Property
Property covers the real estate developments, leasing activity, and investment trends shaping the physical footprint of UK retail. This section reports on store openings and closures, retail park and shopping centre developments, rent negotiations, and regeneration projects. Retail Sector’s Property coverage provides insight for landlords, developers, and retail executives into how location strategy, market demand, and commercial property trends influence retail performance and long-term growth.
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Aug- 2025 -6 August
British Land hires lawyers to scrutinise retail rescue deals
British Land has reportedly hired lawyers to scrutinise rescue deals for Poundland and River Island, Sky News has reported. According to the paper, Hogan Lovells has been instructed by the property group to seek further information on restructuring plans for the two chains. British Land owns 20 Poundland stores, 13…
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Jul- 2025 -31 July
Knight Frank appointed retail leasing agent for 8 Eaton Lane
Knight Frank’s retail leasing team has been appointed as the exclusive retail and restaurant leasing agent of 8 Eaton Lane in Belgravia. The Grade II listed building was originally designed by Thomas Cundy III to provide serviced residential apartments. Following a restoration and redevelopment it will now be home to…
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14 July
Reeves eyes business rates rise for supermarkets and department stores
Chancellor Rachel Reeves is reportedly considering increasing business rates for department stores and supermarkets as she looks to raise £1.7bn from businesses this autumn, according to The Telegraph. The outlet revealed that the chancellor is looking to plug the £5bn hole left after the government was forced to abandon cuts…
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Jun- 2025 -3 June
Northern Ireland’s Abbey Centre sold to new owner for £59m
Abbey Centre in Northern Ireland has been sold by NewRiver to The Herbert Group of Companies in an off market deal for £58.8m. The 320,000 sq ft shopping centre, located six miles north of Belfast City Centre in Newtownabbey, houses over 70 shops and has a “strong” convenience offer, together…
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2 June
Three arrests made in connection with St James Retail Park fire
Police officers have made three arrests in connection with a fire at a Dunelm store at the St James Retail Park in Northampton. The emergency services were called to the store off Towcester Road just after 3pm on 31 May 2025. Road closures were put in place and fire crews…
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May- 2025 -28 May
John Lewis wins approval for West Ealing housing plans
The John Lewis Partnership (JLP) has been successful in its planning appeal to redevelop Waitrose West Ealing and build hundreds of new homes. A government planning inspector confirmed the plans had been given the go ahead after JLP submitted an appeal in summer 2024 on the grounds of a “non-determination”. …
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16 May
Landsec to invest £1bn in its retail estate amid strong FY25
Property group Landsec has announced plans to increase its investment in its retail estate by £1bn amid strong FY25 performance. The company’s retail portfolio delivered 5.1% LFL net rental income growth for the year ended 31 March 2025, with occupancy up 110bps to 96.6%, £39m of lettings signed or in…
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Mar- 2025 -26 March
John Lewis housing development nears approval
John Lewis has submitted proposals to redevelop its former customer collection facility in Reading into a housing project, according to reports from the BBC. The scheme includes a mixture of 111 one-bedroom, 92 two-bedroom, and 12 three-bedroom homes. The site, which was previously used for customers to collect orders, closed…
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Feb- 2025 -26 February
Hammerson rental income falls as it slashes net debt
Hammerson has seen its gross rental income fall from £208m to £189m for the year ended 31 December 2024. As a result, the company posted a loss of £526m, up from a £51m loss in the previous year, with the company putting £497m of this loss down to impairment in…
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19 February
Landsec given permission to revamp former Debenhams into city square
Landsec has secured planning permission from Cardiff City Council to transform a former Debenhams unit into a 102,000 sq ft city square. The redevelopment, designed in collaboration with over 5,000 local residents, will respond to consumer demand for high-quality leisure experiences, green spaces, and family-friendly environments. Bruce Findlay, managing director…
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