th real estate news and archive

Developer pulls out of Princesshay extension

The Crown Estate and its partner TH Real Estate has pulled out of a proposed 75 million pound extension to the Princesshay shopping centre in Exeter citing “current market conditions”. In a statement, The Crown Estate explained that within the current market “many retailers and restaurateurs are now more cautious about making new commitments,...

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Business

Hammerson sells Thurrock Shopping Park in Essex

Hammerson has sold the Thurrock Shopping Park in Essex to TH Real Estate for 93 million pounds, as the property group continues to focus on “rotating” its retail assets. The park comprises of two retail schemes with a net internal area of 25,500 square metres and is located close to junction 31 of the M25. Current tenants include Marks and...

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Retail

John Lewis to anchor Edinburgh St James development

Department store John Lewis has confirmed that it has agreed to anchor the revamped St James shopping centre development in Edinburgh, after dropping its objection to the proposal. John Lewis had warned that the disruption and loss of around 53,000 square foot of retail space during the building phase would have an “unacceptably severe” impact...