Leading regional shopping centre owner and operator intu claims that the excessive level of Business Rates deters retailers from expanding and curtails investment by owners of retail property. In response to the Chancellor’s Business Rates review,... Read More
Guernsey based UK Commercial Property Trust (UKCPT) has disposed of 176-206 Kensington High Street and a retail asset in Brighton for a combined sum of over £80 million. The Kensington asset, comprising 57,000 sq ft of ground floor retail space and... Read More
LondonMetric has reported a 27 per cent leap in profits on the back of a strong portfolio performance in the year ended 31 March. The retail and distribution property specialist saw profits jump from the 2014 total of £125.3 million to a whopping... Read More
A new survey forecasts that retailers could well be celebrating their best performance in 27 years next month - news that could have beneficial implications for the commercial property industry. According to the Confederation of British Industry (CBI),... Read More
As Tesco continues to suffer from the fallout created by the supermarket price war and the write down in value of its UK property values, Chief Executive Dave Lewis has to make a series of increasingly tough decisions to return group finances to the black.... Read More
Intu Properties has today released a trading update that reports an improvement in the letting market and in overall performance at centre level. The latest results, following the firm’s annual general meeting (AGM,) show that its current strategy is... Read More
The reining in of new store openings and closure of many established stores has had a hugely negative effect upon numerous regional shopping centres, with Runcorn Shopping Centre being particularly hit by the losses of Tesco, B&Q and Homebase in the past... Read More
Lambert Smith Hampton has announced the acquisition of leading retail property consultant Tushingham Moore. Tushingham Moore is an established practice which represents a range of retailers, developers, institutions and private investors throughout the... Read More
Although analysts have recently forecast an upturn in Tesco’s fortunes, the group’s annual trading results released today reveal that the supermarket giant suffered the worst year in its history, having posted a mammoth pre-tax loss which necessitated a... Read More
As Sainsbury’s continues to fall further behind main rival Tesco in terms of sales, executives face the challenge of more effectively utilising selling space. Along with cutting back on new large format openings in order to focus on the expansion of its... Read More
