Retail news – Page 4
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M Core continues shopping spree with Princes Square acquisition
Occupants at Glasgow retail development include Levi’s, Office and Everyman Cinema.
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Dudley shopping centre listed for £2.75m at Acuitus auction
West Midlands shopping centre to go under the hammer at Acuitus’s first 2024 sale.
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Department stores considering a wide range of uses to fill vacant spaces
Owners of former department stores are considering a wide range of uses to fill the vast vacant spaces.
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BPF manifesto aims to keep real estate at the top of political agenda
Document urges political support to boost growth of the industry and wider economy.
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Frasers Group to set up shop at Peterborough centre
The company has signed for a 62,500 sq ft Frasers store and a 30,000 sq ft Sports Direct in the former John Lewis department store.
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Superdry mulls store closures in bid to cut costs
Fashion retailer working with advisers to explore options to help turn the business around.
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UK debt funding gap among lowest globally, AEW analysis shows
Europe has most challenging property debt market but UK is outperforming, AEW finds.
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BPF calls for ‘radical reset’ with election manifesto
Growth, homes, town centres and the green economy are the focus of a plan for partnership between industry and government.
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Out of town retail pioneer Geoff Mason passes away aged 83
The Mason Partners founder will be ’dearly missed’.
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@peterproperty on the future of shopping malls
Landsec boss Mark Allan last week signalled a desire to spend up to £1bn on retail. Half may go on Liverpool One.
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M&S investing £30m in Scottish store openings and extensions
Retailer plans to invest in five new and existing stores.
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Aviva Investors sells three UK supermarkets in £100m deal
MDSR Investments has purchased a Sainsbury’s and two Morrisons stores.
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NewRiver hits record occupancy level
NewRiver REIT has achieved record occupancy across its regional retail portfolio following a “strong leasing performance” during its third quarter.
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Clarion Partners Europe acquires Coventry warehouse for £28m
Deal is first on behalf of Clarion’s UK-only logistics fund, which recently closed with £427m of equity commitments.
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Cash Access UK appoints Hamilton as property director
Not-for-profit company appoints Hamilton to ramp up Cash Access UK banking hub delivery programme
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Charles Irvine wins £100m backing to build 60 EV service stations
Joint venture (JV) between Charles Irvine and Meadow Partners plans 60 sites across the UK.
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Mike Ashley considers bid for Sheffield’s Meadowhall
The Sports Direct founder is considering his biggest investment to date in the retail property market.
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Harvey Norman to open 57,000 sq ft flagship store at Merry Hill
Lifestyle, technology and entertainment retailer to occupy former Debenhams store.
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Real estate transaction volumes down 20% in 2023, report finds
Inflation and high interest rates suppressed real estate transaction volumes in 2023, a new report by specialist business property adviser Christie & Co has concluded.
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McLaren Living and AEW plan Reading Broad Street Mall redevelopment
Build-to-rent developer McLaren Living and real estate investment manager AEW have partnered to redevelop Broad Street Mall and bring forward a new mixed-use neighbourhood in Reading town centre.