Shopping Centres

Shop vacancy rate rises to highest level in four years

The national town centre vacancy rate rose to 10.2% empty outlets, according to data from the BRC-Springboard Footfall and Vacancies…

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Retail rents fall as pressure on sector continues

High street shop prime rents fell by 1% in the first quarter of the year, according to real estate company…

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CMA blocks Sainsbury’s-Asda merger

The Competition and Markets Authority (CMA) has blocked the Sainsbury’s-Asda merger after finding it would lead to “increased prices in…

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Largest store for 25 years opens in Centre:MK

Centre:MK is set to open its largest store in 25 years with the opening of a 75,000 square foot Primark…

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Kuwait-based investors acquire 50% stake of Intu Derby

Intu properties and Cale Street Investments LP, an investment firm backed by the Kuwait Investment Office, London, have announced the…

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Shopping centre landlords offer free space to retailers

Revo, the organisation that represents the retail community, has launched a new competition to give budding retail entrepreneurs free space…

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Intu appoints new independent non-executive director

Shopping centre owner Intu has announced the appointment of Cheryl Millington as an independent non-executive director. The appointment will take…

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Springboard predicts Easter weekend footfall to ‘bounce back’

According to retail experts Springboard, Easter weekend UK footfall is forecast to rise by +2.1%, bringing a “sigh of relief”…

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Intu appoints finance boss as new chief exec

Following a nine month search Intu has appointed its current chief financial officer, Matthew Roberts, as its new chief executive…

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Hammerson reports £268m loss and eyes further disposals

Shopping centre owner Hammerson has reported a loss of £268.1m in its 2018 FY results, also announcing it aims to…

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