Brent
This coverage examines retail developments, business activity, and economic trends in Brent, a key London borough. Reporting covers store openings and closures, regeneration projects, planning decisions, retail property investments, and local policy changes — offering retail professionals, property managers, and executives insight into the area’s commercial dynamics and opportunities.
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Feb- 2020 -21 FebruaryShopping Centres
Hammerson offloads seven retail parks to Orion in £400m deal
Hammerson has announced it has agreed a deal to offload a portfolio of seven retail parks to Orion European Real Estate Fund V (Orion) in a £400m deal. The transaction marks the largest UK retail park portfolio sale in the past decade and follows Hammerson’s strategic decision, announced in July…
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Dec- 2019 -20 DecemberShopping Centres
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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4 DecemberHigh Street
M&S partners with six start-ups through Factory Founder scheme
Marks and Spencer has announced it has partnered with six start-ups, as it marks the first anniversary of the M&S and Founders Factory Joint Venture designed to identify and accelerate emerging businesses. The six fast growth start-ups were selected from over 100 hopeful new businesses identified from Founders Factory’s global…
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Jul- 2019 -29 JulyShopping Centres
Hammerson reports £319.8m loss
Shopping centre owner Hammerson has reported a £319.8m loss during the first six months of the year ending 30 June. Hammerson, which owns shopping centres such as London’s Brent Cross and Birmingham’s Bullring, revealed on an adjusted basis profits were down 10.5% to £107.3m. The company also reported a 6.8%…
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Feb- 2019 -25 FebruaryShopping Centres
Hammerson reports £268m loss and eyes further disposals
Shopping centre owner Hammerson has reported a loss of £268.1m in its 2018 FY results, also announcing it aims to make £500m in disposals this year. For the period ending 31 December the group saw its revenues drop 9% to £292m, Hammerson said the loss follows “a tough year particularly…
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Aug- 2018 -29 AugustGovernment
Bailiffs visited more than 200 firms daily over unpaid business rates
In the first year after the new business rates revaluation came into effect, councils sent bailiffs to more than 200 commercial properties everyday for unpaid rates. An investigation by real estate advisor Altus Group revealed that during 2017/18, over 81,000 business premises liable for rates were referred to bailiffs to…
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23 AugustClothing & Shoes
Crew Clothing acquires Saltrock Surfwear
Saltrock Surfwear, a leisurewear and accessories retail brand based in Devon, has been sold to Crew Clothing Group via a pre pack administration. David Pike and Mark Orton from KPMG were appointed joint administrators to Saltrock Surfwear Limited on 17 August. Immediately upon their appointment, they concluded a sale of…
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Jul- 2018 -24 JulyEconomy
Hammerson shares rise as plans to sell £1.1bn of retail parks and cut board revealed
Shopping centre and retail park giant, Hammerson, has announced plans to reduce the size of its board and sell off £1.1bn in retail parks. The announcement, which comes just after the company sold parks in Bristol and Kirkaldy for £164m, said the company was planning to focus on “flagship retail…
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24 JulyHigh Street
Marks and Spencer partners with Founders Factory to invest in retail startups
Marks and Spencer and Founders Factory have partnered for the launch of Founders Factory Retail, a joint venture focused on investing and growing startups. Marks and Spencer will become Founders Factory’s exclusive UK retail partner, investing in a number of startups sourced through Founders Factory’s global network as part of…
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Mar- 2018 -19 MarchProperty
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…
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