Retail news – Page 10
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NewsMartin Property Group puts Yeovil shopping centre and bus station up for sale
Martin Property Group is selling a substantial redevelopment site in Yeovil, Somerset, comprising the Glovers Walk shopping precinct, the bus station and part of lower Middle Street.
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NewsBallymore and Sainsbury’s submit plans for 2,500-home scheme in London
A joint venture (JV) between Ballymore and Sainsbury’s has submitted a planning application for the development a 2,519-home mixed-use canalside neighbourhood in Ladbroke Grove, west London.
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NewsTown Centre Securities to ramp up development pipeline
Town Centre Securities is looking to step up investment in its development pipeline, which has an estimated gross development value of over £400m, according to its results for the year to the end of June.
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NewsDorset waterfront mixed-use scheme for sale at £7m
An unnamed private client has appointed Savills to market the mixed-use Dolphin Quays devlopment in Poole, Dorset, for £7m, which would represent a net initial yield of 9.46%.
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NewsFood brands agree Wembley Park deals amid influx of independent businesses
Quintain has agreed deals with two food brands to take over 10,000 sq ft of space at its Wembley Park scheme in Brent, north-west London.
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NewsJD Sports poised to take House of Fraser space at Cwmbran Centre in South Wales
JD Sports is believed to have agreed a deal to take over the former House of Fraser department store in the Cwmbran Centre in Torfaen, South Wales.
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OnlineKentucky bourbon brand takes Covent Garden space for London debut
Faith Gear Holdings has let a unit in Covent Garden, London, to Buffalo Trace Distillery, which will be the brand’s first bricks-and-mortar outlet outside its US home in Kentucky.
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NewsInvestment activity gains momentum despite weak Q3 volumes
Investment activity in UK commercial property has improved in Q3 – despite a slip to a three-year low, according to Lambert Smith Hampton’s latest UK Investment Transactions (UKIT) report.
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NewsProperty portfolio valuation dips at Schroder European REIT
Schroder European REIT (SERE), which invests in real estate in European growth cities, has announced a 1.9% fall in the value of its direct property portfolio, to €214.1m (£185.5m), over Q3.
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NewsSavills’ October auction raises more than £36m
Savills raised more than £36m at its 10 October auction, representing a success rate of 70% from sales among 200-plus lots comprising a mixture of residential, commercial and development opportunities across the UK.
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NewsNext agrees £115m takeover of FatFace
Next has agreed a £115.2m deal to takeover clothing and lifestyle brand FatFace.
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NewsFrey to buy URW’s French Riviera shopping centre for £235m
Developer Frey has agreed to purchase the Polygone Riviera open-air shopping centre in Cagnes-sur-Mer from Unibail-Rodamco-Westfield (URW) for €272.3m (£235.2m).
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NewsJohn Lewis appoints Gafsen as property director
The John Lewis Partnership (JLP) has appointed Martin Gafsen as director of property, taking up the role from 13 November.
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NewsMiniso signs deal to open flagship store at 100 Oxford Street
Lifestyle retailer Miniso has signed a five-year lease for a new flagship store at Lazari’s retail scheme on Oxford Street.
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NewsURW eyes up architects Kohn Pedersen Fox for Croydon centre revival
Retail giant Unibail-Rodamco-Westfield (URW) is in advanced talks with architect’s Kohn Pedersen Fox (KPF) to draw up a masterplan for its Croydon site, with an aim to submit a new masterplan which will include thousands of homes by 2025.
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NewsSavills to market L&G’s The Beacon shopping centre in Eastbourne for £80m
Legal & General Investment Management has appointed Savills to market the freehold of The Beacon shopping centre in Eastbourne with an £80m price tag.
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NewsDeadline set for Body Shop sale with buyer yet to emerge
Brazilian cosmetics group Natura & Co has set a final deadline of 23 October for interested parties to submit offers to buy The Body Shop, with a potential buyer yet to come forward.
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NewsJohn Lewis says real estate commitment is ‘unwavering’ despite chair’s plan to step down
The John Lewis Partnership has reiterated its “unwavering” commitment to its real estate venture following chair Dame Sharon White’s decision to step down at the end of her term.
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NewsBarnsley Council takes over struggling Alhambra Shopping Centre
Barnsley Metropolitan Borough Council has acquired the leasehold of Alhambra Shopping Centre in Barnsley, which fell into receivership in 2021.
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NewsFears tenant Nationwide is ‘overrented’ lead AEW UK REIT to sell Portsmouth asset
AEW UK REIT has sold a high-street retail asset in Portsmouth because of fears the main tenant, Nationwide Building Society, is “significantly overrented”.
