Tag: Retail Property



Moderate Growth forecast for US Commercial Real Estate Market

Posted on 7 March, 2014 by Jodee Redmond under Worldwide Property News

The real estate market in the U.S. provides an insight into the health of that country's economy and, according to Lawrence Yun the chief economist for the National Association of Realtors, the fundamentals are on an upward curve. Growth is continuing... Read More

Supermarket Property Deals set £1.8bn Record

Posted on by Cliff Goodwin under Business News

Investor competition is being blamed for a 50 per cent rise in supermarket property deals last year. Between them the big five food retailers set a new record by clinching £1.8bn in land and building transactions. A report by property consultants and... Read More

Aberdeen retains lead over Edinburgh and Glasgow in Commercial Property Returns

Posted on 6 March, 2014 by Jodee Redmond under Industry News

Returns from investments in Scottish commercial property continued to improve in Q4 of 2013. Total returns in the market increased to 3.3 per cent over the period, compared with 2.3 per cent in Q3, according to the latest figures contained in the Scotland... Read More

Harris + Hoole Coffee Shop Chain to Double in Size

Posted on by Kirsten Kennedy under Business News

Coffee shop chains have become major features of high streets, shopping centres and motorway service stations in the UK, with brands such as Costa Coffee and Starbucks continually raising profits even while other retail businesses failed during the recession.... Read More

Rental Decline fails to deter Intu’s £1bn Extension Plans

Posted on 3 March, 2014 by Cliff Goodwin under Top Properties

Intu has glossed over a fall in both shops and shoppers at its 16 retail sites last year by announcing an £11m extension to its prestige Gateshead complex. It will spend another £20m upgrading its Potteries site. Britain’s biggest shopping centre... Read More

Food Retailers confirmed for Bradford Westfield Shopping Centre

Posted on by Kirsten Kennedy under Commercial Developments

Bradford’s new Westfield Shopping Centre promises to be one of the most exciting projects to hit the city in several years, with a number of retailers expressing an interest in taking up commercial space in the £260 million development. The site, located... Read More

Tesco to Cut Store Expansion in a Bid to Win Back Customers

Posted on 28 February, 2014 by Kirsten Kennedy under Business News

Tesco was once the powerhouse of the supermarket sector, with its top spot in the UK chart generally undisputed. However, as rivals Sainsbury’s and Asda have become more popular, and budget chains such as Aldi and Lidl have won consumers who like to keep a... Read More

Lloyds finances Final Phase of Openshaw Retail Development

Posted on 27 February, 2014 by Cliff Goodwin under Commercial Developments

Lloyds Bank Commercial Banking has signed a five year financing deal with Dransfield Properties to allow it to complete the final stage of a Manchester shopping complex upgrade. An 80,000 sq ft Morrisons store will anchor the Lime Square... Read More

UK Retail Sales Exceed Expectations

Posted on by Kirsten Kennedy under Economy

According to data published this week by the Confederation of British Industry (CBI), 45 per cent of retailers surveyed, claimed their sales volumes are significantly higher than those recorded a year ago, with only 8 per cent reporting a year on year... Read More

Canary Wharf Crossrail Station announces First Confirmed Retail Tenants

Posted on 26 February, 2014 by Kirsten Kennedy under Top Properties

As reported earlier this year, train stations are becoming key areas for retailers to open outlets due to the high level of passing trade and sales turnover. This has made the upcoming Canary Wharf Crossrail Station a lucrative location for many well-known... Read More