Retail news – Page 6
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NewsAviva Investors sells three UK supermarkets in £100m deal
MDSR Investments has purchased a Sainsbury’s and two Morrisons stores.
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OnlineNewRiver 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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NewsClarion 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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NewsCash 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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NewsCharles 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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OnlineMike 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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NewsHarvey 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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NewsReal 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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NewsMcLaren 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.
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NewsTri7 in £10m swoop for Southampton shopping centre
Real estate investment and asset management firm Tri7 has acquired the Portswood Shopping Centre in Southampton for around £10m from a private investor.
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News‘Economic risks’ cause Sainsbury’s and FEC to drop 950-home east London scheme
Sainsbury’s has abandoned plans to redevelop a supermarket in Whitechapel, east London, where it also intended to build almost 1,000 homes and a hotel.
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NewsRetail sees biggest drop in carbon emissions across industry
The UK retail sector saw the biggest percentage drop in carbon emissions per real estate unit last year, at 17.6%, according to a new report.
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NewsColumbia Threadneedle Real Estate acquires Parkgate Shopping Park
Columbia Threadneedle Real Estate has acquired Parkgate Shopping Park in Rotherham on behalf of client funds for an undisclosed sum.
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NewsLuxury cinema Everyman takes space at The Brentford Project
Developer Ballymore has signed luxury cinema operator Everyman for The Brentford Project, its 1.2m sq ft riverside residential-led development in Brentford, West London.
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NewsMarlborough Property portfolio value drops by almost £45m
The value of Marlborough Property Company’s portfolio of shops and offices fell by almost £45m last year, according to its financial statement for the year ended 30 June 2023.
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NewsMeridian Leisure Park in Leicester sold for £25m
Greenridge Opportunities has acquired Meridian Leisure Park in Leicester for £25m reflecting a yield of 8.50%.
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NewsSupermarket property transactions hit record high in 2023
The value of UK supermarket property transactions rose to a record £2.49bn in 2023, according to data from Knight Frank.
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NewsSavills picks North West buy-to-let and London warehouses as top performers in 2024
Buy-to-let (BTL) residential properties in the North West and London industrial and retail warehouses will be the top-performing property subsectors of 2024, according to Savills.
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NewsPop-up retail space specialist Sook closes down
Pop-up retail space operator Sook has closed after failing to raise sufficient funding to continue operations.
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OnlineSelfridges in talks over debt payments as co-owner collapses
London department store Selfridges is in talks with its parent company Central Group about raising cash to pay its upcoming debt commitments, after its co-owner filed for insolvency.
