Retail news – Page 14
-
OnlineShaftesbury Capital to sell £100m-plus Fitzrovia portfolio
Shaftesbury Capital has instructed CBRE to sell the group’s Fitzrovia assets in London for in excess of £100m, according to reports.
-
NewsM2 bids for Wilko amid ‘appetite to invest in turning the ailing brand around’
Private equity firm M2 Capital has made a last-minute £90m bid for Wilko, with a pledge to retain all employees’ jobs for two years, according to a report by The Guardian.
-
NewsCapital & Regional raises £25m for The Gyle Shopping Centre acquisition
Capital & Regional, the UK-focused REIT with a portfolio of in-town community shopping centres, has raised £25m through an open offer of shares to part fund the acquisition of The Gyle Shopping Centre.
-
NewsHMV owner steps in with last-minute bid for parts of financially stricken Wilko
HMV owner Doug Putman has reportedly stepped in at the last minute with a bid to purchase parts of financially stricken budget retailer Wilko.
-
NewsIkea Oxford Street opening pushed back over ‘complex’ renovations
The much-anticipated opening of Ikea’s Oxford Street store has been pushed back until next year due to the complexity of the renovations required for the building.
-
NewsSt Helens council wins CPO battle with pub unlocking town centre regeneration plans
A government planning inspector has ruled in favour of St Helens Borough Council’s compulsory purchase order (CPO) for a pub to make way for a major town centre redevelopment.
-
OnlineAshbyCapital refinances £50m retail park
AshbyCapital has refinanced two of its retail parks with a three-year, £50m loan facility provided by Deutsche Hypo.
-
News‘Majority’ of Wilko stores to close as administrators fail to find buyer
The majority of Wilko stores will close after administrators failed to find a buyer willing to take over the budget retail high-street giant.
-
NewsWilko reportedly sold flagship warehouse for £40m below true value
Financially troubled budget retailer Wilko sold its flagship depot for £48m only for it to reportedly be flipped by its new owner for £88m just two months later, it has emerged.
-
NewsRedevco builds up assets and development management team
Regeneration specialist Redevco has strengthened its asset and development management team with a trio of promotions and new appointments.
-
NewsDiscount stores in out-of-town retail space grab
Discount grocers and value homeware brands dominated new store openings on out-of-town retail retail parks in the first half of 2023, according to a report by Savills.
-
NewsDTZ Investors bags Islington Sainsbury’s for £56m
DTZ Investors has paid Lothbury £56.25m for a Sainbury’s store in Islington, north London, reflecting a net initial yield of 4.4%, and said it is on the lookout for further supermarket investments.
-
NewsEuropean investor pays £30m for prime Edinburgh office and retail block
French investor Remake Asset Management has bought a prime office and retail block on Princes Street in Edinburgh for £29.525m from Redevco.
-
NewsRival discount retail giants consider Wilko swoop following administration
Rival discount retail giants are reportedly considering swooping in to acquire Wilko after it collapsed into administration.
-
NewsWilko collapses into administration
Budget retailer Wilko has collapsed into administration, putting over 12,000 jobs and dozens of its outlets at risk, after an attempted rescue deal failed.
-
NewsCapital & Regional posts strong results and acquires The Gyle Shopping Centre
Capital & Regional, the UK-focused REIT with a portfolio of in-town community shopping centres, has achieved 42 new lettings and renewals at a combined average premium of 5.7% to previous rent during the half-year to 30 June.
-
NewsCustodian Property Income REIT reports rental growth
Custodian Property Income REIT (CPI) has revealed in its latest quarterly trading update that rental growth supported fully covered dividends and stable values in the period ending on 30 June.
-
NewsLondonMetric boosts value of portfolio with CTPT acquisition
LondonMetric has completed the acquisition of CT Property Trust (CTPT), increasing its portfolio value to £3.2bn and generating £160m of rental income per year from a diversified occupier base.
-
NewsM&S pumps £13m of investment into North East as it begins Newcastle store redesign
M&S is set to start work on redesigning and updating its Northumberland Street store in Newcastle this month as part of £13m of investment in its 21 stores across the North East.
-
NewsShaftesbury Capital sees strong momentum post-merger for H1
Newly formed Shaftesbury Capital has reported that trading conditions across its West End locations are “positive” with “high footfall and customer sales now tracking 15% ahead of 2019 levels”.
