Retail news – Page 4
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NewsCBRE appoints Savill’s Proudley as head of northern retail
CBRE has appointed Savills retail team director Stephen Proudley as an executive director and head of northern retail as it seeks to grow is presence in the region.
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NewsBrewDog boss slams council and developer over ‘delayed’ Durham bar opening
The boss of brewery and pub chain BrewDog has taken aim at Durham County Council and joint venture developer The Arlington Real Estate and Richardson over delays in opening a bar, which he claims have now stretched beyond 12 months.
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NewsLandsec looks to prime retail for new opportunities as it reports £193m loss
Landsec is “looking for opportunities to deploy further capital” with a particular focus on prime retail, chief executive Mark Allan said today after the firm posted a £193m loss for the half year ended 30 September.
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OnlineIKEA owner buys Brighton shopping centre for around £150m
The business behind retail giant IKEA is understood to have paid fund manager abrdn £145m for Brighton’s main shopping centre, Churchill Square.
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NewsFreehold industrial lots to take centre stage at BidX1’s next sale
A freehold warehouse building on a site with development potential in Hillsborough, South Yorkshire, with a guide price of £900,000-plus, will be the top-priced lot in online auctioneer BidX1’s 23 November sale.
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NewsRegional REIT reports robust Q3 despite office market headwinds
Regional REIT achieved a high tenant retention rate for Q3, with 73.2% of units up for renewal let to the same tenants at an average 6.2% rise in rental income, its trading update for the quarter said.
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NewsGalliard and City Developments JV buys massive Morden Wharf site
Mixed-use developer Galliard Homes has acquired the 13.8-acre Morden Wharf site in London’s Royal Borough of Greenwich to develop around 1,500 homes, in a joint venture with City Developments Limited (CDL), Property Week can reveal.
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NewsM Core acquires multi-retail centre portfolio for £35m
M Core has completed the acquisition of a multi-retail centre portfolio, comprising eight retail parks and convenience stores, for £35m as part of its expansion drive.
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NewsLondon Property Alliance urges government to remove VAT from retrofits
The London Property Alliance (LPA) has called on the government to remove VAT for retrofitting projects - one of a raft of measures it said it would like to see introduced in the Autumn Statement.
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NewsUK Commercial Property REIT and Picton in merger talks
UK Commercial Property REIT (UKCM) is in discussions with Picton Property Income regarding a possible all-share merger, which would create a company with net assets of around £1.6bn and a portfolio worth around £2bn.
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NewsSigna’s financial woes could trigger Selfridge sale
The ownership of iconic London department store Selfridges has been plunged into doubt after co-owner Signa Group fell into financial crisis.
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NewsIndustry could be on the ‘cusp’ of a serious downturn in demand
There is a sense the industry could be “on the cusp of a serious downturn in demand across the markets”, Gareth Lewis, PwC director, said during a webinar yesterday to launch the firm’s joint report with the Urban Land Institute (ULI) titled ’Emerging Trends in Real Estate Europe’.
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NewsM&S to open record number of stores this month in £80m investment
M&S is set to open a record nine stores this month in an £80m investment in bricks-and-mortar retail.
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NewsCBRE boosts asset management strength with Sovereign Centros acquisition
Commercial real estate firm CBRE has acquired asset and development manager Sovereign Centros.
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NewsLondonMetric completes £24.5m of non-core sales
FTSE 250-listed REIT LondonMetric Property has sold four offices and two long-income assets in separate transactions for a combined £24.5m.
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NewsWill new landmark law really level up left-behind places?
Experts say ‘significant time and work’ are still required before the provisions in LURA come into effect.
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NewsAsda Group completes £2bn EG Group acquisition
Asda Group has completed the acquisition of EG Group’s UK business for an enterprise value of £2.07bn.
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NewsEight split from Avison Young to form retail advisory practice
A group of eight leading retail warehouse agents have left Avison Young to set up a new advisory practice called Park Place Retail, Property Week can reveal.
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NewsHines and Peterson Group secure €80m loan for Dublin Central Plaza fit-out
A joint venture between Hines and Peterson Group has secured an €80m (£69.9m) senior loan from global alternative asset manager Cheyne Capital to fund fit-out works at the mixed-use Central Plaza scheme in Dublin and to refinance an existing facility.
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OnlineWest End prime office rents could hit £300/sq ft by December 2024, claims BNP
BNP Paribas Real Estate has predicted that super prime office rents in London’s West End could hit £300/sq ft by December 2024, as demand continues to outstrip constrained supply.
