‘Significant transaction’: Costco searches for suitable Locations for 14 new UK stores Aug 17, 2023 Costco, the bulk buy retailer, is ramping up its expansion drive in the UK with plans to open 14 new warehouses over the next two years. The company is actively looking at several locations, including Brighton, Cambridge, Chelmsford, south Glasgow, southeast London, and Oxford, with the intention to open as soon as possible. However, the […] Posted by: Mya Driver Read more
British Land Announces Potential £750m Sale of Iconic Meadowhall Centre Sep 18, 2023 Sheffield, UK – In a significant move reflecting the evolving retail landscape, British Land has unveiled plans to sell the renowned Meadowhall shopping centre in Sheffield for an estimated £750 million. This monumental sale, if finalized, would rank among the UK’s most substantial retail property deals in the past few years. Opened in 1990, Meadowhall […] Posted by: Mya Driver Read more
Realty Seals £200.8m Agreement for 11 UK Retail Parks Sep 18, 2023 In a significant move in the UK’s real estate sector, the American real estate conglomerate, Realty, has announced an agreement to acquire 11 retail parks from Ediston Property Investment Company for a sum of £200.8 million. The deal, which involves Ediston’s entire property estate, is with RI UK 1 Limited, a subsidiary of Realty. The […] Posted by: Mya Driver Read more
£150m redevelopment of the Enkalon Business Park in Antrim Jan 10, 2023 Plans for the site near The Junction retail park have been submitted by Errigal Group who bought the industrial estate in 2019. At present, the space is being leased to tenants for warehousing, distribution and showroom. Since it’s purchase, the company has conducted £2m worth of upgrade works. It’s envisioned that the project will consist […] Posted by: Mya Driver Read more
£200M Bristol ‘Sporting Quarter’ and new housing to get greenlight Sep 28, 2022 Proposals to build a 3,600-seater sports arena and convention centre next to Ashton Gate Stadium, along with 510 new homes nearby, look likely to get the greenlight next week after receiving the backing of Mayor Marvin Rees and city council planners. The £200 million Ashton Gate Sporting Quarter will consist of a sports and convention […] Posted by: Mya Driver Read more
£350m Blackpool Talbot Gateway regeneration progresses with release of new retail units Jul 7, 2023 Over 5,000 sq ft of retail space has been released as part of Blackpool Council’s £350m Talbot Gateway development. The units sit at the ground level of the 144-bedroom Holiday Inn hotel and surround the new tram terminal. The development includes a new underpass connecting passengers from Blackpool North train station with the new tramway […] Posted by: Mya Driver Read more
£365m Starwood Capital loan unlocks redevelopment of London shopping centre Jan 10, 2022 Get Living, the UK’s leading build-to-rent operator of large-scale neighbourhoods, has secured a £365m development loan from controlled affiliates of Starwood Capital Group, which represents one of the UK’s biggest development loans in the past year, to fund the redevelopment of the former Elephant & Castle Shopping Centre. The loan facility with Starwood Capital, which […] Posted by: Mya Driver Read more
19 former Carpetright stores acquired by Bensons for Beds Aug 7, 2024 Bensons for Beds has acquired 19 former Carpetright stores after their administration in July. The retailer intends to commence trading from the new locations over the course of the next few months and is seeking former Carpetright employees to join them. The locations of the former stores are spread across the country in Aberdeen, Ashton, […] Posted by: Mya Driver Read more
abrdn expecting new growth phase in the real estate sector fuelled by REITS, Rates and Rents Oct 24, 2024 Publishing its Q4 Real Estate House View, abrdn that said they believe that Real Estate has turned a corner and is moving into a new growth phase, with a rebound imminent as rate cuts start to come through. abrdn has upgraded its investment view on real estate from neutral to overweight for the first time […] Posted by: Deividas Krupstas Read more
Acquisition of The Gyle Shopping Centre and Launch of Open Offer Aug 10, 2023 Capital & Regional (LSE: CAL), the UK focused REIT with a portfolio of in-town community shopping centres, is pleased to announce that it has entered into an agreement to acquire The Gyle Shopping Centre (“The Gyle” or the “Property”) in Edinburgh for a total acquisition consideration of £40 million, excluding acquisition costs. The consideration for […] Posted by: Mya Driver Read more
ADG sells co Durham retail development for £2.6m Feb 24, 2023 Rapidly expanding Yorkshire-based property company Almscliffe-Dhesi Group (ADG) has sold a prominent retail development in Stanley, Co Durham for £2.625 million. ADG has transformed the brownfield site in Agnes Street into a popular roadside destination with national occupiers Starbucks, Greggs and Domino’s. also included are 4 electric vehicle charging points provided by Osprey. The development […] Posted by: Mya Driver Read more
ADG submits plans for Peterlee retail centre Jan 3, 2023 Yorkshire-based Almscliffe-Dhesi Group (ADG) has submitted plans to Durham County Council for a new centre on the former Vauxhall Car dealership site off Passfield Way, in a move it says would create up to 100 full and part-time jobs. High-profile tenants already signed up for the 13,027sqft sq ft development include national retailers Sainsbury’s, Tanning […] Posted by: Mya Driver Read more
