Retail news – Page 10
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OnlineNewRiver to spell out growth opportunites to investors
NewRiver REIT will claim an “excellent operational performance” at its annual general meeting today (26 July), with chief executive Allan Lockhart set to highlight rises in occupancy and rent collection.
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NewsNorthern Irish investment plummets 77% in Q2
Investment in Northern Irish commercial property fell 77% in Q2 2023 compared to Q1, which was the busiest quarter since the pandemic.
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NewsPalace Capital offloads £12m Liverpool offices to Medicash
Liverpool-based health insurer Medicash has acquired a five-storey mixed-use property in Liverpool city centre from Palace Capital for £12m.
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NewsGreggs opens first London airport site in bid to hit 150 new stores this year
Greggs today opened a 1,600 sq ft shop in Gatwick Airport’s South Terminal - its first airport site in London and seventh UK airport location.
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NewsRLAM sells Preston retail and leisure park for £51.5m
Royal London Asset Management (RLAM), on behalf of The Royal London UK Real Estate Fund, has sold the Capitol Retail and Leisure Park in Preston, Lancashire, to British Land for £51.5m.
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NewsM&S CEO brands Gove’s decision as ‘utterly pathetic’
Michael Gove’s decision to refuse planning permission to demolish and rebuild M&S’s flagship store on London’s Oxford Street has been branded as “utterly pathetic” by the retail company’s chief executive.
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NewsGove refuses rebuild of flagship Oxford Street M&S
M&S has been refused planning permission to demolish and rebuild its flagship store on London’s Oxford Street as a 10-floor retail and office block.
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NewsCushman & Wakefield promotes Bouvet
Cushman & Wakefield has appointed Dominic Bouvet as regional managing partner for London and the South East.
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NewsAmerican candy stores turned into rent free shops on Oxford Street
Fresh plans to entice new retailers back to Oxford Street by offering shops previously occupied by American-style candy stores to small businesses rent-free.
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NewsFresh plans to give Oxford Street a ‘much-needed facelift’ revealed
Plans have been unveiled for a major rejuvenation of Oxford Street to give the world-famous London retail destination a “much-needed facelift” .
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NewsQ2 property investment drops to levels not seen in over a decade
Property investment activity dropped in Q2 with just £7.5bn of property assets changing hands, representing a 10% decrease on Q1’s already subdued out-turn, according to a report by Lambert Smith Hampton (LSH).
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NewsGalliard leads conversion of Basildon Debenhams to health centre
Developer Galliard Homes is leading a consortium to convert a vacant former Debenhams store in Basildon into a health centre providing both NHS and private services.
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OnlineBritish Land updates investors ahead of AGM
British Land’s Simon Carter has told investors the group continues “to see strong operational momentum” ahead of his presentation at the annual general meeting today.
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NewsLCP purchases Weavers Wharf Shopping Park from Nuveen Real Estate
Property and investment company LCP has acquired Weavers Wharf Shopping Park in Kidderminster, Worcestershire, for an undisclosed sum from Nuveen Real Estate.
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OnlineSupermarket Income REIT receives second tranche of cash from Sainsbury’s portfolio sale
Supermarket Income REIT has received the second tranche of cash from the sale of its interest in the Sainsbury’s Reversion Portfolio (SRP).
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NewsTouchwood Shopping Centre signs trio of fashion brands
Three major fashion brands have signed undisclosed deals to set up shop in Touchwood Shopping Centre in Solihull.
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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.
