All Retail articles – Page 27
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Online
Hanover Green Retail appointed as Motcomb Street agents
Grosvenor has appointed Hanover Green Retail as sole agents for all lettings at Motcomb Street in Belgravia, central London.
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News
ICG RE spends £220m in Morrisons sale-and-leaseback deal
ICG Real Estate, part of asset manager Intermediate Capital Group, has acquired a portfolio of seven ambient, chilled and frozen distribution facilities from Wm Morrison Supermarkets for £220m.
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News
Office schemes hold key to the success of Oxford Street
Former retail spaces could be converted into offices, boosting footfall on London’s premier shopping street
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News
Acuitus lists £3.75m Luton retail land site in its final sale of the year
Land at a retail park in Luton, Bedfordshire, has been listed at a guide price between £3.75m and £4m in Acuitus’s last commercial auction of the year.
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News
Fenwick announces £430m sale of New Bond Street store
Family-owned department store group Fenwick has entered into an agreement to sell its New Bond Street store in London’s West End for £430m.
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Salboy buys Boddington brewery site for £195m mixed-use scheme
Property developer and funder Salboy has acquired the former Boddington brewery site on the northern edge of Manchester city centre for a mixed-use scheme expected to generate £195m GDV, Property Week can reveal.
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News
Maison Goyard takes Stars REI’s Mayfair site
Property investor Stars REI is leasing a 7,100 sq ft retail site in central London’s Mayfair to luxury French goods and leather trunk maker Maison Goyard for its new flagship UK store.
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AEW UK REIT spends £18.3m on Bath and Bromley retail assets
Listed-investment trust AEW UK REIT has acquired a retail asset in Bath city centre for £13m and another in the London borough of Bromley for £5.3m.
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UK retail sales slowing sharply but recovery is predicted in 2024
Annual total UK retail sales for 2022 are set to slow by 4.5% compared to 2021, to £443bn, as the economic slowdown and inflation weighs on households’ purchasing power, according to AEW Research’s 2023 European Annual Outlook report.
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News
Oxford Street set for 1m sq ft retail to office shift
Oxford Street is set to see 1m sq ft of former retail space converted to office space in the next five years, with West End experts the high street is on the brink of a “generational change”.
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Professional
Joy on the high streets as Autumn Statement cuts tax burden
Retailers to benefit from sweeping business rates changes and business rate multiplier freeze in 2023-24.
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News
Grosvenor pre-lets 21,000 sq ft Ice Factory
Marketing and trading company Javelin Global Commodities has signed a pre-let to fully occupy Grosvenor’s 21,473 sq ft Ice Factory office space near London’s Victoria coach station.
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News
Propcast: Collaboration is key to saving UK high streets, says King’s Road and Knightsbridge Partnerships boss
In the latest episode of PropCast, Steven Medway, retail veteran and chief executive of the Knightsbridge and King’s Road Partnerships – two Business Improvement Districts (BIDs) in the capital – discusses the importance of businesses working together to build a prosperous future for high streets in London and beyond.
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News
Croydon Council considers property sales as it goes bust for third time
A retail park, local libraries and community hubs may have to be sold off by Croydon Council after the local authority declared bankruptcy for the third time.
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CRICKET to launch 21,000 sq ft flagship store in Liverpool
Grosvenor has signed multi-designer retailer CRICKET for a 21,000 sq ft flagship store at its Liverpool ONE shopping centre.
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News
Plans submitted for Skegness regeneration
East Lindsey District Council is set to consult on plans to add a 136-hectare urban extension to the Lincolnshire seaside town of Skegness.
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Online
LXi bucks property sector trend as NAV nudges up in first half
LXi REIT has posted a rise in net asset value during the first half of its financial year, bucking the industry’s downward trend due to softening yields.
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Online
NTA dips at NewRiver REIT
The value of net tangible assets (NTA) at NewRiver REIT dipped 1.5% during the first half of its financial year as investment in its regeneration portfolio hit otherwise positive value gains across its retail portfolio.
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Online
GPE confirms flagship Oxford Street letting to Polish retailer
Great Portland Estates (GPE) has announced that that fashion retailer Reserved has leased a new London flagship at its 70-88 Oxford Street, as revealed by Property Week on Monday.
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News
Mixed-use Clerkenwell lot to star in Savills’ November sale
A seven-storey, mixed-use corner property in Clerkenwell, London, with a guide price of almost £11m, leads the line-up for Savills’ penultimate auction of the year on 24 November, which will include more than 180 lots across the country.