All Retail articles – Page 11
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Online
British Land and Norges put £750m price on Meadowhall, despite denying sale plan
British Land and Norway’s sovereign wealth fund Norges are understood to have appointed CBRE to investigate the £750m sale of its Meadowhall shopping centre in Sheffield.
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News
Raven Rose and Stonebrook London merge to form new agency
Matter.London, a specialist agency focusing on retail and leisure acquisitions, has launched following the merger of Raven Rose and Stonebrook London.
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News
Former South Wales HQ leads October auction
A landmark former headquarters building converted into a mixed-use development in the former Welsh mining town of Porth will lead Paul Fosh’s next auction on 3 October.
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News
Lidl profits hit by new store openings
Lidl swung to a £75.9m loss in the UK in its financial year to the end of February, from a £41.1m profit in the previous year, as it felt the impact of new store expansion costs, high inflation, increased staff costs and investment to maintain low prices.
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News
Watling racks up £130m of deals in first quarter since launch
Watling Real Estate, launched at the start of June in a management buyout of the real estate restructuring division of Avison Young, achieved £130m of deals in its traditional core markets and alternative sectors during its first ever quarter.
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News
Eastwood to lead Knight Frank’s retail and leisure leasing division
Knight Frank has appointed Jonathan Eastwood to lead its retail and leisure leasing division.
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News
Poundland owner agrees deal to acquire 71 Wilko stores
Poundland owner Pepco has agreed a deal to purchase 71 Wilko stores with the beleaguered budget retailer’s administrators.
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Online
Pizza Hut’s UK franchise slams crisis claims and plans growth
The boss of Pizza Hut’s major UK franchisee has hit back at claims that its restaurants are under threat of closure, claiming the firm is surging back to profits in 2023 and is ready to reignite expansion plans.
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News
Leading retailers ask Hunt to freeze business rates multiplier to save £400m
A group of 44 retail sector leaders from firms including Aldi, M&S, Boots and IKEA have written to chancellor Jeremy Hunt urging him to freeze the business rates multiplier to avoid a £400m cost increase next year.
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Online
Four & Co appoints new associate director from GCW
London-based retail and leisure property specialist Four & Co has appointed Holly Kiely as an associate director within the business, where she will be working on a mix of lease advisory and agency instructions.
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News
HMV owner’s Wilko rescue deal collapses
HMV owner Doug Putman’s rescue deal to takeover about 300 Wilko stores has collapsed.
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Online
LondonMetric sells almost £17m of assets
LondonMetric Property has sold four long-income and retail assets for £16.9m, in line with book value.
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News
Aldi scales up expansion plans as 1,000th UK store opens
Aldi has increased its long-term target for UK store numbers to 1,500, following the opening of its 1,000th supermarket, in Woking, Surrey.
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News
Lisburn retail park hits market for £4.85m
CBRE NI has been appointed to market Laganbank Retail Park in Lisburn, Northern Ireland, on behalf of an undisclosed vendor.
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Insight
Retail isn’t the answer to fill Wilko’s high street gap
Editor: Wilko, another UK high street stalwart, is teetering on the brink. News about possible rescue deals does little to reassure us that recovery for our struggling urban areas is on the horizon.
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News
52 Wilko stores set to close next week, administrators confirm
Beleaguered retailer Wilko will close 52 shops next week as negotiations over the sale of the remaining 300 stores continue
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News
John Lewis foray into BTR could result in losses of £57m
John Lewis’ foray into the property sector has left the firm “beset from all sides” according to one expert after it was reported its build-to-rent (BTR) scheme in Ealing, West London, was likely to result in losses of £57m.
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Online
Velement founder and former Hammerson MD reflects on retail, regeneration and Liverpool’s turnaround
In the latest episode of PropCast, Mark Bourgeois, founder of Velement Real Estate Advisory, former interim director of city develoment at Liverpool City Council and former managing director of Hammerson in the UK and Ireland, speaks to Montfort’s Andrew Teacher about retail, regeneration and how the city of Liverpool is ...
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News
Student housing deals outstrip retail to hit record £8.7bn in 2022
UK student housing deal volumes reached a record £8.7bn last year, exceeding retail deals for the first time ever, according to research released by MSCI.
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News
B&M agrees £13m takeover deal for 51 Wilko stores
Discount retailer B&M has agreed a £13m deal with administrators to acquire 51 Wilko stores.