All Retail articles – Page 17
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Online
Only industrial and West End offices to see “robust rental growth” in next five years, says IPF
Industrial assets and London’s West End office market will be the only two property sectors to outperform the all- property average during the next five years, according to an International Property Forum (IPF) report.
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Insight
Shopkeepers’ Campaign’s Vivienne King on businesses thinking big in the north
It has been a momentous fortnight for those of us caught up in the mission to keep Britain’s high streets alive and kicking.
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News
Lincolnshire Co-op and Wykeland Group snap up Waterside Shopping Centre in Lincoln
Lincolnshire Co-op and developer Wykeland Group have acquired the 130,000 sq ft Waterside Shopping Centre in Lincoln from Tesco Pension Fund for an undisclosed price.
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Insight
Reed Smith’s Katherine Campbell on why something needs to give for high street rates
More than 17,000 shops closed in the UK in 2022 – nearly 50% more than in 2021.
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News
Auction success rates in first quarter at a three-year-low
Acuitus research shows drop in Q1 success rates despite 20% increase in number of lots brought to auction
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News
Sovereign Centros wins outline approval to revamp Glasgow’s St Enoch centre
Property developer and asset manager Sovereign Centros has secured outline planning approval to redevelop The St Enoch Centre in Glasgow as a mixed-use scheme including offices, cultural space, a hotel and housing.
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News
Pets at Home set to open 40 new stores
Pet care and veterinary services group Pets at Home said it planned to invest in 40 new stores in the medium term, as it announced record sales of £1.4bn for the year to 30 March.
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News
Asda to acquire EG Group’s UK petrol stations and stores in £2.27bn merger
Asda Group has acquired business EG Group’s UK and Ireland 350-plus petrol filling stations and 1,000 food-to-go convenience stores in a £2.27bn merger deal.
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News
Manchester City scores new club shop at Arndale
Manchester City has capped off its Premier League title win by unveiling a new club shop opening inside Manchester Arndale shopping centre.
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Online
CapReg shows improvement but footfall remains below pre-Covid levels
Shopping centre group Capital & Regional saw footfall during the four months to the end of April rise 4.8% compared to 2022, but it remains below pre-pandemic levels.
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News
M Core acquires second Southport retail park in space of two weeks
Privately held commercial property portfolio M Core has acquired Ocean Plaza in Southport, one of the North West town’s largest retail and leisure parks.
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Online
GPE boss Courtauld boasts stronger annual performance than Landsec and British Land
Great Portland Estates chief executive Toby Courtauld has claimed a strong set of annual results after the group’s valuation losses were lower than at rivals Landsec and British Land.
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Online
LondonMetric agrees £200m takeover of CT Property Trust
LondonMetric has agreed a deal to buy rival CT Property Trust (CTPT) for £198.6m.
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News
LCP buys major Southport retail park
LCP, a commercial property and investment firm that is part of M Core, has snapped up Central 12, a large shopping park on the outskirts of Southport and is seeking further acquisitions.
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News
Bond Wolfe flogs Edgbaston property for £1.22m at May auction
A total of 146 lots sold at Bond Wolfe’s May auction, including a property with development potential in Edgbaston, Birmingham, which was snapped up for £1.22m as it went on the market for the first time.
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News
Wilko considers entering CVA
Value retailer Wilko is reportedly considering entering a company voluntary arrangement to cut costs.
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Online
Godwin submits planning for mixed-use Wisbech scheme
Godwin Developments has submitted an outline planning application for a range of commercial uses for its 9.5-acre site in Wisbech, Cambridgeshire.
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Online
Ediston considers sale and merger options as NAV suffers sharp fall
Ediston Property Investment is considering a sale or merger of the business, after it posted a 15.3% fall in net asset value (NAV) for the six months to the end of March.
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News
British Land ‘open’ to disposing of its shopping centre portfolio
Chief finance officer says the group is focused on a surging retail park market ahead of ‘non-core’ centres.
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Online
British Land posts £1bn annual loss as valuations slump 12%
British Land has posted a swing of almost £2bn from profit to loss as macroeconomic factors hit property values.