RICS survey gives worst reading for retail property since 2009
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.
Ann Summers heads out of town to lead quartet of new signings at Glasgow Fort
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.
Pretty Little deal as fashion retailer takes huge Sheffield letting
Online fashion retailer PrettyLittleThing has signed a deal to occupy around 615,000 sq ft at a Logicor warehouse in Sheffield.
Supermarket REIT seeks £65m to fund acquistions
Supermarket Income REIT is seeking up to £65m from a share placing in order to fund three acquisitions.
Pet lifestyle brand gets paws on debut UK store
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 goes south as administrators fail to find buyer
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.
Williams Group drives away with £41m retail centre to showcase BMW and Jaguar in Manchester
Automotive giant Williams Group has announced plans for a £41m flagship retail centre at Peel Land and Property’s TraffordCity development in Manchester.
Green light for £350m South Bank Leeds development
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.
Aggressive US hedge fund takes aim at Hammerson
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.
GPE sells West End scheme to M&G for £50m
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.
