All Retail articles – Page 16
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Online
EE launches Westfield flagship to kickstart experiential store roll-out
BT-owned mobile network provider EE opened its flagship The EE Studio, a 4,230 sq ft experiential retail outlet, at Westfield White City in London last Friday (16 June).
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News
CVA could cost Wilko landlords three years’ rent
Landlords of retailer Wilko potentially face losing out on rent for three years if a mooted company voluntary arrangement (CVA) goes ahead.
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News
John Lewis property director to step down
John Lewis Partnership (JLP) has announced that Chris Harris, the property director who set up its build-to-rent (BTR) business, is leaving the firm in November.
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News
Wilko CVA moves closer with CBRE appointment
Wilko has hired property agent CBRE as it prepares for potential negotiations with landlords about cutting rents across its stores as part of a company voluntary arrangement (CVA) , Property Week understands.
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News
Asda closes in on £650m property portfolio sale
Supermarket giant Asda is reportedly closing in on a deal worth £650m to sell off part of its property portfolio.
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News
US firm bags pair of Capreon retail parks for £175m
Capreon has sold a pair of retail parks in Bristol and Fife to US-based Realty Income Corporation in a £175m deal.
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News
Schroders REIT outperforms peers despite 18.9% NAV drop
Schroder Real Estate Investment Trust (REIT) has reported above average income return and a sector-beating 14% rise in its dividend, despite an 18.9% drop in net asset value (NAV).
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News
Co-op’s Manchester HQ up for sale
The Co-operative Group (Co-op’s) Manchester HQ has been put on the market seeking offers in the region of £165m.
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News
Mare Street Market signs second biggest King’s Cross estate deal
King’s Cross in London is set to become home to the second Mare Street Market after striking the estate’s second largest retail deal to date for an 18,000 sq ft retail, dining, co-working and bar concept.
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News
Franco Manca and The Real Greek plan expansion after sale approved
Shareholders in Fulham Shore, owner of the Franco Manca and The Real Greek casual dining chains, have approved the £93.4m sale of the business by Japanese food conglomerate Toridoll, saying that the deal will better enable the brands to achieve their growth potential.
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News
Buoyant Cadogan’s estate value tops £5bn
Cadogan family’s estate has risen in value to over £5bn in a buoyant annual results performance.
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News
LXi REIT sells St Albans retail park to UK pension fund for £31m
LXi REIT has sold a St Albans retail park to a UK pension fund for £31m, equating to a net initial yield of 4.7%.
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News
Fitness First restructuring plan could send ‘disastrous shockwaves across letting market’
Beleaguered health club firm Fitness First’s restructuring plan to close gyms and cut rents on its remaining sites could be “disastrous” and “send shock waves across the retail and leisure letting market”, according to legal experts.
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News
Apple to open new store at Battersea Power Station
Apple is to open a major new store at Battersea Power Station next to its 500,000 sq ft headquarters at the landmark redevelopment.
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Online
Net tangible assets slump 15.1% at LXi following Secure Income REIT merger
The value of net tangible assets (NTA) at LXi REIT slumped 15.1% in the year to the end of March to 121.1p per share, compared to 142.6p a year earlier.
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Professional
Q&A: Five minutes with Chris Jukes, director of retail and leisure complex Liverpool ONE,
Chris Jukes, director of retail and leisure complex Liverpool ONE, on how he got started in property, his top TV and podcast picks, his best and worst purchases and his number-one travel destination
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Insight
View from the top: Alicia Thompson, chief executive of Kick Game
The chief executive of trainers reseller Kick Game tells Property Week about the firm’s property plans, the direction of high-street retail and her top advice for shopping centre landlords.
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News
This week in… 2019
Intu voted against rescue plans from Sir Philip Green for his troubled Arcadia Group, Property Week reported after speaking to sources close to the retail landlord.
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News
Sovereign Centros growth leads to four appointments
Shopping centre developer and asset manager Sovereign Centros has announced four appointments following significant growth in business in the first half of the year.
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Online
NewRiver outperforms retail market as occupancy recovers to five-year high
Regional shopping centre group NewRiver REIT outperformed the wider retail market in the year to the end of March as the firm claimed the sector’s recovery was now in full swing.