Retail news – Page 7
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OnlineNTA slumps at Supermarket Income REIT despite soaring rental income
The value of net-tangible assets (NTA) at Supermarket Income REIT slumped 19% in the year to the end of June, the company has revealed in its annual results.
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NewsWaterstones owner poised for The Body Shop takeover
Waterstones owner Elliott Advisers is reportedly working towards a takeover of The Body Shop.
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OnlineCommercial property transactions plummet 73% but retail and leisure offer ‘silver lining’
Commercial property transactions fell 67% in the past six months, while the total value of commercial deals plunged 73% to £3.7bn, research from Sirius Property Finance has revealed.
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OnlineBritish Land upgrades retail park rental growth estimate
British Land has upgraded its forecasts for rental growth in it retail park portfolio from between 2% and 4% to between 3% and 5% in response to demand for space.
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OnlineBritish Land and Norges put £750m price on Meadowhall, despite denying sale plan
British Land and Norway’s sovereign wealth fund Norges are understood to have appointed CBRE to investigate the £750m sale of its Meadowhall shopping centre in Sheffield.
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NewsThe Conran Shop opens new London flagship store in Sloane Square
The Conran Shop has opened a new flagship store in London’s Sloane Square.
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NewsRaven Rose and Stonebrook London merge to form new agency
Matter.London, a specialist agency focusing on retail and leisure acquisitions, has launched following the merger of Raven Rose and Stonebrook London.
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NewsFormer South Wales HQ leads October auction
A landmark former headquarters building converted into a mixed-use development in the former Welsh mining town of Porth will lead Paul Fosh’s next auction on 3 October.
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NewsLidl profits hit by new store openings
Lidl swung to a £75.9m loss in the UK in its financial year to the end of February, from a £41.1m profit in the previous year, as it felt the impact of new store expansion costs, high inflation, increased staff costs and investment to maintain low prices.
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NewsWatling racks up £130m of deals in first quarter since launch
Watling Real Estate, launched at the start of June in a management buyout of the real estate restructuring division of Avison Young, achieved £130m of deals in its traditional core markets and alternative sectors during its first ever quarter.
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NewsEastwood to lead Knight Frank’s retail and leisure leasing division
Knight Frank has appointed Jonathan Eastwood to lead its retail and leisure leasing division.
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OnlinePizza Hut’s UK franchise slams crisis claims and plans growth
The boss of Pizza Hut’s major UK franchisee has hit back at claims that its restaurants are under threat of closure, claiming the firm is surging back to profits in 2023 and is ready to reignite expansion plans.
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NewsPoundland owner agrees deal to acquire 71 Wilko stores
Poundland owner Pepco has agreed a deal to purchase 71 Wilko stores with the beleaguered budget retailer’s administrators.
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NewsLeading retailers ask Hunt to freeze business rates multiplier to save £400m
A group of 44 retail sector leaders from firms including Aldi, M&S, Boots and IKEA have written to chancellor Jeremy Hunt urging him to freeze the business rates multiplier to avoid a £400m cost increase next year.
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NewsHMV owner’s Wilko rescue deal collapses
HMV owner Doug Putman’s rescue deal to takeover about 300 Wilko stores has collapsed.
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OnlineLondonMetric sells almost £17m of assets
LondonMetric Property has sold four long-income and retail assets for £16.9m, in line with book value.
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OnlineFour & Co appoints new associate director from GCW
London-based retail and leisure property specialist Four & Co has appointed Holly Kiely as an associate director within the business, where she will be working on a mix of lease advisory and agency instructions.
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NewsAldi scales up expansion plans as 1,000th UK store opens
Aldi has increased its long-term target for UK store numbers to 1,500, following the opening of its 1,000th supermarket, in Woking, Surrey.
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NewsLisburn retail park hits market for £4.85m
CBRE NI has been appointed to market Laganbank Retail Park in Lisburn, Northern Ireland, on behalf of an undisclosed vendor.
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News52 Wilko stores set to close next week, administrators confirm
Beleaguered retailer Wilko will close 52 shops next week as negotiations over the sale of the remaining 300 stores continue
