Communist or former communist states are proving the hungriest when it comes to developing western-style shopping malls — with China leading the pack with almost 19 million sq ft of retail space under construction. According to the international real... Read More
As shopping centres throughout the country continue to sign up for renovations designed to attract new retailer tenants, one Chester complex has already found its initiative to be a success before work has even begun. Both TK Maxx and Sports Direct have... Read More
Plans for the redevelopment of Wolverhampton’s Mander Centre have been recommended for approval. Should the £30 million project go ahead, it will see a large portion of the centre which was previously occupied by TJ Hughes demolished. In its place, a... Read More
Sheffield Council is spending £55m of its own money in an attempt to salvage the city’s doomed new Retail Quarter. The £400m project suffered a major blow last year when developer Hammerson pulled out of the shopping centre scheme. The council cash... Read More
IKEA — the world's largest furniture retailer — is preparing to open its first shopping mall in China as part of a £952m shift in its Asian retail strategy. Two more shopping centres will follow next year. The Swedish furniture chain has confirmed... Read More
The retail industry remains one of the slowest areas of the British economy to gain full recovery status, yet this does not mean that all retailers within the sector are struggling. Conversely, budget retailers in both the supermarket and fashion categories... Read More
South African retail property specialists, Resilient Property Income Fund, has completed the negotiations to buy Jubilee Mall in Hammanskraal, located north of Pretoria, from NAD Property Income Fund.. According to the company, the acquisition is part of the... Read More
Gibraltar Limited Partnership — a fifty-fifty joint venture between the Crown Estate and Hercules Unit Trust — has sold Leamington Shopping Park for £72m. The Warwickshire centre, which boasts a near 100 per cent occupancy rate after an extensive... Read More
For many retail developments throughout the UK, the end of the recession has brought an increase in prosperity as consumers regain confidence and begin to spend in earnest one more. Yet for some, high competition in the surrounding area has brought the need... Read More
Istanbul's office market hit a milestone in 2013, hitting record levels for completed transactions. Close to 250,000 square meters of space were registered last year. New development projects offered both pre-lease and pre-sale incentives to occupiers and... Read More
