Shopping Centres
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Jan- 2020 -28 January
Intu continues disposals by offloading Spanish shopping centre
Shopping centre owner Intu has offloaded its second Spanish shopping centre as it attempts to fix its balance sheet. The company confirmed that a joint venture company through affiliates of Intu properties and Canada Pension Plan Investment Board has exchanged contracts to sell Intu Asturias shopping centre to the ECE…
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Dec- 2019 -20 December
Westfield named best shopping centre in the UK
Westfield London and Westfield Stratford has been named the best shopping centres in the UK, for the second year running. According to GlobalData’s Top 50 Shopping Centres Report for 2019, Bluewater in Greenhithe, Kent was ranked in third place, followed by Intu Trafford Centre in Manchester. Intu Lakeside, Sheffield’s Meadowhall…
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Nov- 2019 -29 November
Intu drafts in PwC advisers
Intu properties has appointed PwC advisers to help the restructuring of its balance sheet. According to Sky News, the shopping centre has hired PricewaterhouseCoopers (PwC) to work alongside its existing City advisers. It is understood the appointment has taken place in the last few days ahead of the festive period.…
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25 November
Intu sells Sprucefield Retail Park in £40m deal to NewRiver
Shopping centre owner Intu has announced the sale of its Sprucefield Retail Park to real estate investment trust NewRiver in a £40m deal. The retail park is located in Lisburn, Northern Ireland and comprises of 231,000 sq ft of retail space in five units, and features stores such as Sainsbury’s…
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20 November
Hammerson reaches £577m of disposals with £54m St Oswald’s sale
Hammerson has exchanged contracts on the sale of St Oswald’s Retail Park, Gloucester, to a local authority for £54m, taking its total to £577m in disposals this year. The 20,900m2 scheme, which is located to the north of Gloucester city centre offers a range of bulky goods, retail and leisure…
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11 November
Brexit woes and wet weather dampen October footfall
Retail footfall faced further decline in the month of October, according to new figures from the BRC-Springboard Footfall and Vacancies Monitor. Footfall in non-food stores fell -6.2% from October of the previous year, whilst shopper numbers fell significantly by -3.2%. Reduced footfall was felt in all sectors of retail, across…
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Oct- 2019 -29 October
Sales and footfall up at Westfield’s UK centres
The owner of the Westfield shopping centres, Unibail-Rodamco (URM), has reported a 5.2% increase in tenant sales at its UK centres during Q3, also reporting a spike in footfall. For the three month period ending 30 September 2019, URM reported a 3.9% increase in footfall at its Westfield Stratford and…
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21 October
Sports Direct acquires Brookfield Shopping Park for £25m
Sports Direct has acquired Brookfield Shopping Park, a 93,000 sq ft Shopping Park in Cheshunt, Hertfordshire for £25.4m. According to the retailer, the shopping park is set to receive “significant” investments, which will include a total modernisation of the exterior of the all store facias. Plans also include new leisure,…
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7 October
Update: Sports Direct clarifies House Of Fraser store rumours
Sports Direct has moved to deny reports that it is looking to close the majority of its House of Fraser stores in the new year, claiming it has entered into new leases on the majority of House of Fraser stores. Previous coverage suggested that Sports Direct was either not paying…
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Sep- 2019 -19 September
Hammerson’s Grand Central New Street Mall to receive £2m refurb
Hammerson is planning a £2m upgrade to its Birmingham New Street Mall, as part of a phased project which will include “significant internal upgrades”. The refurbishment will also see a more “vibrant and engaging” entrance to its flagship destination. The first phase of the project will be delivered in October,…
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