New joint venture set to revitalise department stores
Quadrant has teamed up with Mark Phillipson, Colliers International’s ex-head of retail, to launch a joint venture that aims to breathe new life into struggling department stores, Property Week can reveal.
Performance of unlisted retail funds took a nosedive in 2019
British Land’s Hercules Unit Trust is worst performer in MSCI/AREF index with a return of -34.3% last year.
Frasers snaps up 65,000 sq ft at Meadowhall
British Land has confirmed Mike Ashley’s Frasers multi-brand store concept will take 65,000 sq ft at the Meadowhall shopping centre in Sheffield.
Green light for £300m hotel on site with tunnel to Harrods
A £300m hotel is to be built on a site in Kensington that has a secret tunnel to Harrods, after planning permission for the scheme was granted.
Intu plans equity raise next month
Intu has confirmed that it is planning to raise fresh equity next month in an effort to shore up its balance sheet.
Beales collapses into administration
Department store Beales has appointed KPMG as administrators after failing to find a new buyer or new investment for the business.
Trafford Council agrees £70m debt facility with The Hut Group
Trafford Council has announced it provided a £70m loan to The Hut Group in a funding round at the end of last year.
TK Maxx to let over 37,000 sq ft at Queensgate shopping centre
Lendlease and Invesco Real Estate will lease a 37,500 sq ft unit to retailer TK Maxx at its Queensgate shopping centre in Peterborough.
Kings Mall hailed as a ‘great location’ for small IKEA store
Deteriorating state of retail market has not put IKEA sister company Ingka off buying Hammersmith centre.
Six more Jack Wills stores to close
Sport Direct owned retailer Jack Wills is to close six stores.
