Landmark retail rent ruling could have ‘dramatic’ implications
A judge has ruled that annual rent for a retail unit in Central London should be less than half of what it was in 2011, setting a commercial precedent that could have a significant impact on rents in the prime West End retail market.
Collection of shopping centres hit the market
A slew of shopping centre investment opportunities have hit the market, Property Week can reveal.
LPA Receivers mandates agents to sell Cheshire shopping centre for £10m
Runcorn Shopping City has been placed on the market by LPA Receivers with a price tag of £10m, Property Week can reveal.
Sports Direct reopens revamped Oxford Street flagship
Sports Direct has reopened its Oxford Street flagship store following a £10m makeover.
May UK commercial property deals more than double year on year
Around £2.6bn of investment was pumped into the UK commercial property market in May, more than double the amount transacted in the same month last year.
CBRE sells Glasgow office building in off-market deal
CBRE has sold a Glasgow office building for Patrizia for more than £5.5m.
West End trade body calls for action on ‘overlooked’ areas
A trade body representing hundreds of businesses and landlords in London’s West End has called for urgent action to revive “overlooked” areas of the district such as Charing Cross Road and St Martin’s Lane.
Radical plans unveiled to transform Oxford Circus
Plans have been unveiled to transform Oxford Circus into two pedestrian-friendly piazzas.
Edinburgh’s St James Quarter adds fashion and cosmetic tenants
Nuveen’s St James Quarter, the 1.7m sq ft city-centre development in Edinburgh, has added a flurry of fashion, jewellery and cosmetics brands as it prepares to open to visitors this month.
Savills to offload £25m Burnley retail portfolio
Savills has been appointed to sell Charter Walk and Curzon Square, two retail sites in Burnley town centre for £25.6m, which would reflect a net initial yield of 11%.
