Savills
This coverage focuses on Savills’ role and activities within the UK retail property market, with reporting on their advisory work, retail property transactions, market insights, and strategic developments. Updates include Savills’ analyses of retail trends, shopping centre performance, leasing activity, and investment movements — supporting retail professionals, property managers, and executives in making informed decisions about locations, rents, and commercial property strategy.
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May- 2025 -27 MayHigh Street
Oxford Street vacancies drop below pre-pandemic levels
The rate of vacancies on Oxford Street in London has fallen to 0.5%, the first time it has fallen below 1% since before the pandemic, according to data from Savills. Savills attributed this to an undersupply of quality vacant space, noting that good quality retail space has become “increasingly constrained”.…
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Mar- 2024 -12 MarchNews
Sainsbury’s opens new store at Meols Cop Retail Park
Sainsbury’s has now opened a new 80,000 sq ft supermarket at Meols Cop Retail Park, Southport. The redevelopment of the site took ten years, and the overall cost of the scheme was over £30m. The scheme compromised the extensive redevelopment of an existing retail park with a new purpose-built store…
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Oct- 2023 -13 OctoberNews
Miniso opens new flagship store on Oxford Street
Globally recognised lifestyle retailer Miniso has signed a five-year lease for its new flagship store on Oxford Street. The retailer has become the latest one signing a new agreement in the block following the likes of Claire’s, Ann Summers and Intimissimi. The property provides approximately 3,200 ft of retail accommodation…
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Nov- 2022 -28 NovemberProperty
Oxford Street to see 1m sq ft of retail spaces converted to offices
London’s Oxford Street is set to see 1.32 million sq ft of new office schemes proposed for delivery in the next five years, in a move that has been called a “generational change” by Savills. Analysis from Savills found that the extent of potential in the conversion of former retail…
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Apr- 2022 -26 AprilNews
The pursuit of pop-ups
“Since reopening, retail sales have shown a ‘mixed bag’ of results. While the reopening of physical stores was unquestionably positive for the sector, there are still substantial operating costs associated with reopening which will be affecting retailer margins,” said the British estate agency, Savills. Savills made the comments as the…
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Oct- 2021 -1 OctoberProperty
Briscombe Retail Park sold for £1.35m
Briscombe Retail Park has announced that it has been sold to a local private property company for £1.35m. Savills completed the sale on behalf of VCD Asset Management, with the price reflecting a net initial yield of 5.63%. The multi-let retail park comprises 3,847 sq ft of accommodation and is…
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Apr- 2021 -9 AprilHigh Street
JD Sports, Frasers Group and Amazon eye Topshop flagship
A number of retailers have reportedly expressed interest in purchasing Topshop’s former flagship store, including JD Sports, Amazon and Frasers. According to Drapers,, the administrators of the 100,000 sq ft store have appointed Eastdil and Savills to explore a sale of the site. It also reports that the London store…
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Jan- 2021 -4 JanuaryHigh Street
Arcadia to offload flagship Topshop store
Arcadia Group has announced that Eastdil and Savills have been hired to oversee the sale of retail chain Topshop’s flagship store in central London. According to Sky News, Eastdil will reportedly handle the sale strategy for the building, whilst Savills will advise on future leasing options. It comes after the…
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Jul- 2019 -30 JulyPeople Moves
Centre manager appointed for upcoming Waterloo development
Commercial Developer LCR has appointed Lynne Glover as centre manager for its new development Waterloo.London. She brings over 30 years’ experience in the retail industry, joining from Angel Central Shopping Centre, where she acted as centre manager for nine years. She previously worked for CBRE, Savills, Debenhams and Buro Four.…
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12 JulyClothing & Shoes
Vans to move into former Miss Selfridge flagship site
Footwear brand Vans have signed a leased to takeover the site previously occupied by Miss Selfridge. Located in Oxford Street, London, Arcadia will remain the landlords of the site. Miss Selfridge will be moving into the basement of Topshop next door. In June, a CVA was approved for Arcadia Group…
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