Landsec

Sephora to open Oxford store in autumn 2025

Sephora UK has announced plans to open a store at Westgate Oxford in autumn 2025 – the retailer’s 11th in the UK and its fifth to be confirmed for the year. The 3,919 sq ft site will offer what the company describes as an “accessible and inspiring” shopping space in…

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Landsec to invest £1bn in its retail estate amid strong FY25

Property group Landsec has announced plans to increase its investment in its retail estate by £1bn amid strong FY25 performance.  The company’s retail portfolio delivered 5.1% LFL net rental income growth for the year ended 31 March 2025, with occupancy up 110bps to 96.6%, £39m of lettings signed or in…

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Today’s news in brief-8/4/25

Levi Strauss & Co reported a strong start to 2025, with Q1 sales rising 3% to $1.5bn (£1.17bn) and adjusted EBITDA surging 47% to $204m (£159m), exceeding expectations. Direct-to-consumer revenues grew 9%, while wholesale sales increased 3%. The Levi’s brand saw an 8% global organic growth, with the Americas up…

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Primark to double footprint at White Rose Leeds

Primark has announced that it is set to double its presence at White Rose Shopping Centre in Leeds from from 26,200sq ft to 55,700sq ft. The expansion commenced this week (7 April) and is expected to be completed by 2027. The value retailer follows in the footsteps of JD which…

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Today’s news in brief-19/2/25

Inflation in the UK reached its highest level in 10 months, hitting 3% in January 2025, up from 2.5% in December 2024, according to the Office for National Statistics (ONS). Key drivers included rising air fares, private school fees, and food and drink prices. Air fares did not fall as…

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Landsec given permission to revamp former Debenhams into city square

Landsec has secured planning permission from Cardiff City Council to transform a former Debenhams unit into a 102,000 sq ft city square. The redevelopment, designed in collaboration with over 5,000 local residents, will respond to consumer demand for high-quality leisure experiences, green spaces, and family-friendly environments. Bruce Findlay, managing director…

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Today’s news in brief-17/12/24

Shein’s potential London IPO may challenge regulatory norms as the company reportedly seeks a waiver from the UK’s 10% public float requirement. If successful, it would mark a first for London’s stock market. Shein filed confidentially with the FCA in June but faces delays due to regulatory scrutiny, including concerns…

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Landsec acquires 92% stake in Liverpool ONE

Landsec has acquired a 92% stake in Liverpool ONE from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) (69%) and Grosvenor (23%) for an overall consideration of £490m. Of this total consideration, a payment of £35m to ADIA is deferred for two years. The income return on…

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Next triples presence at Bluewater with new upsized store

Next is growing its presence at Bluewater Kent by tripling its footprint at the shopping centre.  The retailer will relocate into one of its largest stores in the UK as brands increasingly look to invest in the best locations.  Next is upsizing from its existing 44,600 sq ft store into…

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Sosandar opens fourth site in Cardiff

Sosandar, the women’s fashion brand, has announced that it has signed a lease agreement for its fourth store, in Cardiff’s St David’s centre. The news follows the recent store openings in Chelmsford, Marlow and the Metrocentre. St David’s occupies one third of Cardiff’s city centre and Sosandar’s new store will…

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