London landlord GPE benefits from better investment conditions Property GPE, one of central London’s biggest listed landlords said that the capital’s favourable investment market, with improving economic conditions and falling interest rates, has allowed the firm to push ahead with its expansion plans. Great Portland Estate signed 15 new leases and renewals during the quarter to 30 September, generating annual rent of £6.1m, with market lettings on average 6.4 per [...]
‘Scarcity of high-quality space’ drives activity for West End London landlord GPE Property One of central London’s biggest listed landlords said a “scarcity of high quality space” helped drive leasing activity in the year to the end of March.
London’s Oxford Street set for major boost after popular bargain store plots opening Retail London's Oxford Street is set to get a major boost after a popular off-price retailer is gearing up to open its second site on the retail drag.
Mike Ashley’s Frasers Group snaps up Luton mall in £58m deal March 17, 2023 Mike Ashely’s Frasers Group has snapped up The Mall in Luton in a £58m deal as the retail giant expresses its “confidence in the future of the UK high street”. The Mall in Luton spans 900,000 sq. ft of space and is home to more than 150 retailers including Primark, TK Maxx, and H&M. It [...]
Govt accused of ‘rank double standards’ as civil servants paid £30m in vouchers December 29, 2022 The Government has been accused of “rank double standards” after giving almost £30 million in high-street vouchers to civil servants amid a pay freeze prompted by the cost-of-living crisis. Sixteen Whitehall departments in 2021-22 paid out a combined total of £29.57 million to staff in the form of ‘reward and recognition’ vouchers, a third more [...]
Capital & Regional sells off East London residential site for £22m July 11, 2022 Property manager Capital & Regional (C&R) has sold off a residential development in Walthamstow for nearly £22m just months after snagging planning permission. The site at its 17&Central shopping centre in the East London district, which hosts businesses such as JD Sports, TK Maxx and River Island, has been sold to specialist developer Long Harbour, [...]
A happier theme for Christmas 2021 with the release of TK Maxx and Joules’ ads November 4, 2021 The emerging theme for this year's Christmas is a resounding 'better than last year' sentiment, with John Lewis and M&S dropping their heartfelt ads yesterday.
Amazon halts alcohol sales in Northern Ireland following new Brexit customs rules January 27, 2021 Online retail giant Amazon has halted sales of wines, beers and spirits in Northern Ireland as it prepares to de-list more products under new Brexit customs rules. The company is concerned that excise duty will now have to be paid twice on alcohol shipments sent from British mainland across the Irish Sea. Amazon suspended orders [...]
Wealthy UK cities showing resilience to retail downturn October 28, 2019 A group of wealthy cities such as London and Cambridge are faring relatively well during the UK retail sector’s downturn while shops in poorer and more rural areas suffer, a new report has said. Read more: Retailers brace for tough Christmas as confidence slumps Shopping parks have also shown resilience as the bricks-and-mortar retail sector [...]
TK Maxx defies retail gloom as sales top £3bn October 25, 2019 Budget retailer TK Maxx topped £3bn in sales in the last year, shrugging off high street woes with a rise in profit. US group TJX US, which is the parent owner of the fashion group, has reported a 6.4 per cent rise in sales to £3.1bn in the 12 months to February 2019. Read more: [...]