Foyles reports flat Christmas January 3, 2013 FOYLES yesterday posted flat sales over Christmas after a weak performance at its flagship Charing Cross Road branch was offset by strong trading at Westfield Stratford and online. The bookseller said while the sales period between Christmas and New Year proved “exceptionally strong”, its overall performance was dragged down by weaker trading between 1 December [...]
Buoyant central London is in an economic world of its own December 10, 2012 IF you work or live in central London, you could be forgiven for not believing that the UK remains stuck in a nasty stagnation, let alone at risk of a triple-dip recession, as Vince Cable intimated yesterday. The shops are full, the tubes jam-packed and new skyscrapers are being built; Fortnum and Mason, the department [...]
Telford quadruples profit on the back of Olympics success November 28, 2012 EAST London developer Telford Homes yesterday reported a fourfold increase in pre-tax profits driven by a step up in demand for its properties on the back of the Olympics. The group has sold £60m of new homes at its Stratford Plaza development near Westfield shopping centre which is due to be completed in 2015. Some [...]
Young’s pubs by the Olympic park get gold November 22, 2012 THE COW and Calf pubs at the centre of Stratford’s Westfield shopping centre were the highlight of an impressive six months for Young and Co. with the venues seeing record numbers of visitors during the Olympic Games. The two pubs “shattered all our previous sales records in the second week of the Games,” Young’s said, [...]
Westfield Stratford makes almost £900m in sales in first year November 2, 2012 The Westfield shopping centre in Stratford generated £896m in sales in its first year, boosted by the Olympic and Paralympic Games. The shopping centre, which is the largest in Europe, attracted 47m visitors over the year, the Westfield Group said today. The Australian property group’s UK portfolio was over 99.5 per cent leased over the [...]
Westfield Stratford makes almost £900m in sales in first year November 2, 2012 The Westfield shopping centre in Stratford generated £896m in sales in its first year, boosted by the Olympic and Paralympic Games. The shopping centre, which is the largest in Europe, attracted 47m visitors over the year, the Westfield Group said today. The Australian property group’s UK portfolio was over 99.5 per cent leased over the [...]
City A.M. Awards 2012 Winners October 17, 2012 City A.M.'s third annual awards celebrating the best and brightest of London's business, financial and investment communities. Over 500 guests from 116 different firms attended the celebration, held at the Grange Hotel in St Paul's. PERSONALITY OF THE YEAR Lord CoeLocog chairman Former Olympic middle distance runner and politician Lord Coe was a clear stand-out [...]
New offices were a safe bet for Coral October 10, 2012 THE ONE Stratford Place development is a 130,000 square feet grade A office complex, at the Westfield shopping centre in east London. The site is a stone’s throw away from the Olympic Village. Coral, the bookmaker, was the first occupier to move into the development. The company made the move from its former headquarters, about [...]
City Moves | Who’s switching jobs October 9, 2012 NGBI Private Equity David Turner has joined NGBI’s UK team as an investment manager. He qualified as an accountant with Grant Thornton before transferring into its corporate finance team, and was most recently a member of Experian’s corporate development office. Chadbourne and Park The law firm has announced that Silvia Fazio has joined the firm as an [...]
Hammerson outmanoeuvres Westfield in Croydon battle September 18, 2012 REAL estate developer Hammerson yesterday stepped up its battle with rival Westfield over the ownership of Croydon town centre after snapping up a stake in the leasehold of the area’s main shopping centre. The FTSE 100 listed firm said it had acquired a 25 per cent stake in the leasehold of the Whitgift Centre, a [...]