British Land
This coverage examines British Land’s role, strategy, and developments within the UK retail property market. Reporting highlights investment activity, retail and mixed-use developments, leasing trends, sustainability initiatives, and leadership decisions shaping its portfolio. Retail executives, property managers, and stakeholders can use these insights to understand how British Land influences and responds to changing retail and consumer landscapes.
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Jul- 2024 -29 JulyHealth & Beauty
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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Jun- 2024 -17 JuneNews
Today’s news in brief-17/6/24
Superdry’s shareholders have approved a restructuring plan to rescue the company from financial difficulties. This plan, following the approval of creditors, includes a £10m equity raise and delisting from the stock market. Founder Julian Dunkerton will underwrite the equity raise, which the company believes will provide sufficient liquidity for its…
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17 JunePeople Moves
Kingfisher names Bhavesh Mistry as new CFO
B&Q owner Kingfisher has announced the appointment of Bhavesh Mistry to the role of chief financial officer, with his exact start date to be announced in due course. The news comes as current CFO Bernard Bot will be retiring to “further pursue his non-executive career”. While Bot’s leaving date is…
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3 JuneNews
Today’s news in brief-3/6/24
Shein is reportedly preparing for a landmark London flotation valued at £50bn, marking the city’s most significant public float in over a decade. Sources indicate that the fast-fashion giant will soon file a prospectus with the Financial Conduct Authority, although the exact timing remains uncertain. This move comes after Shein…
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3 JuneClothing & Shoes
Superdry landlord drops challenge to restructuring proposal
M&G, landlord of Superdry’s London flagship store, will not formally seek to block a restructuring proposal, Sky News has reported. It is understood that Superdry received a reprieve after M&G backed down from a challenge to the struggling fashion chain’s rescue plan. As a result, M&G has decided not to…
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May- 2024 -20 MayNews
Today’s news in brief-20/5/24
Asda reported a robust financial performance for Q1 2024, with a 6.6% increase in total revenues (excluding fuel) to £5.3bn and a 1.4% rise in like-for-like sales. The supermarket chain saw notable growth in its George at Asda clothing line and homewares, with the latter boosted by the new Stacey…
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20 MayShopping Centres
British Land sells 50% Meadowhall stake for £360m
British Land has announced that it has sold its 50% stake in the Meadowhall shopping centre in Sheffield. The company has revealed it has sold its stake to Norges Bank Investment Management for £360m. This follows the sale of some ancillary land by the Joint Venture for £7m (British Land…
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Jan- 2024 -16 JanuaryNews
Today’s news in brief-16/1/24
Card Factory reported a 10% increase in total sales for the 11 months ending December 2023, reaching £476.9m, driven by robust Christmas trading. The like-for-like (LFL) store revenue surged 7.8% in November and December, attributed to increased transactions and higher average basket values. The Store Evolution Programme positively impacted space…
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16 JanuaryShopping Centres
Mike Ashley considers Meadowhall shopping centre bid
Mike Ashley is reportedly considering a bid to acquire Meadowhall shopping centre in Sheffield, according to The Times. Frasers Group, majority owned by Ashley, is “one of a handful of parties” that have registered an interest in the shopping centre. British Land and Norges Bank put the 1.4m sq ft…
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Dec- 2023 -6 DecemberNews
Today’s news in brief-6/12/23
Farfetch is reportedly contemplating the sale of fashion retailer Browns as part of efforts to secure the company’s future amid a funding crisis. Founder José Neves is in talks with shareholders and JP Morgan about potentially delisting the business. The company is also in discussions with Richemont for additional funding.…
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