Latest property news – Page 30
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NewsIntu sells retail park as disposal programme continues
Institutional landlord Intu has completed the sale of an out-of-town retail park in Northern Ireland to NewRiver, as its chief executive continues his focus on fixing the business’ balance sheet through disposals.
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NewsHammerson sells retail park as disposals programme continues
Institutional landlord Hammerson has sold a Gloucester retail park for £54m to the local authority, as it continues its asset disposal programme in order to balance its books.
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NewsBritish Land retail property portfolio haemorrhages tenth of value
British Land is the latest institutional landlord to suffer as the high street malaise reduced its retail property portfolio values by a tenth.
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NewsWest End to receive £2.9bn ‘rebirth’ fund
London’s Oxford Street and its surrounds are set to receive £2.9bn in additional investment by the end of 2022, which will “catalyse the birth of a new West End”.
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NewsLandsec trumpets new developments despite retail woes
Landsec is pushing ahead with 1 million sq ft of new London property developments as it seeks to offset falling portfolio values bought on by the troubles in the retail sector.
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NewsLidl targets 1,000 stores as pressure grows on big four
German discounter Lidl is eyeing rapid store expansion as it looks to ramp up the pressure further on its big-four supermarket rivals.
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NewsFootfall declines again as autumn rain keeps shoppers away
The number of people visiting bricks-and-mortar stores across the UK fell again in October, according to the latest footfall figures.
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NewsAlibaba ramps up team as it eyes UK high street expansion
Chinese ecommerce giant Alibaba is building up a retail team as it eyes a possible move on to the British high street.
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NewsClintons to close stores and slash rents in survival bid
Clintons has been forced to reach out to landlords to seek concessions on store closures and rent cuts, as the greetings card chain becomes the latest high street retailer to suffer.
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NewsLovehoney unveils first bricks-and-mortar pop-up
Lovehoney has launched its first physical pop-up store in London in a bid to “experiment” with educating customers about their sexual happiness offline.
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NewsMamas & Papas to close six stores after pre-pack administration
Mamas & Papas has closed six stores and will be reviewing operations at its head office which could lead to as many as 127 redundancies across shopfloor and back office.
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NewsLandsec pledges to be net zero carbon business by 2030
Landsec has unveiled a new environmental sustainability strategy making it the first major landlord to commit to reducing emissions in line with the target to keep global warming to no more than 1.5°C.
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NewsIkea sales rise as global transformation takes hold
Ikea has reported an increase in total sales as the first year of its global transformation programme has taken hold.
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NewsIntu’s outlook ‘remains confident’ despite market conditions
Shopping centre owner Intu has made progress with the strategy set out in its interim results despite “challenging market conditions”.
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NewsPrimark profits rise as it eyes international expansion
Primark has posted an increase in full-year profits and set its sights on further international expansion, despite declining like-for-like sales.
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NewsPhilip Green races to repay £300m loan before Christmas
Sir Philip Green is in a race to raise some £300m before Christmas to repay a loan secured against Topshop’s London flagship.
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NewsWestfield owner reports increased footfall and sales
Unibail-Rodamco-Westfield registered increased tenant sales and “strong footfall growth” across all its locations.
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NewsShoe Zone revenues steadied by focus on big box stores
Shoe Zone has reported an uptick in revenues off the back of its ongoing focus on opening big-box format stores.
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NewsTesco eyes Finest pop-ups in golden quarter push
Tesco is planning to launch a clutch of Finest pop-up stores in major cities across the UK during the golden quarter.
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NewsSelfridges to rent space in new development to office provider
Selfridges has plans to redevelop a building across from its flagship store on Oxford Street and then rent some of it out to a co-working office provider.