Property

Retailers cautious to invest as retail vacancies plateau

The overall vacancy rate for retail units in the UK remained at 13.8% of Q1 in 2023, the same rate…

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Aviva acquires Southampton retail park

Aviva Investors, the global asset manager of Aviva plc, has revealed it has acquired the Hedge End Retail Park in…

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Fortnum and Mason revamps flagship to appeal to wider audience

Fortnum and Mason is attempting to shed its image as a grocer for the super rich by revamping its flagship…

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British Land hails £120m in gross capital activity amid acquisitions

British Land has announced that it has made more than £120m in gross capital activity after acquiring three new retail…

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EG Group revenues jump 25% to $33bn

Asda owners the Issa brothers’ EG Group has revealed its full-year revenues surged 25% to $33.04bn (£22.5bn), which it said…

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Two major shopping centres secure net zero status

Two retail destinations, Quayside MediaCity in Salford and Gloucester Quays, have become the first shopping centres in the UK to…

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Frasers acquires former Debenhams flagship in Dublin

Frasers group has announced that it has bought a former Debenhams flagship store on Henry Street in Dublin. The 200,000…

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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…

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Sainsbury’s property deal with LXi REIT falls through

Property investor LXi REIT has announced it is pulling out from a deal to buy 18 Sainsbury’s stores in southern…

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Selfridges’ new owners to redevelop Oxford Street space

Selfridges’ new owners, Central Group and Signa Holding, have announced that a redevelopment of the “underutilised” hotel, car park and…

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