Tag : shopping centres
Intu outlines shopping centre safety plansSubscription
Shopping centre owner Intu has outlined how it will safely support the gradual reopening of non-essential retail stores at its 14 UK shopping centres, in line with government guidelines.
Westfield braces for tough second quarterSubscription
Property firm Unibail-Rodamco-Westfield (URW) has said the coronavirus pandemic only had a “limited effect” on revenue in the first three months of 2020, but warned the impact will be felt more deeply in the second quarter.
Intu offloads Spanish shopping centreSubscription
Ailing shopping centre owner Intu has sold Spain’s Intu Asturias for €290m (£245.15m), as the business continues efforts to turn around its fortunes.
Westfield London and Westfield Stratford City have been named the best shopping centres in the UK for the second year running, scooping first and second place respectively.
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.