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All Retail articles – Page 4
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NewsURW eyes up architects Kohn Pedersen Fox for Croydon centre revival
Retail giant Unibail-Rodamco-Westfield (URW) is in advanced talks with architect’s Kohn Pedersen Fox (KPF) to draw up a masterplan for its Croydon site, with an aim to submit a new masterplan which will include thousands of homes by 2025.
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MarketsRegional focus: London
London’s new mega neighbourhoods show that bigger is proving better when it comes to developing in the capital.
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NewsSavills to market L&G’s The Beacon shopping centre in Eastbourne for £80m
Legal & General Investment Management has appointed Savills to market the freehold of The Beacon shopping centre in Eastbourne with an £80m price tag.
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NewsJohn Lewis says real estate commitment is ‘unwavering’ despite chair’s plan to step down
The John Lewis Partnership has reiterated its “unwavering” commitment to its real estate venture following chair Dame Sharon White’s decision to step down at the end of her term.
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NewsDeadline set for Body Shop sale with buyer yet to emerge
Brazilian cosmetics group Natura & Co has set a final deadline of 23 October for interested parties to submit offers to buy The Body Shop, with a potential buyer yet to come forward.
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NewsBarnsley Council takes over struggling Alhambra Shopping Centre
Barnsley Metropolitan Borough Council has acquired the leasehold of Alhambra Shopping Centre in Barnsley, which fell into receivership in 2021.
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NewsFears tenant Nationwide is ‘overrented’ lead AEW UK REIT to sell Portsmouth asset
AEW UK REIT has sold a high-street retail asset in Portsmouth because of fears the main tenant, Nationwide Building Society, is “significantly overrented”.
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NewsLXi REIT cheered by ‘green shoots’ despite reporting valuation fall in trading update
LXi REIT pointed to “green shoots emerging” as it reported a fall in the value of its property portfolio from £3.36bn on 31 March to £3.19bn on 30 September.
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NewsFareham Council buys shopping centre for £14.25m
Fareham Council has purchased Fareham Shopping Centre and several adjoining properties on West Street from Madone for £14.25m as it moves forward with regeneration of the Hampshire town.
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NewsAllsop raises more than £102m from September auctions
Auctioneer Allsop raised £65m from the “largest residential auction in a decade” and £37.2m from commercial sales in September this year.
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NewsWilko rescue deals ‘at risk’ as buyers renegotiate rent with landlords
Two rescue deals to save more than 120 Wilko stores are reportedly hanging in the balance as the would-be buyers attempt to renegotiate rent with landlords.
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NewsApple and Tesla visionary to lead Verge Motorcycles’ global store expansion
Electric superbike company Verge Motorcycles has brought in George Blankenship, the man who brought to life Apple and Tesla’s first stores, to lead its global store expansion strategy.
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NewsGovernment announces £1.1bn fund to regenerate 55 towns
The government has announced a £1.1bn levelling-up cash injection to fund long-term development plans for 55 towns across the UK and put “funding in the hands of local people”.
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NewsDr Martens steps into new store on Oxford Street
Footwear brand Dr Martens has chosen London’s Oxford Street for its newest store amid an uptick in activity on London’s premier shopping street.
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NewsJohn Lewis chair to step down at end of term
John Lewis Partnership boss Dame Sharon White, who led the group’s first foray into real estate, is to step down after five years in the top job, making her the firm’s shortest-serving chair.
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NewsJohn Lewis planning £150m sale and leaseback of Waitrose stores
John Lewis Partnership (JLP) is reportedly planning to sell a dozen of its Waitrose stores in a sale-and-leaseback scheme aiming to raise an estimated £150m.
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NewsLegal & General’s prominent Edinburgh development put up for sale
Legal & General (L&G) is seeking offers for the former Debenhams store on Edinburgh’s Princes Street, a former flagship retail site with planning consents for a £50m redevelopment and change of use.
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NewsBPF demands changes to ‘fundamentally unfair’ empty rates relief policy
The British Property Federation (BPF) has called for empty rates relief for shops to be extended from three to 12 months, with the government consultation on the matter set to close today (28 September).
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NewsCrown Estate welcomes four flagship Regent Street stores
The Crown Estate has announced four new global flagship store lettings in Regent Street.
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NewsLeisure assets prove popular in Acuitus’ £31m September sale
An Odeon cinema in Hastings was snapped up for £250,000 above its guide price just before the start of Acuitus’s latest auction on 21 September, which raised £31.39m, with 85% of the lots offered sold.
