Retail news – Page 17
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OnlineEllandi lands asset management role at Leicester’s Highcross centre
Ellandi has been appointed as strategic asset manager at the Highcross Shopping Centre in Leicester.
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NewsAres agrees £300m refinancing of central London assets
Ares Management Corporation’s European real estate debt team has provided a £300m senior loan to refinance two high-profile central London assets: Burberry’s global flagship store at 21-23 New Bond Street, and the 601-room, four-star Hilton London Kensington hotel.
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NewsTown centre plans approved at 1,500-home Hertfordshire garden village
Planning approval has been granted for a £500m town-centre scheme with 250 homes in Cheshunt, Hertfordshire, to sit alongside a proposed 1,250-home garden village.
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NewsConstruction project starts to return to growth next year following dismal 2023
The UK construction sector is set to return to growth next year after project starts fell massively this year due to higher inflation, taxes, and rising mortgage costs, according to Glenigan’s Construction Industry Forecast 2023-2025.
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OnlineNuveen to sell Soho Wharf
Global investment manager Nuveen has appointed CBRE to sell Soho Wharf, its mixed use scheme on London’s South Bank.
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![French Connection 2[75][65]](https://d2bq2usf2vwncx.cloudfront.net/Pictures/100x67/1/8/8/1877188_frenchconnection27565_103470.jpg)
NewsFrench Connection set to open O2 store
Fashion retailer French Connection is set to open a 1,766 sq ft outlet store at The O2 Arena later this month.
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OnlineLandsec launches ‘transformation plan’ for retail destinations
Landsec is launching a ‘transformation plan’ to invest in its prime retail destinations as it seeks to boost growth at its leading shopping assets.
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NewsJohn Lewis writes down value of London HQ by £15.6m
John Lewis Partnership (JLP) has slashed the value of its London headquarters in Victoria by £15.6m amid efforts to downsize its office space due to the move to hybrid working.
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NewsWirral retail and leisure scheme hits market
The Curve, a retail and leisure centre in Heswall town centre on the Wirral Peninsula, has hit the market with a guide price of £2.5m.
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NewsCVA could cost Wilko landlords three years’ rent
Landlords of retailer Wilko potentially face losing out on rent for three years if a mooted company voluntary arrangement (CVA) goes ahead.
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OnlineEE launches Westfield flagship to kickstart experiential store roll-out
BT-owned mobile network provider EE opened its flagship The EE Studio, a 4,230 sq ft experiential retail outlet, at Westfield White City in London last Friday (16 June).
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NewsJohn Lewis property director to step down
John Lewis Partnership (JLP) has announced that Chris Harris, the property director who set up its build-to-rent (BTR) business, is leaving the firm in November.
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NewsWilko CVA moves closer with CBRE appointment
Wilko has hired property agent CBRE as it prepares for potential negotiations with landlords about cutting rents across its stores as part of a company voluntary arrangement (CVA) , Property Week understands.
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NewsUS firm bags pair of Capreon retail parks for £175m
Capreon has sold a pair of retail parks in Bristol and Fife to US-based Realty Income Corporation in a £175m deal.
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NewsAsda closes in on £650m property portfolio sale
Supermarket giant Asda is reportedly closing in on a deal worth £650m to sell off part of its property portfolio.
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NewsSchroders REIT outperforms peers despite 18.9% NAV drop
Schroder Real Estate Investment Trust (REIT) has reported above average income return and a sector-beating 14% rise in its dividend, despite an 18.9% drop in net asset value (NAV).
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NewsCo-op’s Manchester HQ up for sale
The Co-operative Group (Co-op’s) Manchester HQ has been put on the market seeking offers in the region of £165m.
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NewsMare Street Market signs second biggest King’s Cross estate deal
King’s Cross in London is set to become home to the second Mare Street Market after striking the estate’s second largest retail deal to date for an 18,000 sq ft retail, dining, co-working and bar concept.
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NewsFranco Manca and The Real Greek plan expansion after sale approved
Shareholders in Fulham Shore, owner of the Franco Manca and The Real Greek casual dining chains, have approved the £93.4m sale of the business by Japanese food conglomerate Toridoll, saying that the deal will better enable the brands to achieve their growth potential.
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NewsBuoyant Cadogan’s estate value tops £5bn
Cadogan family’s estate has risen in value to over £5bn in a buoyant annual results performance.
