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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Nov- 2018 -14 NovemberDepartment Stores
House of Fraser to shutter Intu located stores
House of Fraser has announced “with regret” that House of Fraser is to close a further four stores located in Intu Shopping centres at Lakeside, Metrocentre, Norwich, and Nottingham. House of Fraser said the decision follows “various meetings” with the landlord, Intu Properties, but despite their “best efforts” the companies…
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14 NovemberShopping Centres
Intu gives consortium another extension to consider £2.9bn deal
Intu properties has given the consortium led by John Whittaker a second extension allowing them to consider making a £2.9bn offer. The consortium is made up of Whittaker’s investment firm the Peel Group, Saudi Arabian company the Olayan Group and Canada’s Brookfield Property Group. On 4 October 2018 the consortium…
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Oct- 2018 -31 OctoberShopping Centres
Intu gives Whittaker-led consortium two week extension to consider takeover bid
Intu properties has given a consortium, led by deputy chairman John Whittaker, a two week extension to make a firm bid or walk away from the £2.9bn deal. On 4 October 2018 a consortium comprising the Peel Group, the Saudi Arabian Olayan Group and the Canadian investor Brookfield Property Group…
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26 OctoberClothing & Shoes
Schuh profits fall 9.6% following ‘lack-lustre festive sales period’
Footwear retailer Schuh has announced a pre-tax profit fall of 9.6% down to £15m for the previous financial year. The retailer blamed a “lacklustre” festive period on an “overtly promotional retail market” in the footwear industry. Despite the profit fall the retailer announced a revenue rise in the year to…
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23 OctoberShopping Centres
Intu sees property value drop amid ‘challenging’ period for UK retailers
Shopping centre owner Intu, has revealed its property value has dropped by 3% since the 1 July amid a “period that has been particularly challenging for UK retailers”. The company, which is currently considering a £2.8bn takeover from a consortium led by investment firm owner John Whittaker, announced it…
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19 OctoberShopping Centres
Westfield London named UK’s top shopping centre
Westfield London has been named the UK’s best performing shopping centre according to new research. The research by GlobalData also placed Westfield’s Stratford City in second and Bluewater in third. The shopping centres were ranked on performance (footfall, sales, turnover, dwell time), potential (shopper spending and five year forecasts), provision…
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9 OctoberClothing & Shoes
G-Star Raw to open new UK stores following Portas appointment
Dutch fashion brand, G-Star Raw, is to open four new UK stores in London, Manchester, Watford and Lakeside following the appointment of Portas as its lead strategic agency. The group recently opened a 2,500 sq ft store in Sheffield’s Meadowhall, which became the brand’s first store under its new retail…
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5 OctoberShopping Centres
Intu deputy chairman considers takeover bid
John Whittaker, the deputy chairman of Intu, is believed to be considering a £2bn deal to take over the shopping centre developer that owns venues such as Lakeside in Essex and the Trafford Centre in Manchester. Whittaker currently owns 27% of the company and has formed a consortium via his…
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Aug- 2018 -30 AugustAnalysis
How accessible are shopping centres in the UK?
In 2016, the UK’s population peaked at 65.6 million. Reportedly, 18% of the population were aged 65 and over. With an ageing population, are businesses accommodating for elderly people and their differing needs? Similarly, are they making themselves accessible to those with disabilities? Despite Britain’s disabled population having a spending…
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Jul- 2018 -26 JulyShopping Centres
Intu issues rental growth warning, CEO to leave
Intu Properties has warned of lower rental income growth for the full year and also announced that CEO David Fischel is to step down. In its half-year results for the period ending 30 June Intu reported like-for-like net rental income rose by 1.3% at the lower end of its previous…
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