Retail news – Page 9
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NewsAsda Group completes £2bn EG Group acquisition
Asda Group has completed the acquisition of EG Group’s UK business for an enterprise value of £2.07bn.
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NewsEight split from Avison Young to form retail advisory practice
A group of eight leading retail warehouse agents have left Avison Young to set up a new advisory practice called Park Place Retail, Property Week can reveal.
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NewsHines and Peterson Group secure €80m loan for Dublin Central Plaza fit-out
A joint venture between Hines and Peterson Group has secured an €80m (£69.9m) senior loan from global alternative asset manager Cheyne Capital to fund fit-out works at the mixed-use Central Plaza scheme in Dublin and to refinance an existing facility.
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OnlineWest End prime office rents could hit £300/sq ft by December 2024, claims BNP
BNP Paribas Real Estate has predicted that super prime office rents in London’s West End could hit £300/sq ft by December 2024, as demand continues to outstrip constrained supply.
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NewsAurelius Group eyes The Body Shop acquisition
Private equity investor Aurelius Group is in talks to buy The Body Shop.
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NewsWilko to return to high street as new owner plans concept stores and national rollout
CDS Superstores revealed on Friday (27 October) that it is to bring the Wilko brand back to the high street before Christmas and roll out stores across the UK.
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NewsKrispy Kreme signs for £500,000-a-year Oxford Street flagship
Krispy Kreme has signed a 10-year lease at over £500,000 a year for a 2,783 sq ft flagship store on London’s Oxford Street, due to open next year.
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NewsItalian furniture giant agrees near-£100m takeover of ScS
London-listed sofa chain ScS will go private after accepting a £99.4m takeover by Italian furniture retailer Poltronesofà.
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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).
