Having announced in November that its Victoria Gate retail development was one-third pre-let, Hammerson now says the figure has risen to 40 per cent, eighteen months ahead of its scheduled opening. The Leeds shopping centre is being built in two phases,... Read More
John Lewis has this week signed a preliminary agreement to take the largest unit at Croydon’s upcoming £1 billion town centre retail development. Joint developers Hammerson and Westfield have confirmed that executives from the department store brand... Read More
Shopping centre transactions during 2014 reached volumes not seen since prior to the recession, DTZ reports. Last year, investment transactions in the UK reached £5.83 billion, with 101 shopping centres bought or sold in 70 separate transactions.... Read More
As councils nationwide continue to cut costs as a means of patching lowered budgets, developers are increasingly able to capitalise upon a growing supply of commercial assets appearing on the market. In Coventry, the city council has now confirmed that it... Read More
Rockspring has purchased one of Taunton’s most popular shopping centres in a deal worth £27.55 million, reflecting an initial yield of roughly 6.65 per cent per annum. The acquisition comes hot on the heels of another shopping centre purchase in the South... Read More
The retail property market has faced some significant challenges over recent years, but with the economy improving and consumers more prepared to spend, it seems that 2015 could mark a turnaround for both the retail sector and its property... Read More
Queensberry Real Estate has begun the New Year by confirming that leading international fashion retailer River Island will be taking a unit at its 390,000 sq ft Friars Walk development in Newport, South Wales. River Island has agreed terms on a 10,000 sq ft,... Read More
The IKEA Group has become one of the great retail success stories, with the Swedish furniture and homeware company gradually expanding its net to operate other businesses including hotels and shopping centres. Yet executives have revealed that the latter will... Read More
Shopping centre acquisitions have slowed somewhat from the peak period in the middle of this year, yet investors remain keen to lay their hands on properties which could feasibly produce a large return. This has seen London based NewRiver Retail take... Read More
The regions have benefited hugely in 2014 from widespread improvements to their local retail offerings, boosting footfall levels in town centres and creating opportunities for retailers to expand. Fortunately, it seems that this trend will carry through into... Read More
