Auction success rates in first quarter at a three-year-low
Acuitus research shows drop in Q1 success rates despite 20% increase in number of lots brought to auction
Sovereign Centros wins outline approval to revamp Glasgow’s St Enoch centre
Property developer and asset manager Sovereign Centros has secured outline planning approval to redevelop The St Enoch Centre in Glasgow as a mixed-use scheme including offices, cultural space, a hotel and housing.
Asda to acquire EG Group’s UK petrol stations and stores in £2.27bn merger
Asda Group has acquired business EG Group’s UK and Ireland 350-plus petrol filling stations and 1,000 food-to-go convenience stores in a £2.27bn merger deal.
Pets at Home set to open 40 new stores
Pet care and veterinary services group Pets at Home said it planned to invest in 40 new stores in the medium term, as it announced record sales of £1.4bn for the year to 30 March.
CapReg shows improvement but footfall remains below pre-Covid levels
Shopping centre group Capital & Regional saw footfall during the four months to the end of April rise 4.8% compared to 2022, but it remains below pre-pandemic levels.
Manchester City scores new club shop at Arndale
Manchester City has capped off its Premier League title win by unveiling a new club shop opening inside Manchester Arndale shopping centre.
GPE boss Courtauld boasts stronger annual performance than Landsec and British Land
Great Portland Estates chief executive Toby Courtauld has claimed a strong set of annual results after the group’s valuation losses were lower than at rivals Landsec and British Land.
M Core acquires second Southport retail park in space of two weeks
Privately held commercial property portfolio M Core has acquired Ocean Plaza in Southport, one of the North West town’s largest retail and leisure parks.
LondonMetric agrees £200m takeover of CT Property Trust
LondonMetric has agreed a deal to buy rival CT Property Trust (CTPT) for £198.6m.
LCP buys major Southport retail park
LCP, a commercial property and investment firm that is part of M Core, has snapped up Central 12, a large shopping park on the outskirts of Southport and is seeking further acquisitions.
