Retail news – Page 2
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NewsOlympia appoints head of placemaking and estate operations director
The London regeneration project has appointed Rachele Caltagirone and Andrew Thomson to its team.
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NewsLGPS Central acquires Goodmayes Retail Park
The retail park is located in an area that is expected to see ”significant regeneration and growth”.
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NewsSupermarket Income REIT pays £34.7m for Stoke Tesco store
The firm purchased the store using revolving credit facility.
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NewsNext slashes annual rent bill by almost £7m as profits hit record £918m
The group renewed 56 leases in the year to January 2024 and cut occupancy cost by nearly a third.
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NewsKnowsley Council buys chunk of Cavendish Walk shopping centre from receivers
The council plans to develop homes, office space and a hotel on the site.
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NewsDTZ Investors snaps up Goodmayes Retail Park for LGPS Central fund
Tenants at the park include Wickes, B&M, Currys and The Gym.
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NewsExperts believe UK retail sector has a more stable year in store
A calmer period is anticipated despite recent administrations and M&A activity.
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NewsAbercrombie & Fitch to set up shop on Oxford Street
The retailer has signed a multi-year lease for two floors in the mixed-use retail and office building.
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NewsAbu Dhabi sovereign wealth fund shelves Liverpool One sale
Landsec was reportedly close to concluding a £350m for ADIA’s stake in the shopping centre.
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NewsESTAMA UK wins contracts to manage three more shopping centres
Addition of Birchwood, Weston, and Byron Place shopping centres take the number of assets the firm manages to 17.
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NewsStore closures expected as Ted Baker calls in administrators
Parent company Authentic Brands Group (ABG) is seeking a new partner for the brand.
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NewsCurrys announces profit outlook boost despite takeover collapse
Post-New Year trading sales “have been stronger than expected”, the retailer said in a stock exchange notice.
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NewsSelfridges seeks parent company cash to repay loans as Saudi fund eyes stake
Iconic London department store faces a £27.3m loan repayment deadline.
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OnlineJohn Lewis axes plans for housing to contribute 40% of profits
Last October the group announced it entered the BTR market and launched a management services business.
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NewsM&S given three weeks to update Gove on flagship store plans
The retail giant has the opportunity to resubmit plans to rebuild its Oxford Street store.
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NewsOxford Street set for ‘once-in-a-generation’ transformation, report finds
Report shows Oxford Street Programme to improve ‘the nation’s high street’ could boost sales by £2.8bn a year.
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NewsFPG acquires Washington Retail Park in Sunderland
The deal follows the firm’s purchase of the Moorland Centre Retail Park in Lincoln late last year.
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OnlineSupermarket Income REIT’s net tangible assets fall but pre-tax losses are slashed
The value of the group’s supermarkets portfolio fell 3.2% in the last six months of 2023 to £1.68bn.
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OnlineMetrocentre posts 17% profit rise as recovery from pandemic continues
Footfall and occupancy are up at UK’s second largest shopping destination.
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NewsA&o Hostels seeks office and retail properties for £427.5m expansion drive
The UK in included as firm seeks wide range of properties for pan-European expansion plan.
