Retail news – Page 19
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NewsPets at Home set to open 40 new stores
Pet care and veterinary services group Pets at Home said it planned to invest in 40 new stores in the medium term, as it announced record sales of £1.4bn for the year to 30 March.
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OnlineCapReg shows improvement but footfall remains below pre-Covid levels
Shopping centre group Capital & Regional saw footfall during the four months to the end of April rise 4.8% compared to 2022, but it remains below pre-pandemic levels.
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NewsManchester City scores new club shop at Arndale
Manchester City has capped off its Premier League title win by unveiling a new club shop opening inside Manchester Arndale shopping centre.
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OnlineGPE boss Courtauld boasts stronger annual performance than Landsec and British Land
Great Portland Estates chief executive Toby Courtauld has claimed a strong set of annual results after the group’s valuation losses were lower than at rivals Landsec and British Land.
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NewsM Core acquires second Southport retail park in space of two weeks
Privately held commercial property portfolio M Core has acquired Ocean Plaza in Southport, one of the North West town’s largest retail and leisure parks.
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OnlineLondonMetric agrees £200m takeover of CT Property Trust
LondonMetric has agreed a deal to buy rival CT Property Trust (CTPT) for £198.6m.
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NewsLCP buys major Southport retail park
LCP, a commercial property and investment firm that is part of M Core, has snapped up Central 12, a large shopping park on the outskirts of Southport and is seeking further acquisitions.
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NewsBond Wolfe flogs Edgbaston property for £1.22m at May auction
A total of 146 lots sold at Bond Wolfe’s May auction, including a property with development potential in Edgbaston, Birmingham, which was snapped up for £1.22m as it went on the market for the first time.
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NewsWilko considers entering CVA
Value retailer Wilko is reportedly considering entering a company voluntary arrangement to cut costs.
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OnlineGodwin submits planning for mixed-use Wisbech scheme
Godwin Developments has submitted an outline planning application for a range of commercial uses for its 9.5-acre site in Wisbech, Cambridgeshire.
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OnlineEdiston considers sale and merger options as NAV suffers sharp fall
Ediston Property Investment is considering a sale or merger of the business, after it posted a 15.3% fall in net asset value (NAV) for the six months to the end of March.
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NewsBritish Land ‘open’ to disposing of its shopping centre portfolio
Chief finance officer says the group is focused on a surging retail park market ahead of ‘non-core’ centres.
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OnlineBritish Land posts £1bn annual loss as valuations slump 12%
British Land has posted a swing of almost £2bn from profit to loss as macroeconomic factors hit property values.
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OnlineStifel analyst claims ‘only a matter of time’ before Hammerson sells Value Retail stake
Sam King, a leading propety analyst at investment bank Stifel, believes ”it is only a matter of time” before retail giant Hammerson sells its stake in the Value Retail portfolio.
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NewsMartin’s Properties reveals line-up of retail and restaurants for flagship King’s Road scheme
Martin’s Properties has pre-let its entire flagship 33 King’s Road scheme in Chelsea after agreeing deals with five retail and restaurant occupiers, Property Week can reveal.
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NewsLush launches circular recycling Green Hub in Poole
Cosmetics giant Lush has launched a new 40,000 sq ft circular recycling hub at its Fleets Corner Business Park in Poole after investing £2.3m in the project.
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NewsAllsop’s May commercial auction led by City office and retail corner unit
A City of London office and retail building with a guide price of £3m is one of the leading lots in Allsop’s next online commercial auction on 17 May.
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NewsLendlease unveils next tranche of commercial units at Elephant Park
Lendlease has four restaurant and retail units under offer at its £2.5bn Elephant Park scheme in south London and said a further 10 units would be available in the next phase of development.
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NewsEducation facilities look on course to revive vacant retail space
Croydon’s Whitgift Centre is latest in a series of schemes looking to educational uses as new anchor tenants.
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NewsFootasylum to open Oxford Street flagship store in H2
Streetwear and sportswear retailer Footasylum is to open a 20,000 sq ft flagship branch at 73-89 Oxford Street in central London in the second half of this year, as part of its national roll-out of a larger store format.
