Cushman & Wakefield reports that more than 10% of UK shops are now available to let or vacant, with sharp differences between regions. As of February 1, the company’s Retail Availability survey shows 10.7% vacancies overall, up 0.4 percentage ... Read more
Liberty International, the UK’s largest shopping centre operator, has announced plans to separate its retail operations from the rest of its commercial property business, with both companies to trade on the London Stock Exchange. The group says ... Read more
Andrew Jones, who previously ran the £5bn retail property portfolio at British Land, is heading up a new company called Metric Property that has plans to float on the London Stock Exchange in a £150m IPO. Metric Property is hoping to take ... Read more
After a slower than expected start to 2010, the CB Richard Ellis Monthly Index for commercial property showed an acceleration in capital growth for February. Capital values rose by 1.4% last month, producing total returns for All Property of ... Read more
At the BCSC Shopping Centre Management Conference being held this week, speakers have referred to a range of reasons for caution about the short-term outlook for retail property in the UK. However, they have also stated their belief that brighter ... Read more
London’s famous Liberty department store building has reportedly been put up for sale. Knight Frank has been appointed as agent and has placed a price-tag of £40m on the Tudor-style landmark, according to press reports. The building is sited just off ... Read more
The latest research from Cushman & Wakefield suggests that while average retail property rents continued to fall in 2009, the pace of decline is slowing and some stabilisation can be expected this year. In the final quarter of last year rents ... Read more
Writing in today’s Liverpool Daily Post, Stephen Robertson, director-general of the British Retail Consortium, issues a plea for better care of our High Streets. He points out that while 12% of retail space for sale or to let is vacant across the UK, ... Read more
Up to one in five shops lies empty across Kent, the Midlands and the North East. This is the downbeat finding of the latest Local Data Company (LDC) report, which shows that vacancies have continued to rise during the past two quarters – although the ... Read more
Recent figures from the retail sector suggest that there may be some levelling out of the downturn in rents and activity, but the latest report from the BCSC shows that considerable pressure remains in some areas. The BCSC says that its research, ... Read more
