Retail news
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NewRiver achieves record 98% occupancy during fourth quarter
The group completed 785,100 sq ft of lettings in the year to the end of March at an average 3.6% above estimated rental value.
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M&S store demolition case highlights the need for clearer policy
Barrister Russell Harris KC talks about how M&S won its appeal against refusal of plans for its Marble Arch store and why the redevelopment may go ahead.
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Retail takes lead in net zero race
Many supermarkets and retail parks have high EPC ratings and are adopting energy-saving strategies.
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Hereford retail park on the market for £6.1m
Brook Retail Park is fully let to Lidl, Pets at Home and Poundstretcher.
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Brooks appointed head of HampsonWall’s new out-of-town agency team
She joins the firm from Curson Sowerby Partners.
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Norway’s sovereign wealth funds eyes £363m Meadowhall takeover
Norges is in advanced talks to buy British Land’s 50% stake of the Sheffield shopping centre.
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Petrol forecourt acquisitions help boost Asda profits
The supermarket giant’s adjusted EBITDA after rent rose by 24% to £1.078bn in 2023.
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Holiday firm Kuoni Travel checks in to Manchester Arndale
Kuoni is relocating to Manchester Arndale from its former Manchester city centre location in King Street.
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Newcastle council approves £65m shopping centre transformation
Next has pre-let two floors of the former Eldon Square Debenhams store, which is set to be converted.
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Hammerson chief executive Gagné on creating a vibrant sense of place
Tailored placemaking can bring forth 24/7 urban ‘living spaces’ that have a significant social impact.
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Superdry launches rent-slashing restructuring plan to fight off administration
The fashion retailer has 94 shops in the UK and plans to slash rents at 39 of them.
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Trio of retail brands sign for Metrocentre
ProCook, Clarks and Victoria’s Secret are set to open at the shopping centre.
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Newlife appoints property consultants to drive charity store expansion
Johnson Fellows and Andy Guest & Co to will also advise the charity on leases and rent reviews.
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Hines puts Oxford Street retail and resi scheme on market for over £45.75m
Savills and Knight Frank are marketing the property.
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Poundstretcher bought by Majestic Wine and Punch Pubs owner
US firm Fortress has struck a deal to acquire the UK discount retail chain and its 322 stores.
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John Lewis build-to-rent boss Katherine Russell on the partnership’s rental plans
The John Lewis Partnership’s director of Build to Rent (BtR), Katherine Russell, joins Andrew Teacher on this latest PropCast to explain the reasoning behind the retail giant’s move into housing. The Partnership’s strategy to develop rental homes on its land and above some of its Waitrose stores could deliver thousands ...
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Multi Corporation returns to UK market with Realm takeover
The firm manages about 80 retail assets in 15 European countries.
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Maya Capital acquires West London luxury retail asset for £20m
Investor buys Kensington and Chelsea asset let to high-end brands.
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Ted Baker to close 15 UK stores
Eleven stores will close by 19 April, with a further four closing “in the coming weeks”.
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Sports Direct to open two flagship Westfield stores in London
Retailer will open one store at Westfield London, White City and a second at Westfield Stratford.