All Retail articles – Page 4
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NewsShop vacancy rates falling but BRC warns on rate rise
Shop vacancy rates fell to 13.9% in the third quarter of 2022, 0.1 percentage points better than Q2 and 0.6 percentage points better than the same period last year.
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News
SRE acquires 55,000 sq ft Aberdeen office investment
Standard Real Estate (SRE) has acquired Caledonian House, a 55,000 sq ft office building in Aberdeen, for an undisclosed sum.
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Online
Shaftesbury enjoys strong festive period as it awaits CMA decision on Capco merger
Shaftesbury has told investors it enjoyed “buoyant trading” during the festive period ahead of its proposed merger with Capital & Counties (Capco).
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News
TK Maxx signs leases for two new stores in Watford and Workington
Discount fashion and lifestyle retailer TK Maxx has announced it is opening stores in Watford and Workington this summer.
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News
PDSE buys east London mixed-use scheme for £12m
Asset manager and investor Addington Capital has sold a mixed-use scheme in east London to developer Property Development Solutions Europe (PDSE) for £12m.
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Insight
Rates revaluation is a boost for retail
It is welcome news that M&S is planning a £480m investment across its UK stores, generating, as reported, more than 3,400 jobs and opening five new full-service stores: in Leeds White Rose, Liverpool One, the Bullring Birmingham, Manchester Trafford Centre and Lakeside Thurrock.
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News
Climbing experience signed for Landsec and Invesco’s Wandsworth shopping centre
Indoor climbing concept Parthian Climbing is to open a 25,000 sq ft operation at Landsec and Invesco’s Southside Shopping Centre in Wandsworth.
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News
Hammerson hosts Sandbox VR at Birmingham shopping centre
Virtual reality firm Sandbox VR has selected Bullring & Grand Central, Birmingham’s largest shopping centre owned by property giant Hammerson, for its largest site and first UK location outside London.
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News
Welsh shopping mall gets green light for business centre makeover
Mercia Real Estate (MRE) has been given the green light to change the use of the former Festival Park shopping centre in Ebbw Vale, Wales to an employment-led business centre.
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Online
GAIL’s opens Manchester site in northern expansion
Artisan bakery GAIL’s has signed a 10-year lease with DTZ Investors to open its first Manchester outlet, taking 3,847 sq ft at 16-18 King Street, following the launch of its first northern England site in Wilmslow.
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Online
Bravissimo hires Four & Co to advise on property deals
Lingerie group Bravissimo has appointed adviser Four & Co to work on property deals as it looks to grow across the country.
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News
ZARA and Goldsmiths take space at Bath’s SouthGate
British Land and Aviva Investors have signed 37,000 sq ft of space to Spanish fashion retailer ZARA and jeweller Goldsmiths at their jointly owned SouthGate shopping centre in Bath, Somerset.
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Markets
A northern retail powerhouse
Fenwick’s £40m refurb is just one of several Tyne & Wear retail revivals.
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Insight
Retail faces sharp downturn in 2023
Marks & Spencer and Tesco are the latest in a list of major high-street stores that reported better-than-expected sales over the Christmas period. Bricks-and-mortar retailers had taken a bit of a battering in the months prior as inflation hit and rolling industrial strikes affected footfall, so a positive result over ...
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News
Godwin signs up Wendy’s for first UK drive-through
Godwin Developments is to add the first UK drive-through outlet for burger chain Wendy’s at its purpose-built roadside retail development Brampton Hut Services in Huntingdon, Cambridgeshire.
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News
Hammerson unveils plans for major office overhaul of Birmingham John Lewis
Hammerson has submitted plans to turn the former John Lewis store in Birmingham’s Grand Central shopping centre into a major office development.
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News
Landsec set to line up former Debenhams chair as next chairman
Development giant Landsec looks set to announce former Debenhams chair Sir Ian Cheshire as its next chairman.
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News
Stetson to make UK debut at Shaftesbury’s Seven Dials
Heritage hat brand Stetson has signed a deal with West End landlord Shaftesbury to open its debut UK store at 58 Neal Street in Seven Dials, central London.
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Online
Supermarket Income REIT takes additional £196m stake in Sainsbury portfolio
Supermarket Income REIT has paid £196m for British Airways Pension Trustees’ 25.5% stake in the Sainsbury’s Reversion Portfolio (SRP) .
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Online
GPE achieves record annual lettings after just nine months
Great Portland Estates has beat its annual leasing record after just nine months of its financial year.
