Oval Real Estate has sold the 85,000 sq ft former Tesco House office building to Cardiff and Vale University Local Health Board in the biggest single occupier deal in the region this year.
The call by Tesco chief executive Dave Lewis for the Chancellor to introduce a 2% levy on goods sold via the internet illustrates the anguish experienced by many high street retailers operating from physical stores.
Savills IM and Tristan Capital’s fund EPISO 3 have secured a letting to Iceland at their retail park in Newport, Wales.
Tesco has continued its programme of buying back stores with the purchase of its Cirencester Extra for £57m and its Stroud superstore for £35m, it said in half-year results this morning.
Palace Capital has signed a new 20 year lease with Aldi on the same day the German discount supermarket chain announced plans to open 130 new stores in the UK over the next two years.