hermes investment management news and archive

Offering consumers ‘experiences’ is the future of shopping

The future of shopping will require retailers and shopping centres to embrace “community builders”, use “emotionally intelligent” staff to act as brand experiences, and offer experiences to connect with consumers, a new report commissioned by the owners of Centre:MK has found. The Milton Keynes shopping centre owners, Hermes Investment...

Retail

River Island to upsize store in Centre:MK

River Island is doubling the size of its store in Centre:MK in Milton Keynes to create a regional flagship store. The fashion retailer will double its existing unit to 20,000 square foot to accommodate the brand’s full range of womenswear, menswear and children’s fashion ranges. The refurbishment of the Acorn Walk located store will be designed...

Retail

Hermes outlet malls report strong performance

Hermes Investment Management, which owns three outlet malls Clarks Village, Freeport Braintree and Junction 32, have reported a significant increase in sales and footfall in 2016 across all three locations. Clarks Village in Somerset, Freeport Braintree in Essex, and Junction 32 in West Yorkshire, collectively saw sales increase by 6.7 percent...

Retail

Milton Keynes Centre:MK to undergo 60 million pounds revamp

Centre:MK, shopping and leisure destination in Milton Keynes, is set to undergo a 60 million pound revamp over the next three years. The first stage of the refurbishment, which includes the 10 million pound renovation of Sunset Walk, the new premium quarter in the centre was recently completed according to the joint owners of the centre Hermes...

Retail

Freeport Braintree adds fashion brands

Freeport Braintree, the premium designer outlet mall in the East of England, has added new fashion brands, including Hugo Boss. The outlet mall owned by Hermes Investment Management spans more than 220,000 square foot, featuring more than 90 stores, and welcomes close to three million visitors annually. Luxury fashion retailer Hugo Boss has...

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Business

Centre:mk invests 10 million pounds in premium quarter

Hermes Investment Management is to invest 10 million pounds in Centre:mk Milton Keynes for a refurbishment programme to create a new premium quarter in the shopping centre. Located on the Centre:mk’s Sunset Walk, the premium quarter will feature a contemporary environment with new white Emperador marble flooring and ceilings, as well as bespoke...

Retail

Royal Victoria Place gains planning consent

Plans for a 70 million pound extension to the Royal Victoria Place shopping centre in Tunbridge Wells has gained planning consent. Tunbridge Wells Borough Council granted planning permission for Royal Victoria Place to be extended by around 173,000 square foot, to allow new retail, food and beverage, and leisure space including a cinema to be...