Tag: Shopping Centres



Occupier Interest in Victoria Gate is Further Good News for Hammerson

Posted on 18 February, 2015 by Chris Grigorovsky under Top Properties

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 signs Preliminary Deal at £1 billion Croydon Shopping Centre

Posted on 12 February, 2015 by Kirsten Kennedy under Commercial Developments, Top Properties

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 investment hits pre-recession Volumes

Posted on 30 January, 2015 by Kirsten Kennedy under Commercial Sales and Lets

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

Coventry City Council to place “outdated” Shopping Centre on the Market

Posted on 27 January, 2015 by Kirsten Kennedy under Commercial Sales and Lets

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 acquires Two South West Shopping Centres

Posted on 15 January, 2015 by Kirsten Kennedy under Commercial Sales and Lets

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

What’s in store for the Retail Property Market in 2015?

Posted on 14 January, 2015 by Kirsten Kennedy under Industry News

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 confirms Newport River Island Deal

Posted on 8 January, 2015 by Neil Bird under Top Properties

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

IKEA to expand Shopping Centre Estate in 2015

Posted on 1 January, 2015 by Kirsten Kennedy under Business News

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

NewRiver Retail acquires Morecambe Shopping Centre

Posted on 23 December, 2014 by Kirsten Kennedy under Commercial Sales and Lets

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

Work begins on £20 million Kirkstall Shopping Centre

Posted on 22 December, 2014 by Kirsten Kennedy under Commercial Developments

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