Shopping Centres

Frasers snaps up three more retail locations

Frasers Group has made three real estate acquisitions in strategic retail locations through its new property division, with the transactions each having been completed over the last two weeks.  The bricks-and-mortar locations are Princesshay Shopping Centre in Exeter, Fremlin Walk Shopping Centre in Maidstone and The Olympus Centre in Quedgeley.…

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British Land acquires seven retail parks for £441m

British Land has acquired a portfolio of seven retail parks for £441m, as well as announced a proposed equity placing of approximately £300m – by way of an accelerated bookbuild offering to fund this acquisition.  The rest of the asking price will be financed from existing cash and in place…

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SGS Group refinances four UK shopping centres

SGS Group has officially refinanced four major shopping centres – Lakeside in Essex, Atria in Watford, Victoria Centre in Nottingham and Braehead in Glasgow – following a £445m loan from OakNorth.   The four shopping centres, which are spread across 4.6m sq ft, have a catchment population totalling 9.4m and boast…

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Hammerson sells stake in Bicester Village for £1.5bn

Property firm Hammerson has announced that it has sold off its stake in Bicester Village for £1.5bn to Silver Bidco, a company established by certain affiliates of L Catterton. The news comes after Hammerson announced it had entered into a binding agreement for the disposal of Bicester Village to Silver…

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Cribbs Mall secures three new retailers

Cribbs Mall has secured lettings with three retailers who will take a combined 2,340 sq ft of space at the shopping centre.  Sportswear manufacturer Castore, jewellers Austen and Blake, and make-up specialist Kiko Milano will occupy 573 sq ft, 967 sq ft, and 800 sq ft units respectively and help…

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Battersea Power Station records strongest summer to date

Battersea Power Station has experienced its “strongest” summer to date, having recorded a 17% rise in footfall year-on-year from mid-July to the end of August.  According to the London destination shopping centre, total visitor numbers exceeded 22 million since it opened to the public for the first time in its…

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Frasers Group acquires St Nicholas Arcade in Lancaster

Frasers Group has revealed it has acquired St Nicholas Arcade in Lancaster for an undisclosed sum, in a move it said further strengthens the group’s commitment to physical retail in the UK. The 160,000 sq ft. shopping centre is a key retail destination in the heart of Lancaster, and is…

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Mango opens new store at Lakeside Shopping Centre

Mango has announced it has opened a new store inside Lakeside Shopping Centre.  The new 440 sq metre store embodies Mango’s innovative ‘New Med’ concept, drawing inspiration from Mediterranean design elements that aim to create a “modern and inviting shopping experience”. Sustainability and architectural integration are key to the new…

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British Land signs three healthcare leases at Crownpoint Retail Park

British Land has leased 12,800 sq ft of space to three healthcare businesses at Crownpoint Retail Park, Denton in Greater Manchester.   InHealth, the UK’s largest specialist provider of diagnostic and healthcare solutions, has taken a 5,000 sq ft unit for a Community Diagnostic Centre, while CVS Vets, one of the…

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Hammerson upbeat despite £517m loss

Hammerson has hailed a “strong performance” in the first half of the year ended 30 June despite experiencing a £517m loss.  It said the loss was due primarily to a reclassification of the Value Retail stake “from a carrying value of £1.1bn” that the company sold on 22 July for…

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