At last week’s World Retail Congress, Sir Philip Green said there were too many retail outlets chasing too few shoppers, with the number of customers remaining flat since the financial crisis. “It’s a competitive market place with too many shops,” he ... Read more
British Land has sold seven food stores for a total of £118m, of which its share is £62m, to institutional investors at net initial yields of between 4.95% and 5.7%, in line with March valuations. The company, which was represented by Morgan ... Read more
NewRiver Retail last week announced it had received detailed planning approval for the major redevelopment of its Forum Shopping Centre in Wallsend. The 91,000 sq ft retail property near Newcastle will be modernised and extended to include ... Read more
The IPD last week held its first Income Seminar in London, at which it heard views on the risks and advantages relating to income in the UK property market. While falling capital values have put fresh emphasis on the importance of income returns to ... Read more
The future of retail involves bricks and mortar as well as online sales, says CBRE. Multichannel retailing – where retailers use a variety of ways to do business with consumers, including in-store, online via computer and mobile apps – is set to ... Read more
We are about to enter an exceptional period of opportunity for buyers of secondary property, says GVA. In its recently published guide to secondary property, the firm says pricing is becoming more realistic as vendors and advisers “are slowly and ... Read more
Savills reports that UK commercial property development activity fell in all nine monitored sectors in August. The firm also says the decline in activity was the fastest since December 2011. The construction PMI data for August had signalled only a ... Read more
UK property has underperformed equities and Gilts so far this year, as a result of its capital declines, says the IPD. Property returned 1.6% in the eight months since the beginning of 2012 compared with 7.0% for equities and 5.2% from Gilts. But ... Read more
The BCSC this week held its annual conference and exhibition in Liverpool. Among the many events was a meeting with the Local Government Association to launch a new relationship aimed at exploring new opportunities to stimulate investment in the UK’s ... Read more
Next year is forecast to bring an upturn in UK shopping centre development, says Cushman & Wakefield, with nearly 175,000 sq m of new shopping centre space in the pipeline for 2013. The development pipeline has ground to a halt this year amid ... Read more
