Shopping Centres
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Oct- 2021 -5 October
New retail brands set to open at Battersea Power Station
Battersea Power Station has announced that further retail brands are set to open in the grade II* listed building. Some of the latest British and international retail brands planning to open on its premises include: Ralph Lauren, Calvin Klein, Tommy Hilfiger, Ray-Ban, L’Occitane, The Body Shop and Mango. Developers at…
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4 October
Four ‘premium’ brands to open at Highcross
Hammerson has announced that four new brands will open at its flagship destination, Highcross, in Leicester this autumn. According to Highcross, it has “captured” existing and new audiences through events and initiatives since reopening in spring, in addition to its 100 shops and restaurants. Highcross said the new Ted Baker…
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Aug- 2021 -9 August
Kirkstall Bridge shopping park sold for £25.2m
LondonMetric Property has announced that it has sold its retail park, Kirkstall Bridge shopping park, for £25.2m to a UK institutional investor. The 120,000 sq ft shopping park was originally developed by the group in 2015 after acquiring the site in 2011. Following the recent re-letting of a 21,000 sq…
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Jul- 2021 -26 July
Asda adds to its refillable range in Leeds store
Asda has revealed that it has added more than 50 new product lines to its refill zone at its flagship sustainability store in Middleton, Leeds. The supermarket has partnered with consumer brands including Coca Cola, Yorkshire Tea, Napolina, Tilda, Mars and Kellogg’s to bring the new product lines to store…
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13 July
Sainsbury’s opens new site in Hamilton
Sainsbury’s has announced the opening of a new local store in Hamilton. The 2,300 sq. ft store will be open to customers from 7am-11pm Monday through to Sunday, and will sell a range of grocery goods as well as coffee from a self service machine. Sainsbury’s has said it is…
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8 July
HMV opens new site at St Johns Liverpool
St Johns Liverpool, the largest covered shopping centre in the city of Liverpool, has announced that HMV will open a new store in the site on 20 July. HMV will open on Williamson Square, joining over 100 other businesses within St Johns, such as JD Sports and Matalan. The store,…
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Jun- 2021 -14 June
Primark to extend Luton site
Primark is set to extend and refurbish its store at The Mall, Luton. As part of the build, the site will be extended by almost 40% and the entire space will be refurbished to reflect Primark’s “latest shop fit and design”. The refurbishment, which will be completed this coming winter,…
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May- 2021 -26 May
British Land sees portfolio value plummet £2bn
British Land has seen the valuation of its portfolio cut by £2bn during FY21, falling from £11.16bn to £9.13bn in the period. The 10.8% year-on-year decline in the group’s portfolio value was driven by a 24.7% decrease for the year ended 31 March for British Land’s retail operations. The property…
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19 May
South Gloucestershire Council completes £10m shopping centre purchase
South Gloucestershire Council has revealed that it has completed the acquisition of the Kings Chase Shopping Centre and car park in Kingswood for £10m in a step towards regenerating the Town Centre. The investment, which was awarded funding by the government on 26 December 2020, and completion of the purchase…
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18 May
Westfield owner confirms €1.25bn bond placement
Unibail-Rodamco-Westfield, the owner of Westfield shopping centres, has announced a successful €1.25bn (£1.07bn) bond placement. The two-tranche senior bond offering is intended to both strengthen the group’s liquidity position and extend its debt maturity. The placement features a €650m (£559m) bond with a seven-year and five-month maturity and a 0.75%…
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