Shopping Centres

Shopping centre security guard saves toddler from choking

A security guard at The Bridges shopping centre in Sunderland saved a toddler from choking to death, after a piece of food got stuck in his mouth at Esquires cafe in the shopping centre. Security guard Carl Simpson, removed the trapped piece of sausage using the Heimlich manoeuvre, and slapping…

Read More »

Hammerson abandons £3.4bn takeover of Intu

Shopping centre owner Hammerson has revealed it has reversed its decision to buy its rival Intu for £3.4bn. The owner of Birmingham’s Bullring proposed an all share merger with Intu in December last year which would have resulted in the UK’s biggest property company, worth £21bn.   However the board…

Read More »

Intu reveals ‘record retailer demand’

Shopping centre giant Intu has reported a record level of retailer demand in the first quarter of 2018. Some 60 long term leases have been signed (43 in the UK and 17 in Spain) for £10m of annual rent, 5% above previous passing rent. David Fischel, Intu CEO, said: “Our…

Read More »

Klépierre abandons Hammerson bid after numerous rejections

Klépierre has announced that it has abandoned its attempted acquisition of Hammerson after an improved offer was rejected for the second time this week. The French firm said in a statement that it “does not intend on making an offer for Hammerson” after Hammerson’s board of directors rejected a £5.04bn…

Read More »

Hammerson rejects revised £5.04bn proposal from Klépierre

Hammerson’s board of directors has unanimously rejected a revised £5.03bn offer by French retailer Klépierre, on the basis that “it very significantly undervalued Hammerson”. The revised proposal is 635 pence per Hammerson share, comprising 50% in new Klépierre shares and 50% in cash, and is a marginal increase to Klépierre’s…

Read More »

Hammerson delays Intu takeover amid Klépierre approach

Hammerson has delayed it acquisition of British rival Intu while the intentions of French shopping centre giant Klépierre “remain unclear”. In a trading update for Hammerson’s first quarter ending 31 March 2018, it said it does not intend to finalise shareholder documents in relation to the takeover of Intu while…

Read More »

Hammerson rejects Klépierre takeover bid in ‘less than 24 hours’

French real estate investment fund Klépierre has confirmed its takeover bid of Hammerson was rejected in “less than 24 hours”. In a statement, Klépierre said on 8 March it made a proposal “on a non-adversarial basis” to the Hammerson board with the intention of starting “a constructive dialogue”. The offer…

Read More »

Leading retailers support plan for sustainability and equality

Over 25 leading UK retailers, including Sainsbury’s and John Lewis, have signed up to a series of pledges to tackle global challenges over the coming decades. The ‘Better Retail Better World’ scheme includes a series of stretching targets for the retail industry to achieve by 2020, and uses the United…

Read More »

Grocery purchases drive UK retail sales: BRC

Food sales continue to drive up sales in the retail sector, but non-food retailers suffered a fall in spending. Over three months to February in-store sales of non-food items declined by 2.4% on a total basis, and 3.3% on a like-for-like basis, according to figures released today by the British…

Read More »

UK shoppers put off by irrelevant retail offers

According to consumer research conducted by point of sale marketing firm Ecrebo, more than four in 10 (44%) UK shoppers shy away from brands that don’t offer them personalised, relevant offers. The aim of the research was to gauge consumer attitudes toward retail loyalty schemes, the benefits they offer and…

Read More »