Retail news – Page 5
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News
Cambridge shopping centre to be transformed into life sciences hub
Developer Pioneer Group will transform a large part of the Grafton Centre.
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Online
Westfield owner reinstates dividend as full-year figures recover from pandemic
Shopping centre giant Unibail-Rodamco-Westfield (URW) has posted rises in rental income, footfall and tenant sales in its annual results.
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Primark to significantly upsize Metrocentre store
The enlarged anchor premises will cover nearly 80,000 sq ft.
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McLaren Living picked as development partner for £250m Reading scheme
McLaren Living will develop 600 new homes on the Minster Quarter Central site.
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Aldi signs 20-year lease at Fulham Broadway Retail Centre
The German supermarket giant has signed for former Wilko store.
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Goold Estates buys Stourport Midcounties Co-operative store
The company has purchased the 29,000 sq ft retail unit with adjoining car park, with the intention to remarket the property as Tannery Retail Park.
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West End businesses welcome review of axed VAT-free shopping for tourists
Chancellor Jeremy Hunt has called for a review of the policy.
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Morrisons sells forecourt business to MFG in £2.5bn deal
The deal will help pay off part of the supermarket chain’s debt pile.
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Mixed-use London freehold leads BidX1 February auction
Online auctioneer has launched the catalogue for its 22 February sale.
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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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Online
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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News
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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News
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.