Latest property news – Page 274
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Land Securities sells Silk Bridge
Land Securities has sold the freehold interest in the Silk Bridge Retail Park, The Hyde, Hendon, London NW4, to Lothbury Property Trust for £13 million, which reflects a net initial yield of about 5.9 per cent. The property, which has an open A1 non-food consent, has been refurbished by Land ...
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Wilkinson nets Tesco site at Belle Vale
Wilkinsons has taken over the former Tesco unit that anchors the Belle Vale shopping centre in Liverpool . Landlords St Modwen and LaSalle Investment Management agreed a surrender of Tesco’s lease and then re-let the basement and mall levels of the store to Wilkinsons on a 20-year lease at ...
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ISIS to extend Newbury park after land deal
ISIS Property is to extend its Newbury Retail Park by 25 per cent, following the acquisition of an adjoining 0.9-hectare site for£3.5 million. The Berkshire site has planning consent for 3,580 sq m of open A1 non-food space. Newbury Retail Park comprises 12,065 sq m of retail warehousing, producing an ...
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Scottish first at Poundland
Poundland is to open its first branch in Scotland, following a deal with land securities to take units 27-29 in the Princes Mall shopping centre in East Kilbride.
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H&M opens two-storey unit at Scunthorpe
H M has become the latest retailer to open at the Parishes, Quintain’s new shopping centre at Scunthorpe, Lincolnshire.
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Tops gets go-ahead
Tops Estates has been granted planning permission for 1,860 sq m of new retail space at its Ladysmith shopping centre at Ashton Under Lyme, Manchester.
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Asda grows portfolio by 10 stores
Asda plans to add 10 stores to its existing UK portfolio this year, through a mixture of new site acquisitions and redevelopments. The development programme is valued at £360 million.
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Prescott rejects plan for Burntwood outlet centre
Deputy Prime Minister John Prescott has thrown out a planning application by London Cambridge Properties for a 21,800 sq m factory outlet centre at Burntwood in Staffordshire.
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Birmingham site for Tesco
Tesco has paid £7.5 million for Monaco House and the Birmingham Automobile Centre on Bristol Street in Birmingham. The price reflects an initial yield of 8.6 per cent, but the market-leading supermarket is understood to have paid a premium to reflect the site’s development potential for a new ...
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Ellesmere centre overhaul begins
Warner Estate has started a three-stage refurbishment programme for the 32,500 sq m Port Arcades shopping centre at Ellesmere Port in Cheshire.
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Halfords sets out store target for Northern Ireland
Halfords plans to open up to 12 new stores in Northern Ireland following a letting on Marlborough retail park in Craigavon.
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Mexx and Pilot sign up for the Waterfront at Brighton
Mexx and Pilot are the latest retailers to sign up for Park-ridge Development’s £25 million mixed-use Waterfront scheme at Brighton Marina in East Sussex. The scheme will now be 90 per cent pre-let at opening on November 18.
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Redditch anchor for Debenhams
Debenhams will this month open as anchor at the extended Kingfisher Centre in Redditch, Worcestershire.
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Fat Face to make mall debut with Bluewater store
Fat Face to make mall debut with Bluewater store