Tag: Retail Property



Leeds Bramley Shopping Centre Sold

Posted on 12 August, 2014 by Kirsten Kennedy under Commercial Sales and Lets

With returns from retail assets hitting a five year high, a number of high-profile deals have recently been completed. One of the latest is the acquisition of Bramley Shopping Centre by Rockspring Property Investment Managers. The west Leeds shopping... Read More

High Street Sales rise in July

Posted on 11 August, 2014 by Kirsten Kennedy under Economy

The recession remains fresh in the minds of high street retailers, and the recent stagnation of sales has proved worrying for many. However, July saw a comfortable bounce back with the BDO’s monthly High Street Sales Tracker recording a 1.7 per cent like... Read More

Improving Retail Performance boosts Commercial Property Returns

Posted on 8 August, 2014 by Neil Bird under Industry News

The retail market saw returns hit a five-year high during Q2 as consumer spending drives the resurgence in values. Returns jumped from 2.6% during Q1 to 4.3%, according to the latest IPD UK Quarterly Property Index. During the same period, capital values... Read More

Canary Wharf Group considers Round the Clock Retail Trading

Posted on 5 August, 2014 by Kirsten Kennedy under Business News, Top Properties

As consumers continue to spend following several years of recession, retailers and groups within the industry are seeking ways in which to capitalise on this upturn by boosting footfall levels and dwell times. This could see shops and bars in Canary Wharf... Read More

Supermarket expansion hits Six Year Low

Posted on by Kirsten Kennedy under Commercial Developments

The number of applications for new supermarket space in the UK has now fallen to the lowest level seen since the start of the financial crisis, with only 15.22 million sq ft of shop space currently proposed by the grocery market. According to property... Read More

NAMA asking €110m for Retail Park Portfolio

Posted on 3 August, 2014 by Cliff Goodwin under Commercial Developments, Commercial Sales and Lets

Ireland’s National Asset Management Agency (NAMA) has put a €110m (£87m) price tag on a package of five out-of-town shopping centres it is offering for sale. The retail parks portfolio is the first to be sold as a single lot by the agency and... Read More

Diversification of Tenant Mix helps Intu to Strong First Half

Posted on 1 August, 2014 by Kirsten Kennedy under Business News, Top Properties

As consumer confidence continues to grow, shopping centre owners are benefiting from a boom in spending and an increase in retail tenants looking to expand their store portfolios. This has seen Intu Properties enjoy a successful first half, with revenues and... Read More

Fortnum & Mason plans Heathrow take-off

Posted on 29 July, 2014 by Kirsten Kennedy under Top Properties, Uncategorised

Fortnum & Mason has long been established as a high quality retailer with a tradition of serving well-heeled customers including members of the Royal family. Last year, in a bid to expand on its history, Fortnum & Mason opened its first new... Read More

Would “Tesco Tax” benefit the High Street?

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

The issue of business rates remains one of the most contentious in the retail industry, with claims that the commercial property levy was a key reason for soaring shop vacancy rates during the recession. However, under a new proposal by Derby City Council,... Read More

Caddick Construction begins work on Leeds Core Shopping Centre Revamp

Posted on by Kirsten Kennedy under Commercial Developments

As shopping centre redevelopments continue to grow throughout the UK, local developers and construction firms are increasingly becoming more able to reap the rewards of multi million pound projects. This has been the case for Yorkshire based Caddick... Read More