Tag: Retail Property



Excessive Business Rates levels deter Retail Expansion says Intu

Posted on 23 June, 2015 by Neil Bird under Business News

Leading regional shopping centre owner and operator intu claims that the excessive level of Business Rates deters retailers from expanding and curtails investment by owners of retail property. In response to the Chancellor’s Business Rates review,... Read More

UKCPT raises over £80 million from Duel Retail Disposal

Posted on 9 June, 2015 by Kirsten Kennedy under Commercial Sales and Lets

Guernsey based UK Commercial Property Trust (UKCPT) has disposed of 176-206 Kensington High Street and a retail asset in Brighton for a combined sum of over £80 million. The Kensington asset, comprising 57,000 sq ft of ground floor retail space and... Read More

LondonMetric reports 27% Leap in Profits

Posted on 2 June, 2015 by Neil Bird under Business News

LondonMetric has reported a 27 per cent leap in profits on the back of a strong portfolio performance in the year ended 31 March. The retail and distribution property specialist saw profits jump from the 2014 total of £125.3 million to a whopping... Read More

Strong Retail performance set to boost Market Activity

Posted on 28 May, 2015 by Kirsten Kennedy under Business News, Economy

A new survey forecasts that retailers could well be celebrating their best performance in 27 years next month - news that could have beneficial implications for the commercial property industry. According to the Confederation of British Industry (CBI),... Read More

Tesco to close last remaining Homeplus stores

Posted on 16 May, 2015 by Kirsten Kennedy under Business News

As Tesco continues to suffer from the fallout created by the supermarket price war and the write down in value of its UK property values, Chief Executive Dave Lewis has to make a series of increasingly tough decisions to return group finances to the black.... Read More

Intu Properties reports a stable start to 2015

Posted on 6 May, 2015 by Kirsten Kennedy under Business News

Intu Properties has today released a trading update that reports an improvement in the letting market and in overall performance at centre level. The latest results, following the firm’s annual general meeting (AGM,) show that its current strategy is... Read More

Runcorn Shopping Centre “fully let by Christmas”

Posted on 4 May, 2015 by Kirsten Kennedy under Business News

The reining in of new store openings and closure of many established stores has had a hugely negative effect upon numerous regional shopping centres, with Runcorn Shopping Centre being particularly hit by the losses of Tesco, B&Q and Homebase in the past... Read More

Lambert Smith Hampton acquires Retail Property Specialist Tushingham Moore

Posted on 22 April, 2015 by Chris Grigorovsky under Industry News

Lambert Smith Hampton has announced the acquisition of leading retail property consultant Tushingham Moore. Tushingham Moore is an established practice which represents a range of retailers, developers, institutions and private investors throughout the... Read More

Tesco forced to write down Property Values after Worst Result in History

Posted on by Kirsten Kennedy under Business News

Although analysts have recently forecast an upturn in Tesco’s fortunes, the group’s annual trading results released today reveal that the supermarket giant suffered the worst year in its history, having posted a mammoth pre-tax loss which necessitated a... Read More

Sainsbury’s to adapt Supermarket Space for Concessions and Non-Food Items

Posted on 17 April, 2015 by Kirsten Kennedy under Business News

As Sainsbury’s continues to fall further behind main rival Tesco in terms of sales, executives face the challenge of more effectively utilising selling space. Along with cutting back on new large format openings in order to focus on the expansion of its... Read More