Latest property news – Page 273
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Fat Face to open 25 stores a year
Lifestyle brand Fat Face has launched an expansion drive in the UK, looking to grow at 25 stores a year over the next three years.
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UK cities boost market share
Strong provincial cities are making a comeback in the UK retail hierarchy, according to research from location analysts CACI, but London’s West End still dominates the UK retail scene.
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Plans for Fishergate extension to boost shopping for Preston
Agora Shopping Centres has unveiled proposals for a major extension to the Fishergate Shopping Centre in Preston city centre. The plans will take the scheme to more than 500,000 sq ft (46,450 sq m).
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Monster supermarket to anchor MK Dons ground
Milton Keynes Council has granted planning permission for what is thought to be Britain’s largest supermarket.
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Cumbernauld revamp attracts raft of retailers
The £4 million refurbishment of Phase 4 of the Cumbernauld shopping centre has attracted eight new retailers to the town centre.
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Urban Outfitters lines up Covent Garden opening
US clothing retailer Urban Outfitters is preparing to open its third store in the UK, at Covent Garden. It is two years since the company’s last UK opening - in Glasgow - and the new store is on the site previously occupied by Fila.
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UK market the favourite among foreign retailers
The UK has become a prime target for expansion-minded retailers, according to research from Jones Lang LaSalle. The UK has attracted more new entrants then any other major market over the past few years. These include Tchibo, Moreland and Deichmann from Germany, Jennyfer, Aigle and Paul from France, Geox, Expensive! ...
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Halladale’s Reading deal
Halladale has sold 34,610 sq ft (3,215 sq m) of retail space at Woodley, a suburb of Reading , Berkshire, to a private investor for £8.1 million. The price reflects a net initial yield 5.97 per cent. The two units are let to Waitrose and New Look at ...
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Warehouse sparks Au Naturale growth
Changes to distribution at Au Naturale - the homewares division of Glasgow-based Internacionale - have paved the way for further expansion in Scotland, Northern Ireland and the north of England.
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Hercules grabs Prospect Place
The Hercules Unit Trust has bought Phase 1 of the Prospect Place retail park in Dartford, Kent from Pillar Property for£36 million, and entered into a commitment to forward purchase Phase 2. The 134,000 sq ft (12,450 sq m) Phase 1 is fully-let to B Q, Carpetright , Allied Carpets ...
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Tesco, Next and Arcadia anchor opening of Gallions Reach park
One of the UK’s last major open A1 fashion parks opened last week at Gallions Reach in Beckton, east London.
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Clarks Village extension launch boosts mall's store count to 80
Outlet mall operator Realm has opened the latest phase of its Clarks Village scheme at Street, Somerset.
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Cheval picks up 34-store Morley raft for £125m
Cheval Properties has paid Morley Asset Management £125 million for a portfolio of 34 prime high street shops across the UK. The sale price reflects an initial yield of 6.05 per cent.
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Plans advance for King’s Lynn redevelopment
Ashcroft Estates’ plans to redevelop King’s Lynn’s blighted and dated 1960s Vancouver Centre have advanced.
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JJB and Tesco snap up stores in Harlow centre
Stannifer’s plans for Harlow’s Harvey Centre have received a boost following major lettings to Tesco and JJB Sports.
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Inditex clinches Bluewater deals
Spanish fashion giant Inditex has stepped up its presence at Bluewater with two deals. Zara is doubling its space in the Kent mega-mall, while Massimo Dutti is to open its fourth UK store at the complex.
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Oxford Street flagship store for River Island
Fashion retailer River Island is to launch an Oxford Street flagship in September opposite John Lewis.
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Asda helps fund Milton Keynes stadium
Asda is to develop another 9,300 sq m Asda Wal-Mart supercentre in Denbigh, Milton Keynes. A planning application has been lodged as part of the Stadium MK project, which will include a 30,000 seat stadium to house the Wimbledon soccer franchise, which is relocating to Milton Keynes. In ...