Retail news – Page 16
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OnlineBritish Land updates investors ahead of AGM
British Land’s Simon Carter has told investors the group continues “to see strong operational momentum” ahead of his presentation at the annual general meeting today.
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NewsLCP purchases Weavers Wharf Shopping Park from Nuveen Real Estate
Property and investment company LCP has acquired Weavers Wharf Shopping Park in Kidderminster, Worcestershire, for an undisclosed sum from Nuveen Real Estate.
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OnlineSupermarket Income REIT receives second tranche of cash from Sainsbury’s portfolio sale
Supermarket Income REIT has received the second tranche of cash from the sale of its interest in the Sainsbury’s Reversion Portfolio (SRP).
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NewsTouchwood Shopping Centre signs trio of fashion brands
Three major fashion brands have signed undisclosed deals to set up shop in Touchwood Shopping Centre in Solihull.
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NewsCommercial real estate capital values dip in June
Commercial real estate values dipped 0.3% in June 2023, cancelling out the effects of a rise seen since April, according to the latest CBRE UK Monthly Index.
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NewsThe White Company set up shop at Northern Ireland’s Victoria Square
Lifestyle brand The White Company is set to open its first store in Northern Ireland after closing a deal to join Belfast’s Victoria Square shopping centre.
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NewsLondonMetric sells five assets for £43m
LondonMetric has exchanged on the sale of five assets for £42m, reflecting a net initial yield (NIY) of 4.5%. The combined sales are in line with the 31 March 2023 book value.
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NewsInterest in UK operational real estate has ‘never been higher’
The UK’s OPRE market poses an opportunity for investors as its total value is set to reach more than £750bn.
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NewsRetail mix changes as leisure and F&B dominate over clothing
Traditional retail city centre and shopping centre mainstays such as clothing and footwear are declining as leisure and food and beverage (F&B) businesses move in, according to data revealed by location specialist CACI’s platform Brand Dimensions.
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NewsHigh Court approves Fitness First restructuring plan
The High Court has approved a controversial restructuring plan proposed by gym operator Fitness First, which will see rents slashed at dozens of its UK sites.
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OnlineHammerson to transform car parks with daredevil circuses over summer
Hammerson is set to roll out pop-up circus and a range of entertainment across its retail centre car park space in what will be a first in the property sector.
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OnlineBoots to close 300 UK stores
High street chemist chain Boots is to close 300 branches across the UK over the next year.
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NewsSamsonite signs five-year lease for 4,687 sq ft Oxford Street unit
Premium luggage brand Samsonite has signed a five-year lease for a 4,687 sq ft unit in Oxford Street.
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NewsJD signs for Epsom’s Ashley Centre
CBRE Investment Management (CBRE IM) has signed sports fashion retailer JD for a 4,453 sq ft unit at the Ashley Centre in Epsom, Surrey.
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NewsNewRiver disposes of the Napier JV’s remaining retail parks for £63m
Regional shopping centre group NewRiver REIT has completed the disposal of Kittybrewster Retail Park in Aberdeen and Glendoe and Telford Retail Parks in Inverness for £62.6m to RI UK 1 Limited.
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NewsUrban Splash selected to lead regeneration of Sheffield’s historic Cole Brothers building
Regeneration specialist Urban Splash has been selected as the preferred bidder to transform the former Cole Brothers building in Sheffield city centre into a mixed-use development.
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NewsScottish shopping centre sold out of administration
A Scottish shopping centre has been sold out of administration as a going concern to a joint venture between Belgate Estates and Tracey Investmtents.
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OnlineHotel Chocolat plans out-of-town growth despite profit warning
Premium chocolate retailer Hotel Chocolat said it is planning to open five more stores in retail parks by the end of 2023, as part of its ambitions to open 50 new stores over the next three years, despite issuing a profit warning.
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NewsStaffordshire hospice drafts in Burley Browne to lead 15-unit charity shop expansion
St Giles Hospice in Staffordshire has instructed property consultant Burley Browne to find new sites to expand its network of charity shops across the West Midlands.
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NewsCustodian Property Income REIT sells high-street shop
Custodian Property Income REIT has sold a high-street shop in Bury St Edmunds at auction for £850,000, in line with the 31 March 2023 valuation.
