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All Retail articles – Page 9
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NewsCommercial real estate capital values dip in June
Commercial real estate values dipped 0.3% in June 2023, cancelling out the effects of a rise seen since April, according to the latest CBRE UK Monthly Index.
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NewsThe White Company set up shop at Northern Ireland’s Victoria Square
Lifestyle brand The White Company is set to open its first store in Northern Ireland after closing a deal to join Belfast’s Victoria Square shopping centre.
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NewsLondonMetric sells five assets for £43m
LondonMetric has exchanged on the sale of five assets for £42m, reflecting a net initial yield (NIY) of 4.5%. The combined sales are in line with the 31 March 2023 book value.
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NewsRetail mix changes as leisure and F&B dominate over clothing
Traditional retail city centre and shopping centre mainstays such as clothing and footwear are declining as leisure and food and beverage (F&B) businesses move in, according to data revealed by location specialist CACI’s platform Brand Dimensions.
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NewsInterest in UK operational real estate has ‘never been higher’
The UK’s OPRE market poses an opportunity for investors as its total value is set to reach more than £750bn.
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NewsHigh Court approves Fitness First restructuring plan
The High Court has approved a controversial restructuring plan proposed by gym operator Fitness First, which will see rents slashed at dozens of its UK sites.
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NewsJD signs for Epsom’s Ashley Centre
CBRE Investment Management (CBRE IM) has signed sports fashion retailer JD for a 4,453 sq ft unit at the Ashley Centre in Epsom, Surrey.
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NewsSamsonite signs five-year lease for 4,687 sq ft Oxford Street unit
Premium luggage brand Samsonite has signed a five-year lease for a 4,687 sq ft unit in Oxford Street.
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OnlineHammerson to transform car parks with daredevil circuses over summer
Hammerson is set to roll out pop-up circus and a range of entertainment across its retail centre car park space in what will be a first in the property sector.
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OnlineBoots to close 300 UK stores
High street chemist chain Boots is to close 300 branches across the UK over the next year.
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NewsNewRiver disposes of the Napier JV’s remaining retail parks for £63m
Regional shopping centre group NewRiver REIT has completed the disposal of Kittybrewster Retail Park in Aberdeen and Glendoe and Telford Retail Parks in Inverness for £62.6m to RI UK 1 Limited.
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NewsUrban Splash selected to lead regeneration of Sheffield’s historic Cole Brothers building
Regeneration specialist Urban Splash has been selected as the preferred bidder to transform the former Cole Brothers building in Sheffield city centre into a mixed-use development.
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NewsCustodian Property Income REIT sells high-street shop
Custodian Property Income REIT has sold a high-street shop in Bury St Edmunds at auction for £850,000, in line with the 31 March 2023 valuation.
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NewsScottish shopping centre sold out of administration
A Scottish shopping centre has been sold out of administration as a going concern to a joint venture between Belgate Estates and Tracey Investmtents.
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NewsStaffordshire hospice drafts in Burley Browne to lead 15-unit charity shop expansion
St Giles Hospice in Staffordshire has instructed property consultant Burley Browne to find new sites to expand its network of charity shops across the West Midlands.
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OnlineHotel Chocolat plans out-of-town growth despite profit warning
Premium chocolate retailer Hotel Chocolat said it is planning to open five more stores in retail parks by the end of 2023, as part of its ambitions to open 50 new stores over the next three years, despite issuing a profit warning.
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OnlineEllandi lands asset management role at Leicester’s Highcross centre
Ellandi has been appointed as strategic asset manager at the Highcross Shopping Centre in Leicester.
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NewsAres agrees £300m refinancing of central London assets
Ares Management Corporation’s European real estate debt team has provided a £300m senior loan to refinance two high-profile central London assets: Burberry’s global flagship store at 21-23 New Bond Street, and the 601-room, four-star Hilton London Kensington hotel.
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OnlineNuveen to sell Soho Wharf
Global investment manager Nuveen has appointed CBRE to sell Soho Wharf, its mixed use scheme on London’s South Bank.
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NewsTown centre plans approved at 1,500-home Hertfordshire garden village
Planning approval has been granted for a £500m town-centre scheme with 250 homes in Cheshunt, Hertfordshire, to sit alongside a proposed 1,250-home garden village.
