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Retail

Norwegian sovereign wealth fund to buy Sheffield shopping centre Meadowhall

Meadowhall, an indoor shopping centre located in Sheffield, South Yorkshire, and one of the top five shopping destinations in the UK, is to be fully operated by Norway’s sovereign wealth fund. According to The Times, Norges, Norway’s 1.3 trillion pounds sovereign wealth fund, is in advanced talks to acquire British Land’s 50 per cent share of...

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Business

Newcastle’s Eldon Square unveils major 65 million pound revamp

Newcastle’s primary shopping centre Eldon Square is set to undergo a major overhaul in the coming year, banking on leisure, entertainment and dining as a means to bolster footfall. The reported 65 million pound redevelopment will see the introduction of new cultural, food and drink, sport, leisure and entertainment venues at the location, much...

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Retail

URW reveals development plans for Westfield Old Orchard in Illinois

Unibail-Rodamco-Westfield (URW) has unveiled an array of development plans for its Westfield Old Orchard site in Skokie, Illinois. The company said the North Shore destination will be “unlike anything else in Chicagoland”, with a park, event space and various amenities to be added to the modernised retail centre. The multi-phase plan already...

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Retail

URW set to open three new Westfield flagships throughout Europe

Unibail-Rodamco-Westfield (URW) has announced it will be furthering the roll out of its Westfield brand into Spain, Sweden and Poland. In autumn, the retail group will be rebranding three of its centres into Westfield flagship stores, including Parquesur in Madrid, Taby Centrum in Stockholm and Galeria Mokotow in Warsaw. It comes as part of URW’...

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Westfield London’s Future Fashion winners reveal commissioned work in exhibit

London-based retail park Westfield has announced the six winners of its Future Fashion competition through a commissioned showcase at the shopping centre. In collaboration with the Royal College of Art, selected finalists were commissioned 2,000 pounds to complete their work and exhibit it through one of the eight windows along the Silver Walk....

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Retail

Intu to pilot seven new technologies during its second start-up accelerator

New technologies that can reduce carbon emissions and deliver shoppers’ bags directly to their cars will be tested by shopping centre owner Intu across its 14 UK locations this month as part of its second start-up accelerator programme. The shopping centre owner has signed up seven start-up companies, selected from 97 applicants, who will be...

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Retail

Intu Watford to undergo makeover ahead of multi-million pound expansion

Shopping centre intu Watford is set to undergo a multi-million pound makeover ahead of the launch of its 180 million pound expansion later this year. Prior to the opening of the 400,000 square foot extension, Intu is set to invest an additional 13 million pounds in updating the shopping centre interior, replacing the flooring, ceilings and...

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Business |UPDATE Featured

Hammerson withdraws ​its ​offer for Intu

London - UK shopping centre giant Hammerson has called off its proposed 3.4 billion pound deal with smaller rival Intu, citing a weak market and a disconnect between share price and the value of its business. In a statement issued this morning, the board of Hammerson noted that it “firmly believed in the strategic rationale of combining Intu’s...

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Retail

Intu Watford planned extension hits major milestone

London - Intu Watford 180 million pound extension, set to open in October, has reached a key milestone. Set to add an additional 400,000 square feet of retail and leisure space, the new extension will place Intu Watford alongside Edinburgh and Bristol in CACI's top 20 national retail destinations, making it one of the best places to shop in the...

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RetailFeatured

UK shopping centres to open an additional 1.5 million sq ft in 2018

Although the retail sector faces a number of challenges, such as an uncertain consumer backdrop, rising operational costs and the ongoing growth of e-commerce, that has yet to stop UK retailers and property developments from investing in traditional brick and mortar locations as the UK is set to welcome 1.5 million square feet of additional...

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RetailFeatured

Plans for 1.4 billion pound redevelopment of Whitgift Centre in Croydon given green light

Plans for the new 1.4 billion pound redevelopment of Whitgift Shopping Centre in Croydon have been given the green light by the local council. The Croydon Partnership, a joint venture between retail developers Westfield and Hammerson have been given planning consent from the London Borough of Croydon to redevelop the former shopping centre into...

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Retail |REPORT Featured

Local shopping centres boost regional economic growth

Visitor footfall to shopping centres may be on the decline, but that has not affected the effect that physical shopping destinations have had on regional growth across the nation. In fact, UK shopping and leisure centres, such as intu Trafford Centre, Lakeside and Watford have helped company owner intu group contribute 4.9 billion pounds to...

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