Retail news
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NewsOffice market set to see drop in sales values for Q2
The office market is forecast to see the greatest fall in sales values over the next quarter compared to industrial, retail and leisure, with prices per square foot predicted to fall by 2.7%, according to Robert Irving Burns (RIB).
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News
Deliveroo on the menu for SEGRO’s Acton Park
Developer SEGRO has signed up Deliveroo’s rapid grocery delivery service Deliveroo Hop for a new 2,980 sq ft shed on a seven-year lease at its Acton Park Industrial Estate in north-west London.
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Online
Landsec acquires remaining 50% of St David’s shopping mall in Cardiff
Landsec has secured 100% ownership of St David’s shopping centre in Cardiff, following its purchase of the debt secured against the 50% share of the asset previously owned by intu.
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News
Aviva Investors snaps up retail park and Asda superstore in southern England
Aviva Investors has snapped up two retail assets in the south of England, acquiring a retail park and Asda superstore in separate transactions.
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Interest rate rise hits Allsop’s March auction
Allsop’s sales success dipped at its 23 March auction compared to the previous month, as the firm said investors were affected by the recent Bank of England interest rate rise.
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Online shopping not to blame for high street retail woes, says report
A rise in online spending over the past three years has not been significantly at the expense of bricks-and-mortar retail, according to independent research unit Centre for Cities.
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Aprirose spends £10.6m on Whetstone Travelodge and Halfords site
Real estate investor Aprirose has acquired for £10.63m the freehold of an asset in Whetstone, north London, let to Travelodge with 18 years remaining on the lease, from Aviva Investors.
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News
Sovereign Centros bags Next for Glasgow shopping centre
Fashion and home retailer Next has agreed a 10-year lease with Sovereign Centros, asset manager of St Enoch shopping centre in Glasgow, for a new 28,000 sq ft store in the former Topshop unit at the shopping centre.
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News
Acuitus offers 11 lots for more than £1m at its March auction
A parade of shops in Southampton, Hampshire, with flats and offices above, listed at a guide price of £2.5m, will lead Acuitus’s 45-lot auction on 30 March, which includes 11 lots with guide prices of £1m-plus.
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Online
British Land goes on retail park buying spree
British Land has completed on the acquisition of three retail parks for a total of £94m and sold its 50% stake in a retail park in Preston for £30m.
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Online
Supermarket Income REIT completes £87m refinancing
Supermarket Income REIT has refinanced its existing loan facilities with Bayerische Landesbank (BLB) with a £86.9m three-year loan.
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HTB completes £21.1m development finance
Hampshire Trust Bank (HTB) has completed a £21.1m development exit and construction loan facility for a mixed-use development in North London.
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Online
Supermarket Income REIT completes Sainsbury sale
Supermarket Income REIT completed the £430.9m sale of its interest in the Sainsbury’s Reversion Portfolio on Friday (17 March).
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Hammerson CEO Gangé on how retail property group ‘has turned a corner’
It’s been a busy 865 days for Rita-Rose Gagné.
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News
Capital & Regional sells The Mall, Luton for £58m
REIT Capital & Regional, which owns retail and leisure properties and specialises in community shopping centres, has sold The Mall, Luton to SDI (Luton) and SDI (Luton 2) for £58m.
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News
Retail Watch: Asda reported to be launching property review
Supermarket giant Asda has declined to say whether it has mandated advisers to explore options for its property portfolio.
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Property and retail bodies call on government to stop town centre decline
Leading figures from the property and retail sectors are calling on central and local government to take action to address retail slowdown in town centres.
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Spring Budget: industry urges government to lower business rates burden
Industry experts are calling on the government to lower business rates and introduce reform ahead of tomorrow’s Spring Budget.
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Online
Supermarket Income REIT sells Sainsbury portfolio for £430.9m
Supermarket Income REIT has agreed the £430.9m sale of its interest in the Sainsbury’s Reversion Portfolio to the supermarket giant.
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Online
Redevco creates one of Europe’s largest retail park platforms
Redevco has established one of the largest retail warehouse park asset management platforms in Europe with assets under management (AUM) of €4.5bn (£4bn).
