2009
Warner Estate Holdings has signed Waitrose as the food store anchor for its proposed Waterside shopping scheme in Aylesbury.
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Peel gets consent for Trafford Centre hotel
17 February 2009
Peel Holdings has gained planning consent for a £30m hotel at the Trafford Centre in Manchester.
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Retail in 2009 with DTZ's Martyn Chase (video)
17 February 2009
DTZ retail head Martyn Chase on what's in store for retail in 2009 and what can landlords expect from rents this year.
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Chord Deeley plans phase one of Brum’s £160m St Georges
16 February 2009
Chord Deeley has submitted a planning application for phase one of its £160m St Georges development in Birmingham’s Jewellery Quarter.
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Go-ahead for Southwark ‘apart-hotel’
16 February 2009
Sunlight Projects has got the go ahead for a 137 unit ‘apart-hotel’ in south London.
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Realis gets go-ahead for £250m Stoke retail scheme
13 February 2009
Realis Estates has been given the green light for a £250m retail led scheme in Stoke on Trent.
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Orchard Street to pay £31m for Royals shopping centre
13 February 2009
Orchard Street Investment Management is under offer to buy the Royals shopping centre in Essex for £31m.
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JJB delays further repaying its loans
13 February 2009
Sports retailer JJB Sports has agreed with its lenders to extend the delay of a repayment of its loans.
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Shoe shops owner Stylo goes into administration after landlords reject CVA plan
13 February 2009
Stylo, owner of the Barratt and PriceLess shoe shops, said today it would go into administration after failing to reach agreements with landlords and creditors.
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Debenhams worst hit by retail development delays Experian report claims
12 February 2009
The number of retail development schemes delayed by the recession has affected the expansion plans of a number of retailers, hitting department store retailer Debenhams the hardest.
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St Modwen's £750m Longbridge plans win approval
12 February 2009
The government has given the green light to St Modwen’s plans for the £750m redevelopment of the former MC Rover Works site at Longbridge, near Birmingham.
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Land of Leather yet to be sold
11 February 2009
Administrators to furniture retailer Land of Leather have so far failed to sell the business as a going concern.
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Sterling weakness helps Shaftesbury’s resilience in West End
11 February 2009
West End property owner Shaftesbury today said sterling’s weakness against the Euro was keeping its shops busy.
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Kenmore sees strong letting activity at end of 2008
11 February 2009
Kenmore Property Group sealed 35 deals in the last quarter of 2008 on behalf of three of its funds and three private partnerships.
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Stylo’s fate to be decided at meeting tomorrow
11 February 2009
The meeting to decide the fate of Stylo, the footwear chain which owns Barratts and Priceless Shoes, will take place tomorrow.
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Post Office and Co-op sign up at Netto’s County Durham scheme
11 February 2009
The Post Office, Co-op and Home Bargains have signed up to join discount supermarket chain Netto at Spennymoor, County Durham.
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Olympic legacy masterplan revealed
10 February 2009
The Olympic Legacy masterplan was unveiled today and proposes to create six new ‘character areas’ comprising 10,000 new homes and more than 1.2m sq ft of commercial space.
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JJB Sports to put subsidiaries into administration
10 February 2009
Sports retailer JJB Sports has filed a notice of intention to appoint an administrator for its Original Shoe Company and Qube footwear brands following the failure to sell the businesses.
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Bluewater's shoppers increase for January
10 February 2009
Bluewater, the Kent shopping centre, has had a positive start to 2009, with footfall for January 2% ahead of last year.
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Local Shopping REIT will invest in the second half of 2009
10 February 2009
Local Shopping REIT said it will wait for the second half of the year to buy.
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JJB Sports fitness club chain receives takeover offers
10 February 2009
JJB Sports confirmed today it had received approaches from a number of bidders looking to buy its fitness clubs arm.
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British Land sells £588m Meadowhall stake to Mould and Vaughan
9 February 2009
British Land today sold a 50% stake in its Meadowhall shopping centre near Sheffield to Raymond Mould and Patrick Vaughan’s joint venture company.
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Umbro signs at Cheadle Royal in south Manchester
6 February 2009
Sportswear retailer Umbro has signed a new 10-year lease at Lakeside 5000 at Cheadle Royal business park in South Manchester.
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Investors still love supermarket properties
5 February 2009
Investment in properties let to supermarkets showed no sign of waning according to a report commissioned by retail property advisors Angermann, Godard and Loyd.
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Barratts CVA meeting set for morning
4 February 2009
Stylo, the owner of shoe retailers Barratts and Priceless Shoes, is to hold a question and answer session with landlords tomorrow morning.
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Moorfield completes £30m sale and leaseback with Mitchells & Butlers
4 February 2009
Moorfield Group has carried out a £30m sale and leaseback with leisure group Mitchells & Butlers for its 95,000 sq ft head office and adjoining 120-room hotel.
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UK hotel investment down 68% over 2008
4 February 2009
Investment in UK hotels fell by 68% in 2008, finds research from Jones Lang LaSalle Hotels.
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Food shoppers trade down to cheaper supermarkets, TNS Worldpanel reports
4 February 2009
Food shoppers are continuing to trade down and shop in cheaper supermarkets as food price inflation remains above 8%.
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CBRE ties up with Moscow retail expert
3 February 2009
CB Richard Ellis is tieing up with Russian retail property services firm Magazin Magazinov.
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Owner of Pontin’s plans £50m refurb programme
3 February 2009
Ocean Parcs, owner of holiday camp business Pontin’s, plans to invest £50m in developing and refurbishing its holiday centres across the UK.
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Sainsbury’s to set up shop in Morecambe
2 February 2009
Sainsbury’s has announced plans to build a 40,000 sq ft store in Morecambe.
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Benson Elliot raises €500m for second fund
2 February 2009
Benson Elliot Capital Management, the European private equity firm, has raised €500m (£448m) to target distressed property assets.
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Woolworths name bought by Shop Direct Group
2 February 2009
The Woolworths brand name and the Ladybird childrenswear brand has been bought by Shop Direct Group, the online and home shopping retailer.
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Ten Sofa Workshop stores saved
30 January 2009
Sofa Workshop, the furniture retailer, has been sold by administrator Leonard Curtis.
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LxB gets go ahead for Tunbridge retail park
30 January 2009
LxB's has got the go-ahead for a 110,000 sq ft retail park in Tunbridge Wells.
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Supermarket giants Asda and Tesco back MPs’ report
29 January 2009
Retailers Tesco and Asda have backed the All Party Urban Development Group’s report calling for the planning system to protect local jobs.
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Carphone dials up west London HQ
29 January 2009
Carphone Warehouse has exchanged to take 82,000 sq ft at the White Building in Notting Dale, West London.
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Asda reveals look of 55,000 sq ft flagship Northern Ireland store
29 January 2009
Asda has unveiled the look of its proposed largest N.I store based Antrim Junction One Retail Park.
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Anthropologie to make UK debut
29 January 2009
Anthropologie, the US fashion brand owned by Urban Outfitters, has signed up for its debut store in the UK on London’s Regent Street.
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Millions of pounds saved in retail service charge reduction pilot
28 January 2009
A group of property heads and retailers including Phil Wrigley, executive chairman of New Look, and Francis Salway, chief executive of Land Securities, has revealed millions of pounds of savings on service charges on two of its pilot schemes.
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Go ahead for Sainsbury's in Trowbridge
27 January 2009
Sainsbury's has got the go-ahead for a store in Trowbridge town centre in Wiltshire.
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Tesco submits plans for Greenford
26 January 2009
Tesco has submitted a planning application for a 59,200 sq ft store in Greenford, west London.
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BCA says councils will pay £690m in empty rates
26 January 2009
The Business Centre Association (BCA) has suggested that local authorities may be liable to pay up to £690m in business rates on empty property they own.
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New occupier sought for former Planet Hollywood space
26 January 2009
Criterion Capital, owner of Trocadero in London’s West End has instructed Shelley Sandzer and Nash Bond to find a occupier for the former Planet Hollywood premises, which is now empty.
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Footwear retailer Barratt has gone into administration
26 January 2009
Barratt and other subsidiaries of Stylo, the parent company of Barratts, were placed into administration today but its owners, the Ziff family, are planning a rescue bid with a Company Voluntary Arrangements (CVA).
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Footfall up at Manchester Arndale
26 January 2009
Footfall at Manchester Arndale for the final five weeks of 2008 was up 7% compared to the same period last year it revealed today.
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Tesco to build Tesco Extra in Chesterfield
26 January 2009
Tesco, the supermarket giant, plans a Tesco Extra store on part of the former Dema Glass factory site in Chesterfield.
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Sofa Workshop goes into administration
23 January 2009
The Sofa Workshop, the furniture retailer, has been placed into administration.
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Great Yarmouth casino and leisure scheme approved
23 January 2009
Great Yarmouth District Council has granted planning permission for a 250,000 sq ft leisure scheme in Great Yarmouth.
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Retailers could jettison more stores this year says PricewaterhouseCoopers
23 January 2009
PricewaterhouseCoopers (PwC) research indicates that financially troubled retailers have been closing more than two in five stores as the high street comes under increased pressure because of the economic downturn.
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Irish developer Liam Carroll closes two hotels
22 January 2009
Liam Carroll has closed two hotels in Ireland today after trading slumped and the businesses no longer remained viable.
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Occupiers remain cautious in Central London
22 January 2009
The onset of recession has accelerated the downturn in Central London’s occupational office market with demand falling 27% in the fourth quarter of last year, according to Jones Lang LaSalle’s latest Central London Report.
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Real Hotel Company in administration
22 January 2009
Real Hotel Company, a UK-wide low budget hotel chain has been placed in administration as the downturn continues to bite.
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John Lewis’s retail property boss to head BCSC
21 January 2009
John Lewis’s head of retail development Jeremy Collins has taken over as BCSC president today.
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Boutique first for Intercontinental in London
21 January 2009
InterContinental Hotels has opened its first boutique Hotel Indigo in London’s Paddington area.
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Baguley to leave Sainsbury’s
21 January 2009
Sainsbury’s Property Investment managing director Peter Baguley is to leave the supermarket giant.
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Land Securities suffers growing retail tenant defaults
20 January 2009
Land Securities has suffered from the grim retail climate as its exposure to retailers in administration in its portfolio soared by 65% in the fourth quarter of last year.
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Henry Boot kicks off 1.2m sq ft Bridgwater development
20 January 2009
Hallam Land Management, a subsidiary of Henry Boot, has submitted a planning application for a 1.2m sq ft mixed use development in Bridgwater, Somerset.
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Jury’s Inn to open four new hotels
20 January 2009
Jury’s Inn is spending opening four new hotels across England and Scotland in a £90m investment with development partner McAleer & Rushe.
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Sellar to develop London Bridge ‘tower cluster’
20 January 2009
Irvine Sellar’s Sellar Property Group has unveiled plans to develop a cluster of towers around London Bridge Station.
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Shopping centre investment plummets
20 January 2009
Investment in UK shopping centres fell by nearly 75% in 2008 to only £1.47bn, according to Cushman & Wakefield’s latest report.
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Electrical retailer goes into administration
19 January 2009
Empire Direct, the electrical retailer with 14 shops, has gone into administration.
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Travelodge to develop first hotel on former residential site
19 January 2009
Travelodge has exchanged contracts to build its first hotel on land formerly designated for residential development.
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Standard Life Investments tackles Brighton seafront again
19 January 2009
Standard Life Investments is restarting plans to carry out a major mixed-use development on Brighton’s seafront in Sussex after putting the scheme on hold last year because of adverse market conditions.
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Welsh and West Midlands towns worst hit by empty shops
19 January 2009
Towns such as Holyhead and Milford Haven in Wales and Chelmsley Wood in the West Midlands will be hit by a wave of empty shops as more and more retailers go into administration.
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Work starts on St Austell regeneration
16 January 2009
Work has started on three residential blocks within St Austell’s £75m town centre regeneration scheme, which is due to open this autumn.
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Cash Converters, opens 130th store
16 January 2009
Cash Converters, the retailer of pre-owned and nearly new goods, has opened its 130th store in the UK.
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Curtains up at National Theatre for Drivers Jonas
16 January 2009
The National Theatre in London has appointed Drivers Jonas to project manage the design strategy for its development.
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Decline in values of hotel, pub and care sectors revealed
16 January 2009
The extent that the hotel, pub and care sector have been hit by the economic downturn, was revealed by Christie + Co 's Business Outlook 2009 last night.
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UK capital values fall ‘without precedent’ says IPD
15 January 2009
UK commercial property returns plunged 5.3% in December, according to the IPD UK Monthly Index, in a month which saw a third consecutive record capital value fall of 5.8%.
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Manchester Council in talks for Capital & Regional’s Great Northern Warehouse
15 January 2009
Manchester City Council is in negotiations to buy Capital & Regional’s Great Northern Warehouse for around £75m.
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BCSC predicts bad news for communities in retail report
15 January 2009
Shopping developments and thier local communties will suffer from the current slowdown in the retail-led development pipeline, the BCSC has warned.
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HMV buys 14 Zavvi stores
14 January 2009
The administrator of music retailer Zavvi has sold 14 of the chain's shops to rival music chain HMV.
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Hammerson’s Bishop’s Place hit by Light Bar ‘conservation’ plan
14 January 2009
Hammerson could be forced back to the drawing board over its plans for the £500m Bishop’s Place scheme after Hackney Council officials recommended that the Light Bar – which is based on the site – be included in a conservation area.
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Zavvi to close more shops as no buyer found
14 January 2009
Zavvi, the music retailer in administration, is to close a further 18 shops as a buyer for the business is yet to be found.
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Marston’s agrees extended banking facility
13 January 2009
Marston's, the pub company, has formalised an agreement with a syndicate of banks to extend its banking facility.
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Tesco reports weakest UK sales growth for more than 15 years
13 January 2009
In the UK Tesco revealed like-for-like sales, excluding petrol, increased by 2.5% in for the seven weeks to 10 January 2009.
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Hilton signs at Peel’s John Lennon airport
13 January 2009
Hilton has signed a franchise agreement for a new hotel at Peel Holding’s John Lennon airport in Liverpool.
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Land of Leather falls into administration
12 January 2009
Land of Leather has gone into administration this afternoon.
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Discount retailers to become retail super powers
12 January 2009
Discount retailers across the globe are set to be the next retail super powers for 2009 and beyond, according to a report from advisory firm Deloitte.
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Millennium & Copthorne Hotels signs up for two hotels in Liverpool
12 January 2009
Hotel chain Millennium & Copthorne Hotels has completed a deal to open two hotels in Liverpool’s Central Village development.
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Former Tattershall Castle Group to sell 26 pubs
12 January 2009
TCG Acquisitions, the managed pub company which was formerly Tattershall Castle Group, is to sell 26 of its leasehold sites.
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Iceland buys Woolworths stores
12 January 2009
Iceland Foods has bought 51 Woolworths stores, it confirmed today.
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Retail body calls for freeze on business and empty rates
12 January 2009
Retailers claim changes to business rates could push retail's bill to £7bn by 2011 and the British Retail Consortium (BRC) has called for a freeze on rates.
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RBS looks for buyers for its 1,000 pubs
12 January 2009
Royal Bank of Scotland is understood to be sounding out potential purchasers for its estate of about 1,000 pubs.
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Land of Leather suspend shares
12 January 2009
Land of Leather, the struggling furniture retailer, suspended its shares this morning pending ‘clarification of the company's financial position.’
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Plans submitted for Leicester Tigers rugby club
9 January 2009
Plans have been submitted for the £100m redevelopment of Leicester Tigers' stadium by adviser Frank Whittle Partnership.
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JLL's Guy Grainger's Eye on retail (video)
9 January 2009
Jones Lang LaSalle's head of UK Retail, Guy Grainger talks about the market and its eventual return to form
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Sofa Workshop on brink of administration
9 January 2009
Sofa Workshop, the 30-plus store furniture retailer, is on the brink of administration.
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Sir Philip Green upsets landlords
09 January 2009
Arcadia boss seeks lower rents and better terms on stores formerly held by Matte plc
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Sunderland Arc displays Stadium Village blueprints to public
8 January 2009
Sunderland arc has begun a public consultation on the blueprint of its sports and leisure facilities surrounding Sunderland’s Aquatic Centre and the Stadium of Light football ground.
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Zavvi closes 22 shops
8 January 2009
Zavvi, the music retailer that went into administration before Christmas, has closed 22 stores today.
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New Premier Inn for Basildon town centre
8 January 2009
Plans to turn a former cinema into a 97-bed Premier Inn hotel in Basildon town centre have been approved by Basildon Council.
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Administration for ladies fashion chain Viyella
7 January 2009
Ladies fashion chain Viyella, which was established in 1784, has been placed into administration.
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Salisbury shopping centre sold to Doughty Hanson
7 January 2009
Doughty Hanson & Co Real Estate has bought Old George Mall in Salisbury from the Salisbury Partnership, a joint venture between clients of Prupim and Rockspring, for £60m.
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Blacks Leisure reports poor sales
7 January 2009
Blacks Leisure, the clothing retailer, has reported a fall in sales and plans further closures for its boardwear division.
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Marks & Spencer to shut 27 shops and cut jobs
7 January 2009
M&S, the high street retailer, plans to close 27 shops after one of its worst Christmas trading periods.
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Gatley to leave Capital & Regional
7 January 2009
Capital & Regional’s head of retail parks is to leave the business amid a raft of redundancies at the Junction fund.
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Planet Hollywood closes but new location to open in June
6 January 2009
Planet Hollywood has closed its London restaurant and is finalising details to open a new location on London’s Haymarket.
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Sainsbury’s takes over development of retail scheme in Oxfordshire
6 January 2009
Supermarket chain Sainsbury’s has upped its stake in a proposed £70m redevelopment in Bicester town centre in Oxfordshire to ensure the scheme goes ahead.
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Perfume retailer goes into administration
6 January 2009
Passion for Perfume, a retailer part owned by Modus chief Brendan Flood, has gone into administration.
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Entrepreneur McLeod submits application for £75m Falkirk hotel
6 January 2009
Scottish entrepreneur Steven McLeod has submitted a planning application for a £75m luxury hotel in Larbert, Falkirk.
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St Mirren given new stadium as Tesco plans housing scheme
6 January 2009
St Mirren football club has been handed the keys as a part of a deal that sees Tesco take over its former ground.
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Highcross plans 1m sq ft Portsmouth scheme
5 January 2009
Property fund manager Highcross has submitted a planning application for a 1m sq ft development on the 100-acre Lakeside North Harbour site in Portsmouth.
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MWB shares rise after upbeat trading statement
5 January 2009
MWB Group’s shares rose 10% this morning following a better-than-expected trading update for its three businesses.
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Turnstone gets go-ahead for Ipswich scheme
5 January 2009
Turnstone Estates and Revcap have been granted planning consent for a £50m mixed use scheme in Ipswich.
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Falling retail rents give stores a breather
5 January 2009
Retail rents fell for the first time in 15 years in 2008 and will not return to growth until 2013, handing struggling retailers a potential lifeline to stave off administration.
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Woolworths delays shop closures to raise more cash
2 January 2009
Woolworths’ 400 remaining shops will stay open an extra day to raise more money from stock sales.
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Olan Mills Photography to go into administration
30 December 2008
Britain's biggest studio photography business has collapsed leading to the closure of 34 stores in England and Wales.
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Hammerson shopping centres busier than last year
30 December 2008
Hammerson announced today that year-on-year like-for-like footfall was up across its shopping centre portfolio over the Christmas trading period.
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Tenant fears hit Liberty and Hammerson
30 December 2008
Liberty International and Hammerson slumped yesterday amid fears that they would be hit by tenant insolvencies.
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Hunter’s retailer USC goes into administration
29 December 2008
Scottish retailer USC, which is backed by retail and property entrepreneur Sir Tom Hunter, today became the latest casualty in the high street.
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'Savvy' shoppers hit the sales despite the crunch
29 December 2008
The National High Street Index has reported that footfall in our high streets on Boxing Day was 2.3% higher than on Boxing Day last year.
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Zavvi goes into administration
24 December 2008
Music store Zavvi has gone into administration
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Bluewater has busiest day for five years
24 December 2008
Bluewater, the Kent shopping centre, saw record footfall levels for its final weekend of the pre-Christmas trading period.
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Plans for a floating hotel in Hartlepool revealed
23 December 2008
Premier Inn, the budget hotel operator, is planning a 54-bedroom floating hotel in Hartlepool.
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Recession hits more retailers
23 December 2008
The latest retailer to be effected by the recession is Whittard of Chelsea which is thought to be on the brink of administration today.
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Tesco in new sale and leaseback deal
22 December 2008
Tesco has completed another two sale and leaseback deals totalling £308m.
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Strong results see further store expansion for pawnbroker Albemarle & Bond
22 December 2008
Albemarle & Bond has announced it will continue its store expansion plans after its latest accounts showed it has nearly doubled its pre-tax profits over the past four years.
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Two Smollensky restaurants rescued out of administration
22 December 2008
Restaurant chain Smollensky has sold two restaurants - in Canary Wharf and on the Strand in London to Kornicis Group.
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Modus’s Stourbridge scheme gets green light
22 December 2008
Modus has got the go-ahead for its £50m Crown Centre extension in Stourbridge in the west Midlands.
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Treasury gets go ahead for Ballymun scheme
22 December 2008
Treasury Holdings has been granted planning permission to develop its €800m (£758m) Spring Cross scheme in Ballymun Town Centre in North Dublin.
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High Street booming despite gloom
22 December 2008
UK High Streets had a bumper weekend with pre-Christmas sales tempting shoppers to ignore the economic gloom.
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New stores drives Laura Ashley sales down
19 December 2008
Tough trading conditions and new store openings have driven Laura Ashley’s like-for-like sales down by nearly 10% over the past five months, the company announced today.
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Bluewater launches TV ad campaign
19 December 2008
Bluewater, the Kent shopping centre, has launched a new brand-led advertising campaign this Christmas.
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More Woolies sold as rescue hopes recede
19 December 2008
Jones Lang LaSalle to work with CB Richard Ellis on store disposals
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Sainsbury’s planned for Helston
18 December 2008
Alder King, acting on behalf of theme park, The Flambards Experience, has secured outline planning permission for a new Sainsbury’s supermarket in Helston, Cornwall.
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Wolverhampton’s Summer Row centre on hold as partner pulls out
17 December 2008
Multi Development UK has put the £300m Summer Row development in Wolverhampton on hold after its development and funding partner, a consortium of Northern Irish investors, pulled out of the scheme.
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Woolworths to close by 5 January
17 December 2008
Woolworths is to close all of its 807 stores by 5 January.
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BRC gives retailers monthly rents weapon
17 December 2008
The British Retail Consortium is arming its members with a template letter to send to their landlords over monthly rents, just a week before the next payments are due.
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Lifeline for Penrith retail development
17 December 2008
The Northwest Regional Development Agency (NWDA) is providing a £1m lifeline to Penrith’s New Squares shopping and housing scheme.
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Habitat to open in Russia and Middle East
16 December 2008
Habitat, the furniture retailer, will open stores in Russia and the Middle East with international franchise partners in 2009.
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English Heritage asks Government to call in Centros’s Lancaster scheme
16 December 2008
English Heritage has written to the Government Office for the North West to recommend that the outline planning application for the Centros’ Lancaster scheme be called in by the Secretary of State for Communities and Local Government.
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Retailer Comet's parent posts profit fall
16 December 2008
Electrical retailer Kesa's retail profit has dropped 71% to £13m in the six months to 31 October.
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Pub group Orchid part rescued in pre-pack administration
16 December 2008
Orchid, the £571m private equity-owned pub group, has been part rescued in a pre-pack administration deal.
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HUT sells fashion park to LaSalle fund
16 December 2008
Hercules Unit Trust, the specialist retail warehouse fund advised by British Land and managed by Schroders, has completed the sale of its Borehamwood Shopping Park in Borehamwood.
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Discount Days and Euro Strength Drive West End footfall
16 December 2008
The New West End Company, the retail body for London’s West End, has reported that November footflow for the West End, provided by Springboard, was up 5.9% year-on-year, defying the national drop in high street footfall, which was down 6%.
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West End thriving as shoppers shun strong Euro
16 December 2008
The New West End Company, the retail body for London’s West End, has reported that November footflow for the West End, provided by Springboard, was up 5.9% year-on-year, defying the national drop in high street footfall, which was down 6%.
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Carpetright reveals profit slump and dividend slash as retailers find it tough
16 December 2008
Carpetright, the carpet retailer, has reported a 68% fall in pretax profit to £8.8m for the 26 weeks to November.
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Texstyle World, Fads and Leveys go into administration
15 December 2008
Strategic Retail, owner of homewares and DIY chains Fads, Leveys and Texstyle World has appointed administrators.
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Tottenham Hotspur reveal new stadium designs
15 December 2008
Tottenham Hotspur today revealed the proposed design for the club’s planned 60,000 seat stadium, part of the Northumberland development project.
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Bluewater footfall up 6.2%
15 December 2008
Bluewater shopping centre in Greenhithe, Kent reported a strong November, with footfall up by 6.2% compared to the same month last year.
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UK hoteliers feel squeeze
15 December 2008
UK hoteliers saw further declines in room rate, occupancy and rooms yield for November.
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Convenience retail chain Nearby Stores in administration
11 December 2008
Nearby Stores, the convenience store operator, has gone into administration.
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Travelodge and Lidl to create joint hotel and supermarket site in Staffordshire
11 December 2008
Budget brands Travelodge and Lidl are developing a £3 million joint hotel and supermarket site in Newcastle-Under-Lyme, Staffordshire.
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Hermès unveils Christmas display on Bond Street
11 December 2008
Hermès, the luxury designer brand, has hired architect DSDHA to create its Christmas window display.
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Woolworths starts store closing sale
11 December 2008
Woolworths is launching a store closing sale today on top of already heavy discounting.
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Hammerson settles Light Bar dispute at Bishop’s Place scheme
10 December 2008
Hammerson has settled its dispute with the leaseholder of a bar located on a site on the eastern fringes of the City of London where the developer is planning its major Bishops Place scheme.
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Treasury Holdings receives planning for Sligo town centre scheme
10 December 2008
Richard Barrett and John Ronan’s Treasury Holdings has been given planning permission to develop its Sligo Town Centre scheme by Irish planning appeals board An Bord Pleanala.
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Retail sales decline for second consecutive month
9 December 2008
Like-for-like sales fell 2.6% and total sales fell 0.4% in November, according to the British Retail Consortium today.
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River Island heads to Dublin’s ILAC shopping centre
9 December 2008
Retailer River Island has agreed terms to take a store at Joe O’Reilly’s ILAC Shopping Centre on Henry Street in Dublin, Ireland.
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Talks to buy Land of Leather 'terminated'
9 December 2008
Land of Leather, the furniture retailer, has terminated talks with potential buyers for the company.
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Go ahead for five star hotel in Scottish Borders
9 December 2008
Manor Kingdom, the Scottish house-builder owned by Gladedale's Remo Dipre, has been granted planning consent to develop the first five star hotel in the Scottish Borders.
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Consent granted for £22m Kent academy
8 December 2008
Planning consent has been granted to redevelop one of the worst performing schools in Kent into a £22m learning academy.
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Go ahead for £45m Northern Gateway project
8 December 2008
Cannock-based Pritchard Group has been given the green light to build a £45m hotel and ‘Employment and Innovation’ centre on the Stafford Road in Wolverhampton.
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Retail development pipeline sees record decline says CBRE
5 December 2008
CB Richard Ellis said the total amount of shopping centre floor space under construction in Britain is 7.9m sq ft, 40% down on the 13 m sq ft peak recorded in March 2007.
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Forecourts of appeal
05 December 2008
Tricky to value, but weathering the downturn, a new set of indices aims to steer investors toward petrol stations.
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Make-up take-up
05 December 2008
Beauty product supplier Sally Salon Services is giving the trade counter a retail-style makeover with its expanding chain.
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Three Trade Investors’ units let
05 December 2008
Three units have been let at Trade Investors’ 279,515 sq ft Minworth Trade Park scheme at Sutton Coldfield, on the A38 north-east of Birmingham.
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Minerva drinks to iconic Ram Brewery redevelopment
4 December 2008
Minerva has got the green light for a 1m sq ft redevelopment of the former Young’s Ram Brewery in Wandsworth, south west London.
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Green light for Kenmore’s Brum scheme
3 December 2008
Kenmore has won planning permission for its £75m Snow Hill development in central Birmingham.
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La Salle buys Wrexham shopping centre from Wilson Bowden
3 December 2008
La Salle Investment Management has exchanged contracts to buy Wilson Bowden Developments’ Eagles Meadow shopping centre in Wrexham.
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Hotel group in administration
3 December 2008
Privately owned Folio Hotels has reportedly called in administrators following a decline in trading and failed negotiations with landlords.
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Northern Irish scheme unveiled to rival Westfield
3 December 2008
Northern Ireland’s Michael Herbert has submitted a planning application for a 260,000 sq ft department store at the Bow Street Mall in Lisburn, Northern Ireland.
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Uttoxeter plans overhaul of JCB town centre site
3 December 2008
McDowell + Benedetti has won the competition to masterplan the redevelopment of JCB’s Heavy Products site in Uttoxeter, Staffordshire.
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Plans unveiled for St Petersburg's eastern fringes
3 December 2008
Architect HOK has unveiled a master plan for St Petersburg aimed at regenerating the eastern fringes of the historic city.
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MJ Mapp sets up shopping centre team
2 December 2008
Property management specialist MJ Mapp has set up a shopping centre team.
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Tesco reports UK sales up by 5.9%
2 December 2008
Tesco, the supermarket retailer, has reported UK sales growth of 5.9% for the 13 weeks to 22 November, despite a tough retail climate.
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Rochdale Council re-tenders £250m town centre scheme
1 December 2008
Rochdale Council has gone back to the market for a developer for its £250m town centre regeneration scheme, after an EU ruling made its earlier choice of Wilson Bowden untenable.
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Waitrose debuts in Bristol
1 December 2008
Waitrose has signed up to open its second convenience store in the UK with its first store in Bristol.
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John Laing and Croydon Council sign £450m regeneration deal
1 December 2008
John Laing and Croydon Borough Council have today formally signed a partnership to create a £450m local asset backed vehicle to regenerate significant sites across Croydon town centre and develop a council headquarters.
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Land of Leather mulls sale option
1 December 2008
Land of Leather Holdings has received a number of approaches from third parties regarding a purchase of the business.
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RICS issues further guidance on ‘valuation uncertainty’
29 November 2008
The RICS said valuers must not use Guidance Note 5 in the RICS Red Book in a manner which could cause ‘the client or auditor to question the validity of the valuation, or to qualify a valuation report’.
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Retailer and landlord group hammer out agreement
28 November 2008
A group of property heads and retailers including Sir Philip Green, Phil Wrigley executive chairman of New Look and Francis Salway, chief executive of Land Securities, has reached an agreement on a number of controversial measures including monthly rents and service charges.
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Supermarket expansion heralds opportunities for investors
28 November 2008
Supermarket expansion is creating opportunities for developers and investors to enter the food sector.
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CBRE and Hilco to advise on Woolies
27 November 2008
Deloitte, administrator to collapsed retailer Woolworths, has appointed restructuring business Hilco and property agent CB Richard Ellis to advise on the disposal of the business.
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Tchibo to review future in UK
27 November 2008
Tchibo, the German coffee and variety retailer, is to review its UK business.
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Industry leaders gather as Property Week hosts Hotels UK conference
27 November 2008
On Tuesday 9th December 2008, Property Week will host its second Hotels UK conference, to be held at Browns Court Rooms, London WC2N.
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Muse finally signs for Swindon's £350m Union Square
27 November 2008
Muse Developments has signed a development agreement to deliver the £350m Union Square mixed-use scheme in Swindon town centre, Wiltshire.
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Woolworths in administration
27 November 2008
Variety retailer and high street veteran Woolworths went into administration this morning.
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Tens of thousands of jobs under threat as Woolworths nears administration
26 November 2008
High street legend Woolworths is set to go into administration.
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Sir Alan Sugar’s former HQ to become hotel
26 November 2008
Sir Alan Sugar’s Brentwood headquarters, used in The Apprentice, is to be redeveloped as a Premier Inn.
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MFI has gone into administration
26 November 2008
The MFI Group (New Co) went into administration last night.
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Woolworths suspends shares
26 November 2008
Woolworths announced that it had asked the stock exchange to suspend trading ‘pending the outcome of discussions’.
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Budget retailer rescues Mark One
25 November 2008
Mark One, the troubled fashion retailer which went into administration last week, has been part-rescued by rival retailer Internacionale.
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Pre-Budget Report: Chancellor closes door on pub and hotel REITs
24 November 2008
Chancellor Alistair Darling today made it easier for property companies to become REITs, but operational businesses which own property assets will face more hurdles.
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Plans submitted for £180m mixed use regeneration scheme for Canning Town
24 November 2008
The English Cities Fund has submitted plans for a £180m mixed-use development in Canning Town, east London that will also see the revitalisation of a historic market.
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Rezidor to open Park Inn Peterborough
24 November 2008
The Rezidor Hotel Group will open its twentieth UK Park Inn in Peterborough in December.
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Landmark £20m hotel for Chesterfield
24 November 2008
Bradbury Hall Developments has submitted plans for a £20m hotel and office development on the outskirts of Chesterfield town centre.
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Middle-East funds go for Debenhams' Oxford St store in London after £150m deal fails
24 November 2008
Middle Eastern sovereign wealth funds are poised to swoop on the flagship Debenhams store in Oxford Street, following the collapse of a £150m deal with a Ukrainian investor.
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MAPIC: Old Mutual to launch socially responsible investment property fund next year
21 November 2008
South African property investment group Old Mutual Investment Group Property Investments is set to launch a new socially responsible investment (SRI) property fund in early 2009.
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MAPIC: Quinlan Private launches Slovakia scheme
21 November 2008
Quinlan Private Golub has revealed its plans for its South City Regional shopping centre in Bratislava, Slovakia.
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MAPIC: Saturn signs at Bouwfonds MAB Development's scheme
21 November 2008
Electrical goods retailer Saturn has signed at Bouwfonds MAB Development’s scheme in Paris.
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MAPIC: Shopping centre buyers decline
21 November 2008
Buyers of shopping centre assets have reverted to a core specialist group of investors.
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Clothes retailer Mark One in administration again
20 November 2008
Clothes retailer Mark One has collapsed into administration for the second time in seven months.
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MAPIC: ING Real Estate to focus on retail refurbishments
20 November 2008
ING Real Estate revealed that the restructuring and refurbishment of its existing retail stock will become central to its retail development pipeline.
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MAPIC: Flagship stores should pay more rent for promotional opportunity
20 November 2008
Retailers with flagship stores on the world’s leading shopping streets are benefitting from a brand awareness vehicle stronger than traditional advertising.
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Waterstone Estates buys Swansea Waterfront scheme
20 November 2008
South-Wales based property company Waterstone Estates has bought half an acre on the Swansea waterfront for £9.2m from the Welsh Assembly Government.
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MAPIC: Europe's 'Big Five' to regain investment market share in 2009 says JLL
20 November 2008
Uncertainty in global economies will lead to the ‘Big Five’ European countries recapturing investment market share in 2009, says new research by Jones Lang LaSalle.
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MAPIC – New York’s Fifth Avenue to thrive despite US meltdown
20 November 2008
Amidst the sub-prime crisis, falling house prices, strengthening dollar and turmoil in the financial markets, New York’s Fifth Avenue is set to continue to thrive.
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MAPIC: Central and Eastern Europe, Portugal and Finland to buck falling retail sales, says ING
19 November 2008
ING Real Estate is projecting that retail sales growth will remain positive, and demand for retail space remain high in central and Eastern Europe, in particularly the Czech Republic, Poland, Slovakia and Romania.
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Mapic: Global retail rents soar, but Bond Street falters
19 November 2008
Retail rents in the world’s leading shopping streets continue to grow despite the global economic downturn, according to Cushman & Wakefield’s latest Main Streets Across the World report launched at MAPIC.
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Woolworths in sale talks
19 November 2008
Woolworths is in talks with distressed retail specialist Hilco over the sale of its 815-store chain.
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MAPIC: Designer outlet centre sales benefit from economic downturn
19 November 2008
Retail sales and rents in designer outlet centres are continuing to grow and are actually benefitting from the economic downturn, according to the CEO of McArthurGlen European Development, Gary Bond.
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MAPIC: Dutch retail being bolstered by international retailers
19 November 2008
Rising interest among international retailers and higher demand for flagship stores is helping to bolster retail demand and maintain rents in prime shopping locations in the Netherlands.
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MAPIC: Retail prime rents to fall
19 November 2008
Retail rents in western Europe will fall says King Sturge.
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MAPIC: Retail demand remains strong for Italian centres
18 November 2008
According to the latest Savills Italian research out-of-town retail report, despite the lower consumer confidence triggered by the global economic downturn, retailers continue to be active in Italy.
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MAPIC: Europe could house 300 new designer outlets centres
18 November 2008
Europe has the potential to develop another 300 designer outlets centres, according to research from GVA Grimley Outlet Services.
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Basildon council seals £247m housing estate regeneration deal
18 November 2008
English Partnerships, Basildon District Council and Swan Housing Group have agreed a £247m deal to regenerate Basildon’s Craylands and Fryerns estate.
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Grainger’s Latin American market scheme gets green light
18 November 2008
Grainger was last night granted planning consent to redevelop Wards Corner in Haringey following a dispute with residents over a Latin American market at the site.
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Brixton signs umbrella maker at Park Royal
18 November 2008
Brixton has let 27,700 sq ft at Premier Park in Park Royal, West London, to umbrella maker, A Fulton Company.
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Mapic: Top retail locations globally still attract rising rents
18 November 2008
The downturn has polarised the rents achieved in primary and secondary locations across the globe according to CB Richard Ellis’ latest Global Retail Rents Survey.
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West End sees less shoppers, but still outperforming the nation
18 November 2008
London’s West End experienced a 0.8% year on year drop of shoppers visiting its stores in October, but still out performed a national drop on the high street of 6.6%.
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Starwood to target UK for W hotel expansion
18 November 2008
Global hotels group Starwood Hotels & Resort plans to open up to 10 W hotels in the UK, including up to five in London within 10 years.
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Budget boom leads to first Edinburgh Aldi
17 November 2008
Budget food retailer Aldi is to submit plans for its first Edinburgh supermarket.
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London’s West End comes top in European retail rankings
17 November 2008
London’s West End is officially Europe’s leading shopping destination, according to research by Experian.
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Newcastle’s Stephenson Quarter scheme gets the green light
14 November 2008
Council has approved plans by local developer Silverlink Holdings for its proposed Stephenson Quarter mixed-use development.
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Haymarket site called in as Unesco visits Edinburgh
14 November 2008
Tiger Developments’ plans for a hotel scheme in Haymarket in Edinburgh have been called in by the Scottish Government as Unesco arrives in the city to inspect its heritage credentials.
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Sainsbury's submits expansion plans in Welwyn Garden City
14 November 2008
Sainsbury’s has submitted a planning application to Welwyn and Hatfield Borough Council to build a larger, store at its site in central Welwyn Garden City, Hertfordshire.
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Downturn sees Netto cut property staff
13 November 2008
Discount supermarket chain Netto is to make up to 12 staff redundant across its property and distribution teams.
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BCSC 2008: Decision makers needed for Olympics says Higgins
13 November 2008
The future of East London’s 2012 Olympic Games’ site needs a more holistic approach, according to David Higgins, chief executive of the Olympic Delivery Authority.
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Sir Philip Green takes lead stake in Moss Bros
12 November 2008
Sir Philip Green, the owner of BHS and Topshop, has become the largest shareholder in Moss Bros, the men’s wear chain, paying £6.7m for the 28.5 per cent stake controlled by Baugur, the Icelandic investment group.
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Aldi and Lidl join other discount supermarkets to gain from the financial downtown
12 November 2008
Discount supermarkets are thriving in the current economic downturn, according to the latest statistics from TNS Worldpanel.
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BCSC 2008: Treasury Holdings unveils Ballymun regeneration plans
11 November 2008
Treasury Holdings has unveiled its plans for the regeneration of Ballymun town centre in North Dublin following a six-year protracted pre-planning process and the end of a dispute with Dublin City Council.
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Oakdene Group secures RBS £30m funding for West End hotel revamp
10 November 2008
Oakdene Group has secured a £30m funding package with Royal Bank of Scotland to buy and redevelop the Montcalm Hotel in London’s West End.
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Qatar has ‘no involvement’ in funding of Olympic Village
7 November 2008
The Olympic Delivery Authority remains committed to working with Lend Lease on the development of the Olympic Village.
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Covent Garden's St Martin’s Courtyard signs first retailer
7 November 2008
H&M’s sister brand COS (Collection of Style) has signed at Shaftesbury and The Mercers Company’s Covent Garden development.
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Ain’t nothing going on with the rent
Retail and leisure supplement November 2008
Battered retailers bracing themselves for big rent hikes in Britain’s big shopping centres could be surprised. Christine Eade reports
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Bacon’s lucky streak
Retail and leisure supplement November 2008
Tim Bacon, the entrepreneur behind the Living Room and Gusto chains, is still hungry for more. Michael Lane reports
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Blast from the past
Retail and leisure supplement November 2008
Secondhand-clothes retailer Beyond Retro is cashing in on the trend for vintage. Laura Chesters reports
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Counter attack
Retail and leisure supplement November 2008
Small retailers are calling the shots as landlords resort to offering short-term leases at bargain prices to fill voids. Mark Shepherd reports
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Family values
Retail and leisure supplement November 2008
Mark Shepherd meets Warren Ashwood, 46, a partner in Cushman & Wakefield’s retail asset management team and his cousin-in-law, Keith Mabbett, 52, senior leasing executive at Westfield
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International rescue
Retail and leisure supplement November 2008
World food supermarkets are dining out on units vacated by failed retailers. Laura Chesters reports
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Retail and leisure supplement introduction
Retail and leisure supplement November 2008
There was a time when the thought of having a temporary retailer in a shopping centre would make landlords break out in a sweat.
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Retail and leisure supplement November 2008
Retail and leisure supplement November 2008
Retail and leisure supplement November 2008
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Super Tuesday
Retail and leisure supplement November 2008
Mobile phone-led research has revealed the nation loves midweek shopping. Christine Eade reports
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Swan investors
Retail and leisure supplement November 2008
The £365m ‘Project Swan’ sale of three designer outlets to a Henderson fund belies the general financial meltdown. Christine Eade reports
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Top of the shops
Retail and leisure supplement November 2008
Trevor Wood Associates today publishes Going Shopping 2008: the Definitive Guide to Shopping Centres
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Kurt Geiger and Hugo Boss make Welsh debut at St David’s 2
6 November 2008
Upmarket retailers, Kurt Geiger and Hugo Boss will make their Welsh debut in 2009 thanks to their signing at St David’s 2 in Cardiff city.
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Hazel Blears gives indoor ski centre, SnOasis the go-ahead
6 November 2008
The Secretary of State for Communities and Local Government, Hazel Blears has approved the winter sports development.
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€50m John Lewis store to debut in Dublin
6 November 2008
John Lewis has confirmed it is to debut in Ireland and open its first non-UK store in the capital city at Chartered Land's O'Connell Street scheme.
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Edinburgh Woollen Mill buys Rosebys stores
6 November 2008
Curtain retailer Rosebys has been rescued by retailer Edinburgh Woollen Mill.
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John Lewis to spruce up Bluewater store
4 November 2008
John Lewis is to embark on a £20m refurbishment of its Bluewater store to include a food hall for the first time.
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Waitrose opens in Dubai
4 November 2008
Waitrose, the food shops of the John Lewis Partnership, has today opened the first of two stores in Dubai, UAE - its first shops outside the UK.
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Go ahead for All Saints scheme in Rotherham
4 November 2008
Liverpool based developer Iliad has got the go ahead for its All Saints’ building in Rotherham town centre.
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Eye on retail with JLL's Guy Grainger
4 November 2008
Jones Lang LaSalle's head of UK Retail, Guy Grainger, makes some predictions for the Christmas period, looks at retail in general, and talks about the opening of Westfield London and how this might affect London's West End.
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Trump gets planning consent for £1bn golf resort
3 November 2008
Donald Trump’s plans for a £1bn golf resort in Aberdeenshire have been giving planning consent by the Scottish government.
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UK property losses rack up due to mounting capital value deflation, says IPD
3 November 2008
The all property total return index fell for the fifth consecutive quarter, over the three months to 30th September 2008, falling -4.8%, according to the IPD UK Quarterly Property Index
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Demand from occupiers falls at fastest rate in decade, says RICS
3 November 2008
The demand for commercial property during the third quarter fell at the fastest pace in a decade, according to the RICS’ Commercial Property Survey published today.
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European cities descend on MAPIC to push retail offering
1 November 2008
Cities from across Europe are targeting MAPIC 2008 to explain and develop the importance of the retail sector in their overall marketing strategies.
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Retail rents highest in Paris, London, Moscow and Dublin says JLL
31 October 2008
Retail rents along Paris’ Champs Elysees remain the highest in Europe, according to Jones Lang LaSalle’s first report on Prime High Street Rents in Europe.
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Le Méridien hotel on Piccadilly up for sale
31 October 2008
Starwood Capital and Lehman Brothers are selling the £90m Le Méridien hotel in Piccadilly in London.
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Hermes and Prupim’s Centre:MK recommended for listing
31 October 2008
English Heritage has recommended that Hermes and Prupim’s Centre:MK be Grade II* listed in an unprecedented move which would see 1km of Milton Keynes’s town centre protected from demolition.
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Ukrainians under offer to buy Debenhams on Oxford Street
31 October 2008
A Ukrainian investor is under offer to buy the British Land-owned Debenhams block in London’s West End for £150m.
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100,000 people flock to Westfield London today
30 October 2008
It opened at 8am, and by 5pm, 100 thousand had arrived.
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Westfield London now open
30 October 2008
Westfield London was opened today by mayor of London Boris Johnson and Westfield chairman Frank Lowy
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JD Wetherspoon ‘exclusivity row’ with former property advisor hits High Court
28 October 2008
JD Wetherspoon accused its former property advisor Van de Berg & Co of breaching its duty to the company in the High Court today.
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Sales on the UK high street fall
28 October 2008
Sales on the UK high street have fallen for a seventh consecutive month in October and retailers see no respite in November according to the latest CBI report.
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Leeds United submits Elland Road redevelopment
28 October 2008
Leeds United has submitted a planning application to Leeds City Council today seeking the redevelopment of its Elland Road grounds.
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Dublin’s Grafton Street remains fourth most expensive retail location in Europe
24 October 2008
Grafton Street is the fourth most expensive retail location in Europe said Jones Lang LaSalle today in its first Prime High Streets Europe report.
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Ocean Outdoor scoop £70m advertising contract for Westfield London
23 October 2008
Westfield London shopping centre has chosen Ocean Outdoor for a 10-year £70m outdoor advertising contract
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Co-op takeover of Somerfield 'OK'
22 October 2008
The Co-op takeover of supermarket chain Somerfield has been given the go-ahead by the Office of Fair Trading
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Aldi and Travelodge unite to develop sites
20 October 2008
Budget brands Aldi and Travelodge have teamed up to take advantage of development opportunities arising as a result of the credit crunch.
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London’s Bow Street Magistrates’ Court to become hotel
17 October 2008
Westminster City Council has granted planning permission for Irish property and investment company Edward Holdings to turn Bow Street Magistrates’ Court in London into an hotel.
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F&C Reit to sell hotels
17 October 2008
F&C Reit Asset Management has put up for sale nine Swallow Hotels.
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Warner Estate Holdings renegotiates with banks
17 October 2008
Warner Estate Holdings has renegotiated a bank facility changing its loan to value covenants for its combined facilities of £415m to an average of 79% compared to 75% at 31 March 2008.
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Ballymore and Merepark win consent for Liverpool hotel
15 October 2008
A joint venture between Merepark and Ballymore has been granted permission to convert a building next door to Liverpool’s Lewis’s building into a four-star hotel.
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Cheltenham Council plans town centre redevelopment
15 October 2008
Cheltenham Borough Council has got the green light to set up a partnership to redevelop some of the town’s key sites.
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The Wolseley owners to open highest restaurant in London
14 October 2008
The owners of the celebrity-favoured Wolseley restaurant on Picadilly have agreed to lease the top floors of the proposed The Pinnacle tower scheme in the City of London.
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Jumeirah signs for 25-storey luxury hotel in Glasgow
14 October 2008
Jumeirah, the Dubai-based luxury hotel group, plans a five-star hotel in Glasgow, Scotland.
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JJB Sports to sell non core assets
14 October 2008
Sports operator JJB Sports today said it was undertaking a review of its non-core assets with a view of a potential sale.
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Carlyle submits plans for Oxford scheme
13 October 2008
US private equity firm Carlyle Group has submitted a planning application for a £22m mixed-use scheme in the Queen Street area of Oxford city centre.
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Baugur founder to 'lose control' of UK retail in deal with Sir Philip Green
13 October 2008
The founder of Baugur yesterday admitted he would lose control of the retail group that spans the House of Fraser department store chain and the Hamleys toy retailer if a planned deal with UK entrepreneur Sir Philip Green goes ahead.
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Canary Wharf’s Wood Wharf given green light
10 October 2008
Plans for a major waterside development at the London’s Canary Wharf estate was granted outline planning consent by Tower Hamlets council last night.
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Gap opens new 10,000 sq ft store in Wandsworth
10 October 2008
Fashion retailer Gap has opened a 10,000 sq ft store at Southside Shopping Centre in Wandsworth, south London.
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High-street gift card group, Celebrations Holdings goes into administration
9 October 2008
Celebrations Holdings Group, the high-street gift card retailer which trades under the names Card Warehouse and Cardfair, has gone into administration.
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Centros's Bury St Edmunds shopping scheme signs three more retailers
9 October 2008
Centros’s new scheme ‘arc’ has signed Paperchase, Clarks and Crew Clothing.
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Sir Philip Green holds court with landlords
9 October 2008
Sir Philip Green’s meeting with landlords took place yesterday.
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Fashion retailer Joy partially saved
8 October 2008
Fashion and gifts retailer Joy has been bought out of administration by management.
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Aldi and Lidl could expand into 1000 new locations as middle class seeks discounts
8 October 2008
Supermarkets such as Lidl and Aldi will be going head to head with the likes of Sainsbury’s as middle class families begin to shop at discount supermarkets according to the latest study by CACI.
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Cabot Circus hits 1 million shopper mark
7 October 2008
Bristol’s Cabot Circus has attracted more than one million consumers since it launched on 25 September.
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New Covent Garden Market redevelopment gets green light
7 October 2008
Hilary Benn, Secretary of State for Environment, Food and Rural Affairs, has granted consent to the redevelopment of the New Covent Garden Market site at Nine Elms in Vauxhall, London.
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MFI in administration but more than 100 shops saved
7 October 2008
More than half of MFI’s stores are to be saved after the company went into administration yesterday.
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Westfield gets more than 50% leased at Bradford
7 October 2008
Westfield has signed up a further three retailers at its £320m Westfield Bradford development.
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Restaurants eat up space in Aberdeen
7 October 2008
Hammerson has secured four new restaurants at its £250m Union Square development in Aberdeen.
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Derwent London hooks HOK in Qube
6 October 2008
Derwent London has let over 27,000 sq ft at its Qube Development in central London to architecture firm, HOK International.
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Paul Myners steps down as LandSecs director and chairman
3 October 2008
Land Securities’ director and chairman Paul Myners has stepped down from his position at the UK’s largest REIT.
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Aberdeen secures fashion favourites
3 October 2008
The Bon Accord & St Nicholas shopping centres in Aberdeen have secured five fashion brands.
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Cap & Reg agrees new covenant for Junction fund
3 October 2008
Capital & Regional revealed today that it had agreed a deal with lenders to relax the loan-to-value covenant on its £962m Junction retail park fund.
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Blacks Leisure expects loss in full year results
3 October 2008
Outdoor retailer Blacks Leisure expects to make a pretax loss of around £4.5m this year because of poor trading activity, especially during August, and a sales drop of 16% in the Boardwear market.
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GuestInvest goes into administration
3 October 2008
Hotel room investor GuestInvest, run by Johnny Sandelson, has gone into administration.
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Bargain hunt
Out of town retail supplement October 2008
Retail park values have plummeted since the credit crunch, to the point where they are now attracting the kind of investors seeking high yields. Christine Eade reports
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Bleeding dry
Out of town retail supplement October 2008
Soaring petrol prices are hitting out-of-town shoppers at the pumps and in their pockets. Aditi Shah reports
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Deep impact
Out of town retail supplement October 2008
The government is proposing to substitute the ‘needs test’ for out-of-town development with an ‘impact test’. Christine Eade reports
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Family values
Out of town retail supplement October 2008
Christine Eade meets Andrew Hulme, 30, associate partner specialising in retail warehouse investment at Strutt & Parker, and his wife, Alexandra Hulme, 30, who runs the London office of Caddick Developments
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Good in beds
Out of town retail supplement October 2008
A bed retailer is turning the table on landlords and driving hard bargains as it expands. David Hatcher reports
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Introduction
Out of town retail supplement October 2008
Retail warehouses used to be the perfect institutional investment.
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National services
Out of town retail supplement October 2008
On-site garages that carry out services and MOTs could boost trade at retail parks. Christine Eade reports
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Premier league footfall
Out of town retail supplement October 2008
Football clubs’ promotion dreams are being dashed as the retail development that would pay for new stadia goes on hold. David Hatcher reports. Photographs by James Winspear
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Retailers in disarray
3 October 2008
Several retailers went into administration this week, while others asked to pay rents monthly in an attempt to stay afloat.
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The edge of reason
Out of town retail supplement October 2008
Out-of-town retail could play a strategic role in riding the recession, a lobby group claims. Michael Lane reports
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Wilson Bowden sales buffeted by bears
3 October 2008
Offices and retail under offer at discounts, but industrial disposals falter
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Jaeger opens flagship store in new Westfield development
2 October 2008
Jaeger Westfield will open at the end of the month.
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Milton Keynes shopping centre, Midsummer Place now fully let
2 October 2008
Legal & General has secured shirtmakers T M Lewin and jeweller Azendi at Midsummer Place, making it fully let.
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Suffolk brewer sells pubs to Scottish & Newcastle
2 October 2008
Adnams, the Suffolk-based brewer and pub operator, has sold a package of four freehold pubs to Scottish & Newcastle Pub Enterprises (S&NPE ) for around £1.2m.
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Miss Sixty puts stores into administration
1 October 2008
Miss Sixty, the young fashion brand, has put its retail business in administration.
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RevCap and Turnstone lodge £50m Ipswich plans
1 October 2008
A joint-venture between Essex-based property company Turnstone Estates and RevCap have submitted a planning application for a £50m mixed-use scheme in the centre of Ipswich.
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MFI in rent plea
1 October 2008
DIY retailer MFI has posted a notice of intention to appoint administrators this week, as revealed in Property Week last week.
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Liverpool One's second phase opens today
1 October 2008
Grosvenor is today opening phase two of Liverpool One and has signed a raft of new names taking the £1bn scheme to 92% let.
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Joy goes into administration
30 September 2008
Fashion and gifts retailer Joy has fallen into administration.
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Enterprise shares jump as REIT plan delayed
30 September 2008
Shares in listed pub group Enterprise Inns leapt 14% to 179p in early trading, after the company announced that it was delaying its planned REIT conversion in order to preserve cash.
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Arsenal to include sports centre as part of Queensland Road plans
29 September 2008
Arsenal has agreed to develop a sports centre as part of its revised plans for the Queensland Road development following a public consultation and discussions with Islington Council.
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Rosebys goes into administration
29 September 2008
Rosebys, the home furnishings retailer, has gone into administration.
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JP Morgan Asset Management has teamed up with Exemplar to buy Richmond Riverside for around £42m.
26 September 2008
It is thought the price paid reflects a 7.25% yield.
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Retailers’ body urges property owners to follow Hermes’ lead on monthly rents
26 September 2008
The British Retail Consortium today called on all commercial property landlords to emulate Hermes and offer tenants the chance to pay rent monthly rather than quarterly on existing leases.
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Bristol’s Cabot Circus shopping centre opens
25 September 2008
The Land Securities and Hammerson partnership, Bristol Alliance, is celebrating the opening of the £500m scheme today.
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Delancey and LandSecs submit Clapham Junction station plans
24 September 2008
Delancey and Land Securities’ Metro Shopping Fund has today submitted plans to Wandsworth Borough for a major development at Clapham Junction station.
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Land Securities submits plans for 426,000 sq ft development in Victoria
24 September 2008
Land Securities has submitted a planning application for a 426,000 sq ft development in London’s Victoria.
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Lancashire plan £200m Old Trafford revamp
23 September 2008
Lancashire County Cricket Club has revealed its £200m plans for the re-development of Old Trafford cricket ground.
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M&S signs at ProLogis Park Bradford
23 September 2008
Marks & Spencer has taken a 1.1m sq ft distribution shed at ProLogis Park Bradford.
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Sofia shopping centre sold for £80m
22 September 2008
Equest Balkan Properties, the property investment firm, has sold City Center Sofia Mall to Heitman European Property Partners III for E101.5m (£80.3m).
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Europeans’ UK fashion showing
19 September 2008
Two European fashion retailers are planning to launch stores in the UK, offering a boost to the ailing shopping centre market.
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Ping Pong serves up takeaway outlets
19 September 2008
Ping Pong, the dim sum restaurant chain, is poised to launch a new concept.
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Record lettings Mount up in Mayfair
19 September 2008
French designer Lanvin and Richard Caring’s George deli are among the latest luxury retailers to take lettings on Mount Street in London’s Mayfair.
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Restaurants make reservations at Westfield London
19 September 2008
Westfield has a host of restaurant lettings on the menu at its new shopping centre, which opens next month in London’s Shepherd’s Bush.
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Highcross shopping centre hits 1 million customers
18 September 2008
Hammerson and Hermes’ Highcross shopping centre has attracted over a million people since its launch a fortnight ago.
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Deka buys £90m Cambridge Retail Park
18 September 2008
Deka Immobilien has bought Cambridge Retail Park from Henderson and Morley for €114m (£90.2m).
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Green light for 600,000 sq ft City of London scheme
18 September 2008
Insurance company Generali with joint venture partner Babcock & Brown through their Saxon Land joint venture have got the go ahead for a 600,000 sq ft, scheme at 120 Fenchurch Street.
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Retail property heads depart as store openings decline
18 September 2008
The property chiefs of two high street retailers are departing ahead of a cut in store openings.
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Holland & Barrett Group buys Julian Graves stores
17 September 2008
NBTY Europe, the parent company of health food chain Holland & Barrett, has bought rival chain Julian Graves from Icelandic retail investor Baugur.
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Commerz Real buys Great Portland office
17 September 2008
Great Portland Estates has sold 180 Great Portland Street in London's West End to Commerz Real for £79.5m.
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Footwear deal ties up 180,000 sq ft of deals at St Modwen’s Quedgeley in Gloucester
16 September 2008
St Modwen has let more than 30,000 sq ft of warehouse space to footwear distributor Gardiner Bros & Co at its Quedgeley West business park in Gloucester.
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Eurohypo finances £1bn of UK property
16 September 2008
Eurohypo’s UK team has financed deals with £620m over the summer, it was revealed today.
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DevSecs extends loan to Oriental City buyer
16 September 2008
Development Securities has extended a loan note to the purchaser of Oriental City in Colindale, north London for a third time.
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IPD: Property total returns fall by -1.1% for August
12 September 2008
Property returns are slowly improving.
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Capital & Regional sees further falls in fund values
12 September 2008
Capital & Regional, the co-investing retail and leisure property fund manager, suffered further portfolio value falls in August.
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Developers to foot bill as Croydon arena dream dies
12 September 2008
Borough council has no obligation to help partners with £7m-plus costs
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Little common ground at retailer peace talks
12 September 2008
Landlords fear that retailers may act unilaterally and pay rent monthly
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Medsea to lose its AIM listing
12 September 2008
Medsea Estates, the Mediterranean holiday home developer, plans to quit the stock market.
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Retailers face 16% rates bill rise
12 September 2008
Retailers in England face a massive 16% average increase in their rates bills from April 2010.
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Russian retail boom keeps Raven on its perch
12 September 2008
Raven Russia produced a solid set of half-year results this week, claiming the Russian economic environment was still ‘positive’.
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Edaw appointed to advise on Whitehill Bordon eco town
11 September 2008
East Hampshire District Council appointed planning and landscape design consultancy EDAW is to work on a proposed Eco-town in Whitehill Bordon.
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Morrisons sees reasons to open new stores
11 September 2008
Morrisons is planning to open eight stores in the second half of this year after posting strong interim results.
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John Lewis warns the short-term future will be ‘challenging’
11 September 2008
The retail giant said the credit crunch had crushed consumer confidence, which slowed sales.
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Town Centre Securities sees 7% fall in net asset value
10 September 2008
Town Centre Securities, the Leeds based property and development company, has been hit by a 7% fall in net asset value after writing down its property portfolio by 15.7% to £450m.
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Retailer Sports Direct says it's had 'hardest year in history'
10 September 2008
Listed sports retailer Sports Direct International has repositioned its store portfolio it said today.
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Peel’s Durham Tees Valley Airport hotel plans
10 September 2008
Peel Holdings has submitted plans for a 100 bedroom- hotel at Durham Tees Valley Airport.
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Aldi signs in Stoke
9 September 2008
Aldi, the supermarket chain, has agreed terms with Stoke-on-Trent Regeneration a joint venture between St Modwen Properties and Stoke City Council to anchor its Stoke scheme.
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Retailers hit by massive rates hike
9 September 2008
Hard-pressed retailers in England face a massive 16% average increase in their rates bills from April 2010, according to new research from GL Hearn and Investment Property Databank (IPD) published today.
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MFI payment dispute settled
9 September 2008
Furniture retailer MFI has settled a payment dispute with former parent company Galiform.
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M&S signs up at Preston’s Tithebarn scheme
8 September 2008
Grosvenor and Lend Lease have signed Marks & Spencer at their Preston Tithebarn scheme.
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Local Shopping REIT refinances
8 September 2008
The Local Shopping REIT, which buys neighbourhood retail parades, has agreed a £60m debt facility.
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Klin Group to develop £65m hotel and retail space in Kilmarnock
5 September 2008
The Encore project will include a 26-room boutique hotel aiming to re-brand the former industrial town as a tourist destination.
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London Town pub group appoints chief executive officer
5 September 2008
London Town, the AIM-listed pub company backed by property entrepreneurs Jack Petchey and the Richardsons, has appointed Billy Buchanan to a joint role of chief executive officer and financial officer.
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Junction sells duo
5 September 2008
JP Morgan has placed two of the Junction’s retail parks under offer.
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Expansion drives sales growth at Whitbread
4 September 2008
Whitbread today reported strong sales growth for the first half of the year, driven by its expansion plans.
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Starwood brings W hotel to London and Manchester
3 September 2008
Starwood Hotels & Resorts Worldwide has signed up to make its UK debut for its W branded hotel in London and Manchester.
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Punch Taverns puts REIT conversion on hold and suspends dividend
3 September 2008
Punch Taverns shares slumped this morning as it said it would not pay a final dividend and was delaying a REIT conversion to concentrate on maintaining the strength of the balance sheet.
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St George faces Ealing footpath dragon
3 September 2008
St George’s plans for a 700 homes development in Ealing could be scuppered after the London council announced an inquiry into whether footpaths crossing the site should be closed to the public.
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Electrial retailer DSGi attempts turnaround
3 September 2008
Electrical retailer DSG international is set to open a large format store in the UK in the next few weeks as it attempts to turn the struggling business around.
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Lend Lease bolsters retail team
2 September 2008
Lend Lease has appointed Prupim’s Mark Boor to join as head of asset management.
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Westfield resubmits plans and calls for public inquiry at Northern Ireland's Sprucefield
2 September 2008
Australian developer Westfield and Irish developer Snoddons have resubmitted a planning application for the £150m Sprucefield retail development in Northern Ireland.
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Grantside’s chocolate plans squashed
1 September 2008
York City Council has refused to grant planning consent to privately-owned developer Grantside’s £185m plans for the redevelopment of the former Terry’s Chocolate factory.
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John Rand appointed MD at Hartnell Taylor Cook
1 September 2008
John Rand has been appointed as managing partner of Hartnell Taylor Cook taking over from Andrew Batchelor.
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Elliot Lipton's First Base gets consent for Greenwich District Hospital scheme
1 September 2008
Joint venture team First Base and English Partnerships have received planning permission for a major redevelopment of the former Greenwich District Hospital
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CBRE leisure man leaves
29 August 2008
Leisure specialist Jeremy Simmons is leaving CB Richard Ellis today to set up on his own.
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Liverpool FC confirms further stadium delays
29 August 2008
Liverpool Football Club has mothballed its plans for a new 73,000-seat stadium.
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Westfield London laps up luxury in high-end Village
29 August 2008
Prada, Gucci and Christian Dior among brands taking centre to 96% let
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Green cranks up monthly rent pressure on landlords
28 August 2008
Billionaire retailer Sir Philip Green has stepped up his campaign with landlords to pay rent monthly and is now also to ask for concessions on service charge and insurance.
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Israelis seal deal for Café Royal
28 August 2008
Israeli hotel group Alrov has exchanged contracts with the Crown Estate for a 125 year-lease of the Café Royal block at the south end of Regent Street.
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Forth Ports planning win brings a new Leith of life to Scottish docklands
27 August 2008
Forth Ports' plans for Edinburgh’s Leith Docks, the largest planning application ever submitted in the Scottish capital, were given outline approval by the city council today.
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B&Q kick starts Rotherham retail scheme
27 August 2008
B&Q has exchanged contracts with developer Henry Boot Developments to take 51,000 sq ft at Northfields retail and business park in Parkgate, Rotherham.
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Warner Estate signs £100m Aylesbury development agreement
27 August 2008
Warner Estate and Aylesbury Vale District Council have signed a development agreement for the 360,000 sq ft Waterside Shopping regeneration scheme in Aylesbury town centre, it was announced today.
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Grosvenor signs residential leasing deal at Liverpool One
27 August 2008
Grosvenor, the Duke of Westminster’s property company, has signed an agreement with two residential specialists to lease more than 170 apartments at its Liverpool One development.
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Ireland’s Swords Pavilions plans €1bn expansion
27 August 2008
Ireland’s Chartered Land has applied for planning permission for a major expansion of its Swords Pavilions shopping centre in Fingal, north Dublin.
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Stalled Newbury scheme to go ahead
27 August 2008
Standard Life Investments will go ahead with proposed redevelopment in Newbury.
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Junction fund sells Oxford retail park
26 August 2008
Resolution has bought the Junction funds’ Templars retail park, Oxford for £57m.
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Irish commercial property market ‘at virtual standstill’ says CB Richard Ellis
26 August 2008
The Irish property investment market is at a ‘virtual standstill’ ahead of the autumn selling season with investment totals for the first half of the year down significantly from previous years, said CB Richard Ellis today.
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Second retail giant buys into Liberty
26 August 2008
Australian shopping centre giant Westfield has a 2.96% stake in UK shopping centre REIT Liberty International.
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Modus signs up two retailers in Blackpool
22 August 2008
Modus has signed up two new retailers for its Houndshill Shopping Centre in Blackpool, a week before the centre opens.
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Sainsbury’s takes it to the Bridge
22 August 2008
Retailer makes distribution relocation U-turn in battle to cut costs
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Targetfollow's £122m Norwich scheme gets consent
21 August 2008
Aredeshir Naghshineh’s Targetfollow has received planning permission for its £122m Hartford Place development to the south of Norwich City Centre.
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Retailers ask chancellor to help push down property costs
21 August 2008
The British Retail Consortium (BRC) is to write to the chancellor Alistair Darling ahead of the Pre-Budget Report today.
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Tesco completes £605m sale and leaseback
21 August 2008
Tesco has carried out a £605m sale and leaseback deal - selling 13 properties in four separate deals with a total floor space of more than 1.7m sq ft.
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Argo gets E75m loan for Ukraine shopping scheme
21 August 2008
AIM-listed Argo Real Estate Opportunity Fund has secured a E75m (£59.3m) loan for a shopping centre development in Ukraine.
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Glasgow's Easterhouse Town Centre set for £75m regeneration
21 August 2008
Plans for the redevelopment of Easterhouse Town Centre moved a step closer yesterday after planning consent was granted for a second phase at Glasgow Fort Shopping Park and a neighbourhood centre.
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Hazel Blears approves Doon Street tower scheme
20 August 2008
The Secretary of State Hazel Blears yesterday approved Coin Street Community Builders’ plans for a residential and leisure scheme including a 144-metre tower on London’s South Bank.
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Cap & Reg’s exchanges contracts for German JV with Apollo
20 August 2008
Capital & Regional has exchanged contracts with US Fund Apollo Real Estate Advisors to set up a joint venture for its German retail assets.
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AFI Development secures further approval for major Russia scheme
20 August 2008
AFI Development has received further planning approval for its $7.6bn (£4bn) scheme in Kuntsevo in Moscow, Russia.
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Firoka ends plans to redevelop Ally Pally leisure scheme
20 August 2008
Firoka Group has pulled out of plans to create a £55m leisure and residential development at Alexandra Palace in north London.
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Secret Drawer lingerie retailer to open at Liverpool’s Metquarter
20 August 2008
Independent lingerie retailer Secret Drawer has agreed to open a store in the Whitechapel area of Liverpool’s Metquarter shopping centre.
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JLL buys Turkey's Alkas Consulting
19 August 2008
Jones Lang LaSalle has increased its corporate spending this year with the purchase of Turkish firm Alkas Consulting.
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Plans submitted for £200m Leicester scheme
19 August 2008
Leicester-based developer Bowbridge Group has submitted plans for the £200m redevelopment of the former Corah factory in Leicester city centre.
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Rochdale Council to re-tender £250m town centre scheme after EU ruling
19 August 2008
Rochdale Council has been forced to rip up its £250m agreement with Wilson Bowden for the redevelopment of Rochdale town centre as a result of an EU ruling.
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BAA and Morley sell £309m airport property portfolio to Surinder Arora
18 August 2008
Property entrepreneur and hotelier Surinder Arora has agreed a deal to buy £309m of assets from the Airport Property Partnership, a joint venture between BAA and Morley, in one of the biggest investment transactions to complete this year.
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Debenhams to start fit-out at Bury St Edmunds
18 August 2008
Developer Centros has handed over the anchor store to Debenhams to fit out at its £105m Arc scheme in Bury St Edmunds.
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US lawsuit against Harcourt dismissed as Jersey scheme moves on
18 August 2008
Harcourt Developments has had two claims filed against it in a Las Vegas court dismissed after a US judge ruled that the complaints could not be supported.
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Sainsbury’s to relocate to Capital Shopping Centre’s Braehead Retail Park
15 August 2008
Sainsbury’s has agreed a deal to move from Capital Shopping Centre’s Braehead shopping centre to a larger store at Capital’s Braehead Retail Park.
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Healthy expansion
15 August 2008
Health food retailer Holland & Barrett is continuing its expansion scheme with five new openings around the UK, despite a tough forecast for the retail sector.
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Individual Restaurant Company plans UK expansion
15 August 2008
Manchester-based Individual Restaurant Company has secured £18.5m from Lloyds TSB Corporate Markets to fund its national expansion plans.
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Gulliford joins CBRE
14 August 2008
James Gulliford will join CB Richard Ellis this month as national head of out-of-town retail investment within its retail capital markets team.
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Shelley Sandzer to let Portobello Dock
14 August 2008
Agent Shelley Sandzer has been appointed by Derwent London to let part of the former home of Virgin Music at Portobello Dock.
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Greggs joins Trinity Walk
14 August 2008
Modus has signed Gregg’s bakers to its Trinity Walk scheme in Wakefield.
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Café Nero comes to Hammersmith
14 August 2008
Café Nero has agreed to take a lease on a site on the Hammersmith roundabout in London.
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Chesterfield football club gets go ahead
14 August 2008
Wilson Bowden has got the go ahead for the redevelopment of the former Dema Glass site in Chesterfield, Derbyshire.
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Anschutz seeks consent on final portion of the O2
13 August 2008
Anschutz Entertainment Group has lodged an outline planning application with Greenwich council for the final 30% of the O2 entertainment centre.
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Premier Inn signs in Preston
13 August 2008
North-west-based developer Kubik Design has signed up Whitbread-owned hotelier Premier Inn to anchor its £25m Gateway scheme in Preston.
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Casa Brindisa signs up in London's South Ken
13 August 2008
Tapas restaurant Casa Brindisa has signed up to open its second restaurant and shop in London’s South Kensington.
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Manor Kingdom Estates plans first 5-star hotel in Scottish Borders
13 August 2008
Manor Kingdom Estates and hotel operator De Vere have submitted a planning application for the first five star hotel in the Scottish Borders.
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Asda Living signs up in Llantrisant
13 August 2008
Asda has taken a 14,982 sq ft unit at Glamorgan Vale Retail Park in Llantrisant for an Asda Living store.
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Hortons' signs two retailers in Brum
13 August 2008
Birmingham-based Hortons’ Estate has let two retail units in Birmingham city centre.
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New ratings values could knock West End
12 August 2008
The rating revaluation that will be introduced in 2010 could reduce the commercial viability of West End offices.
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Lend Lease-led consortium agrees plans for £1.5bn development of Elephant & Castle
12 August 2008
A Lend Lease-led consortium has formalised its development agreement with Southwark Council for the £1.5bn development of Elephant & Castle in London.
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Tesco’s heads to India
12 August 2008
Tesco is to make its Indian debut by spending £60m over two years developing a wholesale cash and carry business in India.
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Salisbury launches design competition
11 August 2008
A design competition has been launched to improve Salisbury’s neglected city centre.
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Ben Sherman goes to Germany
11 August 2008
British fashion designer Ben Sherman has signed up to open a store in Cologne, Germany as part of a European expansion.
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Bullring sale reflects commercial property woes
11 August 2008
Land Securities has reduced the price of its stake in the Bullring by £30m confirming the continued decline in the value of commercial property.
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Targetfollow raises stake in Woolworths above 10%
8 August 2008
Woolworths’ shares jumped this morning on speculation of a bid from Aredeshir Naghshineh, the Norwich-based property entrepreneur.
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Residents challenge Heron’s ‘Black and Bling’ Barbican tower
8 August 2008
The Barbican Association has challenged Heron International over its plans to alter the external appearance of its residential tower Milton Court in the City of London.
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High fashion is dedicated follower of central London
08 August 2008
Missoni, Lanvin and Damien Hirst defy gloom and pay top rents in Chelsea and Mayfair
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Retailers demand monthly rent summit
08 August 2008
The campaign by retailers for landlords to rip up existing leases to allow them to pay rent monthly, rather than quarterly in advance, took a step forward this week.
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Sheds shine as M&S and Primark upsize
08 August 2008
Burton and Kettering benefit from 1m sq ft of deals
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Whitbread plots £100m investment drive to exploit downturn
7 August 2008
Whitbread has allocated £100m to develop hotels and restaurants on sites prevously earmarked for residential or office development.
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Q Developments gets green light for Southwark scheme
7 August 2008
Q Developments has got the go-ahead for a mixed use scheme in London’s Southwark.
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Novotel hotel comes to Paddington
7 August 2008
Development Securities’ and Morley’s is set to open a 206-bedroom four star Novotel hotel at Paddington Central in London next month.
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Everton’s Kirkby plans called in
7 August 2008
Plans for Everton and Tesco’s Kirkby stadium and retail scheme have been called in.
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Quinlan sells 50% hotel stake to Omani fund
7 August 2008
Quinlan Private has sold a 50% stake in its Jurys Inns hotel chain to Oman Investment Fund.
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ING’s €70m Belgium sale
6 August 2008
ING Real Estate has sold the Ilot Saint Michel mixed-use scheme in Liege, Belgium, to Irish Life Assurance for €70m (£55m).
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Uneek Clothing tries on Wirral Business Park for size
6 August 2008
Clothing manufacturer Uneek Clothing has taken 136,000 sq ft at Wirral Business Park in Upton, Merseyside.
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Bellway’s Tannery signs Hotel Du Vin
6 August 2008
Hotel Du Vin, owned by Marylebone Warwick Balfour, has bought a warehouse site for development at Bellway’s Tannery development in Canterbury.
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Weak retail environment hits Liberty’s half-year figures
6 August 2008
Liberty International produced a weak set of half-year results this morning, revealing a worse-than-expected drop in net asset value, a fall in rental income due to bad debts and a stop on new development.
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Regent Street plans can go ahead
6 August 2008
Vexatious litigant Terence Ewing’s attempt to launch legal action against the Crown Estate’s £750m redevelopment plans on Regent Street has been kicked out by a High Court judge.
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Quintain acts to preserve cash as conditions worsen
5 August 2008
Quintain Estates and Development has made staff redundant, scrapped its dividend and will sell a stake in one of its prize assets in an effort to preserve cash in the difficult market.
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Olympics 2008 to ‘herald the birth of a new Beijing’
5 August 2008
The 2008 Olympics will ‘herald the birth of a new Beijing’ according to Jones Lang LaSalle.
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Developers fall in line for £350m Ministry of Defence plans
4 August 2008
Defence Estates, the property arm of the ministry of Defence, has shortlisted five developers for a £350m regeneration project at Catterick Garrison town centre.
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DevSecs extends Oriental City loan for second time
4 August 2008
Development Securities has extended a loan note to the purchaser of Oriental City in Colindale, north London for a second time.
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Government gives £4m to Blackpool Tower dance space
1 August 2008
Blackpool Council has been given £4m government funding to develop an ‘events space’ in front of Blackpool Tower.
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Bluewater nets Hollister fashion brand
01 August 2008
Hollister, the Abercrombie & Fitch young fashion brand, is to open at Bluewater shopping centre in Kent.
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Hammerson hit by Shoreditch bar reprieve
01 August 2008
Hammerson’s plans to develop its Bishop’s Place scheme on the fringe of the City of London were dealt a blow last week after its planning application was deferred.
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Hotels
01 August 2008
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Hotels resist credit crunch
01 August 2008
Finance for hotel development has been ‘slightly shielded’ from the downturn in commercial property lending, a Knight Frank report says.
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Lidl bargains on residential sites for expansion plan
01 August 2008
Budget supermarket chain to take advantage of land freed up by housing slump
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Manchester City Council to open second Cronwe Plaza
01 August 2008
Sir Richard Leese and Sir Howard Bernstein, leader and chief executive respectively of Manchester City Council, will officially open Manchester’s second Crowne Plaza, in the Northern Quarter, on 1 September.
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MFI rent pact
01 August 2008
Land Securities, British Land and Prupim consider monthly rent to aid struggling retailer
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Moorfield to add three more hotels to Shearings itinerary
01 August 2008
Coach tour operator earmarks regional hotels to take sale and leaseback total to 52
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Premier Inn and Travelodge go head to head in beds
01 August 2008
Since a merger between Premier Inn and Travelodge fell out of bed, the two are expanding with a vengeance.
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Public to bear Lend Lease’s £500m Olympic costs
01 August 2008
But it is understood that the Australian developer will be able to buy back into the scheme by financing construction at a later date.
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The restoration of three grand old London buildings into hotels is being delayed by planning problems
01 August 2008
Planners have differing opinions on three grand old London buildings that are being converted into luxury hotels.
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Housing dropped from Silverstone plans
31 July 2008
The local council have agreed to allow Silverstone Circuits to drop the housing element in the brief for the development of the famous racetrack.
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BPF and BRC challenge Boris on affordable shops
31 July 2008
The British property Federation and the British Retail Consortium have called for more clarity in the London Mayor Boris Johnson’s proposals to force developers to create smaller ‘affordable’ retail units in new developments.
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Rushbond buys £4.5m Northern retail park
31 July 2008
Rushbond has completed the purchase of Spectrum Park in Leeds from Standard Life Investments for £4.5m.
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Boris promises more small retail units in London
31 July 2008
London Mayor Boris Johnson has today outlined plans to ensure that small, affordable retail units are included in new retail developments.
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Croydon arena dream in tatters
31 July 2008
A plan by developer Arrowcroft backed by croydon council for a huge arena in the south London borough has been rejected by the communities secretary.
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Whitbread and Mitchells & Butlers in property swap
31 July 2008
Whitbread has bought 21 hotels from Mitchells & Butlers in a swap for 44 Whitbread pub restaurants.
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Hotel investment plummets
31 July 2008
Investment in hotels in the first half of 2008 was $43bn (£21.7bn) less than for the same period in 2007, Jones Lang LaSalle has said.
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St Modwen loses Tesco in Liverpool
31 July 2008
St Modwen Properties is in negotiations with a new supermarket operator to anchor a £150m scheme in Liverpool after a deal with Tesco fell through.
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Sainsbury’s gets go-ahead for Southampton store
31 July 2008
Sainsbury’s has got the go ahead for a new store, medical centre and residential scheme at Portswood Bus Depot in Southampton.
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Newham kicks off search for £600m regeneration partner
31 July 2008
The London Borough of Newham has formally started its search for a partner for a £600m vehicle to regenerate the area as an Olympic host destination and beyond.
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Travis Perkins to shrink expansion unless landlords change
30 July 2008
Travis Perkins Group, the DIY to builders merchant group, is to reign in its expansion in 2009 unless landlords are more ‘realistic’.
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Plans submitted for Gravesend
29 July 2008
Edinburgh House Estates has submitted plans for its £150m town centre regeneration project in Gravesend.
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Kilmartin selected for Southampton scheme
29 July 2008
Kilmartin has been selected to draw up plans for a £500m waterside scheme in Southampton.
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Shoppers remain cautious in July
29 July 2008
Shoppers are abandoning out of town destinations in favour of shopping centres according to footfall tracker Experian FootFall.
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Dublin’s Northern Quarter gets green light
28 July 2008
Dublin retailer Arnotts and Centros have received planning permission for their €750m (£590m) Northern Quarter mixed-use scheme.
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Giant plans for Huddersfield rugby stadium
28 July 2008
Developers have unveiled plans for a 400,000 sq ft leisure development at the home of rugby league team Huddersfield Giants.
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Salford City Reds stadium developer in administration
25 July 2008
A Peel Holdings-backed company that is developing a new stadium for rugby league team Salford City Reds has been placed into administration.
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Space NK joins Bloomingdale’s in US
25 July 2008
UK beauty retailer Space NK has signed a deal with US department store Bloomingdale’s to open stores in the US.
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Ask slows progress on huge Salford scheme
25 July 2008
Developer will seek office prelet before starting Exchange Greengate
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Green and Harris lead retailers in rent revolt
25 July 2008
Retail heavyweights square up to landlords over quarterly rents
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Westminster threatened over Crown Regent Street plan
25 July 2008
Challenge from developers’ foe over partial demolition of a listed hotel
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LandSecs unveils 90m media screen in Liverpool
24 July 2008
Land Securities this week revealed a 90m long media wall running the length of its St John’s shopping centre in Liverpool.
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Grainger defers plans for Wards Corner
24 July 2008
Grainger has delayed the submission of plans for its Wards Corner development in Seven Sisters, London, after Mayor Boris Johnson criticised the proposals.
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River Island flows to Magna Park
24 July 2008
Gazeley has agreed to sell 23 acres to River Island for a new distribution hub at Magna Park Milton Keynes, as tipped by Property Week (04.01.08).
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P&O wins battle but not war for £1bn Waterloo plans
24 July 2008
Lambeth Council has said it is minded to grant planning consent for a £1bn scheme at London’s Waterloo station.
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Barberry buys two retail parks in Swansea
24 July 2008
Barberry Group has bought Phoenix Retail Park and Lion Way Retail Park in Swansea, south Wales, for £10.3m from Threadneedle.
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Klimt resigns from Dawnay Day Carpathian
24 July 2008
Retail property investment company Carpathian, an offshoot of the Dawnay Day property and financial services group, announced the resignation of director Peter Klimt this morning.
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Westfield and Lend Lease get Olympic planning approval
23 July 2008
Two major Olympic developments took a step closer to being built after being approved by the Olympic Delivery Authority’s planning committee last night.
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Argent appeal win clears way for £2bn Kings Cross plans
23 July 2008
Argent has won an appeal on a key piece of land which means it can now press ahead with its £2bn regeneration of London’s King’s Cross.
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Waitrose to open store in Colchester
23 July 2008
Waitrose has signed up to open its first branch in Colchester, Essex.
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Miller Developments still committed to Warrington's Omega
23 July 2008
Scottish developer Miller Developments has said it is still committed to developing the 7m sq ft Omega business park in Warrington in the Northwest.
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Arts Council makes beeline for Argent’s Manchester Hive scheme
23 July 2008
Argent has agreed an 18,000 sq ft pre-let with The Arts Council England at its proposed The Hive office development in Stevenson Square, Manchester.
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USC and Subway head to Hull's St Stephen's scheme
23 July 2008
USC and Subway are the latest tenants to sign up at ING Real Estate's 560,000 sq ft St Stephen’s mixed-use centre in Hull.
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Peel's four star hotel plans for Trafford centre Northwest and leisure
23 July 2008
John Whittaker's Peel has submitted plans for a 210 bed hotel at The Trafford Centre in Manchester.
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Double Midlands win for Ballymore
23 July 2008
Ballymore romped home with two wins for its Snowhill development in Birmingham at the Midlands Property Awards at the International Convention Centre in Birmingham last night.
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Stanhope wins battle to develop Ashford Channel Tunnel site
22 July 2008
Stanhope has been selected to develop a 550,000 sq ft mixed-use scheme in Kent.
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Government warns betting shops sale may be delayed by credit crunch
22 July 2008
The Government has warned it may have to delay the sale of the Tote pool and betting company because of the impact the credit crunch has had on the value of its 540 store estate.
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Boris urges council to review Grainger scheme
22 July 2008
Boris Johnson has urged Haringey Council to review Grainger’s proposed redevelopment at a Latin-American market in north London.
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Hackney planners back Hammerson’s City of London Bishop’s Square plans
22 July 2008
Hackney Borough Council's planning officers have recommended approval for Hammerson’s first phase of its £700m Bishop’s Quarter plans.
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Summer sales boost West End shopping
21 July 2008
Retail in London’s West End was boosted by shoppers flocking to fashion summer sales, the New West End Company said today.
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Herzog & de Meuron’s Tate Modern plans revealed
18 July 2008
Architect Herzog & de Meuron today revealed the revised plans for the new development of Tate Modern.
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‘Tesco kills competition’ say St Albans planners
18 July 2008
Planning committee slams plans for 70,000 sq ft superstore in Hertfordshire town
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Birmingham City Council issues CPO of Pallasades Shopping Centre
17 July 2008
Birmingham City Council has issued a compulsory purchase order for the Pallasades Shopping Centre as it continues to assemble the site for its ‘Gateway Scheme’ that will focus around the redevelopment of New Street Station.
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Blacks Leisure Group to open new stores
17 July 2008
Leisurewear retailer Blacks Leisure issued a strong interim trading statement this morning and said it planned to open five more ‘test stores’ in Edinburgh, Bristol and Newcastle in September.
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US Senate report questions Westfield's Lowy over tax avoidance
17 July 2008
A US senate sub committee today asserted in a report that Westfield chairman Frank Lowy used a US corporation and took other steps to hide ownership of his assets from Australian tax authorities for the purpose of avoiding tax obligations.
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Co-op may sell some Somerfield stores
16 July 2008
The Co-operative Group (Co-op), the UK's fifth largest supermarket chain, has agreed to buy rival Somerfield - and looks likely to sell off some of its newly purchased stores.
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JLL Hotels opens in Sao Paulo
16 July 2008
Jones Lang LaSalle Hotels has extended its reach to Brazil following the opening of an office in Sao Paulo.
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Ballymore wins consent for Minoco and Baltimore Wharves
15 July 2008
Ballymore has won planning consent for two large developments in East London
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Westfield reveals Bradford plan
11 July 2008
Westfield has launched its leasing plan for its £320m Bradford shopping scheme.
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Manchester buzzing with Argent and council Hive deal
11 July 2008
Northern Quarter arts hub project flies again after council agrees to back it
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Bolton Council looks for development partner
10 July 2008
Bolton Metropolitan Borough Council is seeking a development partner to work on a huge regeneration scheme at the centre of the north west town.
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Lone Star raises €700m from banking club
8 July 2008
Lone Star has raised more than €700m (£556m) of bank finance for its €1bn (£795m) purchase of a Deutsche Post property portfolio in Germany.
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Out of town retail hit by lack of shoppers
8 July 2008
The latest footfall figures for the UK’s retail sector show out of town retail destinations have bit hit hardest.
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Centros submits Lancaster plan
8 July 2008
Centros has submitted plans for a £150m mixed-use scheme in Lancaster after discussions with the community, English Heritage, and the government’s architecture watchdog CABE.
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Edinburgh world heritage status in danger over Mountgrange’s Caltongate
8 July 2008
UNESCO has launched an investigation into whether Edinburgh should be allowed to keep its World Heritage status following the approval of Mountgrange’s Caltongate plans.
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Retail in Central and Eastern Europe still strong
8 July 2008
Retail in Central and Eastern Europe is holding up as economic growth continues in the region, according to King Sturge.
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Bank of Scotland backs London & Associated Properties latest venture
8 July 2008
London & Associated Properties, the listed retail property investor, has signed a £74m joint venture with the Bank of Scotland Corporate to invest in shopping investments across the UK.
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London's Borough market to get extension
8 July 2008
Plans have been submitted for shops and a new public area at London's Borough Market.
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Multi’s Summer Row moved forward
4 July 2008
Multi Development will begin construction of its £300m Summer Row scheme in Wolverhampton in early 2009 after a legal challenge against the development was withdrawn.
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Rose fights back at Property Week awards
4 July 2008
Embattled Marks & Spencer boss Sir Stuart Rose came out fighting last night, as he was named retail personality of the year at the Property Week retail and leisure awards.
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Herbal medicine chain chokes on rental woes
04 July 2008
Tough retail climate forces Dr & Herbs to request monthly rent payments
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Richardsons’ C$1.1bn Canada drive begins with Toronto
04 July 2008
Midlands family receives planning permission for 30 acre retail scheme
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Carlyle and Crown buy biggest New York retail investment this year
2 July 2008
Global private equity firm The Carlyle Group and Crown Acquisitions, founded by Stanley Chera, have bought the controlling interest in the retail element of 666 Fifth Avenue for $525m (£263.3m).
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Kitchen retailer goes into administration
2 July 2008
Kitchen equipment chain ProCook has gone into administration.
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Pizza for Carmarthen
2 July 2008
Simons Developments with funding partner Invista has secured Pizza Express for its 285,000 sq ft St Catherine’s Walk mixed-use scheme in Carmarthen, south Wales.
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Leicester Square nightclub sold
2 July 2008
Interguide London, a subsidiary of Interguide Investment Holdings, has bought a nightclub in Leicester Square.
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Foyles novel West End buy
2 July 2008
Bookshop Foyles has furthered its plans to build a 200,000 sq ft mixed use scheme centred on its Charing Cross Road store as it is selected as preferred bidder for the Central St Martin’s College of Art and Design at 107-109 Charing Cross Road.
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Herzog & de Meuron score at Lords
2 July 2008
The redevelopment of Lords cricket ground has taken a step forward with the appointment of architects Herzog and de Meuron to draw up a masterplan.
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Redevco buys Spanish Barclays banks
2 July 2008
Redevco, the Dutch property company, has bought 24 Barclays banks for €65m (£51.5m).
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Newcastle Quayside scheme wins approval after public inquiry
2 July 2008
George Wimpey's plans for a mixed use development on Newcastle's quayside have been granted planning permission following a public inquiry.
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Brixton lines up almost 100,000 sq ft of lettings
1 July 2008
Brixton has let 93,225 sq ft at its Greenford Park and Premier Park developments at Park Royal in West London.
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PM Gordon Brown seals Westfield’s Stratford development plans
1 July 2008
Australian developer Westfield has reached a series of agreements with the local and Olympic authorities finalising its £4bn plans development of Stratford City in a high profile meeting with Prime Minister Gordon Brown today.
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John Lewis signs in Leeds
30 June 2008
John Lewis has signed up to anchor Hammerson and Town Centre Securities’ Leeds £800m Eastgate Quarters scheme.
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Trocadero owner Aziz buys two nearby buildings for £57m
27 June 2008
Asif Aziz, the owner of the famous Trocadero building in central London, has snapped up two nearby buildings for £57.2m.
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Newham on track for £800m Olympic regeneration vehicle
27 June 2008
Council plans partnership approach to redevelop 11 sites in east London borough in time for games
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A sexual revolution
Retail and leisure supplement June 2008
Ann Summers brought sex to the masses and is now a respectable member of the high street.
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A slice of American pie
Retail and leisure supplement June 2008
The UK’s market leader is setting out to conquer America. Laura Chesters reports from Nevada
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A wild goose chase?
Retail and leisure supplement June 2008
Denmark’s Jysk is venturing where other furniture retailers fear to tread, but can it buck the slowing market?
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Cap & Reg to sell Manchester’s Great Northern for £90m
27 June 2008
Chester Properties to buy leisure scheme at reduced price
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Family values
Retail and leisure supplement June 2008
Sean McAllister meets Stuart La Frenais, 41, head of retail agency at Jones Lang LaSalle, and his wife, Helen, 40, a senior surveyor at Allsop
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Johnson turns the tables
Retail and leisure supplement June 2008
Retail and leisure entrepreneur Luke Johnson is a man of strong views – about restaurants, the downturn and landlords. Aditi Shah met him
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Lined up for promotions
Retail and leisure supplement June 2008
In a bid to increase revenues and footfall, shopping centre owners are renting out space for a series of wacky new ideas.
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Profits of gloom
Retail and leisure supplement June 2008
Victims of the credit crunch are going to BrightHouse in increasing numbers. Christine Eade reports on an unusual retail success story
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Retail and leisure supplement introduction
Retail and leisure supplement June 2008
If you’re a retail landlord, hold on tight as the ride is set to get increasingly bumpy.
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Retail and leisure supplement June 2008
Retail and leisure supplement June 2008
Retail and leisure supplement June 2008
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Rock on
Retail and leisure supplement June 2008
Music fans are pogoing at more gigs than ever. Andy Plowman reports on how venue operators are turning up their UK property volumes
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Shopping centre deals total £185m this week
27 June 2008
Shopping centre activity has picked up this week after the completion of two shopping centre deals totalling £185m.
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The harsh realities of the slowdown
Retail and leisure supplement June 2008
The beginning of a recession reminds me of the story of the Jewish telegram: ‘Start worrying – details to follow.’
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UK & European belts up £63m Orion House in Covent Garden
27 June 2008
Lewis Family Trust’s real estate arm swoops on struggling Midtown sale
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Hartlepool £100m scheme given planning green light
26 June 2008
Northern developer Jomast has been given planning consent for a £100m marina scheme in Hartlepool.
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JJB Sports signs in Chatham
26 June 2008
JJB Sports has agreed a new 15-year lease on the Pentagon Centre in Chatham.
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Glenkerrin to build new London landmark
26 June 2008
Developer Glenkerrin is to reveal its plans for a new landmark building for Docklands, designed by Foster and Partners.
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Killultagh Estates invests in refurbishment
26 June 2008
Killultagh Estates Ltd is investing £6m in a refurbishment and extension of Connswater Shopping Centre in East Belfast.
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CB Richard Ellis sheds ten properties
26 June 2008
CB Richard Ellis Investors has sold ten of its properties as part of its plan to restructure its portfolio for one of its funds.
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Crown takes retail park off Segro’s hands
26 June 2008
The Crown Estate has purchased the Bath Road Retail Park in Slough from Segro for £92m.
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Swedish retailer makes UK debut
25 June 2008
Clas Ohlson, the listed Swedish retail chain, is to make its debut in the UK with a 20,581 sq ft store at Croydon’s Whitgift Shopping Centre.
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Tiger’s £200m Edinburgh plans let off the leash
25 June 2008
Tiger Developments has been granted planning permission for a £200m mixed-use development at Edinburgh’s Haymarket.
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Ilva goes into administration
25 June 2008
Ilva Furniture has gone into administration becoming the latest furniture retailer to be hit by the downturn.
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Newham Council plans £800m regeneration
25 June 2008
Newham Council in East London is finalising plans to set up an £800m vehicle to regenerate the area as an Olympic host destination and beyond.
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Crown buys Leeds retail park
25 June 2008
The Crown Estate has bought a 50% stake in Crown Point shopping park in Leeds from Morley for £67.7m.
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LaSalle Investment Management appoints architects to tackle York white elephant
24 June 2008
LaSalle Investment Management has appointed two London based architects to design the second phase of its Coppergate shopping centre in York.
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Goodwood and Asda team up in Ware, Hertfordshire
23 June 2008
Goodwood Property Partnerships and Asda are working together to redevelop a former industrial site in Ware, Hertfordshire.
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Five new retailers for Northern Ireland’s Castle Mall
23 June 2008
Centenary Asset Management has secured five new retailers at its Castle Mall shopping centre in Antrim, Northern Ireland.
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Riverside development to open up lost London river
23 June 2008
Boris Johnson’s plans to open up London’s lost rivers were boosted after a mixed use scheme on the River Wandle was granted planning consent.
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Spanish company makes UK debut
23 June 2008
Allegra European Holdings has bought 5 King William Street in the City of London in its UK debut.
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Furniture retailer suspends shares
23 June 2008
Furniture retailer ScS Upholstery has suspended its shares as it enters talks with an external party for a possible buy-out.
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CBRE shopping centres report predicts ‘marked decline’ in development activity
20 June 2008
CB Richard Ellis’ market index brief on shopping centres in the pipeline shows a ‘marginal’ drop in the number of centres currently in the pipeline, but predicts a sharp decline for the retail sector.
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Starbucks’ Trickey is Mac’s new big cheese
20 June 2008
Hamburger chain poaches Starbucks’ property chief for expansion drive
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Time running out for £330m Jersey plan
20 June 2008
Irish developer Harcourt’s legal battle puts scheme under threat
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Battersea tower station
20 June 2008
Real Estate Opportunities unveils £4bn Vinoly-designed plans for London icon
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Bank of Ireland fund £100m Modus deal
19 June 2008
The Bank of Ireland has funded Modus’ purchase of a retail investment property portfolio worth over £100 million.
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Outlet mall defies gloomy forecasts
19 June 2008
The Lowry Outlet Mall in Salford Quays, Manchester, has signed up two new occupiers and is reporting record sales for May, despite gloomy forecasts for the retail sector.
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Bar Estilo signs at £130m Surrey scheme
19 June 2008
Crest Nicholson Regeneration and Standard Life Investement have let the final ground floor restaurant unit in their £130 million mixed use leisure scheme, The Atrium, in Camberley, Surrey.
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New plans for Pompey’s ground
18 June 2008
Portsmouth Football Club and Sellar Property Group unveiled plans for a new stadium today.
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Woolworths sells stores and chief exec steps down
18 June 2008
Woolworths Group has offloaded four London stores to Waitrose for £25.5m as it reveals poor sales figures.
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Leicester Square nightclub up for grabs
17 June 2008
The former Penthouse nightclub at One Leicester Square is available to lease following the club going into administration.
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European shoppers buoy London’s West End
16 June 2008
The ‘Euro-pound’ is buoying London’s West End as continental shoppers flock to the city’s shopping district, the New West End Company said today.
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Gladedale subsidiary gets consent for 1m sq ft Leeds scheme
16 June 2008
Reland, the mixed-use division of property developer Gladedale, has been granted planning consent for a 1m sq ft mixed use scheme to the south of Leeds.
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GPE sells £100m Regent Street block
16 June 2008
Great Portland Estates has agreed to sell a Regent Street block for nearly £100m.
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DevSecs buys in Devon
13 June 2008
Development Securities has bought a shopping village in Devon for £20m.
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British Land sells Woking centre at below 6%
13 June 2008
£115m deal to sell Peacocks to Northern Irish investor a welcome boost in tough market
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Laura Ashley fashions regional flight from Fulham
13 June 2008
Clothing and home furnishings retailer eyes Milton Keynes site next to its distribution hub
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Hermes sells Mayfair offices for £145m
12 June 2008
Hermes Real Estate has exchanged contracts to sell a 45,000 sq ft Mayfair office at an aggressive 4% yield, showing there is still demand for the West End’s prime assets.
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Highcross completes Headrow purchase.
12 June 2008
Highcross Strategic Advisors has completed the purchase of the former Allders department store on the Headrow in Leeds from Capital & Counties for £70m.
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RREEF sells half of two retail parks
12 June 2008
RREEF Alternative Investments has sold 50% of two retail parks - Greenwich Retail Park and Talbot Green Retail Park in Llantrisant to clients of Scottish Widows Investment Partnership (SWIP) for £77.5m.
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Hilton to open 30 hotels in five years
11 June 2008
Hilton Hotels has signed a development agreement with hotel developer HLH Property and will open 30 hotels in the UK.
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LandSecs gets go ahead for Liverpool shops extension
11 June 2008
Liverpool City Council has given the go ahead for Land Securities redevelopment of the St John’s Centre in Liverpool.
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Chesterfield regeneration takes next step
11 June 2008
Developer Urbo Regeneration and Chesterfield Borough Council have appointed EDAW in Manchester to masterplan the 40-acre Chesterfield Waterside site.
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Trump promises ‘greatest golf club in the world’ in Aberdeenshire
10 June 2008
Donald Trump today told the Scottish government that he will build the ‘greatest golf club in the world’ if they grant him planning consent.
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British Land submits £300m plans for Sheffield
10 June 2008
British Land has submitted a planning application for a £300m mixed-use development next to its Meadowhall Shopping Centre in Sheffield.
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Croydon £450m regeneration plans outlined
10 June 2008
John Laing Developments has outlined its plans for the £450m regeneration of Croydon in partnership with the council.
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Scottish Earl submits ‘Brighton of the North’ plans
10 June 2008
A Scottish Earl has submitted a planning application to turn a Highland farm into the ‘Brighton of the North’.
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Warner shares dip as high gearing slashes a third off net assets
10 June 2008
Shares in Warner Estates fell 6% to 250p in early trading, as the company revealed that it’s gearing levels had led to a sharp fall in net asset value.
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Liffey Valley shopping centre up for sale
10 June 2008
Morley and Grosvenor are to sell a stake in Liffey Valley shopping centre in Dublin.
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Everton Football stadium plans approved
10 June 2008
Plans for Everton Football Club’s new stadium and a Tesco superstore in Kirkby, Merseyside were approved last night.
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Knight Frank buys Markham Vaughan Gillingham
9 June 2008
Knight Frank has bought retail agency Markham Vaughan Gillingham.
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Cabot Circus in Bristol is 90% prelet
6 June 2008
Bristol shopping development Cabot Circus is now 90% prelet ahead of a September opening.
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DSG to test appetite for ’bigger, better Currys’
06 June 2008
Retailer considers following European Electro World format
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Fashion label Lipsy plots UK expansion
06 June 2008
Brand favoured by young celebrities plans to open up to 25 stores
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Mosaic set to give 10 stores the boot
06 June 2008
Mosaic-owned footwear chain to sell leases to concentrate on concessions
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DevSecs and Grainger win Birmingham consent
5 June 2008
Development Securities and Grainger have won outline planning consent for a large mixed-use development in Birmingham.
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Orange to open more shops as part of business shake-up
5 June 2008
Orange, the mobile phone company, is to open more shops as it reveals a shake-up of the business by its new chief executive.
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Portsmouth: £500m redevelopment a step closer
5 June 2008
Portsmouth’s Tricorn shopping centre redevelopment was a step closer today as a reserved matters application was approved last night.
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Capital & Regional delays fund-raising meeting by a fortnight
5 June 2008
Capital & Regional has delayed a meeting with its unitholders over the £286m fund raising for its Mall Unit Trust by two weeks.
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Ice rink for Widnes
5 June 2008
Ice rink operator Planet Ice has signed up at St Modwen’s leisure scheme in Widnes, Cheshire.
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Liverpool objects to Kirkby Tesco
4 June 2008
Liverpool City Council’s planning committee this morning objected to Everton Football Club and Tesco’s £400m Kirkby scheme in Knowsley near Liverpool.
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Hamleys goes to Ireland for first store outside London
3 June 2008
Hamleys, the toy shop owned by Baugur, is to open its first stand-alone European store in Dundrum town centre, Ireland.
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LandSecs’ 2.6m sq ft Ebbsfleet plans get go-ahead
2 June 2008
Land Securities has been granted full planning consent for a 2.6m sq ft mixed use development at Ebbsfleet International train station.
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Liverpool One opening attracts 200,000
30 May 2008
Footfall was good for the opening day of Grosvenor’s Liverpool One retail scheme, according to the scheme’s chief executive.
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Mulberry & Tiffany sign at Westfield London
30 May 2008
Two more designer retailers have signed up for the ‘Premium Village’ section of the 1.6m sq ft Westfield London retail scheme.
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Planning submitted for £450m Birmingham’s Eastside development
30 May 2008
Goodman has submitted an outline planning application for its Eastside Locks – a £450m mixed use regeneration scheme in Birmingham city centre.
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Silverstone redevelopment on starting grid
29 May 2008
The British Racing Drivers’ Club has got the green light at Silverstone for the first phase of redevelopment at the UK’s top motor racing track.
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Grosvenor's £1bn Liverpool One centre opens today - see photos
29 May 2008
Grosvenor's £1bn Liverpool One shopping centre opened today.
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Morgan Stanley's cash boost for Manchester's Ask
28 May 2008
Morgan Stanley Real Estate has injected £20m of cash into Manchester–based Ask Developments.
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Covent Garden gets fashionable
28 May 2008
Capital & Counties has signed up fashion show Fashion Fringe as part of its repositioning of Covent Garden.
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Price is right for Asda
27 May 2008
Asda has hired Guy Price to head up its expansion programme in the south east of England and London.
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Europe’s Las Vegas gets green light
27 May 2008
Plaza Centers is to develop Hungary’s largest casino after being awarded a gaming license for its €1.5bn (£1.19bn) Dream Island scheme in central Budapest.
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John Lewis goes shopping on Dublin’s O’Connell Street
23 May 2008
Department store in talks to anchor O’Reilly’s €1.2bn city centre mixed-use scheme
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MK One goes into administration
22 May 2008
Budget clothing chain MK One has been put into administration weeks after being sold by Icelandic investment firm Baugur.
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Green light for 2.2m sq ft leisure and retail development in Thames Gateway
22 May 2008
Plans to develop 2.2m sq ft of retail and leisure facilities around Lakeside Shopping Centre in the Thames Gateway have been given the go-ahead by the local development corporation.
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DTZ poaches hospitality expert for Austrian expansion
22 May 2008
DTZ has poached a hospitality expert from a rival firm as it expands its business into Austria.
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Dubai World buys Scottish championship golf course for £55m
22 May 2008
Dubai World, the state controlled investment company, has bought the Turnberry golf course in Ayrshire for £55m.
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Pandox expands hotel portfolio in Canada
22 May 2008
European hotel property company Pandox has bought a 605-bedroom hotel in Montreal for C$58.5m (£30m).
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Ethel Austin bought out of administration
21 May 2008
Budget retailer Ethel Austin has been bought by Elaine McPherson the former boss of clothing chain MK One for an undisclosed sum.
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CBRE Investors sells Broadwalk Retail Park
21 May 2008
CBRE Investors has sold the freehold interest of Broadwalk Retail Park to Rom Capital Opportunity Fund for £23.30m
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Tesco to get full control of Dobbies
21 May 2008
Tesco is set to buy out Sir Tom Hunter’s stake in garden centre chain Dobbies for £36m and take full control of the company after a bitter battle with the Scottish entrepreneur.
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JLL completes purchase of Germany’s biggest retail property advisor
20 May 2008
Jones Lang LaSalle has completed the purchase of Kemper’s Group in Germany.
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Mitchells & Butlers boosts property team ahead of REIT conversion
20 May 2008
Robert Tchenguiz’s right-hand men Tim Smalley and Aaron Brown have been appointed as non-executive directors to the board of Mitchells & Butlers to assist in its plans to convert to a REIT.
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Marks & Spencer ploughing on with property plans despite retail dip
20 May 2008
Marks & Spencer is on track with its property plans despite the difficulties in the retail market, the retailer said today.
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Dwell time at Cabot Circus
19 May 2008
Furniture retailer Dwell is to open its tenth UK store this Autumn after signing up to take a 8,000 sq ft showroom at Land Securities and Hammerson’s Cabot Circus in Bristol.
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Hatfield’s Galleria sizes up Wonderbra
16 May 2008
Three retailers Wonderbra, Past Times and Jeff Banks are the latest tenants to sign up at Land Securities’ Galleria shopping centre in Hatfield.
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All clear for £1bn Watford health campus
16 May 2008
Watford Borough Council has approved plans for the development of the £1bn Watford Health Campus.
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Boyes packs his trunk and heads to Elephant & Castle
15 May 2008
Lend Lease’s Mark Boyes has been appointed to act as project director at the Australian company’s £1.5bn Elephant & Castle development in south London.
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Electrical retailer Currys to close nearly 80 stores
15 May 2008
DSG international, the retailer behind Currys electrical brand, is to close nearly 80 UK stores as it battles to succeed on the high street.
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Whitbread launches new restaurant chain
15 May 2008
Whitbread, the listed leisure business, is to launch a new restaurant chain.
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Primark to triple in Telford
15 May 2008
Hark Group and Apollo have signed up Primark to triple the size of its existing store.
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Magna Park is right fit for River Island shed
14 May 2008
River Island has signed up for a 450,000 sq ft shed at Gazeley and Land Securities’ Magna Park in Milton Keynes, as tipped in Property Week (04.01.08).
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Another furniture retailer goes into administration
14 May 2008
Furniture retailer New Heights has collapsed into administration this week.
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Westfield and Hermes’ open Cinema de Lux in Derby
14 May 2008
National Amusements’ Cinema de Lux opens this week in Westfield and Hermes’ Derby shopping scheme in the town.
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L&G’s Walbrook Square planning director leaves
13 May 2008
Legal & General’s director of planning Jeremy Castle has left to join Irish company Treasury Holdings.
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Property development activity hits new five year low
13 May 2008
The amount of commercial development in the UK has fallen to its lowest level in five years, Savills reported today.
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Homewares retailer goes into administration
13 May 2008
Homewares and curtains retailer Fabric Warehouse fell into administration last week, the latest in a spate of retail failures this year.
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Lights, camera, action for 1.5m sq ft Coolmore movie complex
12 May 2008
Coolmore Estates has won planning consent for a 1.5m sq ft film studio complex at Seaham in County Durham.
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Tchenguiz takes 3% of Whitbread
9 May 2008
R20, the investment vehicle owned by Robert Tchenguiz, has taken an economic interest through contracts for difference (CFD) in 3% of hospitality company Whitbread.
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St Modwen submits £100m Queens Market plans
9 May 2008
St Modwen has submitted a detailed planning application for the regeneration of Queens Market in London’s East End after extensive negotiations with local traders which have fiercely resisted the scheme in the past.
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Scottish investor shops for Quartermile retail
9 May 2008
Shops in Gladedale’s and HBOS’s Quartermile development have been sold to a private Scottish investor for £3.3m.
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Suffolk’s ‘Snoasis’ indoor sports resort gets green light
8 May 2008
The Secretary of State for Communities and Local Government approved plans for Europe’s first indoor winter sports resort today.
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Pub stocks jump on REIT conversion cheer
7 May 2008
Shares in pub groups Enterprise Inns and Punch Taverns surged this afternoon after Revenue and Customs gave Enterprise permission to convert to a REIT.
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Hilton premiers new brand in Scotland at Panayiotou’s Hydro hotel
7 May 2008
Andreas Panayiotou’s Ability Group has brought the Hilton Group in to manage it’s Dunblane Hydro hotel in Scotland.
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ExCel sold to Abu Dhabi government
6 May 2008
The ExCel docklands conference centre, London's largest exhibition centre, has been bought by a company owned by the Abu Dhabi Government for £178m.
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Hermes and Prupim lodge MK redevelopment plans
2 May 2008
Hermes and Prupim have submitted a joint planning application for the start of a £20m redevelopment programme at the Centre:MK shopping centre in Milton Keynes.
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Newbury’s £130m scheme back on track
1 May 2008
Newbury’s Park Way shopping development is back on track after West Berkshire Council reduced the developer’s Section 106 contributions from £3.6m to £2m.
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Invesco buys Goodman’s Apsley Mill
1 May 2008
Invesco Real Estate has bought Apsley Mill, a UK retail warehouse park in Hemel Hempstead, north west London, from Goodman for £29.32m.
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Northern retail ‘least resistant’ to credit crunch
1 May 2008
Shopping centres in the North will suffer more from the credit crunch, a report by research group CACI said today.
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Land of Leather reports plummeting sales
1 May 2008
Land of Leather’s sales orders are down by a third, a trading update said this morning.
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Competition Commission calls for ‘competition test’ in planning and action against land banking
30 April 2008
The Competition Commission today called for a ‘competition test’ in planning decisions and recommended actions to prevent ‘land banking’.
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Terrace Hill gets green light for Southampton scheme
29 April 2008
Terrace Hill has won planning for its £70m Mayflower Plaza development in Southampton.
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Whitbread reveals growth plans for hotels and coffee
29 April 2008
Whitbread revealed today it would push ahead with its restaurants, coffee shops and hotel expansion as it reported a pretax profit up 26.3% to £210.3m
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Two weeks left to sign up for tax summit
29 April 2008
Property Week is offering readers a completely free ‘heads up’ to the introduction of the Government’s new tax on development – the Community Infrastructure Levy or CIL.
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Henderson leads £600m retail revival
25 April 2008
Factory outlets, shopping centres and retail park assets in deal frenzy
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Henderson set to buy designer outlets
23 April 2008
Henderson Global Investors has been given the go-ahead to proceed with the purchase of a portfolio of designer factory outlets for around £375m.
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Bermondsey Square signs hotel, cinema and Sainsbury’s
22 April 2008
Igloo has signed up a hotel, a cinema and a Sainsbury’s store at its Bermondsey Square development in south London.
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DevSecs sells Liverpool’s Kirkby Shopping Centre to Tesco
21 April 2008
Development Securities has sold its property holdings in Kirkby to Tesco as it withdraws from the battle to regenerate the town centre.
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Further trial to be held over Ritz Hotel sale con
18 April 2008
A High Court Judge today ruled that a full trial is to be held to determine who is responsible for repaying a £1m deposit that was paid as part of a scam deal to buy the Ritz Hotel in London.
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Planning permission for M&S in Denbigh North
18 April 2008
Marks & Spencer is set to open in Denbigh North near Milton Keynes following planning permission received this week.
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Retail investment holds up in Europe
17 April 2008
Retail transaction volumes across continental Europe reached €3.9bn (£3.1bn) in the first quarter of 2008, despite the slowdown in investment deals caused by the credit crunch.
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CBRE poaches Savills star
17 April 2008
CB Richard Ellis has poached a star investment agent from Savills’ out-of-town retail warehouse team.
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Apple takes bites of Bristol’s Cabot Circus
16 April 2008
Land Securities and Hammerson - the Bristol Alliance - have secured another eight retailers taking its Cabot Circus scheme to 85% let ahead of an autumn opening.
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Cordea Savills to launch Turkish fund
16 April 2008
Fund manager Cordea Savills has launched a €1bn (£810m) Turkish opportunistic fund that will target shopping centre and residential development opportunities.
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Budget clothing retailer goes into administration
16 April 2008
Ethel Austin, the budget clothing retailer, has gone into administration.
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Land Securities to sell Bullring stake
16 April 2008
Land Securities is to test the fragile property investment market with the sale of one of its largest holdings - its stake in the Bullring shopping centre in Birmingham.
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Sports chain JJB closes shops
16 April 2008
Sports chain JJB is to close 72 stores as part of a property shake-up.
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Architects picked for New Covent Garden Market
15 April 2008
Architects URS and Foster & Partners have been selected to design New Covent Garden Market.
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Centros withdraws from Dumfries retail scheme
15 April 2008
Centros, the Delancey backed retail developer, has pulled out as developer of a retail scheme in Dumfries, Scotland.
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Tesco and PruPIM in sale and leaseback deal
15 April 2008
Tesco revealed details of a sale and leaseback with PruPIM today, as part of its £5bn-plus property programme.
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UK hotel industry faces challenging year
14 April 2008
The UK hotel industry will see slower growth this year after an ‘impressive 2007’ but should still’ weather the current global economic storm’, according to a report published today.
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Wal-Mart faces ‘really big challenges’ says former finance director
11 April 2008
The former chief financial officer of Wal-Mart said the world’s largest retailer faced ‘really big challenges’ if it was to maintain its success.
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£20m Stirling retail park to go ahead
11 April 2008
Retail developer Forrest Developments has been granted planning consent for its £20m Castle Retail Park scheme in Stirling, Scotland.
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Danish chain to become part of UK furniture
11 April 2008
Danish furniture retailer Jysk plans to open 500 stores in the UK over the next 20 years.
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H&M’s Divided to conquer UK
11 April 2008
H&M is to launch a new brand into the UK and is set to open the store next week.
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King Sturge now monarch of the Hamilton Glen
11 April 2008
Fiona Hamilton’s Scottish agency becomes latest addition to King Sturge’s retail arm
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Now high-end retailers feel heat
11 April 2008
Surf brand O’Neill and electrical chain Bang & Olufsen set to close stores
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Supermarket chains defy downturn
11 April 2008
M&S and Sainsbury’s sign up for 1m sq ft of distribution space across UK
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Emerging markets key for retailers
10 April 2008
Retailers expect emerging markets such as India, the Ukraine and Russia to provide their main source of growth over the next five years.
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Retail chiefs see opportunity in downturn
10 April 2008
Global economic and social uncertainty is a great source of opportunity for retailers, said top retail chiefs this week.
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Travelodge to begin £28m UK hotel development programme
10 April 2008
UK hotel chain Travelodge has bought nine hotel development sites in the UK.
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Terrace Hill’s Middlehaven retail outlet plans get green light
10 April 2008
Plans for a £30m retail outlet on the gateway to Middlehaven.were approved by Middlesbrough Council’s planning committee today.
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Sainsbury's signs for Derbyshire scheme
9 April 2008
Sainsbury's has signed up to anchor a regeneration project in Glossop, Derbyshire.
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B&Q continues ‘rightsizing’ programme
8 April 2008
The DIY giant is pushing ahead with its ‘rightsizing’ programme, downsizing stores which are too large for its current requirements and appointed adviser Foinavon to assist on the work across its portfolio.
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Whitbread plans £100m London Premier Inn expansion
8 April 2008
Whitbread has embarked on a £100m expansion of its Premier Inn hotel chain and plans six new hotels in London over the next three years.
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Retail woes hit landlords
04 April 2008
Scottish chain asks to pay rent monthly as several UK retailers go into administration
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Rents to suffer ‘short sharp shock’ in 2008
3 April 2008
Property shares are likely to suffer today after Lehman Brothers released a gloomy research note on the sector.
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Marston's pub leases up for grabs
3 April 2008
Pub chain Marston’s is offering 47 lease opportunities for its pubs across the UK.
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Wilson Bowden kicks off Chesterfield stadium plans
3 April 2008
Wilson Bowden has submitted plans for a football stadium-led regeneration of a 22-acre site in Chesterfield.
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Ferrari takes Regent Street store
2 April 2008
Ferrari, the luxury car manufacturer, has signed up to take a store on Regent Street – the last available shop on the street.
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Crown completes £90m Oxford Street sale to Resolution
2 April 2008
The Crown Estate has completed the sale of the Quadrangle block on London’s Oxford Street to Resolution.
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Irish retail market starts to show signs of strain
2 April 2008
Concerns about rising unemployment, a stagnant housing market and less favourable economic prospects are starting to impact on consumer spending patterns in Ireland, says CB Richard Ellis.
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Resolution buys Glasgow retail park
1 April 2008
Resolution has completed the purchase of the Junction Fund’s Great Western Retail Park in Glasgow for £58.5m.
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Beetham’s Southwark Tower called in
1 April 2008
Secretary of State Hazel Blears has called in plans for the Beetham Tower’s £600m tower in Southwark on the south side of Blackfriars Bridge in London.
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Primark signs up in Corby
1 April 2008
Land Securities has signed budget retailer Primark as an anchor store at Willow Place in Corby town centre.
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Basingstoke’s Coal fired up
28 March 2008
John Gater opened Coal at Festival Place, Basingstoke, last month his first restaurant since selling 16-strong chain Ma Potter’s to Tragus last year for £14.15m.
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Candys’ £320m Kensington coup
28 March 2008
Middle Eastern buyers are back with a bang, paying ‘top dollar’ for central London sites
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Grand Arcade opens in Cambridge
28 March 2008
Scheme has John Lewis as anchor, but will Primark get its vacated store?
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Gunwharf gets great food place
28 March 2008
That Great Food Place has taken 1,200 sq ft at Gunwharf Quays, Portsmouth, at £41,000 a year in addition to a turnover rent of between 10% and 12.5%.
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Leeds lets for Tesco and Starbucks
28 March 2008
Tesco Express has taken a 15-year lease on 4,444 sq ft at £14/sq ft in Bridgewater Place, a 32-storey tower in Leeds.
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Look who’s walking
28 March 2008
Shoppers under surveillance have revealed retailers are under pressure.
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Man of leisure
28 March 2008
David Coffer sees the downturn as an opportunity to expand.
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Merlion Capital Group to appoint operator in Tamworth
28 March 2008
Sawley Cross Properties, part of the Merlion Capital Group, is close to appointing an operator for a 120-bed hotel next to the SnowDome at Leisure Island, Tamworth. Architect Crouch Butler has designed a five-storey hotel with a curved roof – reminiscent of a ski slope. The hotel, which has 70 parking spaces, is targeted at skiers.
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New Fabric for Dome
28 March 2008
Around 30,000 sq ft of nightclub space at the 02 in Greenwich has been let to Koobric.
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Restaurateurs pay much higher rents in town centres
28 March 2008
Restaurateurs are being squeezed by developers, especially in town centres.
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Retail and Leisure
28 March 2008
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St Pancras International’s shops and restaurants are thriving
28 March 2008
The new restaurants and shops at St Pancras International are thriving.
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The truth about cats and dogs
28 March 2008
Puma and Radley & Co are leading the next wave of brands-turned-retailers into shopping centres.
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Twentyretail’s Instore appearance
28 March 2008
Instore, the discount shopping centre retailer has appointed Twentyretail, the London-based retail consultancy, to carry out all agency and professional work for its 310 stores.
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Government promises to protect high street
27 March 2008
Planning minister Iain Wright has promised to protect high street retailers with changes to planning laws that will ‘promote competition and improve consumer choice’.
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Sainsbury’s buys into £1.2bn British Land vehicle
26 March 2008
Sainsbury’s has bought into a £1.2bn British Land owned vehicle as part of its strategy to gain control of its stores.
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Fine food and art move into Maddox Street
25 March 2008
A two Michelin star restaurant is relocating from its Shropshire home to Property Merchant Group’s and Morley’s mixed-use development at 23 – 29 Maddox Street in London’s Mayfair.
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Crest Nicholson’s submits £500m Southampton Riverside plans
25 March 2008
Crest Nicholson has submitted a planning application to Southampton City Council for the redevelopment of the former Vosper Thornycroft site in Woolston, Southampton.
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£4.5bn Cricklewood regeneration plans submitted
25 March 2008
The plans for the £4.5bn regeneration of Cricklewood town centre in north London have been submitted to Barnet Council today.
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Helical Bar and Grainger exchange contracts in Hammersmith
20 March 2008
Helical Bar and Grainger have exchanged contracts with Hammersmith & Fulham council to develop a £180m mixed use scheme.
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Minerva and Lend Lease end Croydon development tie-up
19 March 2008
Minerva and Lend Lease are to end their tie-up in Croydon for the development of the 1m sq ft Park Place shopping centre.
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Apex Hotels books into the Inner Temple
19 March 2008
Apex Hotels is set to open the first hotel in one of London’s Inns of Court after buying the site from the Inner Temple.
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Go ahead for €200 million Irish retail scheme
19 March 2008
Bennett Developments has got the green light for the largest retail scheme in the Midlands of Ireland.
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Tchenguiz to put Laurel into administration
19 March 2008
Robert Tchenguiz is to put his Laurel pub company into administration in a move likely to spark anger among landlords, employees and the taxman.
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Modus gets green light at Trowbridge
18 March 2008
Modus has received planning permission for the first phase of the £90 million Waterside development in Trowbridge.
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Liverpool One signs up more tenants
18 March 2008
Grosvenor has secured a further seven retailers at its Liverpool One retail development in Liverpool city centre.
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Next starts fit out at Westfield London
17 March 2008
Fashion retailer Next has taken possession of its store at Westfield London and will begin fit out ahead of the £1.6bn scheme’s December opening.
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Manchester plans 4m sq ft ‘Harley Street of the North’
17 March 2008
Grangefield Estates has submitted plans for a 4m sq ft health services-led mixed use development in Manchester which it has dubbed the ‘Harley Street of the North’.
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Kallakis wins consent for luxury St James apartments
14 March 2008
Achilleas Kallakis’s Pacific Group has won planning consent to redevelop an office block into luxury apartments.
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Gladedale planning triumph gives green light for Scottish superstore
14 March 2008
Tesco has bought a four-acre site on the east coast of Scotland following a prolonged planning dispute.
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Reubens and Park Plaza to build hotel of modern art
14 March 2008
Hotel operator Park Plaza has joined up with the Reuben brothers to build a hotel dedicated to a modern artist.
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MIPIM 2008: Plans unveiled for Western Europe's tallest mixed-use building
14 March 2008
Hermitage has unveiled plans for the tallest mixed-use building in Western Europe.
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George Davies scores with Liverpool One flagship
14 March 2008
Retail guru and Reds fan takes his S’porter Liverpool Football Club store into Grosvenor scheme
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Henderson and Invista delay £300m Hull retail scheme
14 March 2008
Tough market and opening of St Stephen’s centre force Quay West owners to hold fire
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Morley mulls Liffey sell-off
14 March 2008
Morley and Grosvenor are considering a sale of their 450,000 sq ft Liffey Valley shopping scheme in Dublin.
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Standard sells and waits
14 March 2008
Standard Life investments has sold a Somerset shopping centre and scrapped the sale of its mall in Crawley.
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Pradera sets up in Hong Kong
12 March 2008
Paul Wight’s Pradera is to open a Hong Kong office to coincide with the launch of its China Retail Fund.
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Government 'to delay' energy certificate in HIP fears
12 March 2008
The Government is reportedly planning to delay the implementation of energy performance certificates until September, amid concerns that there are too few qualified assessors.
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West End shopping Mecca to be 'pedestrian friendly' not pedestrianised.
12 March 2008
Wider pavements and street ‘oases’ will be brought to London’s premier shopping streets, Westminster City Council said today, but full scale pedestrianisation has been ruled out.
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MWB group sees asset value soar despite operating loss
11 March 2008
Marylebone Warwick Balfour Group revealed its net asset value doubled in 2007, despite its operational business making a loss.
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MIPIM 2008:Liverpool unveils waterfront plan
11 March 2008
Liverpool's Mersey Waterfront unveiled its plans for the further regeneration of the city's waterfront at the MIPIM property conference in Cannes this morning.
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MIPIM 2008: Birmingham unveils £15m boost for city schemes
11 March 2008
Birmingham is to spend a total of £15m on a string of new regeneration schemes which are to be developed as part of the council’s Big City Plan.
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MIPIM 2008: Plymouth’s £350m waterfront regeneration unveiled
11 March 2008
Plans for the £350m mixed-use regeneration of Plymouth have been unveiled at the MIPIM property event in Cannes.
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Wal-Mart mulls Gazeley's future
10 March 2008
Wal-Mart is exploring a potential sale of industrial developer Gazeley.
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LandSecs submits Corby's 'Evolution' plans
10 March 2008
Land Securities has submitted a planning application for the second phase of a major retail led mixed-use development in Corby town centre.
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Commercial property 'facing gloomy outlook'
10 March 2008
A leading indicator of sentiment in commercial property has turned negative for the first time in eight years, suggesting investor attitude is catching up with the reality of the market downturn.
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Barber 'to be ousted' from Cap&Reg
10 March 2008
The chief executive of Capital & Regional, one of Britain’s biggest shopping-centre and retail-park owners, is set to be ousted after a boardroom bust-up, according to reports in the weekend's press.
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Southend United gets stadium planning permission
7 March 2008
Southend United football club has received planning permission for a new 22,000-seater stadium and mixed-use development.
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Wilson Bowden wins Rochdale scheme
7 March 2008
Wilson Bowden has been selected to redevelop Rochdale town centre in a £250m project.
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Advantage West Midlands to redevelop copper works
6 March 2008
Advantage West Midlands has bought a former copper works in the Black Country with plans to redevelop it as a 875,000 sq ft business park.
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Stanhope picked for £210m Hereford scheme
4 March 2008
Hereford Council has selected Stanhope as preferred developer for the £210m redevelopment of Hereford town centre.
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Green light for Ridings Shopping Centre extension
4 March 2008
Wakefield Metropolitan District Council has approved plans for a 100,000 sq ft extension for the Ridings Shopping Centre and a 12,000 sq ft office building for Johnston Press.
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CTP and Sainsbury submit Neston Town Centre plans
4 March 2008
CTP and Sainsbury’s have submitted a planning application to Ellesmere Port and Neston Borough Council for a large scheme in Neston Town Centre.
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Asda Living gets expansion plans under way
4 March 2008
Asda has confirmed plans to open three ASDA Living Stores in retail parks in Newport, Stratford-Upon-Avon and Teesside later this year.
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Dublin’s ‘City Markets’ area to get facelift
3 March 2008
Dublin’s famous 19th century fruit, vegetable and fish markets are to be redeveloped into a ‘new gastronomic centre for Dublin’.
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Smoothie bar picks Cushman & Wakefield
3 March 2008
Europe’s largest smoothie bar operator, Zumo Smoothie Bars, has appointed Cushman & Wakefield to find locations for its next ten UK outlets, all planned for opening in 2008.
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Cavern Quarter site up for sale
29 February 2008
Property Regeneration Group has put Union House in Liverpool’s Cavern Quarter up for sale at a guide price of £2.45m.
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Hilton and Marriott ponder Splendid hotel
29 February 2008
Hoteliers in talks with developer to operate central London hotel
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Hotels
29 February 2008
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Paddington lands plum Hotel Indigo
29 February 2008
Intercontinental Hotel Group announced this week that its first UK Hotel Indigo is set to be in Paddington.
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Regional five-star hotels must evolve to survive - Regional ascents
29 February 2008
Outside London, five-star hotels are having to evolve to survive.
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Richard Balfour-Lynn puts his failed Vector flotation behind him and looks to future hotels plans - Alternative arrangements
29 February 2008
Richard Balfour-Lynn is determined to put last year’s failed Vector flotation behind him.
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Stay just a little bit longer
29 February 2008
Liverpool is to host the first of a new sector for the UK hotels market: extended stay.
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Travelodge expands
29 February 2008
Travelodge has bought four hotels in Torquay (above), Chester, Lowestoft and Wolverhampton for £14m. The chain aims to add 4,000 rooms a year until 2020.
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Travelodge hotel for Edinburgh
29 February 2008
Edinburgh City Council has granted developer EDI Group permission for a three-storey, 97-bedroom hotel at Ratho Park, near Edinburgh airport.
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Frogmore West End scheme set for planning success
27 February 2008
Frogmore is on target to receive planning permission for a 20,000 sq ft mixed use scheme to the north of Oxford Street.
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Sainsbury’s shops in north of England
27 February 2008
Sainsbury’s has bought two Co-operative Group stores in the north of England as part of its push into new regions.
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Land Securities plans for Liverpool
27 February 2008
Land Securities has submitted a planning application for the £100m re-development of the St John’s Centre in Liverpool.
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Budget fashion retailer Select goes into administration
26 February 2008
Select, the high street fashion chain, has gone into administration but the management has rescued half the group’s 250 stores.
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Westfield signs Topshop and friends in Bradford
26 February 2008
Westfield has signed up a raft of tenants at its scheme in Bradford.
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Architects appointed for £800m Leeds scheme
25 February 2008
The Leeds Partnership, a joint venture between Hammerson and Leeds-based Town Centre Securities, has appointed six architects for its £800m retail-led scheme in Leeds.
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Conygar gets consent for £110m Pembroke port scheme
22 February 2008
Conygar, the investment company headed by Robert Ware, has won planning consent for a £110m waterfront scheme at Pembroke Dock in Wales.
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Tesco in talks to open store at Sunderland Retail Park
22 February 2008
Tesco confirmed today it is in talks with Sunderland City Council to open a new store at Sunderland Retail Park to the north of the River Wear.
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Kick off for rugby stadium
21 February 2008
The largest purpose built rugby stadium in the UK, being built for the Leicester Tigers, got the go ahead this week.
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New retailers for Bath scheme
21 February 2008
Swedish fashion chain H&M and Boots have signed for space at Multi Development’s 460,000 sq ft SouthGate development in Bath.
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Glenkerrin green light for E600m Dublin Development
20 February 2008
Irish developer Glenkerrin has won planning permission for a E600m (£452m) redevelopment of the Vetinary College site in the Ballsbridge area of Dublin.
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Frogmore and Galliard bought out of Westminster hotel
20 February 2008
Park Plaza Hotels has bought Frogmore and Galliard Homes out of the 1,000-bedroom Westminster Bridge apart-hotel.
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Elbow Room pool bars cue up sale
20 February 2008
An American entrepreneur has snapped up The Elbow Room, a chain of five pool bars, for his growing bar empire.
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Peel gets go-ahead for Spanish Trafford Centre
19 February 2008
Peel Holdings has been given the green light from planners for a £500m retail scheme at Torremolinos on the Costa del Sol.
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Tchenquiz ponders pub chain action
19 February 2008
Laurel Pub Company, the high street group owned by property tycoon Robert Tchenguiz, is considering options for up to 100 of its pubs that could lead to them being sold off or put into administration. Daily Telegraph, The Times
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CLS sells knocked down Heathrow office
18 February 2008
Sten Mortstedt’s CLS Holdings has sold a Heathrow office building for £12.8m, a 5% discount to its June valuation.
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Plaza buys sixth development scheme in Romania
18 February 2008
Plaza Centers, the European retail property developer, has bought a site in Honedoara in Romania.
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Go ahead for luxury hotel in Oxfordshire
15 February 2008
Firoz Kassam’s Firoka Group has got the go ahead for an extension to its Heythrop Park Hotel in Oxfordshire.
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Supermarkets braced for competition commission decision
15 February 2008
The supermarket industry is bracing itself for a potential forced sale of land to allow rivals to open areas where it is deemed there is not enough competition.
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Great Portland fills up West End office
15 February 2008
Great Portland Estates has completed a raft of lettings at Great Portland Street in the West End of London.
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Green light for Somerset scheme
14 February 2008
A Somerset town is set for a major extension after a 40-acre mixed use scheme won planning this week.
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Balmoral submits 300,000sq ft Aberdeen plans
14 February 2008
Balmoral Park, a subsidiary of off-shore engineering company Balmoral Group, has submitted plans for a 300,000 sq ft hotel and business park to the south of Aberdeen.
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Liberty's property portfolio solid in face of downturn
13 February 2008
Liberty International’s portfolio remained robust in the face of the market downturn it revealed today.
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Multiplex UK chief executive resigns
13 February 2008
Multiplex’s UK chief executive Jayne McGivern has resigned.
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JER buys Stevenage hotel
13 February 2008
JER Partners has bought the Express by Holiday Inn hotel in Stevenage for an undisclosed amount and plans to add it to its Morethanhotels portfolio.
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New Look for Blackpool
12 February 2008
New Look has signed up for a store in Modus’s Houndshill Shopping Centre in Blackpool.
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Birmingham to get its skates on
11 February 2008
Birmingham is set to get its first permanent ice-rink in five years following Birmingham City Council’s approval today.
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Westfield on track at London shopping centre
11 February 2008
Westfield has announced it is on track to open its £1.6bn London shopping scheme on schedule for Christmas.
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Goodman buys £80m retail park
11 February 2008
Goodman Property Investors has bought an £80.5m retail park in Greater London.
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Newcastle United owner buys into Shaftesbury
11 February 2008
Mike Ashley and Paul Kemsley are building a stake in Shaftesbury, the UK-listed real estate company that owns parts of Carnaby Street and London’s Chinatown.
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Race begins at Basildon sporting village
8 February 2008
Basildon Council has short-listed three leisure operators to develop its 140,000 sq ft sports village.
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Dawnay Day Treveria poaches asset managers
8 February 2008
Dawnay Day Treveria Real Estate Asset Management has appointed two senior asset managers.
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GE bulks up in Poland
8 February 2008
GE Real Estate has bought the remaining 24.8% interest in its Polish joint venture Green Holdings for €80m (£59.4m).
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Peacocks to strut into Wakefield
7 February 2008
Modus has signed Peacocks at its £200m Trinity Walk development in Wakefield, West Yorkshire.
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UK retailers fear global economic downturn says survey
7 February 2008
Global economic problems are the number one concern for UK retailers according to a survey of leading retailers published today.
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Dubai’s £130m swoop on the Crown’s Metropole
6 February 2008
Istithmar, the Dubai state-controlled investment company, has bought a hotel development site near London’s Trafalgar Square for £130m.
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ING and GIC complete Italy’s largest retail investment deal
6 February 2008
ING Real Estate and GIC Real Estate have completed a 50:50 joint venture deal to buy the Roma Est Shopping Centre in Italy in the country’s largest single retail asset transaction ever.
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Multi brings summer to Wolverhampton
6 February 2008
Wolverhampton City Council announced the go ahead for Multi Development’s £300m Wolverhampton scheme.
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LaSalle and Centros to create mixed use scheme for York
6 February 2008
LaSalle Investment Management has bought the Coppergate shopping centre in York from Land Securities for around £43m.
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Silverstone redevelopment motors on
5 February 2008
An extreme sports complex, a business park and two hotels are being planned in a bid to secure the future of the British Grand Prix at Silverstone.
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Gladedale to double Aberdeen shopping centre
5 February 2008
Gladedale Capital has submitted plans to nearly double the size of Westhill Shopping Centre in Aberdeen.
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Trio of deals at Segro's Winnersh Triangle
1 February 2008
Segro has confirmed almost 200,000 sq ft of deals at Winnersh Triangle near Reading.
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Crest Nicholson's Bath scheme avoids call-in
1 February 2008
Crest Nicholson’s Bath Western Riverside scheme will finally go ahead after government officials decided not to call it in.
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Scandinavian retailer homes in on UK furniture market
30 January 2008
Scandinavian homewares retailer Jysk has entered the UK market with the signing of two stores ahead of a wider roll out.
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Second high street footwear retailer goes into administration
29 January 2008
Stead & Simpson, the footwear retailer, plunged into administration yesterday.
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Cathedral to develop £75m Clapham scheme
29 January 2008
Lambeth Council has selected Cathedral Group to develop a £75m residential and leisure in Clapham town centre.
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Blackrock to redevelop Dublin’s Market Area
29 January 2008
Aim-listed Blackrock International Land has formed a joint venture with the Linders and Kelly families to redevelop the Market Area in central Dublin.
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Nike and Diesel sign at Hatfield Galleria
29 January 2008
Nike and Diesel have signed at Land Securities’ Galleria shopping centre in Hatfield.
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Debenhams signs in Aylesbury
29 January 2008
Warner Estate has signed Debenhams as the anchor store to its Waterside Shopping scheme in Aylesbury.
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Tesco Homeplus signs in Preston
29 January 2008
Tesco has signed up to open a Homeplus store in Preston.
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Zara and friends to open at Liverpool One
28 January 2008
Spanish fashion and homeware retailer, Inditex, has taken more than 30,000 sq ft of space at Liverpool One, Grosvenor’s £950m retail-led transformation of the city centre.
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Tiger gets go ahead for Docklands scheme
28 January 2008
Tiger Developments has been granted planning permission by Tower Hamlets Borough Council to carry out a £5m redevelopment of Harbour Island scheme in London’s Docklands.
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Burger King bids farewell to Piccadilly Circus
28 January 2008
Burger King is set to leave Piccadilly Circus after more than ten years at the tourist destination.
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Cushman splits from German retail agency
25 January 2008
Cushman & Wakefield has ended its association with German retail agency Kemper’s.
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Birmingham to get first 5-star hotel
24 January 2008
US hotel operator Starwood Hotels & Resorts has confirmed it will open Birmingham’s first 5-star hotel.
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Waitrose's Cardiff debut
23 January 2008
Waitrose is to open its first store in Cardiff.
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Jones Lang LaSalle buys hotel specialist
22 January 2008
Jones Lang LaSalle has bought a Glasgow-based hotels, leisure and lettings consultancy to strengthen its ability to advise on mixed-use developments.
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Tesco teams up with developer in Accrington
22 January 2008
Manchester-based developer Property Alliance Group has submitted a joint planning proposal with Tesco to build a food store in Accrington, Lancashire.
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Wilson Bowden plans Chesterfield kick off
21 January 2008
Wilson Bowden Developments is to submit plans for the redevelopment of the Demaglass site in Chesterfield , Derbyshire.
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Dolcis goes into administration
21 January 2008
Dolcis, the shoe retailer, collapsed into administration today.
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Cabot Circus signs 10 tenants
18 January 2008
Land Securities and Hammerson have hooked ten more tenants for their 1m sq ft Cabot Circus development in Bristol.
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E800m Finnish hotel sale
18 January 2008
A Finnish hotel portfolio has been sold for approximately €800m (£600m) to Nordic asset manager CapMan.
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BL gears up for downturn with €300m retail sale
17 January 2008
British Land has sold a €300m (£224m) portfolio of European retail properties to Henderson Global Investors, and will use the cash to buy from distressed sellers.
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Dutch spend £60m in car park spree
17 January 2008
A Dutch fund has bought four car parks in London for around £60m (E80m).
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Falling property values threaten £2.4bn of loans
16 January 2008
The fall in UK property values could cause securitised loans worth £2.4bn to go into default.
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Brierley Hill to get town centre status
15 January 2008
Brierley Hill in the West Midlands has got town centre status after a 12 year long battle.
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Wilson Bowden signs agreement for Macclesfield revamp
15 January 2008
Wilson Bowden has signed a development agreement with Macclesfield Borough Council for the revamp of the town centre.
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Occupier demand unaffected by property 'crisis'
15 January 2008
Occupiers are still keen to expand their property space despite the current market conditions, according to new research.
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London & Associated shops in Solihull
15 January 2008
London & Associated Properties, the retail and London focused property investor, has bought seven shops in High Street and Mill Lane, Solihull for £13.7m.
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M&S signs at Leeds’ Eastgate scheme
14 January 2008
Hammerson and Town Centre Securities have agreed terms with Marks & Spencer to anchor their proposed 1.5m sq ft Eastgate scheme in Leeds.
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DTZ to carry out Stirling city ‘health check’
10 January 2008
DTZ has been appointed by Stirling Council to help boost the ‘economic health’ of its city centre.
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London’s movie mecca to get £18.5m revamp
10 January 2008
London’s Leicester Square will be given an £18.5m face-lift, it was announced today.
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Malmaison owner ‘extremely positive' about 2008 despite crunch
10 January 2008
Marylebone Warwick Balfour’s shares jumped 10% this morning after it published an upbeat trading statement.
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Union expands international shopping centre portfolio with €74m Italian buy
10 January 2008
Union Investment Real Estate has bought its first shopping centre in Italy, continuing its international diversification strategy.
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St Modwen to develop £50m north east London scheme
10 January 2008
St Modwen and Waltham Forest Council have signed a development agreement for the regeneration of the former Arcade site in Walthamstow, north east London.
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Wheel-shaped hotel planned for Dubai waterfront
9 January 2008
Nakheel, the Dubai royal family-owned developer, today announced plans for its Dubai Promenade waterfront community scheme.
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DTZ in Scottish regeneration treble
9 January 2008
DTZ has been appointed to act for three urban regeneration companies (URCs) for three different Scottish locations.
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Ken promises to deliver Olympic legacy
9 January 2008
The Mayor of London said the success of the 2012 Olympic Games will be judged by the regeneration of East London.
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M&S sales dip slashes 20% off share price
9 January 2008
Marks & Spencer reported its worst quarterly sales performance for two and half years this morning, prompting its share price to plunge by nearly 20%.
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Hammerson and Urban Splash selected in Swansea
7 January 2008
Hammerson and Urban Splash have been selected as preferred developers for a 30-acre mixed use scheme in Swansea city centre.
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Westfield shops at New York’s Ground Zero
4 January 2008
Westfield is to develop the retail at New York’s World Trade Center site.
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Prospect submits plans for West Lancs office development
4 January 2008
Prospect has revealed plans for a £12m office development in West Lancashire.
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Oracle gets £90M for Docklands development
3 January 2008
Mixed-use property developer Oracle Group has secured £90m of funding from the Royal Bank of Scotland (RBS) for the first phase of its Indescon Court development in London’s Docklands.
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Administration looms for footwear chain Dolcis
3 January 2008
Footwear chain Dolcis is poised to enter administration as landlords seek unpaid rent.
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Minerva loses out on Croydon payment
3 January 2008
Minerva has been forced to wait for a £92m payout following the delay of John Lewis signing at Croydon.
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Struggling Centro puts itself on the block
2 January 2008
Australian shopping centre investor Centro Properties has put itself up for sale after struggling to refinance short-term debt.
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London Town buys pub group
28 December 2007
London Town, the AIM-listed pub company backed by property entrepreneurs Jack Petchey and the Richardson brothers, has expanded its pub portfolio.
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Credit crunch delays £309m Westfield sales
27 December 2007
Shopping centre giant Westfield has delayed plans to sell more than A$700m (£309m) of property in the wake of the credit crunch.
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Puma snaps up 'edge-of-town food discount' portfolio in Germany
27 December 2007
Puma Brandenburg, the AIM-listed German property investor, has bought a portfolio of Lidl stores for E108.4m (£79m).
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Marina company sails into Grenada
27 December 2007
AIM-listed Camper & Nicholsons Marina Investments has bought a marina in the West Indies being promoted by leisure entrepreneur Peter de Savary.
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High streets lose 3,000 traditional shops in seven years
27 December 2007
The dramatic decline of the traditional British fishmonger and butcher has been laid bare, with official figures showing that nearly 3,000 have gone out of business or quit the industry in the past seven years. Daily Telegraph
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Delek goes shopping for German hypermarkets
24 December 2007
Israeli investor Delek Real Estate has bought a chain of retail properties in Germany from retailer Metro for E243m (£176m).
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The New West End Company gets ‘yes’ vote for another five years
21 December 2007
NWEC, the business improvement district for Oxford Street, Regent Street and Bond Street, will receive a £34m investment boost following the vote of confidence from retailers in the area for its mandate to be renewed for the next five years.
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Investment company snaps up Crotian supermarkets
21 December 2007
Dawnay, Day Carpathian has bought six Croatian supermarkets for E53.7m.
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Accor sells E466m hotel portfolio
20 December 2007
Accor has sold a portfolio of 57 hotels to a consortium for €466m (£337m).
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Lend Lease withdraws from £ 3.1bn Canning Town scheme
20 December 2007
Lend Lease has withdrawn from the £ 3.1bn Canning Town regeneration scheme forcing Newham Council to search for a replacement developer.
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Beetham’s Southwark tower gets final go-ahead
19 December 2007
Southwark Council has granted planning permission for the Beetham Organisation’s 52-storey storey tower on the southside of the River Thames in London.
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JER sells stake in £185m London hotel
19 December 2007
JER Partners has sold its 50% stake in the Andaz Liverpool Street London, formerly the Great Eastern Hotel, to joint venture partner Global Hyatt Corporation.
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Objections to £100m Lichfield scheme dropped
18 December 2007
Objections to a £100m mixed use scheme in Lichfield, Staffordshire have been dropped at the compulsory purchase order (CPO) inquiry into the scheme.
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River Island latest retailer at WestQuay Southampton
18 December 2007
River Island is to open a 15,000 sq ft store at Hammerson and GIC Real Estate’s 800,000 sq ft WestQuay shopping centre in Southampton.
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Northern Ireland’s Ewart confirms Victoria Place deal
18 December 2007
Northern Ireland’s William Ewart Properties has confirmed it has exchanged contracts to buy the Metro Fund’s Victoria Place shopping scheme in central London.
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Blackstone backs Milligan in UK shopping centre venture
17 December 2007
US private equity firm Blackstone Group has teamed up with John Milligan’s retail company to invest in UK shopping centres.
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Derwent London gets nod for Turnmill refurb
17 December 2007
Derwent London has got the go ahead for the redevelopment of the Turnmill building in London’s Clerkenwell.
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Wilson Bowden to serve up Glasgow restaurant district
17 December 2007
Glasgow City Council has selected Wilson Bowden Developments to design a £10m waterfront restaurant quarter.
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Peterborough gets new shops
14 December 2007
Hammerson and Morley, the joint owners of the Queensgate shopping centre in Peterborough have signed up three new retailers.
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Westfield gets go ahead for Sydney scheme
14 December 2007
Westfield got the go ahead for the redevelopment of its Centrepoint, Imperial Arcade and Skygarden properties in Sydney.
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Travelodge signs for Waterloo hotel
13 December 2007
Travelodge, the budget hotel chain, has exchanged contracts for a hotel development close to Waterloo in London.
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Aberdeenshire council reverses decision for Trump’s golf course
12 December 2007
Aberdeenshire Council has reversed its decision to oppose Donald Trump’s golfing resort plans after sacking a committee chairman.
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Doughty Hanson exits from Italian scheme
12 December 2007
European private equity firm Doughty Hanson has sold the Maciachini Center office building in Milan to a joint venture between Luxembourg investment company Milareal Sarl and Italian developer Via Imbonati, for €380m (£273m).
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Plaza centres buys third retail scheme in Serbia
12 December 2007
Plaza Centers, the listed European shopping centre investor, has bought a €105m (£75.4m) retail development project in Belgrade, Serbia.
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The Mall plans major Luton extension
11 December 2007
The Mall has submitted plans for a £150m extension to make its Luton shopping centre one of the UK’s largest.
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Mayfair sells Dover Street office building
11 December 2007
Private investor fund MC Property Growth Fund has sold Aspen House on Dover Street to Browns Hotels for £7.5m.
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Marks & Spencer to open first store in Armagh
11 December 2007
Marks & Spencer is to open its first store in Armagh, Northern Ireland at Jermon Development’s retail park The Spires.
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Vantage spends £55m to neighbour Harrod's
10 December 2007
Vantage Asset Management has bought a mixed-use block next to renowned department store Harrod’s in London’s Knightsbridge for £55m.
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Allsop sale lifts market gloom
10 December 2007
Allsop provided some relief from the negativity surrounding the property market as it posted an excellent result at its auction last Thursday.
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Quintain wins 1m sq ft consent in Birmingham
10 December 2007
Quintain has been granted outline planning permission for its 1m sq ft Birmingham City Park Gate regeneration scheme.
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Salmond in Trump golf plan row
10 December 2007
Scotland's First Minister Alex Salmond is under pressure to explain a meeting he had with Donald Trump’s spokesman the day before ministers announced they would have the final say on the billionaire’s plans for a golf resort in Aberdeenshire.
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Treasury Holdings submits Dublin hotel plans
10 December 2007
Treasury Holdings' Spencer Dock Development Company has submitted a planning application for a 35-storey hotel which will form part of Ireland’s first National Conference Centre at Dublin’s docklands.
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Full steam ahead for Green Park Station
7 December 2007
Prupim’s plans for Green Park station, the first privately financed and new build station in the UK for 50 years, got the go-ahead this week from the local council.
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Queen's view threatened by towers says Westminster
7 December 2007
Land Securities was last night told it will have to cut down the size of its buildings if it wants to develop a £2bn transport interchange at London’s Victoria train station with a planning committee pointing out that the view from Buckingham Palace gardens would be affected by their height.
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Local Shopping REIT sees 4% drop in portfolio value
6 December 2007
Local Shopping REIT revealed a 4% drop in the value of its portfolio today.
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Gov't gives £50m to build Tate Modern extension
6 December 2007
The campaign to build a £215m extension to Tate Modern received a big funding boost yesterday when the government announced a £50m grant to kick-start the project.
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Segro wins planning consent at Winnersh Triangle
5 December 2007
Segro has won detailed planning consent for the first phase of its newly relaunched Winnersh Triangle business park near Reading.
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Northacre and Minerva get go-ahead for Kensington Odeon
5 December 2007
Northacre and Minerva have got the go-ahead for a residential-led redevelopment of a cinema site in London’s Kensington.
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Matrix sells Edinburgh offices for £27m
4 December 2007
Matrix Property Fund Management has sold three office blocks on Rosyth Europarc business park to the north of Edinburgh for £27m.
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Chris Evans buys Welsh country inn
4 December 2007
Radio 2 presenter Chris Evans has bought the freehold of a Welsh country inn in an off-market deal.
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Legal blow forces Tesco into sale talks
3 December 2007
Tesco is in talks to sell a 16-acre former brewery site after hitting a legal barrier.
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Gateway forum welcomes Callcutt's reveiw
30 November 2007
John Callcutt’s recent housing review received a warm reception at the Thames Gateway Forum yesterday.
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Oriental City sold for £68m
30 November 2007
Development Securities today announced that it has completed the sale of Oriental City.
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Trump trumped over Scots golf plan
30 November 2007
Plans by Donald Trump to spend more than £1bn developing a world-class golf resort in north-east Scotland were in disarray last night after councillors threw out the scheme.
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PM pledges £9bn for Gateway
29 November 2007
Gordon Brown today told the property community his plan for delivering the Thames Gateway with £9bn of government investment.
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Hemingway slams quality of Thames Gateway
29 November 2007
Designer Wayne Hemingway said the quality of buildings being developed in the Thames Gateway were not up to scratch today at the Thames Gateway Forum.
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'Thames Gateway could be new Rome' says Sir Stuart Lipton
29 November 2007
Sir Stuart Lipton, deputy chairman of Chelsfield Partners, compared the Thames Gateway with the Rockefeller Centre, the Champs-Élysées, and ancient Rome as he set out his vision for the area’s future.
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Thames Gateway Forum: Higgins reveals ten point Olympic plan
28 November 2007
David Higgins revealed a ten point plan for the delivery of the Olympic area in east London at the Thames Gateway Forum today.
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Tesco ordered to sell Slough site
28 November 2007
The Competition Commission has decided that Tesco must sell the former Co-op store on Uxbridge Road in Slough as it had reduced competition and choice in the area.
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Thames Gateway model revealed
28 November 2007
The first model of the Thames Gateway, and the largest architectural model in the UK, was launched this week on the first day of the Thames Gateway Forum. The 25-metre long model, the length of three London buses end to end, is to act as a guide for investment opportunities and to show residents what developments are happening in the area.
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Bath Western Riverside green light
28 November 2007
One of the biggest urban regeneration schemes in the South West won planning at a meeting last night.
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Thames Gateway: Minister calls for green utopia
28 November 2007
The Thames Gateway will soon be looked upon as the template for green development the housing minister Yvette Cooper told the Thames Gateway Forum today. 'The entire built up area of the Thames Gateway will be a pioneering region for zero carbon emissions,' said Cooper.
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Crest Nicholson to develop £100m Rochester residential scheme
28 November 2007
Crest Nicholson and partner BioRegional Quintain have been selected as the preferred developer for the £100m regeneration of Rochester Riverside in Kent.
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De Vere hotel at IQ Farnborough
28 November 2007
Segro has signed up a major hotel chain to kickstart its ‘Village Farnborough’ concept at the newly rebranded IQ Farnborough.
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RREEF and Pirelli agree €4.5bn deal
27 November 2007
Deutsche Bank’s property fund management arm RREEF and Italy’s Pirelli Real Estate have agreed one of the biggest ever European property deals.
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Redevco buys shopping centre in Glasgow
27 November 2007
Redevco has bought Princes Square shopping centre in Glasgow.
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Independent retailers are being driven off high street
27 November 2007
Independent retailers are being driven off high streets around the UK warned the British Shops and Stores Association today.
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Design of Silvertown Quays aquarium revealed
27 November 2007
The developers of the £1.5bn Royal Dock site, Silvertown Quays, KUD International and landowner London Development Agency, have revealed details for the aquarium at the scheme.
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Irish-Israeli Marriott owners sell five hotels
27 November 2007
The Irish-Israeli joint venture behind the purchase of the £1.1bn Marriott hotel portfolio in April this year has sold five of its ‘non core’ hotels for $69m (£48m).
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Panayiotou buys Scottish hotel
26 November 2007
Andreas Panayiotou’s Ability Group has bought Dunblane Hydro hotel in Perthshire as part of his move into hotel property.
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Go ahead for mixed use scheme in Stanmore
26 November 2007
Berkeley Urban Renaissance has got the go-ahead for a mixed-use project in Stanmore in north west London.
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Henry Boot to develop mixed use scheme in Rotherham
23 November 2007
Henry Boot Developments has bought 16 acres in Rotherham for a mixed-use development.
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Bank of Scotland to move its Glasgow HQ home
22 November 2007
Bank of Scotland Corporate is moving back to it’s headquarters of 50 years to consolidate all of its west Scotland staff under one roof.
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Mayor opposes Heathrow expansion
22 November 2007
London mayor Ken Livingstone has strongly opposed plans for a third runway announced today by Transport Secretary Ruth Kelly.
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Telereal to buy £800m RBS portfolio
22 November 2007
The Pears family’s Telereal is poised to buy an £800m portfolio of offices and banks from the Royal Bank of Scotland.
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Aberdeen shops in Belgium
22 November 2007
A pan-European Aberdeen Property Investors fund has bought a 47,000 sq ft shopping centre in the capital of Belgium.
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JV Announced for watersports development
22 November 2007
The South West of England Regional Development Agency (RDA) has appointed Sutton Harbour Group as its development partner on a £30m tourism and leisure destination.
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Time to invest in retail, says DTZ
22 November 2007
The credit crunch has made retail property an ideal investment, research by DTZ has said.
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Major Thames development announced
22 November 2007
A consortium led by the East of England Development Agency (EEDA) has announced the development of South Essex’s largest riverside regeneration scheme.
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Cushman & Wakefield buys Petch Hall
22 November 2007
Cushman & Wakefield has bought Manchester based retail warehousing firm Petch Hall.
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Morrisons plans South west shed
22 November 2007
Morrisons, the UK’s fourth largest supermarket group, is planning to build a major new distribution hub on the former Gerber Foods Factory site in Bridgwater, Somerset.
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M&S moves into Imperial Wharf
21 November 2007
Marks & Spencer has become the latest retailer to move into St George’s riverside development, Imperial Wharf, after taking 17,229 sq ft for a food store.
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Co-op seeking development partner
21 November 2007
The Co-operative Group has launched a search for a development master planner for a major regeneration site in the centre of Manchester.
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Redrow Homes puts brand on former cattle market
21 November 2007
Redrow Homes has bought a former cattle market site in Stratford-upon-Avon and plans to redevelop it into a multi-million pound regeneration scheme.
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Donald Trump tees up Aberdeen development
21 November 2007
Aberdeen is set for a Donald Trump-style golf resort after plans for the tycoon’s £1bn leisure scheme were approved.
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Croydon Gateway inquiry closes with human rights plea
20 November 2007
A bitterly contested planning enquiry over one of London’s largest development sites came to a close yesterday.
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Henry Boot signs Daventry agreement
20 November 2007
Daventry District Council has signed a development agreement with Henry Boot Developments to be preferred development partner for a town centre scheme.
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Plaza Centers heads to Bulgaria
20 November 2007
Plaza Centers has made its first foray into Bulgaria with a E38m (£27m) retail development.
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Center Parcs to open new shops
19 November 2007
Center Parcs, the holiday company owned by Blackstone, is to open new retail units on its parks and has signed a management agreement with a retailer to manage its stores.
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Hermes signs Asda Living
16 November 2007
Hermes Real Estate has signed up Asda to open its first Asda Living concept in London.
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Claridge's extension gets planning recommendation
16 November 2007
Derek Quinlan looks set to get planning permission to build two extra floors on top of his prestigious Claridge’s hotel in London’s Mayfair after planning officers recommended his application.
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DeVere hotels up for sale
15 November 2007
Alternative Hotel Group is selling two DeVere hotels after buying the company in July last year.
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New hotel for Aberdeen airport
14 November 2007
The Airport Property Partnership (APP), a joint venture between Morley Fund Management and the British Airports Authority, has announced a new hotel to be built at Aberdeen Airport.
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Multiplex completes shopping centre buy
13 November 2007
Multiplex has bought Friars Square shopping centre in Aylesbury in Buckinghamshire for less than its £90m asking price.
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Jersey 'Esplanade Quarter' consultation starts
13 November 2007
The Jersey government has launched a public consultation into its plans for one of the biggest mixed-use schemes on the island.
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New Covent Garden hunt for design team
12 November 2007
Covent Garden Market Authority (CGMA) is searching for a design team for the redevelopment of New Covent Garden market in Vauxhall.
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Next step agreed for Birmingham’s Martineau Galleries
12 November 2007
Birmingham City Council has entered into a development agreement with the Birmingham Alliance to develop the Martineau Galleries project, a £750m retail-led mixed use scheme in Birmingham city centre.
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Budget Hilton to make European debut in Corby
12 November 2007
OFF Developments has signed up a budget Hilton brand which is making its debut in Europe to anchor its leisure scheme in Northamptonshire.
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Dundrum set for 500,000 sq ft expansion
9 November 2007
Dundrum town centre is set to expand by 500,000 sq ft with a restaurant quarter, extra shops and an office scheme in the Irish town.
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Glasgow wins Commonwealth games race
9 November 2007
Glasgow has won the race to host the 2014 Commonwealth Games, it was announced today.
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Plaza buys second site Serbia
9 November 2007
Shopping centre developer Plaza Centres has completed its second purchase in Serbia.
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Swedish baker first tenant of Edinburgh development
8 November 2007
Swedish baker Peter’s Yard has become the first retail tenant in Gladedale’s Quatermile mixed use development in Edinburgh.
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Liberty venture buys last Lewis store
8 November 2007
Liberty International subsidiary Capital & Counties and North West developer Merepark have bought Liverpool’s 420,000 sq ft Lewis Building.
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Four on Metropole shortlist
8 November 2007
Four developers have been shortlisted to buy the Crown Estate’s Metropole building in London’s West End.
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General Growth Properties plots expansion
8 November 2007
US REIT General Growth Properties is planning to add 22,000 residential units, 4.67m sq ft of office space and more than 9,000 hotel rooms to its retail portfolio across the States as part of its ‘densification’ strategy.
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Green light for £100m developement on Glasgow's Odeon site
7 November 2007
Scottish developer Duddingston House Properties (DHP) has won planning consent for a £100m mixed-use scheme on the former Odeon Cinema in Glasgow.
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Barratt picked for £226m Lewisham scheme
7 November 2007
Barratt Developments has been chosen as preferred developer for a £226m redevelopment in South London.
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Dublin’s Adamstown Central plans unveiled at BCSC
7 November 2007
Plans for a retail scheme that will form the centre of Dublin’s largest new town Adamstown were unveiled yesterday at the BCSC conference in Gateshead.
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UK retail development pipeline falls
7 November 2007
The UK’s retail development pipeline for the next five years has fallen by 15% to 8.4m sq ft as a tougher retail climate dampens demand says Colliers CRE.
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Consumers weary of ‘green’ marketing
6 November 2007
A consumer backlash has started against retailers and brands that appear to be jumping on the ‘green’ bandwagon, according to research from Viewpoint.
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Ripley's Trocadero move
6 November 2007
Asif Aziz’s Criterion Capital has moved Ripley’s Entertainments into 25,000 sq ft in the Trocadero Retail and Leisure complex.
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Liberty shopping centre values unaffected by credit crunch
6 November 2007
Liberty International this morning reported no change in its net asset value in the third quarter, as the value of its prime shopping centre-led portfolio was barely affected by the onset of the credit crunch.
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GE Buys in Sweden
6 November 2007
GE Real Estate Nordic increased its Scandinavian property exposure with the purchase of a retail unit at Skiftinge retail park in Eskilstuna, Sweden for an undisclosed sum.
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M&S and Prologis team up for distribution hub
6 November 2007
Marks & Spencer announced today that it would team up with Prologis for a major distribution centre in Bradford, West Yorkshire, as tipped by Property Week (14.09.07).
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Tchenguiz battered by Sainsbury’s fallout
6 November 2007
Investors stampeded out of stocks in which Robert Tchenguiz holds stakes yesterday after the failure of the J Sainsbury bid. The Times, The Guardian
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Anglo Irish Bank to fund Aberdeen scheme
5 November 2007
Anglo Irish Bank has agreed to fund Hazledene Group’s £75m mixed-use development in Aberdeen, Scotland.
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A Fnac for expansion
Retail and Leisure November 2007
The French retail giant wants to get into London.
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A hope in Hull
Retail and Leisure November 2007
St Stephen’s shopping centre is driving shoppers westward.
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Family values
Retail and Leisure November 2007
Aditi Shah meets Kenelm Cornwall-Legh, 29, a surveyor in CB Richard Ellis’s leisure and alternative investment team, and his brother, George Cornwall-Legh, 25, a surveyor in King Sturge’s industrial agency team
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Fruitful beginnings
Retail and Leisure November 2007
Christine Eade returns to Orange Tree in Exeter’s Princesshay shopping centre and discovers good pickings are to be had
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Future shop
Retail and Leisure November 2007
Property Week and BCSC hosted a no-holds-barred conference into what retail property needs to do in the next 10 years and got short shrift from retailers.
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Ghetto blaster
Retail and Leisure November 2007
A new study by an expert who revived Harlem shows how retail can aid regeneration.
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Kids’ stuff
Retail and Leisure November 2007
Jason Ward and Alex Cheney have ambitious plans for their children’s play centre concept, Monkey Bizness.
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Restaurant critic
Retail and Leisure November 2007
Westminster City Council is reluctant to grant consents for new West End restaurants. Christine Eade speaks to Shelley Sandzer partner Trevor Shelley
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Retail and Leisure Nov07
Retail and Leisure November 2007
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Retail blues
02 November 2007
Has complacency cost Bluewater its shopping centre crown?
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Ruby celebration
Retail and Leisure November 2007
Father-and-son team Des and Nigel Gillingham, alias Markham Vaughan Gillingham, last month hosted a party to mark 40 years of letting ‘unlettables’.
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The Last call?
Retail and Leisure November 2007
The closure of many converted-cinema bingo halls is hitting the secondary market
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Westfield winner
Retail and Leisure November 2007
The largest shopping centre owner in the world has opened in Derby.
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Healey urges retailers and councils to work together
30 October 2007
Local Government Minister John Healey called on the retail sector and local authorities to work more closely to bring investment to deprived areas yesterday.
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Cruise and Hugo Boss sign up to Leicester’s Highcross shopping centre
29 October 2007
Designer brands Cruise and Hugo Boss have signed up to take stores at Hammerson’s and Hermes’ £350m Highcross Leicester shopping centre.
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Pompey forced to move to new site
29 October 2007
Sellar Property Group and Portsmouth Football Club have been forced to move the site of their proposed £600m waterfront stadium and housing scheme to land in the north west of the city.
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Cruise and Hugo Boss sign in Bristol
26 October 2007
Designer retailers Cruise and Hugo Boss have signed up for stores at Bristol’s Quakers Friars scheme.
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An armada of inns
26 October 2007
Barcelo is the latest Spanish hotelier to land in the UK.
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Delancey drives to Brooklands for hotel development debut
26 October 2007
Company to develop 120-room scheme next to Mercedes Benz World on historic Surrey racing circuit
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Hotels
26 October 2007
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The middle way
26 October 2007
Is the market for three-star hotels dead?
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Travelodge to encourage expansion with £500-a-room finder’s fee
26 October 2007
Travelodge has changed the structure of the fees it pays agents for finding sites, in a bid to add 500 hotels to its portfolio by 2020.
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Written in the five stars
26 October 2007
US hotel operator Starwood wants to bring its luxury W brand to London and Manchester.
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Delek pulls out of £1.4bn Jelmoli deal
25 October 2007
Delek Global Real Estate, a London-listed company with Israeli investor Igal Ahouvi, has pulled out of the £1.4bn purchase of Swiss department store Jelmoli’s property portfolio because of the turmoil in the financial markets.
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Thornfield gets go ahead for Bury 'Rock'
25 October 2007
Thornfield Properties has secured planning permission for a £330m mixed use development in Bury town centre.
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Thomas Cook sells 100 shops
23 October 2007
Thomas Cook has appointed Tushingham Moore to off-load 100 stores in the UK.
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Hastings leisure development plans mooted
23 October 2007
Hastings Borough Council has appointed Capita Symonds and S&P Architects to investigate the possibility of undertaking a leisure development in the White Rock part of the Sussex town.
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Peel gets Ramada hotel at Robin Hood airport
18 October 2007
Peel Holdings has begun work on its hotel development at Robin Hood airport.
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Kenmore to fund French factory outlet
18 October 2007
Factory outlet specialist Pantheon Retail has signed a joint venture agreement with Kenmore Property Group and Revcap for a scheme in Gironde, in the south of France.
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Hull shortlists four for Fruit Market site
18 October 2007
A shortlist of four developers for Hull’s Fruit Market site has been unveiled today.
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Milligan flies into London City airport
17 October 2007
Milligan has been appointed to advise London City airport on a revamp in time for the Olympics in 2012.
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Sirocco Quay development in Belfast
17 October 2007
Northern Ireland’s Carvill Group has submitted a masterplan for a redevelopment of a major brownfield site in Belfast.
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Hammersmith Council selects shortlist
17 October 2007
Hammersmith Council has shortlisted four developers for its £110m town-centre redevelopment.
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Countrywide Hotel to work with Whitbread’s Premier Inn hotels
16 October 2007
Hotel entrepreneur Peter Roberts is to launch Countrywide Hotel Acquisitions following the sale of hotel group Golden Tulip UK to Whitbread for £44m.
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JER Partners budgets for hotels
16 October 2007
JER Partners has bought Morethanhotels to expand its budget hotel presence in the UK.
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House of Fraser unveils Bristol store
16 October 2007
House of Fraser has unveiled its new store design in Bristol ahead of opening next year.
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New Look to expand in Bristol
12 October 2007
Fashion chain New Look is opening a 35,000 sq ft flagship store at a Land Securities and Hammerson 1m sq ft joint venture in Bristol.
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Ally Pally trustees seek new order
11 October 2007
Alexandra Palace trustees decided yesterday to reapply to the Charity Commission for an order to grant a long lease to development partner Firoka Group to carry out the redevelopment of the palace.
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Westfield Derby opens 98% let
9 October 2007
Westfield and Hermes today opened their £340m Westfield Derby shopping centre – six months ahead of schedule.
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Lewisham Gateway plans approved
8 October 2007
Lewisham Council has approved plans for the £250m mixed-use Lewisham Gateway development.
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Alexandra Palace loses legal challenge
5 October 2007
Plans for the redevelopment of Alexandra Palace were thrown into disarray this afternoon after the High Court ruled the Charity Commission’s decision to allow the redevelopment was ‘fatally flawed’.
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Westfield signs M&S and Debenhams
5 October 2007
Westfield has signed up Debenhams and M&S at Nottingham and Bradford.
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Quintain buys Wembley retail park
1 October 2007
Quintain Estates is set to buy the Junction fund’s Wembley retail park as part of its plan to increase its land holdings in the area.
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Primark to triple in size at Telford
28 September 2007
Hark Group and Apollo Real Estate Advisors, owners of Telford Shopping Centre, have submitted a planning application to triple the size of the Primark store at the 1m sq ft centre.
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AIG wades into Croydon Gateway battle
28 September 2007
One of the biggest occupiers in Croydon has waded into the bitter battle over Croydon Gateway by signalling that it prefers the 1m sq ft Stanhope and Schroder scheme.
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Sir John Soane Church redevelopment plans set to be rejected
27 September 2007
Plans to turn a Sir John Soane church into an upmarket beauty haven are set to be rejected by Westminster council.
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Aberdeen Property Investors launches Russian fund
27 September 2007
Aberdeen Property Investors has launched a €1.5bn (£1bn) fund to invest in Russian property.
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Quinlan secures new tenants at Polish shopping centre
27 September 2007
Quinlan Private Golub and Spirit International have secured a host of retail tenants at its Galeria Podlaska shopping mall in Bialystok, Poland.
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St Modwen gets go ahead for Bedford town scheme
26 September 2007
St Modwen has won consent for its £150m retail-led redevelopment of Bedford town centre.
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Whitbread buys six Tulip Inn hotels
26 September 2007
Whitbread, the hotel to restaurant business, has bought six Tulip Inn and Golden Tulip hotels and nine development sites in a £44m deal.
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Halfords property head joins Dixons
26 September 2007
Halfords property head Philip Bell-Brown is to join DSG International as property director.
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Lord's members to give their views on redevelopment plans
25 September 2007
Marylebone Cricket Club’s (MCC) members are set to give feedback on plans for the redevelopment of the famous Lord’s cricket ground.
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Hotels drive strong MWB results
25 September 2007
Marylebone Warwick Balfour Group revealed good half-year results today, thanks to a storming performance from its hotel division.
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Liberty of London to open on Sloane Street
25 September 2007
Liberty, the upmarket department store in London, is to open a small format store in London’s Sloane Street.
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Property investor buys nine Vodka bars
24 September 2007
Revolution vodka bars has completed a sale and leaseback of nine properties for more than £17m.
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Borders bought by Risk Capital Partners
21 September 2007
Borders, the book shop chain, has sold its UK and Ireland operation to venture capitalist firm Risk Capital Partners.
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Panayiotou buys Liverpool's Hilton hotel
21 September 2007
Andreas Panayiotou’s Ability Group has bought the Hilton hotel in Liverpool from Grosvenor.
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Sainsbury’s rules out property spin-off
20 September 2007
Sainsbury’s confirmed this morning that it will maintain ownership of its property portfolio as part of any deal with Qatari-backed investment vehicle Delta Two.
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The Junction secures debut retailer at Aylesbury retail park
20 September 2007
Furniture retailer HomeStore+More is to open its first store in the UK at The Junction’s Cambridge Close retail park in Aylesbury, Buckinghamshire.
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Credit crunch hits £700m hotel sale
20 September 2007
MWB has put its sale of its £700m Malmaison and Hotel du Vin hotel chain on ice citing the global credit crunch as hindering the deal.
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RREEF buys hotel company
19 September 2007
RREEF has made its first push into the UK regional hotel sector buying the Four Pillars Hotel Group and setting up a joint venture to further expand the business.
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Kenmore buys Bristol retail
19 September 2007
Kenmore Property Group has bought a retail complex in Bristol city centre for £20.5m.
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Quinlan sells Prague centre
18 September 2007
Quinlan Private has sold an office and retail centre in Prague to german investor Commerz Grundbesitz for E90m (£62.6m).
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Pret a manger opens first Pod
18 September 2007
Pret a Manger is to open the first of its new sandwich kiosk brand at the Pallasades shopping centre in Birmingham.
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Ritz 'salesman' exposed
12 September 2007
A property investor was conned into paying a £1m deposit to a man posing as a property trader who claimed to have secured a deal to buy the Ritz Hotel from the Barclay Brothers for just £200m.
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Brierley Hill gets town centre nod
11 September 2007
Brierley Hill, the area surrounding Merry Hill shopping centre in the west Midlands is set to be given the status of town centre by the end of 2007.
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Are you experienced?
Out of town retail supplement Sep 07
The RICS is approaching its younger members to become arbitrators, as conflicts of interest increasingly rule out senior experts.
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End of story
Out of town retail supplement Sep 07
Borders’ failed attempt to bring bookshops to retail parks is partly to blame for the chain being up for sale. Christine Eade reports
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Family values
Out of town retail supplement Sep 07
Christine Eade meets Andy Gulliford, 60, former Healey & Baker partner, who now holds several property non-executive directorships, and his son, James Gulliford, 30, an investment director at Savills specialising in retail warehouses
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Filling the void
Out of town retail supplement Sep 07
Christine Eade reports on a charitable way to give empty warehouses new life
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Introduction
Out of town retail supplement Sep 07
Investment market? What investment market? It is having a summer holiday for the first time in years.
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Optional extras
Out of town retail supplement Sep 07
In a more competitive investment market, landlords are on the lookout for ways to increase values other than by pushing up rents.
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Out of town retail supplement Sep 07
Out of town retail supplement Sep 07
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Retail perks
Out of town retail supplement Sep 07
A mix of smaller food and coffee outlets can boost a retail park’s attractiveness to customers. Christine Eade and Laura Chesters report
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Shrinking assets
Out of town retail supplement Sep 07
Retail warehouses have realised that cutting floorspace is the key to healthy sales per square foot.
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Center Parcs gets go-ahead in Bedfordshire
6 September 2007
Center Parcs, the holiday village operator owned by Blackstone, has got the go-ahead for a development in Woburn, Bedfordshire.
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Tiger submits plan for Edinburgh hotel scheme
5 September 2007
Irish developers Tiger have submitted a planning application for a £200m hotel scheme in the heart of Edinburgh.
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No charges for Portsmouth officer in corruption probe
5 September 2007
A Portsmouth City Council worker investigated for corruption related to Centros Miller’s Portsmouth retail scheme Northern Quarter has been cleared by Hampshire Constabulary and is to be invited back to work.
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Three properties damaged at Park Royal
4 September 2007
A fire that ripped through Park Royal Industrial Estate last week has gutted three properties at London’s biggest industrial estate.
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McArthurGlen appoints UK head
4 September 2007
Designer outlet developer McArthurGlen has appointed Henrik Madsen to head its UK operations.
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Go-ahead for former Scottish & Newcastle brewery site
4 September 2007
A £200m mixed-use development next to Newcastle United Football Club has been given the go-ahead by the city council.
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BRC joins BIDs group
4 September 2007
The British Retail Consortium (BRC) has joined British BIDs, the new national body for Business Improvement Districts (BIDs), to ensure retailers have more control.
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Forth Ports submits largest ever Edinburgh planning application
4 September 2007
The largest planning application in Edinburgh’s history was submitted today for a 15m sq ft mixed use scheme.
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Ely puts Athlone Town Centre resi up for sale
4 September 2007
The Ely Property Group has brought the entire residential element of a major mixed-use scheme in Athlone, Ireland to the market for sale.
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MetroCentre Partnership expands in Gateshead
24 August 2007
The MetroCentre Partnership has expanded its retail empire in Gateshead with the purchase of neighbouring retail development, Metro Retail Park, for £82.5m.
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Quorum Estates acquires 15,000 sq ft in Macclesfield.
22 August 2007
Cheshire-based developer Quorum Estates has acquired a former mill in Macclesfield for redevelopment.
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Quintain Estates gets green light at Wembley
20 August 2007
Quintain Estates has got the go ahead for a £230m10-storey mixed-use building adjoining Wembley Arena and facing Wembley Stadium.
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Pineapple debuts at Hatfield
20 August 2007
Fashion label Pineapple is set to open its first designer outlet at Land Securities’ Galleria shopping centre in Hatfield.
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Travelodge appoints eight London agents
17 August 2007
Travelodge has appointed eight agents in London to drive its expansion plans in the capital.
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Helical boss smashes Fastnet record
16 August 2007
Mike Slade’s ICAP Leopard yacht yesterday smashed the Rolex Fastnet Race monohull record
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ODA approves Olympic Park plans
15 August 2007
The Olympic Delivery Authority planning committee has recommended the approval of the planning applications for the Olympic Park.
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Castlemore gets approval for Mere Green
15 August 2007
Castlemore Securities has been given the green light from planners for its Mere Green mixed-use scheme in Birmingham.
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Hammerson plans Westmorland extension
14 August 2007
Hammerson has submitted its plans for an extension to Westmorland Retail Park in Cramlington, north of Newcastle.
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Bench opens in Northen Ireland
14 August 2007
Fashion retailer Bench has signed up for its first standalone store in Northern Ireland.
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New owners for furniture retailer Ilva
13 August 2007
Furniture chain Ilva has been bought by Icelandic company Rumfatalagerinn.
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Anglo Irish and Alanis team up to buy Metquarter
13 August 2007
Anglo Irish Bank Private Banking and Alanis Capital have bought Liverpool’s Metquarter shopping centre.
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RREEF buys Christchurch centre for £20.5m
13 August 2007
Deutsche Bank 's property arm RREEF has bought the Saxon shopping centre in Christchurch from London & Associated Properties for £20.5m.
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Tandem Centre signs major food outlets
13 August 2007
Frankie and Benny’s, Nandos and Starbucks are the first food outlets to take space at the Tandem Centre in South West London.
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Bellway chosen for £100m Ilford scheme
13 August 2007
Bellway Homes has been selected as developer for a £100m scheme in Ilford.
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Margate developer shortlist announced
10 August 2007
Kent and Thanet councils have drawn up a shortlist of four developers for the regeneration of the seaside town of Margate.
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Dobbies recommends Tesco to shareholders
10 August 2007
Garden centre chain Dobbies today recommended shareholders to accept Tesco’s takeover bid.
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Westfield goes shopping in Florida
10 August 2007
Westfield has bought two shopping centres in Miami, Florida, for $400m (£197m) and has agreed to reduce its exposure to four shopping centres in St Louis, Missouri, for around $1bn (£490m)
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Inner Circle to develop Haringey Council site
8 August 2007
Inner Circle has been appointed as the preferred developer for Haringey Council's Hornsey Depot site.
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Blow for Tesco at Sunderland Vaux Brewery site
8 August 2007
Tesco has been dealt a blow in the ongoing planning row over the former Vaux Brewery site in Sunderland.
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Plans submitted for Watford Health Campus
8 August 2007
The £1bn redevelopment of Watford Health Campus is a step nearer after plans were submitted to the local council yesterday.
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Multi Development appoints commercial director
7 August 2007
Multi Development has appointed Michael O’Hagan as commercial director.
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Westfield's masterplan for Stratford town centre approved
7 August 2007
The Olympic Delivery Authority and the London Borough of Newham have approved the masterplan for Westfield’s town centre district of Stratford City.
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St. Austell town centre redevelopment gets the go ahead
6 August 2007
The £75m regeneration of St. Austell town centre has been given the green light after the South West of England Regional Development Agency (SWERDA) and David McLean Developments signed an unconditional agreement.
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Set back for £90m Walsall scheme
6 August 2007
St Modwen and Goold Estates’ plans for the £90m St Matthew’s Quarter scheme in Walsall have been set back owing to a fire destroying the centrepiece of the scheme.
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Flannels takes to Liverpool One
1 August 2007
Fashion retailer Flannels has signed for a second store at Grosvenor’s £950m Liverpool One scheme.
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UBS Triton appoints Savills for Birmingham centre
1 August 2007
UBS Triton Property fund has appointed Savills to manage The Pavilions Shopping Centre on High Street, Birmingham.
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Louis Vuitton goes to Westfield London
1 August 2007
Louis Vuitton has signed up to take space at Westfield and CGI’s £1.5bn Westfield London retail scheme in Shepherd’s Bush.
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Wilson Bowden Developments makes a splash in Leamington Spa
1 August 2007
Wilson Bowden Developments has been selected as the preferred developer for the Chandos Street development in Leamington Spa Town Centre.
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Morgan Stanley ventures into budget hotels
31 July 2007
Morgan Stanley Real Estate has made its first inroads into the European budget hotel sector with the purchase of a 35% stake in German company Motel One Management.
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Irish investor buys £65m Lanarkshire centre
31 July 2007
A Northern Irish investor has bought the Regent Centre shopping centre in Hamilton, Lanarkshire.
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Brasserie Blanc to go to Gunwharf Quays
30 July 2007
Raymond Blanc’s Brasserie Blanc restaurant chain has signed up to take space at Land Securities £200m Gunwharf Quays scheme in Portsmouth.
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Welbeck bags £1bn Rochester contract
30 July 2007
Welbeck Land has been named as the preferred developer for part of a £1bn regeneration project in Rochester.
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ReBlackpool unveils People's Playground
30 July 2007
ReBlackpool, the urban regeneration company behind the redevelopment of Blackpool, has unveiled its latest proposals for the People’s Playground at a new public exhibition.
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Six listed for £90m Tunbridge Wells revamp
27 July 2007
Tunbridge Wells Borough Council has revealed a shortlist of six developers for its £90m regeneration portfolio.
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Westfield withdraws plans for Sprucefield
26 July 2007
Westfield and Snoddon’s Construction, joint owners of Sprucefield in Northen Ireland, have withdrawn plans for a controversial second phase of its scheme.
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Liverpool FC new stadium plans revealed
26 July 2007
Liverpool Football Club has submitted a revised planning application today for its new 60,000 seater stadium.
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Liberty sees 16% growth in pre tax profits
26 July 2007
Liberty International announced a slowdown in capital growth but an increase in profits today.
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Land Securities sells £253m Canterbury retail
26 July 2007
Henderson Global Investors has teamed up with Canada Pension Plan Investment Board to form a joint venture to buy Land Securities retail interests in Canterbury city centre.
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Lend Lease bags Elephant & Castle regeneration
24 July 2007
Lend Lease has won the battle to regenerate London's rundown Elephant & Castle in one of the largest regeneration schemes in Europe.
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Brighton and Hove Albion wins stadium battle
24 July 2007
Brighton and Hove Albion FC has been given planning permission to build a 22,000 seater stadium in Falmer after a 10 year battle for a permanent home for the League One side.
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Derby lands £1.3m footbridge
24 July 2007
Plans have been unveiled for a new £1.3m footbridge in Derby City Centre.
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Crown Estate buys hotel in Windsor
23 July 2007
The Crown Estate has bought Ye Harte & Garte Hotel in Windsor for £26m.
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Second helpings
20 July 2007
A trio of rookie restaurateurs have opened a second Canteen on the South Bank.
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A sporting chance
20 July 2007
Rugby chief David Tye is leading the search for British Olympians.
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Epsom grandstand
20 July 2007
Work is under way on the demolition of the 80-year-old Epsom grandstand as part of the £27.6m redevelopment of Epsom Downs Racecourse. Work is due to begin in October to construct a 10,333 sq ft replacement, which will also be leased out for conferences and exhibitions. The stand is scheduled to be ready for the 2009 Derby.
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Learning from Las Vegas
Global June 07
The US’s biggest party town is also a test bed for retail concepts that may soon be in a centre near you.
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Leisure
20 July 2007
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Leisure trove
20 July 2007
Advisers like Montagu Evans are cashing in on the sector’s potential.
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Matinee idols
20 July 2007
The Hampstead Everyman cinema is shrugging off the arthouse label by becoming a branded chain.
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Reit crystallises plans for Brum snowdome
20 July 2007
Architect appointed as demolition of 390,000 sq ft Xscape is completed
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Sun sets on £4m Surrey nightclub for Sunrise home
20 July 2007
Pantiles Night Club, the haunt of Sandhurst cadets, has been sold to Sunrise Senior Living for the development of a nursing home because Pantiles can no longer withstand competition from extended pub licensing hours.
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The inn crowd
20 July 2007
Franchising holds the key to the big hotel chains’ building plans.
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Tsar city
Global June 07
Claer Barrett finds out how St Petersburg, Europe’s fourth-biggest city, became a target for speculative office and hotel development
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REO appoints technical team for Battersea development
18 July 2007
Real Estate Opportunities, the owner of Battersea Power station in London, has appointed a technical team to work with architect Rafael Viñoly on the masterplanning of the development of the power station.
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Modus picked for Blackpool regeneration
18 July 2007
Modus has been selected as preferred developer for the next phase of regeneration in Blackpool.
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Peel plans Liverpool airport hotel
17 July 2007
Peel Holdings has submitted a planning application for a hotel near Liverpool’s John Lennon Airport.
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ROM Capital buys countrywide retail portfolio
17 July 2007
ROM Capital, a joint venture between property entrepreneurs Robert Whitton and Daren Buney, has bought retail specialist Willolake Properties for £15m.
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Hammerson sells 50% stake in WestQuay
17 July 2007
Hammerson has confirmed the sale of a 50% stake in its Southampton shopping centre to GIC.
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Planning application submitted for Wirral leisure scheme
16 July 2007
Neptune Developments has submitted an outline planning application to Wirral Council today for the second phase of its New Brighton scheme in Wirral.
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Sunderland arc submits £130m plans
12 July 2007
Sunderland arc has submitted plans for the first stage of a £130m regeneration project in the city.
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£100m mixed use scheme to be created at Birmingham's Five Ways
12 July 2007
Birmingham Properties Group is to create a £100m mixed use scheme on Five Ways in the Birmingham city centre.
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M&S cleans up at Retail and Leisure Awards
10 July 2007
Marks & Spencer stole the show at last night's Retail and Leisure Awards Property Awards, winning three prizes in front of almost 1,000 guests.
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DTZ confirms Donaldsons buy
10 July 2007
DTZ has confirmed that it has bought retail specialist Donaldsons for £39.8m and a deferred consideration of up to £8.8m.
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ReBlackpool submits application for seafront development
9 July 2007
ReBlackpool has today submitted a planning application for its urban park along the seafront in the town.
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Kwik save goes into administration
9 July 2007
Supermarket chain Kwik Save went into administration on Friday, with the loss of 1,100 jobs and the closure of 90 Stores.
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Roadside
6 July 2007
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More lettings for Midsummer Place
5 July 2007
Puma and Apple are the latest retailers to take space at Legal & General’s Midsummer Place in Milton Keynes.
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Hercules submits redevelopment plans for Fort Kinnaird
5 July 2007
Detailed plans have been submitted for the redevelopment of the 550,000 sq ft Fort Kinnaird retail park near Edinburgh.
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LandSecs to allow Piccadilly ads
5 July 2007
Land Securities is to allow brands to advertise on a short term basis at its famous Piccadilly Lights site in London for the first time in almost 100 years.
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Derby gets a new footbridge
3 July 2007
Plans were today unveiled for a new footbridge over the River Derwent in Derby city centre.
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MWB appoints Bank of America to sell hotels
2 July 2007
Marylebone Warwick Balfour Group has appointed Bank of America to sell its £500m Malmaison and Hotel du Vin property assets following the failure of its Vector Hospitality float.
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Westfield launches shopping centre fund
2 July 2007
The Australian developer has confirmed the launch of its UK shopping centre fund.
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CapCo takes half of Earl's Court
2 July 2007
Liberty International’s Capital & Counties has entered into a joint venture with Earl’s Court & Olympia in a £380m deal.
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A sellers’ market
Future retail June 07
Large retailers are wringing financial deals from their landlords to stay ahead. Christine Eade reports
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Centres’ stage
Future retail June 07
Two innovative shopping centres are opening in October that are out of the ordinary.
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Family values
Future retail June 07
Christine Eade meets John Wills, 73, former head of West End of London offices and shops at Healey & Baker, and his son, Mark Wills-Williams, 48, head of retail agency at DTZ
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Future retail June 07
Future retail June 07
Future retail June 07
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Midlands Supplement
Future retail June 07
Every November information provider Experian used to host a lunch at London’s Dorchester hotel to launch a list of the best UK towns for shopping.
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The shape of things to come
Future retail June 07
This week the BCSC published the last in a groundbreaking series on the future of retail property.
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Dublin's retail market still strong
26 June 2007
The retail market in Ireland's capital remains robust with high footfall figures on its prime retail streets, said CB Richard Ellis in its latest retail report released today.
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50,000 realtors under one roof
Global June 07
Sean McAllister joined British delegates at the world’s biggest retail property gathering to hear about the state of the US market
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Clarity begins at home
Global June 07
Pádraig Brown, global capital markets strategy and research director at Jones Lang LaSalle, explains how transparency minimises the risks in cross-border real estate investment
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Dawnay’s day
Global June 07
Guy Naggar and Peter Klimt have transformed their UK property company into a £5bn global concern. Claer Barrett met them for their first-ever joint interview. Photographs by Julian Anderson
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Global Cities
Global June 07
Property and art collide this month in an exhibition at London’s Tate Modern gallery that opened on Wednesday.
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Global June 07
Global June 07
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Hands across the water
Global June 07
David Peck, 42, managing director of Buccleuch Property, Edinburgh, and Will Hean, 40, development director of Kenmore, Dubai
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Property Risk
Global June 07
A game of strategy, daring and cross-border investment. Deirdre Hipwell explains the ups and downs of buying abroad.
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The global picture 22.06.07
Global June 07
News from across the world’s capital markets
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Revised plans for Croydon Gateway
21 June 2007
Arrowcroft has revealed new plans for its £600m Croydon Gateway development.
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Jessops reveals losses and shop closures
21 June 2007
Jessops, the camera retailer, is to close 81 shops.
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Former Lok'n Store directors launch online retailing business
21 June 2007
Two former directors of the listed Lok’nStore group have launched an online retail auction site where retailers can sell surplus stock.
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Ally Pally faces legal challenge
21 June 2007
The redevelopment of Alexandra Palace faces a fresh challenge after law firm Harrison Grant agreed to act for objectors seeking a judicial review of a decision by the Charity Commission paving the way for the redevelopment.
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New stadium for Nottingham Forest
20 June 2007
Wilson Bowden and Nottingham Forest FC are in talks to develop a new football stadium as part of a major mixed use scheme.
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MWB to sell hotels
20 June 2007
Marylebone Warwick Balfour Group plans to sell its £495m hotel assets in the open market.
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Balfour-Lynn attacked by MWB shareholder
19 June 2007
Marylebone Warwick Balfour’s biggest shareholder today has launched a withering attack on chief executive Richard Balfour-Lynn in connection with his role as architect of Vector Hospitality, the hotel company which pulled its flotation two weeks ago.
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Grosvenor's retail director quits
18 June 2007
John Bullough, Grosvenor’s retail director, is leaving to join Abu Dhabi’s Aldar Properties.
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Harlow Town Centre developers shortlisted
18 June 2007
Four developers have been shortlisted to carry out the redevelopment of Harlow town centre’s Market Square Quarter.
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Qatari royal family increases stake in Sainsbury's
15 June 2007
Delta Two, the investment vehicle of the Qatari royal family, has increased its stake in Sainsbury’s to more than 25%, it was revealed this morning.
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Oracle reveals £305m Canary Quarter plans
13 June 2007
Oracle Group has revealed plans for its £305m Canary Quarter scheme on the former Indescon Court site at Millharbour in London’s Docklands
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Belfast's Victoria Square bags Cruise and Hugo Boss
13 June 2007
Multi Development has secured retailers Cruise and Hugo Boss as the latest tenants at its £320m Victoria Square development in Belfast city centre.
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Signature stamps mark on German retail
12 June 2007
Signature Capital has bought the Galleria Kaufhof department store in Berlin for €61.3m (£42m)
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Sweet end to sour tale of Oriental City
12 June 2007
Development Securities has agreed a compensation settlement thought to be worth more than £2m with the traders of Oriental City, the Far Eastern shopping mall in Colindale, north-west London
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Operators lose battle against government casinos
11 June 2007
Casino operators today lost their High Court battle to halt the 17 government-proposed casinos around the country
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Halfords reveals plans for two new formats
7 June 2007
Halfords Group, the car and cycling products retailer, has unveiled plans to roll out two new formats that it has trialled.
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Balfour-Lynn Hotel REIT scrapped
7 June 2007
The proposed flotation of UK's first hotel real estate investment trust, Vector, was postponed yesterday due to weak investor demand.
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Peel plans Manchester racecourse
7 June 2007
Peel Holdings has revealed its latest plans to bring horseracing back to Manchester.
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DevSecs submits Hammersmith scheme
6 June 2007
Development Securities has submitted a planning application for a major mixed-use scheme at Hammersmith Grove in west London.
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Whole Foods Market Makes UK debut
6 June 2007
US organic food retailer Whole Foods Market has made its UK debut with the opening today of a store in London's Kensington.
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Apollo confirms £442m Telford retail purchase
5 June 2007
Apollo Real Estate and Hark Group have confirmed the purchase of Telford Shopping centre for £442m.
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Heathrow goes green
1 June 2007
Heathrow airport is to get a new ‘green’ terminal in time for the London Olympics in 2012.
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Lend Lease launches search for Olympic architects
31 May 2007
The Lend Lease led consortium behind the development of the Olympic village today launched a search for architects for the proposed Athletes village for the 2012 Olympic Games.
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CTP masterminds Sheffield hotel and office scheme
30 May 2007
Sheffield Hallam’s former student union, the Nelson Mandela building, is to be redeveloped into a hotel and office scheme.
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KCC seeks partner for Margate scheme
30 May 2007
Kent County Council, in partnership with Thanet District Council, has launched a search for a development partner for a mixed use scheme in Margate.
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Alburn to buy Belfast's Odyssey Pavilion
29 May 2007
Noel Smyth’s Alburn Investments is to buy the Odyssey Pavilion near Titanic Quarter in Belfast
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Miller Argent wins planning for 988 acre welsh scheme
29 May 2007
Miller Argent has won planning permission for 988 acre regeneration project known as the Ffos-y-fran Land Reclamation Scheme in Wales.
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Marston's rules out REIT move
25 May 2007
Marston's, the pub group, today ruled over converting its property to a REIT.
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Morrison rules out property sell-off
24 May 2007
Morrison, the supermarket group, today followed rival Sainsbury’s in ruling out a sell-off of its property portfolio
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Ballymore gets green light for Arrowhead
22 May 2007
Ballymore Properties has received detailed planning permission for its £400m Arrowhead scheme close to Canary Wharf
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M&S thinks out of town in light of £965m pre tax profit
22 May 2007
Marks & Spencer is to open more out of town shops as it reports a 28.5% jump in pre tax profits.
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Debenhams gives boost to Darlington
21 May 2007
Debenhams has signed up to anchor Discovery Properties’ The Oval shopping scheme in Darlington, County Durham.
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BRC to monitor Lease Code's effectiveness
21 May 2007
The British Retail Consortium (BRC) is to launch a review of the new Lease Code to check its effectiveness
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Mitchells & Butlers in £4bn talks
21 May 2007
Pub group Mitchells & Butlers today announced that it was in talks with Robert Tchenguiz’s R20 to enter into a 50:50 property joint venture
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Southend’s improvement plans go public
18 May 2007
Renaissance Southend today publicly launched its masterplan to redevelop Southend.
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Lingerie brand to triumph in south of England
18 May 2007
Lingerie manufacturer and retailer Triumph is to open more stores in the UK with a focus on the south of England.
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Derby shopping centre fills up
18 May 2007
Westfield has announced a raft of new lettings at its Derby shopping centre to open later this year.
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Ballymore gets green light for Snow Hill phases two and three
17 May 2007
Ballymore has got the go-ahead for Birmingham’s first five star hotel as part of its Snow Hill development in the city
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Carmarthen eyesore to be redeveloped
17 May 2007
Carmarthenshire County Council has formed a joint venture to transform a former cheese packing plant into an office, leisure and retail scheme.
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Multiplex buys Newcastle's Commercial Union House
16 May 2007
Multiplex has taken a giant step towards developing a large shopping centre in Newcastle with the purchase of Commercial Union House on Pilgrim Street
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Boultbee wins €1bn Swedish portfolio
9 May 2007
The UK’s Boultbee Asset Management has won the hotly contested race to buy a €1bn (£680m) retail portfolio in Sweden.
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St Modwen to be chosen for 1,000 acre development in south Wales
3 May 2007
St Modwen is poised to be named as the developer of a 1,000 acre (405 ha) mixed-use development site in south Wales.
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Grosvenor bags Woolworths in Crawley
2 May 2007
Grosvenor has bought a Woolworths store in Crawley for its planned redevelopment of the town centre
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Game buys high street rival
2 May 2007
Game, the listed computer game retailer, has bought Games Station from Blockbuster for £74m.
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Landlords triumph against PowerHouse in High Court
1 May 2007
In a decision worth billions of pounds to the property industry, landlords today won their High Court case against electrical retailer PowerHouse
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Punch plays down £7bn REIT move
1 May 2007
Punch Taverns, the UK’s largest pub landlord, today dampened hopes that it might convert its £7bn property portfolio to a REIT
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Liberty chief exec to leave
26 April 2007
Liberty, the Regent Street department store controlled by Marylebone Warwick Balfour, has lost its chief executive.
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Hilton sells €566m European portfolio
26 April 2007
Hilton Hotels Corporation has sold a portfolio of 10 European hotels to a fund managed by Morgan Stanley Real Estate Funds (MSREF) for €566m (£386m).
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Cushman bags Midlands retail company
26 April 2007
Cushman & Wakefield has made its first step to create a Midlands office with the purchase of a small retail company.
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Sellar's £600m Pompey spectacular
25 April 2007
Portsmouth Football Club and Sellar Property Group have today unveiled plans for the £600m Waterfront Quarter in Portsmouth.
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First UK hotel REIT announced
25 April 2007
The first hotel REIT in the UK is to list today with a portfolio of £2.6bn.
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Argent and King’s Cross objectors reach compromise
24 April 2007
The High Court hearing scheduled today between objectors of the King’s Cross development and Argent has been cancelled
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Whitbread weighs up David Lloyd bids
24 April 2007
Whitbread confirmed today it was weighing up bids for its David Lloyd chain as it announced its results for the year.
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Smithfield regeneration gets planning permission
23 April 2007
Thornfield Properties has been given a resolution to grant planning permission for its regeneration of the disused West side of Smithfield market.
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L&G buys Worcester retail park for £34.25m
23 April 2007
The Junction has sold its Blackpole retail park in Worcester to Legal & General Investment Management for £34.25m.
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Great Portland gets OK for 100 Bishopsgate
23 April 2007
Great Portland Estates has received resolution to grant planning permission from the City of London for its proposed development at 100 Bishopsgate, EC3.
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Grosvenor bags Belfast retail chief
20 April 2007
Grosvenor has poached Belfast city centre retail chief Joanne Jennings to lead its £950m Liverpool One retail-led regeneration scheme.
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Tesco faces Competition Commission
20 April 2007
The Office of Fair Trading (OFT) has referred Tesco’s purchase of a former Co-op store in Slough to the Competition Commission.
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Birmingham’s Mailbox and Cube on block for £300m
19 April 2007
Chatham and Billingham’s outfit to sell 1.5m sq ft mixed-use scheme
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New plans to double Glasgow centre
18 April 2007
Henderson Global Investors and Land Securities have submitted an outline planning application to the Glasgow’s city planning department for their Buchanan Galleries extension.
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Final piece slots into Liverpool One jigsaw
18 April 2007
Grosvenor has completed the land assembly for its Liverpool One retail-led redevelopment in a £40m deal.
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Ken: central London convention centre 'not a runner'
17 April 2007
Mayor Ken Livingstone has scrapped his plans for a central London convention centre blaming the government’s u-turn on bed tax.
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Tesco to expand £5bn sale and leaseback
17 April 2007
Tesco is to increase the amount it will include in future joint venture and funds due to the book value of its property increasing by 65%.
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Oak bolsters Yorks Yes! scheme with land buy
17 April 2007
Oak Holdings, the AIM-listed development and consultancy group, has bought a 27 acre (11 ha) site adjoining its £350m leisure, entertainment and convention project in South Yorkshire.
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PPG on Leeds spree
17 April 2007
PPG Land has purchased an office and retail building in Leeds city centre from CBRE Investors for £16.4m.
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Dandara submits Glasgow mixed-use plans
16 April 2007
Developer Dandara has today submitted a detailed planning application for a £180m mixed-use scheme in Glasgow
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Ahouvi and Quinlan in £1.1bn hotel deal
16 April 2007
Israeli investor Igal Ahouvi has teamed up with Quinlan Private and Delek Real Estate to buy a £1.1bn Marriott hotel portfolio.
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PropInvest primed for Wolves retail feast
13 April 2007
Glenn Maud’s PropInvest is in talks to buy Prupim’s Mander Centre in Wolverhampton for around £150m
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Big new plans for Moss Bros
11 April 2007
Moss Bros, the menswear chain, plans to open another 80 shops across the UK and is embarking on a refurbishment programme for existing stores
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A short history of retail in ukraine
Global retail Apr 2007
In 2005 it was Turkey, in 2006 Romania could 2007 be Ukraine’s year?
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Azure to offload Texaco statio
05 April 2007
Azure Property is seeking around £5m
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Coming in from the cold
Global retail Apr 2007
Kaliningrad, the main city in Russia’s western ‘exclave’, is now competing with Poland and Lithuania for investment.
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Derby Toyota parks elsewhere
05 April 2007
Inchcape has relocated its Derby Toyota dealership to a 24,219 sq ft (2,250 sq m) premises on Orient Way with an additional 6,458 sq ft (600 sq m).
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GE and Paradigm’s Kwik Fit fix-up
05 April 2007
GE Real Estate and Paradigm Real Estate Managers have created a joint venture to buy 148 Kwik Fit centres from PAI for £103.7m.
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Gilbran buys Gillingham site
05 April 2007
Gilbran has bought a 1.48 acre (0.6 ha) site in Gillingham from Medway Council for an undisclosed sum.
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Lok’nStore brings colour to market with £50m expansion
05 April 2007
Self-storage group to open up to 15 60,000 sq ft schemes in trademark orange
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One for the roads
05 April 2007
Majestic Wine Warehouse is expanding and roadside locations are a key part of its growth strategy. Lydia Stockdale reports
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Roadside
05 April 2007
LoknStore brings colour to market with 50m expansion GE and Paradigms Kwik Fit fix-up The InnOut crowd One for the roads
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The In‘n’Out crowd
05 April 2007
Car servicing newcomer In‘n’Out believes the ‘female factor’ will help it to dominate the roadside MOT market.
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Propinvest grabs The Gate for £76.5m
4 April 2007
Land Securities has sold leisure scheme The Gate in Newcastle to Glenn Maud's PropInvest for £76.5m
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Kelly backs Sunderland Arc plans
2 April 2007
Tesco is weighing up its options following communities minister Ruth Kelly’s decision to back rival plans for the use of a 16-acre site at the former Vaux Brewery in Sunderland.
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Newcastle United unveils £300m plans
2 April 2007
Newcastle United FC today unveiled plans a for £300m hotel and conference centre development around its St James’ Park ground.
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Bulgaria levs it up
Global retail Apr 2007
More than 50 shopping centres are planned for Bulgaria’s three largest cities. Lydia Stockdale reports
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Canny Dalgleish
Global retail Apr 2007
European agency star Malcolm Dalgleish plans to grow CB Richard Ellis’s European retail profile.
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Global retail Apr 2007
Global retail Apr 2007
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New York Calling
Global retail Apr 2007
Nokia’s recently-opened store on New York’s Fifth Avenue picked up a prestigious design award last month.
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Taking stockholm
Global retail Apr 2007
The Swedish government is selling ¤1bn of shopping centres.
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The American’s Dream
Global retail Apr 2007
American Scott Malkin brought factory outlets to Europe. Now he wants to grow across the continent.
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World in action
Global retail Apr 2007
Conditions may look grim in UK and US retail, but Europe and the rest of the world have much to offer.
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Green light for £200m redevelopment of Middlehaven
30 March 2007
Middlesbrough Council has given the green light for BioRegional Quintain’s £200m redevelopment of Middlehaven.
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ING £50m Edinburgh scheme approved
30 March 2007
ING received full planning permission from the City of Edinburgh Council yesterday for its £50m St Andrew Square mixed-use development in the city centre.
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Supercasino plans unravel after Lords defeat
29 March 2007
Plans to develop 17 US-style casinos across the UK are in disarray after the House of Lords voted against proposals last night.
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Amec to develop Doncaster's Waterdale
27 March 2007
Amec Developments has been selected by Doncaster Metropolital Borough Council as preferred developer for the town's Waterdale development
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Croydon Council to team up with private sector partner
27 March 2007
Croydon Council is to search for a private sector partner to develop a number of key town centre schemes.
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Work begins in Belfast's Cathedral Quarter
27 March 2007
Work has finally begun on a large mixed-use scheme in a conservation area in Belfast’s Cathedral Quarter following two years of planning delays.
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Crown Estate buys £26m Windsor hotel
23 March 2007
The Crown Estate has bought the Ye Harte & Garter Hotel Windsor for £26m from a joint venture company controlled by Emma & Lewis Davis’s Central Investment Properties.
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CapCo sows £127.5m into Covent Garden
22 March 2007
Capital & Counties, which bought London’s Covent Garden market in August, has bought the shops underneath the famous opera house for £127.5m
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PowerHouse High Court case begins
21 March 2007
A court case that could see billions wiped from the value of commercial property began in the High Court today.
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Leeds gets green light for massive new retail scheme
21 March 2007
Leeds got the go ahead last night for one of the biggest retail schemes in the city.
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Tesco to generate £570m from sale and leaseback
21 March 2007
Tesco has teamed up with its long standing property partner British Land in a new £650m sale and leaseback joint venture.
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Prince to open climate change roadshow
20 March 2007
The Prince of Wales is to open a climate change exhibition in Woking this Friday that will be rolled out across the UK’s shopping centres.
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John Lewis signs up for Crawley scheme
20 March 2007
John Lewis has signed up to anchor a retail scheme in Crawley.
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Permira's Principal Hotels buys more rooms in Cardiff
19 March 2007
Permira-owned Principal Hotels has bought St David’s hotel and spa in Cardiff for £32.5m from Rocco Forte Hotels
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LandSecs appoints new head of retail
19 March 2007
Nick Peel has been promoted to head of retail operations for Land Securities.
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Carlyle makes £155m swoop for Freeport.
19 March 2007
The private equity group backed by Bank of America today has made a shock £155m swoop to buy Freeport, it emerged this morning.
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MIPIM 2007: London business leaders say convention centre should be outside West End
13 March 2007
London’s business leaders have questioned whether a new convention centre should be built in the West End, the chief executive of a leading lobby group said at MIPIM today.
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Excess baggage
2 March 2007
Hotels want to join the REIT rush and release capital from their property. But Revenue and Customs will not be making it easy.
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Sleeping partners
2 March 2007
Investors can buy individual hotel rooms.
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Staybridge Suites takes up UK residence
2 March 2007
Intercontinental’s US apart-hotel brand lands seven contracts
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A bubbly personality
Retail and Leisure Supplement 2006
Claer Barrett harvests grapes with Alternative Hotel Group chairman Richard Balfour-Lynn
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Borders crossing
Retail and Leisure Supplement 2006
Christine Eade reports from the opening of Ireland’s first Borders bookstore
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Dont believe the hype
Retail and Leisure Supplement 2006
Figures suggest imminent oversupply in shopping centre floorspace. Yvonne Court of Cushman & Wakefield finds the real story, while retail developers make their predictions to Mike Phillips
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Eade on: how sops make Plymouth rock
Retail and Leisure Supplement 2006
Christine Eade witnesses the first day’s trading at the Drake Circus shopping centre
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Extreme measures
Retail and Leisure Supplement 2006
One man is on a mission to bring kayaking and rock climbing into shopping centres. Anna Goldie meets TV’s Duncan McCallum
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Fitness centres slim down
Retail and Leisure Supplement 2006
Consolidation is rife among gym chains. Christine Eade finds out what this means for the leisure property marketIt may sound bright and perky to say: ‘I’m off to the gym,’ but the phrase is conjuring up fewer and fewer choices.
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Retail and Leisure Supplement 2006
Retail and Leisure Supplement 2006
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Stores in the making
Retail and Leisure Supplement 2006
Retail developers tell Mike Phillips how they see the next few years
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The five-year plan
Retail and Leisure Supplement 2006
Laura Chesters speaks to Topland chief Sol Zakay about a ground-breaking deal that seemed mad post-9/11.
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Wheres good for dinner?
Retail and Leisure Supplement 2006
Des Gunewardena is the new man in charge at Sir Terence Conran’s chain.
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A new departure
08 September 2006
Henry Boot has overcome the restrictive rules of motorway service station development with its airport lounge-style Stop 24 scheme in Kent.
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RAC Auto Windscreens
08 September 2006
RAC Auto Windscreens has taken 8,610 sq ft (800 sq m) at West Quay Trade Park in Southampton from JWT Estates at more than £10/sq ft (£107.64/sq m) on a 15-year lease. Vail Williams acted for JWT Estates.
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Swayfields to build UK’s largest services
08 September 2006
Developer to construct four services areas for more than £100m
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The market in minutes
08 September 2006
Adam Benzine gives you the lowdown on all the sectors across the region
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A Spanish acquisition
Out of town retail supplement
Dyed-in-the-wool retail park developer Citygrove is branching into new sectors and countries. Laura Chesters reports from Madrid
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A whole new bowl game
21 July 2006
The success of All Star Lanes in Bloomsbury is driving the boutique bowling outfit to open two new London sites.
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Age of no consent
Out of town retail supplement
Furniture chain Klaussner is the latest retail warehouse tenant to be punished in a local authority crackdown on planning consent violations. Christine Eade reports
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Blood on the dancefloor
21 July 2006
Laws allowing late-night drinking in pubs and bars are hitting nightclubs.
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Out of town in town
Out of town retail supplement
Retail parks and shopping centres are morphing.
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Out of town retail supplement
Out of town retail supplement
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Park avenues
Out of town retail supplement
Trevor Wood Associates and Savills reveal the latest information on where the retail park development pipeline is headed Last month was the 10th anniversary of Planning Policy Guidance 6, which forced retail developers to prove there were no suitable town or city centre sites for new shops, before embarking on edge-of-town or out-of-town schemes.
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Polished Ilva
Out of town retail supplement
Danish retailer Ilva is planning to open in Thurrock, Manchester and Gateshead. Christine Eade reports
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Rank agrees £172m sale and leaseback
21 July 2006
Pears and Khalastchi splash out for bingo halls
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Recovery play
Out of town retail supplement
Supermarkets will drive recovery in the out-of-town retail sector, according to research group Verdict.
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Shop, look and listen
Out of town retail supplement
Research commissioned by Streetbroadcast shows what shoppers are up to.
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Shower power
Out of town retail supplement
The trend for TV-inspired home makeovers has spread to bathrooms, encouraging specialist retailer Bathstore.com to open 100 new stores in UK out-of-town locations.
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Top of the shops
Out of town retail supplement
British Land stormed the out-of-town element of the 2006 Retail and Leisure Property Awards after paying £811m to buy sector market leader Pillar in July 2005. Judged on the year to May 2006, the FTSE 100 group won three of the six awards in front of almost 1,000 guests at London’s Grosvenor House Hotel, at an event organised by Property Week in association with Accessible Retail
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Urban Golf drives London expansion forward
21 July 2006
Urban Golf, the indoor golfing concept, will open its second London club next month.
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Watch this space
21 July 2006
Cinema operators are overhauling wasted foyer space in an attempt to seduce audiences with better food and leisure facilities. Anna Goldie reports
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Well drink to that
21 July 2006
Confidence in the pubs market is high as more property investors enter the sector.
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What’s new
Out of town retail supplement
The characterless uniformity of out-of-town shopping is being challenged by new concepts from retailers.
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Continental shelves
Future retail supplement 2006
Who's going to be new in UK retail?
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Cutting corners
Future retail supplement 2006
Norwegian hairdresser Nikita is among the new occupiers looking to storm the UK. Christine Eade reports. Main photograph by James Winspear
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Future retail supplement 2006
Future retail supplement 2006
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In is the new out
Future retail supplement 2006
Planning expert Michael Bach predicts that the swing to town centre retail begun by PPG6 in 1996 will dominate the next 10 years too. Sean McAllister reports
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Local talent
Future retail supplement 2006
How can small towns cope in a rapidly changing retail world?
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Of mice and malls
Future retail supplement 2006
Sean McAllister kicks off an exclusive preview of BCSC's wide-ranging Future of Retail Property research programme with an analysis of its findings about the internet.
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On the faktura floor
Future retail supplement 2006
Central Europe promises to be a huge new retail hub. Doug Morrison reports from Poland
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Young at heart
Future retail supplement 2006
Retailers need to meet the demands of an ageing population, according to BCSC research. Sean McAllister reports. Illustration by Neil Shrubb
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Automotive property investment to hit £600m
24 March 2006
Transactions rise from £20m in 2000 and £500m in 2005, says GVA Grimley
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Bold storage
24 March 2006
Self-storage companies are seeking roadside sites as they pursue rapid expansion.
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Counter argument
24 March 2006
Trade counters will remain a grey area until they are allotted a use classification.
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Kitewood Commercial
24 March 2006
Kitewood Commercial has secured planning permission for the 5 acre (2.1 ha) Banbury Motor Park, next to junction 11 of the M40 and Hennef Way. The 57,000 sq ft (5,300 sq m) scheme comprises four units of 9,300-20,100 sq ft (863-1,865 sq m) and parking for 341 cars.
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Pendragon's den
24 March 2006
After buying out car dealership group Reg Vardy, Pendragon plans to streamline its portfolio.
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Arora's new dawn
03 March 2006
Hotelier Surinder Arora amassed a property fortune from scratch and has beaten multinationals to develop the only hotel at Heathrow's Terminal 5.
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Get to beds
03 March 2006
As the London and Birmingham Hiltons, England's biggest hotels, come on the market, Christine Eade looks at how the momentum for investment in the sector is growing
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Irish pub values soar after smoking ban
03 March 2006
Fall in takings fails to deter investors in licensed property in Dublin
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Pump action
03 March 2006
Punch Tavern managers are facing a turbulent future.
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TV actor renovates derelict Camden pub
03 March 2006
The Crown Estate sold the freehold of the York and Albany public house on the edge of Regent's Park in London to television actor Gary Love for £2m, well above the £1.5m asking price.
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Agents feel retail pinch
Retail and Leisure
Tough times on the high street are reflected in surveyors’ salaries and a shortage of experienced staff.
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Bartlett hits the road
28 October 2005
Alfred Bartlett has broken away from Donaldsons, and some roadside clients have followed. Anna Goldie reports
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Belfast scheme extension
Retail and Leisure
Northern Ireland developer Jermon Developments has received planning permission for a second 35,800 sq ft (3,326 sq m) extension to the Gallery shopping arcade (pictured), currently trading as Donegall Arcade, in Belfast city centre.
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Casting aspersions
Retail and Leisure
Stelios Haji-Ioannou wants to expand his EasyCinema concept, but some experts are questioning whether it will work.
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Cheltenham taps Brewery
Retail and Leisure
Cheltenham’s credentials as a lifestyle destination are set to be boosted by the new £20m Brewery development (pictured).
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Christmas clear-out
Retail and Leisure
Christmas 2005 will be a critical trading period on the high street that may clear out some underperforming retailers.
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Demographic detail
Retail and Leisure
Waitrose has opened a series of stores in northern England. Sean McAllister asks if it has done its research. Illustration by Scott Garrett
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Discriminating behaviour
Retail and Leisure
Department store Debenhams could be about to find out that disability discrimination legislation has teeth. Sean McAllister reports
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Dublin tops Irish rankings
Retail and Leisure
Dublin’s wealth and MIX of retailers make it the leading retail centre in Ireland, according to the Retail Footprint Ireland rankings, launched this week by market analyst CACI.
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From white sands to White City
Retail and Leisure
Australian developer Westfield is using its Bondi Junction shopping centre in Sydney as a template for its new designs at White City. Christine Eade reports
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Got the urge...
Retail and Leisure
Christine Eade talks to Burger King’s senior vice-president Gary John about the fast-food chain’s plans to remodel its outlets. Photograph by Joelle Depont
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Henry Boot Developments
28 October 2005
Henry Boot Developments has received planning consent for a 50,000 sq ft (4,645 sq m) motorway service station and 61-bed hotel at junction 11 of the M20 in Kent. Travelodge has been chosen as the hotel operator. Construction is expected to start at the end of the year.
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New Bond Street is still UK’s prime location
Retail and Leisure
New Bond Street (pictured) has cemented its position as the UK’s most expensive retail location, according to the latest Main Streets Across the World 2005 research from Cushman & Wakefield Healey & Baker.
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Pearl Assurance sells Glasgow cinema for £21m
Retail and Leisure
Pearl Assurance has sold its Cine UK/UGC multiplex cinema in Renfrew Street, Glasgow (pictured), to a private Northern Irish investor for £20.65m, reflecting a net initial yield of 6.25%.
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Retail and Leisure
Retail and Leisure
-
Still in fashion
Retail and Leisure
Lunson Mitchenall has grown from representing 1980s high street shops to huge retail schemes today.
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Tip from the top
Retail and Leisure
Toby Comerford, Savills
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Uneasy street
Retail and Leisure
As Britain’s shoppers stay at home and retailers start to feel the pinch, Sean McAllister asks if the retail investment market can maintain its buoyancy
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In ‘n’ Out service centre revs up search for 300 sites
28 October 2005
Talks under way at first four properties for drive-through car servicing centres
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Street-smart services
28 October 2005
The arrival of high street brands may spell the end of mundane motorway service stations. Anna Goldie reports
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Wheeling and dealing
28 October 2005
Recent legislation means that car showrooms are fuelling an alternative investment market.
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‘El Tel’ plans Spanish return with luxury leisure resort
30 September 2005
Terry Venables to develop 450 acre sports-oriented scheme near AlicanteBy Jonathan brasse Former Barcelona and England football manager Terry Venables is set to embark on the construction of a 450 acre (185 ha) Spanish leisure resort.
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Holiday packages
30 September 2005
A red hot investment market has created a string of exotic overseas funds.
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Island in the sun
30 September 2005
Kershaw, Kempner and King are property names usually associated with Mayfair, but now they are looking to build in the south Atlantic.
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Henry Boot Developments
12 August 2005
Henry Boot Developments will open Ayr Central in Kyle Street, Ayr, in March, anchored by an 80,000 sq ft (7,432 sq m) Debenhams. The 350,000 sq ft (32,500 sq m) scheme became 70% let this summer when Primark took a 20-year lease on 40,000 sq ft (3,700 sq m). Next and H&M were among the first to take space.
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Island shopping
12 August 2005
Arran Aromatics is based on a small island, but as Stewart McIntosh reports, it has big ambitions
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Modus unveils £130m Crewe scheme
12 August 2005
Debenhams expected to anchor shopping centre that will revitalise town
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Small the rage
12 August 2005
Scotland’s small towns and less-visited cities are enjoying a surge in demand for new retail hubs.
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What’s in a name?
12 August 2005
As House of Fraser’s takeover of Beatties edges closer to completion, Jonathan Brasse investigates what happens to well-known local names after mergers
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Bidders line up to buy Elephant stores
22 July 2005
Deadline of today for bids for defunct retailer’s portfolio
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Bulky goods spending
22 July 2005
Only 4% of shoppers who visit retail parks are there to buy electrical goods, but they spend on average £139 each.
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Children’s activity operator goes into play in south-east
22 July 2005
Wates-backed Gambado signs up at Chelsea and Guildford as part of 20-centre strategy
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Eagle eye on Derby retail
22 July 2005
Will Westfield’s first UK shopping centre development revitalise the city’s market?
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Galvin cooks up new West End restaurants
22 July 2005
Chris Galvin, the executive chef of the Wolseley restaurant in Mayfair, is to open the first of his own brand of restaurants in London’s West End.
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Grand hotels
22 July 2005
Investors are increasingly attracted by the healthy property returns on hotels.
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High street lowdown
22 July 2005
Sluggish high street sales are having an adverse effect on retail rents, but the pattern is by no means uniform.
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Live from Norwich
22 July 2005
Lend Lease and Capital Shopping Centres’ £275m Chapelfield scheme will be the only large shopping centre to open in the UK this year.
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Lobby groups join forces under Accessible Retail banner
22 July 2005
Shopping Park Investors’ Forum to merge under leadership of founder Martin Clews
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On their way to Wembley
22 July 2005
The property industry is taking a big share of corporate seating at England’s new national football stadium.
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Raising the bar
22 July 2005
A handful of property entrepreneurs is shaking up the traditional ways of the pub sector. Patrick Hamilton reports
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Retail on the ropes
22 July 2005
The retail sector has suffered at the hands of a consumer spending slowdown in the last six months, and bulky goods retailers have been hit hardest.
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TJ Hughes takes over two Big W stores
22 July 2005
TJ Hughes, the Liverpool-based discount department store, is to open its first two out-of-town outlets in October in retail warehouses once occupied by Woolworths’ failed out-of-town concept Big W.
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Tricks of the traders
22 July 2005
Developers are increasingly having to bargain their way to develop retail warehouse schemes.
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A change of sales pitch
24 March 2005
Mall managers are being encouraged to ditch the salesmen in favour of family-friendly attractions.
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Cheap and cheerful
24 March 2005
In recent years discount stores have been the unsung success story of retail. Just don’t mention the ‘D’ word.
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Department stars
24 March 2005
Shopping centres need anchors, and developers can offer them big discounts to secure their charms.
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Naked ambition
24 March 2005
Oxford Street’s Plaza has tried every kind of marketing initiative – from ‘Media Gurus’ to nude shopping evenings.
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ODPM queries Crests Camberley design
24 March 2005
Local council ‘did not act on CABE suggestions’ for Crest Nicholson scheme
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Network building
International corporate real estate supplement
By 2010, CoreNet predicts that the office will be just one of many workplaces. Claer Barrett enters the world of the ‘internal customer’.
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A change of direction
Leisure and retail supplement 2004
Thornfield is continuing to move from out-of-town projects to redeveloping town centres with a £150m scheme for Bury town centre
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Brighton marina gets the x-factor
Leisure and retail supplement 2004
X-Leisure has bought Brighton Marina from Parkridge Developments for £65m.
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Court appeal
Leisure and retail supplement 2004
One of London’s best-known exhibition venues has been bought by a trio of leisure agents
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Crest nicholson fills leisure void in camberley
Leisure and retail supplement 2004
Crest Nicholson has applied for planning permission for a £100m leisure scheme in Camberley, Surrey
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Department store is next up at arndale centre
Leisure and retail supplement 2004
The latest images of Prudential’s £150m redevelopment of Manchester’s Arndale Centre show how the Next department store will look. Main contractor Bovis Lend Lease is on schedule to hand over the store for retail fitout next month. Next is scheduled to open its largest store to date in time for Christmas 2005 and will sell clothes and homewares over four floors.
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Fitness chain to peddle crash course weight loss programmes
Leisure and retail supplement 2004
Health and fitness chain LA Fitness is to open a chain of standalone weight loss centres where slimmers can buy six-to-12-week courses.
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Leisure and retail
Leisure and retail supplement 2004
-
Leisure operators must wake up to the experience economy
Leisure and retail supplement 2004
For the past three years I’ve had the pleasure of lecturing at the London Business School on the ‘experience economy’ and benefited from the extended research that LBS, thanks to Professor Chris Voss, has undertaken into the leisure market
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Lights out
Leisure and retail supplement 2004
The leisure industry is preparing for the worst: a ban on smoking in public places. Ellen Bennett finds out what the likely effect will be on pubs and restaurants
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London’s department store copycats
Leisure and retail supplement 2004
Independent retailers are setting a new trend by mimicking London’s department stores on a smaller scale.
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Marching orders
Leisure and retail supplement 2004
Antisocial behaviour is plaguing Britain’s shopping centres but new tactics are helping managers fight back.
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Metrocentre reclaims biggest euro centre title
Leisure and retail supplement 2004
Capital Shopping Centre’s MetroCentre in Gateshead is Europe’s biggest shopping centre again after the £85m Red Mall opened last month
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Search on for spitalfields tenants
Leisure and retail supplement 2004
Hammerson and joint venture partner the Corporation of London have started the hunt for occupiers for their redevelopment of part of the former Spitalfields market.
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Strap club
Leisure and retail supplement 2004
Large-bra retailer Bravissimo has joined the growing number of businesses – which include Fat Face and Subway – that have found success in niche markets
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The cost of leasing
Leisure and retail supplement 2004
London’s Oxford Street is the world’s fourth most expensive shopping street behind Hong Kong’s Causeway Bay, the Champs Elysées in Paris and New York’s Fifth Avenue.
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A break from tradition
22 October 2004
Northern Ireland’s motorists have no motorway service stations to stop at, but a series of developments may be about to change things
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Accelerating into Europe
22 October 2004
UK car retailers are eyeing continental Europe in a bid to expand out of the mature domestic market.
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Driven to destruction?
22 October 2004
Falling profits are putting the squeeze on car retailers, but new planning guidelines could provide a way out
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Jam tomorrow?
22 October 2004
The ODPM has called in a plan for an out-of-town car dealership amid fears that such schemes will increase traffic congestion
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Customer disloyalty
9 July 2004
Londoners are a fickle crowd who are willing to travel outside their area to shop, and boroughs are fighting to hang onto local custom.
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Fosse to be reckoned with
9 July 2004
Hercules Unit Trust's decision to sell Fosse Park, the UK's most successful retail scheme of its kind, could be a sign that the market has peaked. But some observers believe record rents at the park may go higher yet.
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Making dough over here
9 July 2004
The concept of a restaurant selling only doughnuts initially flummoxed UK landlords, but now Krispy Kreme is going down a treat.
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Sofa so good
9 July 2004
Furniture Village founder Peter Harrison has underpinned the success of his brand with lucrative property strategies.
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Twelve steps to recovery
9 July 2004
Retailers and developers are being urged to lead regeneration in a dozen deprived areas the government terms 'under-served markets'. Tristan McConnell reports on how companies are responding to the call
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Chairmen of the boards
2 July 2004
Adrenalin junkies would not normally visit their local shopping centre to get their kicks, but the Extreme Group hopes to change that by bringing surfing and skateboarding to places like Lakeside and Thurrock.
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House party
2 July 2004
Big casino operators are looking to move into the bingo market, but the bingo operators are not happy.
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Moving up the food chain
2 July 2004
Restaurants have shied away from the listed sector, but two new London-based companies are planning to take good food to the masses by going public.
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Back on the road again
25 June 2004
When Robert Tchenguiz bought nine Welcome Break service stations this month, he saved the operator from financial collapse and put his faith in the long-term viability of motorway services.
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Fuel for thought
25 June 2004
Petrol stations could be the next untapped opportunity for mixed-use developers.
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The inn crowd
25 June 2004
Budget hotels, traditionally the last resort of the roadside traveller, are to expand into city centres. Robert Sharp reports on a sector that is looking beyond its Alan Partridge image
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Hail to the chef
12 December 2003
Little Chef has a revamp on its menu, which will involve splitting off its operations from its hotel partner Travelodge.
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Stepping on the gas
12 December 2003
A five-year expansion programme has made Margram the UK's largest independent operator of filling stations with convenience stores, and the pace is not about to let up.
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Retail Supplement November 2003
Retail and Leisure November 2003
Retail Supplement November 2003
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An unleisurely approach
20 June 2003
Why are institutional investors turned off by the leisure sector?
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High pressure
20 June 2003
A shortage of stock, active management and the sale of two large portfolios this year have added altitude to soaring retail rents
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Marks sparks again
20 June 2003
After three years in the wilderness, Marks & Spencer is being led back into the property arena by Chris Williams
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Screen test
20 June 2003
Cinemas are doing their best trade for three decades but trouble may be around the corner
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Motor trade: Four-wheel drive
9 May 2003
The end of the EU's block exemption on car trade has led dealers and manufacturers to review their property portfolios.
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Motorway services: Emerald miles
9 May 2003
Ireland is to get its first motorway services but can the concept catch on? And what does the future hold for the ailing UK market?
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Roadtalk
9 May 2003
Kwik-Fits sold ... car dealer's expansion ... Welcome Break welcomes wi-fi ... congestion charge earner
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Soap star
9 May 2003
At the carwash of the future you can shop or relax and watch your car undergo the latest hi-tech cleaning techniques.
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Marketing: Driving ambitions
13 December 2002
Retailers are not selling products any more, they're selling brands. We find out how car manufacturers have embraced the concept
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Retail: All change at the pumps
13 December 2002
The petrol station has evolved from a shack with pump outside to a shop that competes with the most modern supermarket.
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Leisure and Retail supplement 22 November 2002
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Corporate strategy: The point of no return
Leisure and Retail supplement 22 November 2002
Philip Green won't be getting his hands on Principles, Hawkshead and Warehouse. A management team bought them out a year ago.
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Leisure parks: Heron lands in Glasgow
Leisure and Retail supplement 22 November 2002
Gerald Ronson's Heron empire has big plans to turn Glasgow into a European entertainment hub.
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Outlook Midlands: Market awaits the Bull
Leisure and Retail supplement 22 November 2002
It's all quiet among the retail hordes as they prepare for the mighty Bullring to be unleashed among them.
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Outlook north-west: The Phoenix syndrome
Leisure and Retail supplement 22 November 2002
The devastation caused by terrorists in Manchester has blown some of the biggest names in retail into the city; now Liverpool looks forward to the Blitz.
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Outlook Scotland: New rivals for auld
Leisure and Retail supplement 22 November 2002
While Edinburgh and Glasgow thrash it out for high street kudos, big moves are afoot down by the loch.
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Outlook south-west: Mall is beautiful
Leisure and Retail supplement 22 November 2002
There are wide open spaces in the West Country, and with more being built all the time.
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Scottish retail: Along the high road
Leisure and Retail supplement 22 November 2002
The UK's most northerly shopping scheme is changing the way Highlanders shop, and is even stealing the custom from Scotland's more accessible cities.
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Shopping centres: Lakeside shakedown
Leisure and Retail supplement 22 November 2002
Lakeside ruled the waves before Bluewater opened across the Thames. Now the Essex shopping centre is staking its future on a massive overhaul project.
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The leisure forecast
Leisure and Retail supplement 22 November 2002
Merseyside is watching the football, Glasgow's drinking spots struggle for elbow room, while Birmingham and Bristol wait for clearer skies
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Fitness clubs: Fit of the jitters
Leisure and Retail supplement 22 November 2002
Despite their unpopularity in the City, health clubs insist they are valuable tenants.
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Sport: Par excellence
Leisure and Retail supplement 22 November 2002
Henderson is funding an aggressive expansion of a new driving range concept that could change golf.
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Market: Going nowhere fast
25 October 2002
The property executive arriving at Munich airport for Expo Real will find the German economy, once Europe's powerhouse, now falling far behind the rest of the EU pack.
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Survey: Forward thinking
25 October 2002
Expo Real's organisers teamed up with Chesterton to ask the property industry to predict its own future. From internet shopping to retirement at 80, here are their thoughts.
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The Real thing
25 October 2002
Expo is the sober MIPIM. With less drinking and more dealmaking it is a moneyspinner for those who go. We explain what to wear, where to eat and where to be seen at Europe's property exhibitions
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A fight to eat
16-23 August 2002
Market conditions have caused problems for several restaurant chains, but experts believe over-ambitious expansion plans and top-level staff from outside the industry haven't helped.
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Room at the top
16-23 August 2002
Hotels are having a tough time. But while guests are thin on the ground, investors are showing renewed interest.
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Petrol stations: The death of the rural petrol pump
9 August 2002
Motorists face a long journey to the nearest petrol pumps as thousands of petrol stations close. But housebuilders and car showrooms have struck oil
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Repair centres: Kwik change
9 August 2002
Ford bought Kwik-Fit for £1bn in 1999 and sold it for £350m. We ask what went wrong and what the future holds for the fast-fit sector
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Gaming: Jackpot!
2 August 2002
Exclusive research by FPDSavills assesses the short-term implications of the Budd Report on gambling
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Nightclubs: Eat, drink, dance, pull and go home
2 August 2002
The days of traditional nightclubs with star DJs and exorbitant prices may be numbered.
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Pubs: Pub sprawl
2 August 2002
Not even a profits warning and tumbling share price are denting pub operator JD Wetherspoon's expansion plans.
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Can landlords get a slice of the action?
8 June 2002
Landlords are becoming exasperated by rent disputes with supermarkets. Full car parks may be good for Sainsbury's, but landlords like British Land aren't seeing any of the money.
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Follower of fashion
8 June 2002
A troubled parent company and revoked property deals have left experts asking what the future holds for Japanese retailer Uniqlo. We report on the company's plans
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Show me the money
8 June 2002
American mall owners have shown the way forward in seeking alternative income sources. We discover that their British counterparts are slowly catching on
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Bar wars
14 December 2001
Developers are applying for batches of liquor licences for new leisure schemes, even before the tenant has signed.
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Hotel hoodoo
14 December 2001
Hotels have taken a hammering in 2001, and industry analysts are uncertain about what will happen in the sector.
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It's life, gym…
14 December 2001
Jones Lang LaSalle has been appointed to find a site for the UK's first children's gym. We report on operators' efforts to persuade British consumers who want to tighten their belts to do it on the treadmill
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Cash in land
24 August 2001
When share values fell it looked as though funds would turn away from retail warehouse investments.The returns may not be spectacular but demand is certainly still there.
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Landlords stand trial
24 August 2001
By sticking together and comparing rents, retailers are fighting back against hefty rent review rises. The test case of Dixons v Capital Shopping Centres at Lakeside (pictured) could set a precedent for the market.
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Stealing the showrooms
13 July 2001
Mercedes-Benz is in the firing line. After attempting to wrest control of its showrooms, it now finds itself facing its dealers' wrath in court. Other manufacturers are now playing follow-my-leader. We report on what's in store for property
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Street suites
13 July 2001
Hotel lobbies have long been the venue for impromptu business meetings. We report on how hotel operators and motorway services are cashing in on these nomadic businessmen
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IMAXed out?
Leisure Supplement 22 June 2001
With theatres recently closed in Dublin and London and a floundering development at Bournemouth, the viability of IMAX cinemas in development schemes is coming into question.
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Leisure
Leisure Supplement 22 June 2001
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Open all hours
Leisure Supplement 22 June 2001
Experience is showing that extended entertainment offerings combined with extended shopping hours leads to success.
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Mall stories
retailsupp-june01
Chris Geaves, head of retail at Strutt & Parker, takes a look at the past 12 months for shopping centres and offers his outlook on the months ahead
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A mall order?
9 March 2001
Is 'e-tailing' a shopping revolution? Or is it destined to only be used by a minority of shoppers? We report on two shopping centre owners that are forging ahead with virtual shopping malls
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Supermarket sweep
19 January 2001
The Competition Commision's investigation into the business practices of supermarkets has found no evidence of exploitation. What then is its significance for retail development?
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Breaking ground
5 January 2001
Had I arrived at Cambridge Services a BIT later, I would have been greeted by an Extra staff member. Older people especially, explains Extra's marketing manager Peter Coleshill, can dither at the door. A greeter can direct them to the service they require.
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Survival of the fittest
1 December 2000
The huge acquisition programme of many health clubs are providing 'dream tenants' for landlords on new schemes. But, as the sector absorbs the effect of the failure of Healthland, we ask, will this eagerness to invest be the sector's downfall?
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20:20 sites is Ikea vision
4 August 2000
Ikea is using the oxygen of publicity to drive forward plans for a mammoth expansion of stores throughout Britain. Christine Eade reports on why the Swedish giant seems to find obtaining planning consent easier than many UK companies.
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In the fast food lane
16 June 2000
The likes of McDonald's, KFC and Burger King are queuing up on the sliproad to success. Renée Barnes looks at the property needs of fast food operators desperate to serve the long-distance driver
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Add value
7 April 2000
Today's shopping centres aren't just about shops – there are car parks, cash machines and leisure facilities to take into account as well. And that's before a valuer even considers lease types.
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One for the road
19 November 1999
The hospitality industry has taken to the road. Lucy Benyon reports on the hotel and restaurant companies springing up from Lands End to John O'Groats
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Appliance of science
5 March 1999
Developers are keen to build the next Silicon Valley here in the UK. But their ambitions could prove premature.
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No parking?
5 March 1999
Can business parks survive John Prescott's planning regime?
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Park congestion
5 March 1999
Occupiers look set to be squeezed by falling business park availability this year.







