All Retail articles – Page 8
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NewsMSCI shows September property returns fell 2.3% year on year
UK monthly commercial real estate returns fell 2.3% year on year in September, as the value of properties dropped in every market sector, according to MSCI’s Monthly UK Commercial Real Estate Index for September.
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Heritage body urges refit not demolition of M&S Oxford Street flagship store
SAVE Britain’s Heritage is urging Marks & Spencer (M&S) to retrofit its Oxford Street building, as opposed to demolishing and rebuilding it, as part of its plans to redevelop the site.
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£5.5m Newcastle retail asset on offer at next Acuitus sale
The lot is one of seven listed with a guide price of more than £1m set to go under the hammer on 3 November
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Property bosses welcome opening of Crossrail’s Bond Street station
The property world has welcomed the open of the Elizabeth Line’s Bond Street station today, claiming it will bring a boost to developers in that area of west London.
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Manchester Arndale lands raft of new tenants
The Manchester Arndale shopping centre has announced a slew of retailers signing for space.
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Custodian REIT flips Gosforth shopping centre
Custodian REIT has turned a £9.3m profit from the sale of a shopping centre in Gosforth, Newcastle upn Tyne, which it bought a year ago for an apportioned value of £8.975m as part of its £42m acquisition of DRUM Income Plus REIT.
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SSE and Oxford Properties plan UK-wide EV charging network
SSE Energy Solutions, part of the FTSE-100 energy group, has signed an electric vehicle (EV) charging partnership with real estate investor Oxford Properties (Oxford).
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Zara signs up for British Land’s Glasgow Fort
Property giant British Land has agreed terms with Spanish fashion brand Zara to take a 37,000 sq ft store across two floors at Glasgow Fort, its retail park in the Scottish city.
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Battersea Power Station opens to public
Grade II*-listed Battersea Power Station opened its doors to the public today, beginning a five-day ‘Festival of Power’ 39 years after it was decommissioned.
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The Range spends £200m on 1.2m sq ft Stowmarket warehouse site
Retail giant The Range is paying at least £200m to acquire the freehold of a 1.2m sq ft warehouse being developed at the Gateway 14 scheme in Stowmarket, owned by Mid Suffolk District Council.
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Sovereign spends £17.6m to develop Farnborough shopping centre site
Knight Frank Investment Management (KFIM), on behalf of Local Pensions Partnership Investments (LPPI), has sold the Princes Mead shopping centre site in Farnborough to Sovereign Housing Association for £17.6m, reflecting an 8% net initial yield.
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Orion announces key lettings at Telford Centre
Owner of the Telford Centre, Orion Capital Managers, has announced a number of significant lettings, with the aim of helping footfall recover to near the levels of 2019.
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Morrisons to sell 28 stores to gain CMA approval for McColl’s takeover
Morrisons plans to divest 28 of McColl’s Retail Group’s convenience stores to a purchaser or purchasers, in a bid to get its takeover of McColl’s approved by the Competition and Markets Authority (CMA).
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Property portfolio cheers Wetherspoon despite losses
Pub firm JD Wetherspoon reported a loss of £30.4m for the year to 31 July 2022 but said its property portfolio is helping its future prospects.
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Touchwood secures over 75,000 sq ft of lettings and renewals
Touchwood shopping centre in Solihull has secured over 75,000 sq ft of lettings and lease renewables in its first year under new ownership and management.
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Landsec gets green light for MediaCity tower
Property giant Landsec has been given agreement to develop an 11-storey mixed-use tower in MediaCity, part of the Salford Quays waterside district in Greater Manchester.
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Manchester top destination for retail and hospitality, Landsec research finds
Manchester has come top in a poll for real estate giant Landsec showing the UK cities that UK retail and hospitality leaders would most like to invest or locate in.
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Westfield newsagent given nine months to pay Covid-19 rent arrears
A news kiosk operator at Westfield Stratford City has been given nine months to pay £55,000 of rent arrears, following the ruling of an independent arbitration panel tasked with reducing or upholding Covid-19-related commercial rent arrears claims.
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Retail sector struggling to hit the energy efficiency deadline
Experts predict major landlords will succeed in meeting the April deadline but smaller private investors may not.
