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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Feb- 2025 -14 February
Sloane Street completes £46m transformation
London’s luxury shopping destination Sloane Street has officially completed its £46m transformation after more than a decade of planning and extensive public consultation. The project, funded by property manager Cadogan and delivered in partnership with Kensington and Chelsea Council, has created a green 1km long boulevard spanning from Knightsbridge to…
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Oct- 2024 -14 October
Retailers urge chancellor to apply Retail Rates Corrector
More than 70 retail CEOs have urged chancellor Rachel Reeves to ease business rates amid warnings that a £2.7bn tax would hit retailers, leisure and hospitality firms, The Guardian has reported. In an open letter coordinated by the British Retail Consortium, CEOs have called on the government to introduce a…
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Sep- 2024 -24 September
Portman and Derwent to deliver 28,500 sq ft retail space in Marylebone
The Portman Estate and Derwent London have unveiled plans for the launch of Loxton Walk, a new retail and leisure destination in the heart of Marylebone. Launching in 2025, Loxton Walk will deliver 28,500 sq ft of new retail and leisure space across 17 ground floor units, accessible via four…
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Jul- 2024 -1 July
Frasers in talks to acquire Princesshay shopping centre
The Mike Ashley’s Frasers Group is reportedly in talks with Crown Estate to acquire Princesshay shopping centre in Exeter, according to the Times. It is believed that Frasers is to buy a 50% stake in the shopping centre from US-based asset manager Nuveen and is also planning to buy the…
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Jun- 2024 -11 June
Gunwharf Quays’ second phase of development receives greenlight
Planning permission for the second phase of Landsec’s £45m investment in Gunwharf Quays has been granted by Portsmouth City Council. The works will aim to give visitors an improved full day out experience at the waterfront outlet shopping destination. The new phase of the investment will focus on Marlborough Square,…
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May- 2024 -21 May
Zuber Issa set to acquire EG Group UK arm
Zuber Issa is set to acquire the UK arm of EG Group showing further signs of the Issa brothers business interests diverging. The deal excludes the Cooplands bakery, some Starbucks stores, and EG’s electric vehicle charging business Evpoint and is set to be finalised by the end of June. The…
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13 May
Asda unveils plans for mixed-use redevelopment in North West London
Asda has unveiled plans for a mixed-use redevelopment of its 10-acre Park Royal site in North West London. The retailer has partnered with property developer Barratt London on plans to redevelop the Brownfield site which is currently home to its Park Royal Superstore. The proposal, which is subject to planning…
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1 May
Network Rail annual retail sales surpass £800m
Network Rail has revealed that retail sales reached over £800m in the past 12 months across its retail portfolio of 19 managed stations in Great Britain. It said that over 600,000 sq ft of prime retail space is managed by Network Rail within major city centre locations, with footfall climbing…
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Feb- 2024 -22 February
URW secures 12 lease signings for Centrale & Whitgift
Unibail-Rodamco-Westfield (URW) has announced 12 new signings for Centrale and Whitgift including London’s first Loupe store, alongside a number of key renewals including international and British brands Trespass and No.1 Currency Exchange. Loupe, a new venture from Beaverbrooks, the family-owned jewellery business, opened its 5,350 sq ft store as part…
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Jul- 2023 -11 July
British Land praises ‘winning’ retail park format ahead of AGM
British Land chief executive, Simon Carter, has said that retail parks “continue to be a winning retail format” due to their affordability, omnichannel compatibility and low capex requirements ahead of the group’s AGM. This comes as the retail park format continues to perform strongly for British Land, with occupancy reaching…
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