Tag: Shopping Centres



Hammerson announces Sale of French Shopping Centre

Posted on 11 July, 2015 by Jodee Redmond under Commercial Sales and Lets

Hammerson has announced that it has exchanged contracts to sell its interest in Grand Maine shopping centre located south west of Angers. The buyer is a leading French institutional investor, who has paid €63.2 million (£45.3 million) for the... Read More

Restaurants booking early for Metrocentre’s new look Qube

Posted on 10 July, 2015 by Cliff Goodwin under Commercial Developments

Intu Properties says only a single restaurant remains vacant in its £17m “through the night” extension to Gateshead’s Metrocentre. More than eight months ahead of completion 11 food and leisure units within the Qube have now been let. Contractor... Read More

Capital & Regional reports Valuation Rise and Strong Operational Performance

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

Capital & Regional, the UK focused Real Estate Investment Trust (REIT), has today issued a valuation update prior to the announcement of its half year results later in the summer, showing a rise in the valuation of its portfolio and a strong operational... Read More

intu Broadmarsh Redevelopment given Green Light

Posted on 18 June, 2015 by Neil Bird under Commercial Developments

Nottingham City Council has given the go-ahead for the proposed redevelopment of the intu Broadmarsh shopping centre, reflecting the 90 per cent approval rating the plans received during the public consultation period. A planning application was... Read More

intu Potteries leisure extension fully pre-let following seventh Restaurant deal

Posted on 27 May, 2015 by Neil Bird under Commercial Developments, Top Properties

The £20 million leisure extension at intu Potteries is fully pre-let, six months ahead of its scheduled opening, intu Properties has confirmed. The impressive occupier line-up has been completed by Bon Pan Asian Restaurant, which has taken a 13,750 sq... Read More

Strong Leisure Offer boosts Shopping Centre Footfall

Posted on 20 May, 2015 by Kirsten Kennedy under Business News

For some time, the UK’s major shopping centre owners have been investing in their leisure offer as a means of attracting more customers and increasing dwell time. And this strategy is producing results, with the latest British Council of Shopping Centres... Read More

Approval sought for transformation of intu Milton Keynes

Posted on 12 May, 2015 by Cliff Goodwin under Top Properties

Less than a month after submitting plans for the redevelopment of its Nottingham Broadmarsh shopping complex, intu Properties is seeking approval for the multi-million pound transformation of its Milton Keynes centre. Part of a decade-long £1.3bn... 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

British Council of Shopping Centres appoints new Chief Executive

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

Retail property body The British Council of Shopping Centres (BCSC) has today announced that John Coyne has been appointed as its new Chief Executive. Mr Coyne, who takes-up his position in June, currently acts as interim managing director of Improving... Read More

Shop Vacancy Rates fall to Five Year Low

Posted on 9 April, 2015 by Kirsten Kennedy under Business News

Shop vacancy rates fell to their lowest level in five years last month as increased consumer confidence translated into greater stability in the retail and leisure sectors. According to figures compiled by the Local Data Company (LDC), the number of... Read More