All Retail articles – Page 7
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News
‘Majority’ of Wilko stores to close as administrators fail to find buyer
The majority of Wilko stores will close after administrators failed to find a buyer willing to take over the budget retail high-street giant.
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News
Wilko reportedly sold flagship warehouse for £40m below true value
Financially troubled budget retailer Wilko sold its flagship depot for £48m only for it to reportedly be flipped by its new owner for £88m just two months later, it has emerged.
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News
Redevco builds up assets and development management team
Regeneration specialist Redevco has strengthened its asset and development management team with a trio of promotions and new appointments.
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News
Discount stores in out-of-town retail space grab
Discount grocers and value homeware brands dominated new store openings on out-of-town retail retail parks in the first half of 2023, according to a report by Savills.
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News
DTZ Investors bags Islington Sainsbury’s for £56m
DTZ Investors has paid Lothbury £56.25m for a Sainbury’s store in Islington, north London, reflecting a net initial yield of 4.4%, and said it is on the lookout for further supermarket investments.
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News
European investor pays £30m for prime Edinburgh office and retail block
French investor Remake Asset Management has bought a prime office and retail block on Princes Street in Edinburgh for £29.525m from Redevco.
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News
Rival discount retail giants consider Wilko swoop following administration
Rival discount retail giants are reportedly considering swooping in to acquire Wilko after it collapsed into administration.
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News
Wilko collapses into administration
Budget retailer Wilko has collapsed into administration, putting over 12,000 jobs and dozens of its outlets at risk, after an attempted rescue deal failed.
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News
Capital & Regional posts strong results and acquires The Gyle Shopping Centre
Capital & Regional, the UK-focused REIT with a portfolio of in-town community shopping centres, has achieved 42 new lettings and renewals at a combined average premium of 5.7% to previous rent during the half-year to 30 June.
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News
Custodian Property Income REIT reports rental growth
Custodian Property Income REIT (CPI) has revealed in its latest quarterly trading update that rental growth supported fully covered dividends and stable values in the period ending on 30 June.
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News
LondonMetric boosts value of portfolio with CTPT acquisition
LondonMetric has completed the acquisition of CT Property Trust (CTPT), increasing its portfolio value to £3.2bn and generating £160m of rental income per year from a diversified occupier base.
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News
M&S pumps £13m of investment into North East as it begins Newcastle store redesign
M&S is set to start work on redesigning and updating its Northumberland Street store in Newcastle this month as part of £13m of investment in its 21 stores across the North East.
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News
Wilko set to call in administrators
Wilko has filed a notice of intention to appoint administrators as the discount retailer continues to struggle financially.
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News
Shaftesbury Capital sees strong momentum post-merger for H1
Newly formed Shaftesbury Capital has reported that trading conditions across its West End locations are “positive” with “high footfall and customer sales now tracking 15% ahead of 2019 levels”.
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Insight
Could rent-free initiatives help revive struggling high streets?
Rent waivers in Dorset helped new brands grow into profitable tenants, a trick to be retried on Oxford Street.
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News
Historic Truman Brewery set for office-led redevelopment as legal fight fails
Long-contested plans to convert an historic east London brewery into an office-led mixed-use development are finally set to move forward after an appeal court judge ruled in favour of the scheme.
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News
More stores could close as House of Fraser boss brands department stores ‘broken’
The owner of House of Fraser has warned it could close more large stores as he declared that the “department store globally is broken”.
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Online
Gagné says Value Retail stake not a ‘long-term hold’ for Hammerson as group eyes sale
Hammerson has given its strongest signal yet that it is preparing to sell its stake in Value Retail, Property Week can reveal.
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News
Greater Manchester Pension Fund sells two London retail assets for £21.9m
Greater Manchester Pension Fund has sold two retail properties in West London for a combined value of £21.9m
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News
Lego Group to open second Irish store this autumn
The Lego Group is to open its second store in Ireland with the launch of a new location at Blanchardstown Shopping Centre in Dublin later this year.