Shopping centres news and archive

UK stores will soon reopen, but are customers hesitant to return?

The re-opening of retailers across the UK will be a welcome sign for the economy, but shoppers may be hesitant to return. From mid-June non-essential stores will reopen, but with online shopping booming during lockdown, and newly imposed health and safety regulations changing operations, some are questioning if shoppers will return as before....

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Retail

Global shopping space rises to 41.9 square metres

London - Global shopping centre space has increased from 39 million square metres in 2014 to 41.9 million square metres in 2015, with Asian cities dominating nine out of the top ten most active global markets, according to a new report from global real estate advisor CBRE. The report measured shopping centre developments in 168 major cities...

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Retail

UK shoppers flock to shopping centres for Boxing Day sales

Although many UK consumers chose to eschew the lure of the high street in the week following Christmas, many flocked to offered warmth of the shopping centre to cash in on the much awaited Boxing Day sales. According to Hammerson's Retail Tracker (HART), which monitors sales activity and data from over 850 retail units across Hammerson's UK...

Design

British Land raises funds for retail investment

Major retail property investment firm, British Land, the owner of the Meadowhall shopping centre in Sheffield and Drakes Circus in Plymouth, has raised nearly 1 billion pounds to help it acquire a number of retail and office properties that are coming on to the market. The company has sold its Ropemaker Place development in London for 472...

Design

Shopping Centres effective for retail and brand marketing

The British Council of Shopping Centres and the Institute of Promotional Marketing have said that new research conducted by the two organisations has shown that shopping centres offer advertisers and brands the most effective venue for brand engagements and experiential marketing activity. The organisations said the outcome of the research was...

Design

No UK shopping centres to open in 2012

For the first time in almost 30 years, 2012 will be the first year to see no major shopping centres open in the UK, according to research commissioned by the British Council for Shopping Centres and retail property specialists Lunson Mitchenall. The BCSC/Lunson Mitchenall 2012 Shopping Centre Development Pipeline found that no new shopping...

Design

Shopping centres suffering for new space

Shopping centres are currently suffering as new research shows that just 31,500 sq m (339,063 sq ft) of new shopping centre space is to be developed this year, the lowest annual figure in almost 50 years. Commercial real estate firm Cushman & Wakefield says that only one new scheme, the 15,600 sq m Swan Shopping Centre in Yardley, will open this...

Fashion

Hammerson shopping centres' sales rise

After being hit hard by recession doom and gloom, shopping centres seem to be back having a moment. Hammerson UK which owns Brent Cross shopping centre and Birmingham’s Bull Ring, and is credited with introducing the first covered shopping centre in Europe, has announced that like for like shopping sales were up 1.5% year on year for the period...

Fashion

Shopping Centres Report Record-Breaking Trading

Despite reports of a seasonal slowdown, some shopping centres have reported record-breaking trading in the last weekend before Christmas, with many beating last year's figures. Annie Walker, director of London's Regent Street Association, which includes some of the capital's flagship stores, said Saturday was a "stunning" day, with the...