Retail news
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Footasylum upsizing at Gateshead’s Metrocentre
The sports shoe chain joins EE, Primark, Clarks, Victoria’s Secret and Jack & Jones in increasing its space at the mall.
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Roadside Real Estate to undertake £100m acquisition spree this year
The group intends to deploy the funds before the end of the year and has expanded its medium-term target pipeline to £250m.
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Suit Direct signs at Westfield Stratford to kickstart expansion plans
The company, which operates 31 stores, aims to roll out up to 10 stores this year.
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SGS completes shopping centre £445m refinancing with Lloyds
SGS owns the former intu centres in Lakeside in Essex, Atria Watford, Victoria Centre in Nottingham and Braehead near Glasgow.
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Breathing new life into old stores
W.RE’s mixed-use renovation of the grade ll-listed former Arding & Hobbs building in Clapham, south London, left vacant by Debenhams’ collapse, shows how Britain’s grand old department stores can be given a new lease of life and restored to their former architectural glory.
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Oxford Street eyes future as experiential retail destination
NWEC chief Dee Corsi talks about transforming Oxford Street to meet growing demand for experiential retail and leisure.
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British Land seeks retail park acquisitions outside South East
Company is ”comfortable looking out into the regions, where there is more value,” head of retail parks Matt Reed said.
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Hines secures approval for £1bn redevelopment of 18 Blackfriars Road in Southwark
The developer intends the project to be London’s lowest whole-life carbon high-rise development.
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CapReg bounces back from pandemic as footfall and rental income rise
The group’s net rental income rose 5% and asset valuations grew 2.6% in 2023.
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Northumberland Estates lands double prelet as Durham scheme gets nod for expansion
Sainsbury’s and Burger King have agreed deals for units at the development.
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Supermarket Income REIT buys £64m French portfolio
The portfolio comprises 17 Carrefour Market supermarkets.
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URW reports 21.6% UK shopping centre rental growth for Q1
UK shopping centres Westfield Stratford and Westfield London outperform US and French centres.
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NewRiver achieves record 98% occupancy during fourth quarter
The group completed 785,100 sq ft of lettings in the year to the end of March at an average 3.6% above estimated rental value.
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M&S store demolition case highlights the need for clearer policy
Barrister Russell Harris KC talks about how M&S won its appeal against refusal of plans for its Marble Arch store and why the redevelopment may go ahead.
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Retail takes lead in net zero race
Many supermarkets and retail parks have high EPC ratings and are adopting energy-saving strategies.
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Hereford retail park on the market for £6.1m
Brook Retail Park is fully let to Lidl, Pets at Home and Poundstretcher.
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Brooks appointed head of HampsonWall’s new out-of-town agency team
She joins the firm from Curson Sowerby Partners.
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Norway’s sovereign wealth funds eyes £363m Meadowhall takeover
Norges is in advanced talks to buy British Land’s 50% stake of the Sheffield shopping centre.
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Petrol forecourt acquisitions help boost Asda profits
The supermarket giant’s adjusted EBITDA after rent rose by 24% to £1.078bn in 2023.
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Holiday firm Kuoni Travel checks in to Manchester Arndale
Kuoni is relocating to Manchester Arndale from its former Manchester city centre location in King Street.