The Co-operative Group has sold Shoefayre, its troubled shoe shops business, to rival discount chain Shoe Zone. Shoefayre reported operating losses of more than £6m last year. The Times. The Guardian
Leicester-based Shoefayre has 240 UK stores, generating annual sales of about £65m.
Goodstone Living, the specialist real estate investment manager established by Macquarie Asset Management, has hired former Cushman & Wakefield associate director George Jolliffe as acquisition manager.
The former John Lewis department store at 88 George Street in Aberdeen has hit the market.
Specialist real estate development finance provider Maslow Capital has completed a £32.8m development loan to fund Citylife’s ‘Springwell Gardens’, a 223-unit residential scheme in central Leeds.
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