Lakeside
This coverage focuses on Lakeside’s significance within the UK retail sector, examining how developments at the shopping centre impact retailers and brands. Reporting includes store openings and closures, tenant changes, refurbishment projects, marketing initiatives, footfall trends, and management updates — all analysed for their implications on retail performance and customer engagement. The content is tailored for retail managers, executives, and professionals overseeing operations in shopping centre environments.
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Dec- 2021 -7 DecemberDepartment Stores
Harrods launches new partnership with Klarna
Luxury retailer Harrods has announced a new partnership with Klarna, a global retail bank, in a bid to offer customers more “flexible” and “convenient” payment options. Harrods UK will allow shoppers to use Klarna’s Pay in three payment options for beauty purchases in Harrods Beauty Hall, as well as across…
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Mar- 2021 -16 MarchShopping Centres
SGS reveals host of new lease deals
SGS, the property company that manages four UK retail and leisure destinations – Lakeside, Atria Watford, Braehead and Victoria Centre – has announced a string of lease renewals, extensions and new deals. One of the deals, will see Apple renew its lease on a 5,502 sq ft space at its…
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Jul- 2020 -16 JulyComment
Intu the unknown: The future of the shopping centre
Saddled with unsustainable levels of debt and lacking rental income over the past two quarters due to Covid-19 restrictions, Intu finally announced its move into administration earlier this month. The shopping centre giant’s collapse left thousands of shops and livelihoods on the line and it represented a pivotal moment for…
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Jun- 2020 -8 JuneCoronavirus
Intu places KPMG on standby as administration threatens
Shopping centre owner Intu has reportedly placed KPMG on standby in case it falls into administration ahead of an important period for the business. According to Sky News, Intu will appoint KPMG to handle an insolvency process if lenders refuse to freeze its debt obligations. Intu has reportedly requested a…
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May- 2020 -15 MayCoronavirus
Poundland to reopen 36 stores across the UK
Discount chain Poundland has revealed it is set to open 36 stores across the UK next week as it begins to reopen its store estate. While most of Poundlands stores have remained open for “essential” shopping, In March, the retailer closed around 100 stores that were located close to another…
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Mar- 2020 -26 MarchCoronavirus
Intu receives only third of rent
Intu revealed that it has received only 29% of its second quarter rent that was due from tenants on 25 March. For the same period last year, it had received 77% on the quarter day, and the group is now in discussions with its customers regarding the outstanding rents. In…
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13 MarchShopping Centres
Intu warns of its future amid £2bn loss
Shopping centre owner Intu has warned of its future if it cannot raise extra funds, after it reported a £2bn loss for the year ending 31 December 2019. In the update announcing the news, the owner of Intu Lakeside and Manchester’s Old Trafford centre, said there is “material uncertainty” in…
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4 MarchShopping Centres
Intu abandons £1bn equity raise plans
Intu revealed it has abandoned plans to raise between £1bn and £1.5bn in emergency cash, citing “current uncertainty” in the equity markets. The retail property group had previously announced it was reviewing a “range” of options to fix its balance sheet and establish a “more appropriate” long-term capital structure. In…
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Jan- 2020 -20 JanuaryProperty
Intu seeks £1bn of emergency funds
Intu has announced it will seek to raise equity in its efforts to fix its balance sheet. The commercial real estate giant said it was a “number one priority” to make progress in its strategy to fix the balance sheet, which included targeting an equity raise alongside its full year…
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10 JanuaryHigh Street
Game to shutter 40 UK stores
Video game retailer Game has confirmed it intends to shutter 40 stores throughout the UK. To date, 13 sites have had notice served including existing Game sites in Mansfield, Canterbury, Watford, Glasgow Fort and Leicester. On 8 January notice was served on a further 14 sites impacting outlets owned mostly…
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