Tenant demand for retail property continued to fall in the first quarter of this year and the pace of the decline accelerated, while demand for industrial space picked up, according to the latest RICS UK Commercial Property Market survey.
British Land and Hercules Unit Trust have agreed a quartet of new lettings at its Glasgow Fort retail centre in Scotland including Ann Summers’ first out-of-town store.
Online fashion retailer PrettyLittleThing has signed a deal to occupy around 615,000 sq ft at a Logicor warehouse in Sheffield.
Supermarket Income REIT is seeking up to £65m from a share placing in order to fund three acquisitions.
Luxury pet lifestyle brand Love My Human has signed for its first UK store at 308 King’s Road within the Sloane Stanley estate.
East has become the latest high street retailer to announce store closures after administrators revealed they have failed to find a buyer for the chain.
Automotive giant Williams Group has announced plans for a £41m flagship retail centre at Peel Land and Property’s TraffordCity development in Manchester.
Leeds City Council has unanimously backed developer CEG’s plans to create a £350m mixed-use scheme on a 8.69 acre South Bank site in the city.
American vulture hedge fund Elliott has revealed it has snapped up a 1.5% stake in Hammerson, sparking speculation its founder Paul Singer is seeking a shake-up in the board’s strategy and management.
Great Portland Estates (GPE) has sold its mixed-use scheme at 78-92 Great Portland Street and 15-19 Riding House Street to M&G Real Estate for £49.6m.