Shopping Centres
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May- 2021 -17 May
Via Outlets reopens entire European portfolio
Via Outlets has announced it has reopened all shopping centres in its 11-strong portfolio, with the Zweibrücken Fashion Outlet in Germany opening last week. Not including the company’s Hede Fashion Outlet in Gothenburg, the London-based fashion outlet destination operator’s centres have been partially or completely closed for the majority of…
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Apr- 2021 -29 April
Westfield owner sees Q1 shopping centre turnover drop 42.8%
Unibail-Rodamco-Westfield (URW), the owner of Westfield, saw a 30.1% year-on-year decline to £313.6m for its shopping centre revenues in Q1 2021. The group’s total turnover for the period fell 42.8% to £393.2m, as the company’s operations remained strongly impacted by ongoing Covid-19 restrictions. According to the group, the quarter saw…
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19 April
Dobbies acquires Johnsons Garden Centre
Dobbies, the garden centre retailer, has announced the acquisition of Johnsons Garden Centre for an undisclosed sum. The deal expands Dobbies’ UK-wide portfolio of stores to 71, as the group has more than doubled its outlets since 2016. The Boston venue has closed as of 19 April as the site…
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16 April
Crystal Peaks Shopping Centre to create five new retail units
Crystal Peaks Shopping Centre has announced that work will begin on the creation of five new retail units. Four ground floor units will be located at the north east of the centre’s East Mall entrance and will have new frontages that open onto the shopping centre red car park. There…
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15 April
British Land eyes open-air retail parks
Property group British Land has unveiled plans to invest in more out-of-town retail parks as it capitalises on a click and collect strategy. The company is set to bet on a faster return of open-air locations where social distancing can be more easily managed than in covered shopping centres. In…
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12 April
McArthurGlen opens £160m designer outlet destination
McArthurGlen has announced the opening of a new £160m designer outlet fashion destination in the West Midlands. The centre marks McArthurGlen’s seventh British designer outlet, joining its other destinations in Ashford, Bridgend, Cheshire Oaks, East Midlands, Swindon and York, and it is the group’s 26th across Europe and in Canada.…
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12 April
Hammerson mulls £350m retail park sales
Shopping centre owner Hammerson has confirmed it is in talks to complete the sale of seven retail parks to Brookfield, a Canadian private equity firm, for roughly £350m. According to the Times, the funds will be used to strengthen the group’s balance sheet, providing the quickest way for the group…
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Mar- 2021 -16 March
SGS reveals host of new lease deals
SGS, the property company that manages four UK retail and leisure destinations – Lakeside, Atria Watford, Braehead and Victoria Centre – has announced a string of lease renewals, extensions and new deals. One of the deals, will see Apple renew its lease on a 5,502 sq ft space at its…
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15 March
Hammerson confirms board reshuffle
Shopping centre operator Hammerson has announced a number of changes to the composition of its board members. Pierre Bouchut, non-executive director and chair of the audit committee has revealed that he will not be standing for re-election at the 2021 annual general meeting (AGM). In turn, Mike Butterworth will take…
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2 March
Dobbies’ FY20 turnover soars to £235m
Dobbies Garden Centres has reported a pre-pandemic turnover of £235m for the 53 weeks ended 1 March 2020, a year-on-year rise of £73.5m. In addition, total sales rose by 51% to £252m in the period. However, the group also announced a loss before tax for the period of £22.9m, down…
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