Retail property news and archive

British Land sells off retail parks

Property group British Land has announced the sale of two UK retail parks for 78 million pounds. The St James Retail Park in Dumbarton, Scotland has been sold to The Legal & General Property Unit Trust for 45.75 million pounds, while the Cwmbran Retail Park in Wales has been sold to UBS for 32.3 million pounds. Charles Maudsley, head of retail...

Fashion

Retail land owners profit in downturn

As the retail sector continues to struggle in the economic downturn, the hardships are not shared by the larger owners of their shops, which have seen resilience in rents that defy high street gloom. According to the Financial Times, results from several of the big property companies this week show they have been mostly protected from the...

Fashion

Capital Shopping Centres reports good footfall

Capital shopping Centres, the leading retail property group, has today reported steady occupancy and rising footfall for the first half period. Overall occupancy across its 14 centres and some 2,400 retail units fell slightly to 96.8 per cent as of May 17th 2011, compared to 97.7 per cent in December, whilst footfall across its schemes grew...

Fashion

H&M owner buys Regent Street block

The Swedish billionaire owner of H&M has snapped up a prime slice of London's Regent Street in a £225m deal. Stefan Persson is believed to have struck an agreement late last week to buy the office and shopping block, whose tenants include Banana Republic, H&M and Armani Exchange.The sale comes amid bumper demand for commercial property, which...