Tag : shopping centres
M&G suspends £2.5bn retail property fundSubscription
Investment firm M&G, which owns shopping centres across the country, has announced that it is temporarily suspending dealing in shares of its £2.5bn M&G Property Portfolio fund with immediate effect.
The great council retail property takeoverSubscription
Retail property companies are dumping assets as they seek to reduce their exposure to the sector, and councils are stepping in to buy them and taking on the risk and cost of developing them.
Intu calls in advisersSubscription
Shopping centre owner Intu is reported to have drafted in advisers to work on a balance-sheet restructuring.
Clampdown on councils buying shopping centresSubscription
The Treasury is reported to be making it harder for local authorities to buy struggling retail properties, as concerns rise that the investments could bankrupt local councils.
Drapers Hit or Miss: autumn 19 footwearSubscription
For the third part of Drapers’ autumn 19 Hit or Miss reviews, the team descended upon Birmingham’s Bullring shopping centre to put footwear retailers to the test.
Landsec swings into a lossSubscription
Landsec, owner of shopping centres including Trinity Leeds and Portsmouth’s Gunwharf Quays, has announced a loss before tax of £147m for the six months to 30 September 2019.
Shopping centres: the new rules of engagementSubscription
In the battle to attract footfall, shopping centres are redefining their relationships with retailers and transforming into venues for experiences.
The owner of Westfield shopping centres, Unibail-Rodamco-Westfield (URM), has reported a 16.3% year-on-year increase in shopping centres turnover to €1.56bn (£1.35bn) for the nine months to 30 September.
John Lewis seeks landlord discountsSubscription
John Lewis is reportedly seeking discounts from landlords, as it seeks to cut further costs from across the business.
Buyers circle IntuSubscription
Intu Properties, the embattled owner of locations such as Manchester’s Trafford Centre and Intu Lakeside in Essex, is reportedly exploring a buyout deal after a challenging period for its shopping centre portfolio.