The strong rally in retail property investment markets continues apace, albeit with growing signs of a market that is ‘pausing for breath’. According to IPD, capital values for all retail increased by 1.65 per cent in March. Capital values for shopping centres lagged behind this growth at 1.41 per cent as they were outperformed by retail warehousing (+1.95 per cent) and standard shops in the South East (+1.50 per cent).
- Landlords slam government u-turn on pre-packs
The British Property Federation has criticised the government for scrapping proposed new legislation that would have tightened the rules on pre-pack administrations
Published: 26 January, 2012 - Resolution buys Edinburgh’s Ocean Terminal
Forth Ports has sold the 420,000-sq ft Ocean Terminal shopping centre, on Edinburgh’s waterfront, to Resolution Property
Published: 25 January, 2012 - CSC plans two more deals with Peel
CSC has cemented its ties with Peel after the acquisition of the Trafford Centre, buying sites in Glasgow and Malaga
Published: 25 January, 2012 - Land Securities' Salway to step down
Land Securities' chief executive Francis Salway is to step down in March, to be replaced by Robert Noel
Published: 25 January, 2012 - European retail real estate investment volumes grow
Preliminary analysis suggests that direct investment in retail real estate for 2011 is likely to exceed €28bn, according to Jones Lang LaSalle, representing a significant increase on 2009 and 2010 total volumes of €12.3bn and €20.7bn respectively.
Published: 11 January, 2012 - St David's sold to Swansea Council and Welsh Government
DTZ, part of UGL Services, has advised the City and County of Swansea and the Welsh Government on the purchase of St David’s shopping centre in the city from Threadneedle.
Published: 10 January, 2012 - LGP sells Brighton retail park
Legal & General Property sold Brighton Retail Park in East Sussex to a client of Scottish Widows Investment Partnership for £17.75m , representing a net initial yield of 5.08 per cent
Published: 06 January, 2012 - Retail property faces tough 2012
Retail property is in for major changes during 2012, according to new research from Jones Lang LaSalle
Published: 04 January, 2012 - Birkenhead centres sold for £70m
Grange and Pyramids sold by Lloyds Banking Group at higher than 10 per cent yield
Published: 04 January, 2012 - Investment turnover slows
Shopping centre investment turnover slowed in the final quarter of 2011, according to Cushman & Wakefield
Published: 04 January, 2012 - Investment market surges in 2011
Knight Frank reports increased shopping centre investment turnover in 2011
Published: 21 December, 2011 - AXA sells Harlow trade park for £10m
AXA Real Estate Investment Managers has sold Ascent Park to Standard Life Investments for £9.97m, representing an average yield of 6.2 per cent
Published: 15 December, 2011
L&G buys The Meadows in Chelmsford for £56mLend Lease sells Essex mall to Legal & General Property’s UK Property Income Fund
Published: 07 December, 2011- DTZ bought by UGL for £77.5m
Parent company enters pre-pack administration to drive deal through
Published: 05 December, 2011 - Metric fund buys in Orpington
Metric Income Plus Limited Partnership in Carpetright sale-and-leaseback
Published: 02 December, 2011 - Orchard Street buys Edinburgh retail park
£24.5m deal for 71,371-sq ft park shows 6.16 per cent initial yield
Published: 29 November, 2011 - Quintain to re-market London Designer Outlet investments
Part-sale deal collapses as investment partner fails to raise finance
Published: 29 November, 2011 - CSC extends Nottingham holdings
Capital Shopping Centres buys remaining 25 per cent of Broadmarsh Centre, Nottingham
Published: 28 November, 2011 - Metric launches joint venture with USS
Metric Property Investments has created a £150m joint venture with Universities Superannuation Scheme to buy small, higher yielding,retail parks
Published: 15 November, 2011 - NewRiver buys in the south-east
NewRiver Retail has bought the Newland shopping centre in Witham, Essex and a shop unit in Burgess Hill, Sussex
Published: 15 November, 2011 - European retail investment volumes up 35%
Jones Lang LaSalle reports European retail real estate investment on target to reach € in 2011, up 35 per cent on 2010
Published: 15 November, 2011 - Westfield buys in Croydon and sells in Nottingham
Westfield Croydon to become third major London scheme
Published: 10 November, 2011 - Vacancies down at Land Securities
Land Securities saw an improved performance from its retail portfolio in the six months ended 30 September 2011
Published: 10 November, 2011 - Footfall and sales down at Hammerson
Hammerson saw declines in footfall and sales during the three months to 30 September 2011
Published: 08 November, 2011 - DTZ selects UGL as preferred bidder
DTZ has selected Australian FM company UGL as preferred bidder for the company
Published: 07 November, 2011 - Carlyle Group refinances Freeport
Freeport has announced the completion of its successful refinancing with new investment provided by a Middle East sovereign wealth fund.
Published: 02 November, 2011
Helical Bar buys Corby town centreHelical Bar has bought Corby town centre from Land Securities in a £70m deal, reflecting an initial yield of 8 per cent
Published: 21 October, 2011- DTZ puts itself up for auction
Following the collapse of sale talks with Saint George Participations and BNP paroibas, DTZ has invited new offers for the business
Published: 19 October, 2011 - DTZ takeover collapses
BNP-backed bidder pulls out of takeover talks
Published: 17 October, 2011 - Prime centres set to outperform
Henderson research forecasts prime centres will outperform at least up to the end of 2014
Published: 29 September, 2011 - Network Rail buys Victoria Place
Network Rail has bought the 83,000-sq ft Victoria Place shopping centre at Victoria station in London from William Ewart for £91.8m
Published: 27 September, 2011 - Helical acquires buys Tyseley regeneration scheme
Helical Retail has bought a 13-acre site at Reddings Lane in Tyseley, Birmingham. It plans to develop a 71,600-sq ft Asda supermarket and 70,000-sq ft retail park
Published: 27 September, 2011 - Metric acquires Pierpoint retail park for £15.5m
Metric Property Investments has acquired Pierpoint retail park, King’s Lynn from Black Pearl Investments. The purchase price is £15.1m (net of acquisition costs), reflecting a net initial yield of 6.3 per cent.
Published: 15 September, 2011 - BCSC: Developer TIF needed for economic growth
Retail property organisation BCSC and top retail developers have asked Government to introduce a developer-led Tax Increment Financing Model (TIF) that would allow the private sector to lead economic growth, and potentially unlock up to 50m sq ft of stalled retail schemes in the UK.
Published: 14 September, 2011 - Capital & Regional sells two more malls
The Mall Fund has disposed of two more properties in Barnsley and Middlesbrough
Published: 12 September, 2011 - Savills appointed as receiver on threee centres
Thamesgate Shopping Centre, Gravesend; Waterborne Walk, Leighton Buzzard and Wellington Way, Waterlooville placed in receivership
Published: 01 September, 2011 - Holiday season buoys retail fortunes at McArthurGlen
Tourists seeking out designer bargains drove a lift in retail performance at McArthurGlen’s seven UK Designer Outlets in July as total sales increased by +6.5 per cent year-on-year.
Published: 30 August, 2011 - West End sales up over Bank Holiday weekend
The West End saw 9.6 per cent uplift in sales over August Bank Holiday weekend.
Published: 30 August, 2011 - Improved performance at Capital & Regional
Capital & Regional unveiled a strong set of results for the first half of 2011, with asset values and profits up. But it announced plans to exit its X-Leisure fund to concentrate on the Mall and Junction funds
Published: 23 August, 2011 - Grosvenor acquires in Liverpool
The Grosvenor Liverpool Fund has purchased 52-78 Lord Street in Liverpool City Centre from Land Securities.
Published: 23 August, 2011 - Deals flow at NewRiver
NewRiver Retail has completed a series of deals to take its portfolio to £250m under management
Published: 22 August, 2011 - Support measures adopted for riot-ravaged retail sector
Following recommendations outlined by the BRC in a letter sent to David Cameron before he addressed the House of Commons yesterday, the Government has acknowledged the impact of the rioting on the retail sector and has put measures in place to support its recovery.
Published: 12 August, 2011 - Junction sells in Maidstone
Capital & Regional’s Junction Fund has soldSouthAylesfordRetailPark,Maidstoneto The Crown Estate for £70.6m
Published: 05 August, 2011 - Axa Real Estate sells major retail scheme in Macclesfield to Eskmuir
Axa Real Estate Investment Managers , on behalf of Friends Life, has sold the Grosvenor Shopping Centre in Macclesfield to Eskmuir Securities for £20.86m
Published: 05 August, 2011
Bath leisure scheme sold to Land SecuritiesLand Securities has bought a leisure and restaurant complex in Bath from Aprirose in an off-market transaction for £20m. The investment offers a 6.3% per cent net initial yield with a reversionary yield of 6.9 per cent
Published: 05 August, 2011- CSC continues to grow
Capital Shopping Centres reports growth despite challenging retail environment
Published: 02 August, 2011 - LaSalle completes acquisition in Dumbarton
LaSalle Investment Management has completed a long leasehold acquisition of the Artizan shopping centre in Dumbarton, near Glasgow, for £4.85m.
Published: 26 July, 2011 - European retail investment increases 34%
Direct investment in retail real estate in Europe during the second quarter of 2011 reached €4.9bn, according to Jones Lang LaSalle. Total investment volumes for the year to date now stand at €13.6bn, 34 per cent up over the same period last year.
Published: 19 July, 2011 - UK shopping centre stock levels increasing
A large number of UK shopping centres have come onto the market with over 20 schemes being openly marketed at present, according to Cushman & Wakefield.
Published: 19 July, 2011 - Metric Interim Management Statement released
Metric Property Investments has announced its interim management statement for the period from 1 April 2011 to 6 July 2011.
Published: 08 July, 2011 - Metric acquires in Cannock
Metric Property Investments has conditionally exchanged, pending a revised planning approval, on the acquisition of a redevelopment site in Cannock for a total investment of £5.8m.
Published: 07 July, 2011 - Orchard Street buys Old George Mall
Orchard Street Investment Management acquires Salisbury shopping centre
Published: 06 July, 2011 - Morrisons appoints Cushman & Wakefield
Morrison Plc has appointed Cushman & Wakefield to advise its asset management team on optimising value on a select number of retail assets within their growing property investment portfolio.
Published: 04 July, 2011 - NewRiver buys four malls from Zurich
£68m deal for four food-anchored shopping centres
Published: 27 June, 2011 - The Junction sells in Swansea
Morfa Shopping Park in Swansea sold for £80m
Published: 27 June, 2011 - Shopping centre investment market picks up
According to Savills 19 shopping centres are currently under offer equating to £630m with a further 24, worth £1.2bn, on the market.
Published: 22 June, 2011 - Wellgate acquired for £31.2 million
Invista Real Estate Investment Management has bought Dundee's Wellgate Shopping Centre for £31.2 million.
Published: 22 June, 2011 - Savills puts For Sale sign on sheds
Now could be the time to sell retail warehouses, says Savills
Published: 16 June, 2011 - Terrace Hill grows foodstore portfolio
Terrace Hill buys foodstore sites in Prestwich, Manchester and Herne Bay, Kent worth £60m
Published: 08 June, 2011 - NewRiver unveils maiden full year results
NewRiver Retail made pre-tax profits of £4.9m in the year to 31 March 2011
Published: 02 June, 2011 - UKCPT acquires The Rotunda leisure scheme
UK Commercial Property Trust managed by Ignis, has bought the Rotunda leisure scheme in Kingston upon Thames from Curo Property Funds for £50.7m, reflecting an initial yield of 6.47 per cent.
Published: 26 May, 2011 - Investment volumes hold up, says C&W
The UK shopping centre investment market had a strong start to the year according to Cushman & Wakefield
Published: 26 May, 2011 - Cardiff Bay sold for £5.4m
DTZ has successfully sold Dunleavy Drive retail and leisure scheme in Cardiff Bay on behalf of Swansea based property company, Compton Group.
Published: 23 May, 2011 - Retail drives European recovery
The European commercial real estate investment market continues to recover, driven by an increase in demand for prime retail property assets, according to the latest CB Richard Ellis (CBRE) European Capital Markets report.
Published: 18 May, 2011 - CAPCO buys in Covent Garden
Capital & Counties Properties has exchanged contracts for the acquisition of five freehold properties in Covent Garden, London, from Derwent London for £68m.
Published: 18 May, 2011 - DTZ confirms bid approach
Property consultant in talks with a number of suitors
Published: 12 May, 2011 - Henderson Global Investors buys Ashford Retail Park
Henderson Global Investors, on behalf of its £1.1bn UK Retail Warehouse Fund, has bought Phase 1 of the Ashford Retail Park in Kent for £14.25m, representing an equivalent yield of 5.4 per cent
Published: 09 May, 2011 - BCSC Asset Pricing Guide released
BCSC is calling for greater transparency and consistency in shopping centre investment advice in order to boost confidence in the sector as a long-term, sustainable investment class.
Published: 05 May, 2011 - Redevco buys in Bournemouth
Redevco has bought a block of prime multi-let retail properties at 56-76 Commercial Road, Bournemouth from a private Irish investor for £31m
Published: 03 May, 2011 - Redefine buys St Georges shopping centre, Harrow
AIM-listed Redefine International buys Harrow mall from Corovest for £68m
Published: 03 May, 2011 - Hammerson sells Three Spires for £33m
Hammerson has sold the Three Spires Shopping Centre in Lichfield to Orchard Street Investment Management weeks after buying it from S Martins.
Published: 28 April, 2011 - Investment market strengthens across Europe
European retail investment reached its highest level since the beginning of 2008, reports CBRE
Published: 20 April, 2011 - Trafford deal drives record investment turnover
Shopping centre investment enjoyed its strongest quarter since 2007, according to DTZ
Published: 13 April, 2011 - Barber back in business with Lathe Investments
Capital & Regional founder Martin Barber returns to the shopping centre business in a £500m venture with Lathe Investments
Published: 10 April, 2011
Mailbox posts £127m sale priceBrockton Capital and Milligan have bought the Mailbox in Birmingham city centre for £127.1m
Published: 06 April, 2011- Standard Life buys in Trowbridge
Standard Life Investments’ UK Property Fund has bought the Gateway shopping park in Trowbridge, Wiltshire, from Parkridge for £20.675m
Published: 05 April, 2011 - Refinancing releases retail investment stock
Savills predicts that over £120bn of property stock will have to be refinanced by 2012, leading to a rise in forced sales
Published: 31 March, 2011 - Hammerson buys St Martins portfolio
Hammerson has exchanged contracts to buy a portfolio of six retail properties from St Martins Property Investments Limited for £208m.
Published: 23 March, 2011 - Capital & Regional returns to profit
Strong recovery in pre-tax profits after prolonged downturn.
Published: 23 March, 2011 - British Land adds to Basildon holdings
British Land has bought the Mayflower Retail Park in Basildon for £51m
Published: 23 March, 2011 - Colliers warns of new downturn
The latest Property Snapshot from Colliers International points to deteriorating conditions in both the investment and occupational markets
Published: 21 March, 2011
L&G buys Aldershot leisure schemeLegal & General Property’s leisure fund has agreed to forward fund the Westgate leisure development in Aldershot with Citygrove Securities and Rushmoor Borough Council for £51m
Published: 21 March, 2011- Crown buys in Hemel
Invesco Real Estate sells Apsley Mills retail park to The Crown Estate for £35m
Published: 16 March, 2011 - Crown buys in Portsmouth
The Crown Estate has bought the Ocean Retail Park in Portsmouth from capital & Regional and Aviva's Junction Fund for £61m, reflecting a net initialy yield of 5.8 per cent
Published: 02 March, 2011
Henderson buys Christ’s Lane, CambridgeHenderson Global Investors has acquired Christ’s Lane, a prime high street asset in Cambridge, from Land Securities, for £33.16m, reflecting a 5.25 per cent net initial yield
Published: 28 February, 2011- Aldersgate Investment buys 100% stake in Eden
Aldersgate Investment Limited, the multi-billion pound property investments company, has purchased a further 50 per cent share in Eden shopping centre, High Wycombe, giving it 100 per cent ownership.
Published: 22 February, 2011 - Hammerson profits up 12 per cent
Hammerson has unveiled pre-tax profits up £15m to £145m in the year to 31 December 2010.
Published: 21 February, 2011 - Metric buys Leeds development site
Metric Property Investments has bought a standalone Bhs store in Kirkstall, Leeds for £12m
Published: 21 February, 2011 - British Land buys in Barnstaple
British Land has bought the Green Lanes shopping centre in Barnstaple for £30m at a net initial yield of over 8 per cent
Published: 15 February, 2011 - UKCPT buys Leicester retail park
UK Commercial Property Trust has bought the St George’s retail park, Leicester, from a fund managed by JP Morgan Asset Management for £49.9m
Published: 15 February, 2011 - Capital & Regional back on the acquisition trail
Capital & Regional has bought the Waterside shopping centre in Lincoln, its first property acquisition since 2009
Published: 09 February, 2011 - Sovereign and Area buy Ayr Central
Sovereign Land and Area Property Partners have acquired Ayr Central shopping centre from Henry Boot for £33.8m. The purchase price reflects a net initial yield of 6.25 per cent.
Published: 08 February, 2011 - Helical buys second shopping centre
After signalling its return to the sector before Christmas, Helical Bar has bought the Sutton-in-Ashfield Shopping Centre
Published: 01 February, 2011 - Colliers forecasts increased shopping centre investment in 2011
Turnover increased 72 per cent from 2009 to 2010, and more deals are forecast for 2011
Published: 30 January, 2011 - Trafford sale gets the green light
Capital Shopping Centre shareholders approve Trafford Centre purchase
Published: 27 January, 2011 - Freeport Talke invests £2m in centre relaunch
REALM has announced it will invest £2m in the remodeling of Freeport Talke Outlet Centre, near Stoke-On-Trent, including the launch of a Nike Outlet.
Published: 24 January, 2011 - Metric Property buys in Hove
Metric Property Investments has bought the PC World store in Hove for £8m
Published: 20 January, 2011 - Now is the winter of our discontent
The first quarter of the year is traditionally the toughest time for retailers, and corporate failures tend to be at their highest during the period. So what are the prospects for 2011?
Published: 20 January, 2011 - British Land refinances Tesco JV
British Land and Tesco have refinanced BLT Properties, one of their joint venture companies
Published: 19 January, 2011 - Mall Fund completes sale of Mall Galleries for £50.2m
HSBC European Active Real Estate Trust has bought The Galleries in Bristol from The Mall Fund for £50.2m.
Published: 17 January, 2011 - Metric acquires Channons Hill Retail Park in Bristol for £6.25m
Metric Property Investments has announced the exchange of its acquisition of Channons Hill Retail Park, Bristol for £6.25 million, reflecting a net initial yield of 9.3 per cent.
Published: 17 January, 2011 - Rockspring clients buy Maybrook Retail Park, Canterbury
Cheshire West and Chester Borough Council Pension Fund complete £17m retail park purchase
Published: 17 January, 2011 - UK dominates retail investment markets
Jones Lang LaSalle research finds UK is the hottest retail investment market in Europe
Published: 12 January, 2011 - Simon pulls out of CSC bid
Simon Property Group has announced that it will not now make a formal bid for Capital Shopping Centres
Published: 11 January, 2011 - CSC revises Trafford Centre offer
CSC insists Simon Property Group's indicative offer 'substantially undervalues' the company.
Published: 07 January, 2011 - Legal & General buys Fremlin Walk, Maidstone
Legal & General Property's UK Property Income Fund has bought Fremlin Walk Shopping Centre, Maidstone, from Europa Capital and Scoop Asset Management for £92m.
Published: 07 January, 2011
British Land Buys Drake Circus for £240mBritish Land has bought the 425,000-sq ft Drake Circus in Plymouth to show a 6 per cent yield
Published: 06 January, 2011
Henderson increases Birmingham Fort stakeHenderson Global Investors has acquired a further 12.5 per cent stake in the 300,000-sq ft Birmingham Fort Shopping Park tasking its holding to 50 per cent
Published: 06 January, 2011- Orchard Street buys in Bangor
Orchard Street Investment Management has bought the St David’s Retail Park, Bangor for £14m reflecting an initial yield of 7 per cent
Published: 05 January, 2011
Liverpool One in £385m refinancingThe Grosvenor Liverpool Fund has secured £385m refinancing for its 1.6m sq ft Liverpool One mixed-use scheme
Published: 05 January, 2011- The Mall sells Bristol centre for £50m
Mall fund continues disposal programme with sale of The Galleries in Bristol
Published: 04 January, 2011 - Helical buys The Guineas Centre in Newmarket
Helical Bar has paid £17.75m to buy The Guineas centre out of administration
Published: 04 January, 2011 - REITS return to out-of-town market
DTZ forecasts REITs will continue to buy retail parks in 2011
Published: 04 January, 2011 - Banks back Simon's CSC bid
Simon Property Group secures £3bn loan to back offer for Capital Shopping Centres
Published: 29 December, 2010 - Henderson buys Winchester’s Silver Hill development from administrators
Henderson Global Investors, on behalf of the Henderson UK Property Fund, has bought the 600,000-sq ft Silver Hill scheme from the administrators of Thornfield
Published: 22 December, 2010 - LIM buys Arena shopping park for £53m
LaSalle Investment Management has acquired the Arena Shopping Park in Haringey. The purchase price of £53m gives a 5.34 per cenyt net initial yield
Published: 22 December, 2010 - Lend Lease Retail Partnership extended
Bluewater and Touchwood owner sees lifespan extended for seven years
Published: 21 December, 2010 - LandSec buys Overgate in £141m deal
Land Securities has bought Overgate shopping centre in Dundee from the Lend Lease Overgate Partnership for £141m, representing a yield of close to 6.9 per cent
Published: 20 December, 2010 - Delancey acquires Blade portfolio
Delancey has bought the Blade portfolio from Propinvest Group for an undisclosed sum, partnering with existing lender Royal Bank of Scotland on the acquisition. The portfolio comprises 12 assets spread across the retail, leisure, office and warehouse sectors.
Published: 20 December, 2010 - Retail warehouse values bounce back
Out-of-town capital values rise 23 per cent in a year
Published: 20 December, 2010 - CSC rejects Simon bid
£3bn offer condemned as undervaluing portfolio
Published: 16 December, 2010 - Simon bids £3bn for CSC
425p per share offer shows 26 per cent premium to November share price
Published: 15 December, 2010 - Simon plots rival Trafford Centre deal
US retail property giant raised the stakes in its row with Capital Shopping Centres over the £1.6bn purchase of the Trafford Centre
Published: 14 December, 2010 - Metric buys in Milford Haven
Metric Property Investments has bought the Havens Head Retail Park in Milford Haven from Land Securities for £14.4m, reflecting net initial yield of 6.8 per cent.
Published: 14 December, 2010 - Wereldehave dives back into UK with Poole purchase
Dutch property giant Wereldehave has rturned to the UK market with the £85m purchase of the Dolphin Shopping Centre in Poole. The purchase price reflects a net initial yield of 6 per cent.
Published: 14 December, 2010 - Simon slams CSC's Trafford deal
Simon Property Group has turned up the pressure on CSC, urging fellow shareholders to vote down its purchase of The Trafford Centre. And it has again said it is prepared to bid for the company
Published: 08 December, 2010 - CSC hits back in Simon spat
Capital Shopping Centres has responded to Simon Property Group's attack on its Trafford Centre purchase
Published: 08 December, 2010 - Hammerson buys Telford retail park for £42m
Hammerson has bought the Wrekin Retail Park in Telford, for £42m from Legal & General Property
Published: 29 November, 2010 - US investor buys into UK shopping parades
US-based Pramerica Real Estate Investors has formed a joint venture with the Local Shopping REIT to invest in retail parades and precincts throughout the UK
Published: 29 November, 2010 - CSC confirms Simon approach
Capital Shopping Centres confirms bid approach from Simon Property Group
Published: 25 November, 2010 - CSC to buy Trafford Centre in £1.6bn deal
Capital Shopping Centres has confirmed that it is to buy the Trafford Centre, Manchester, in a deal valuing the mall at £1.6bn.
Published: 24 November, 2010
Westfield sells half of Stratford City for £871.5mDutch and Canadian institutions both take 25 per cent stakes in East London megamall
Published: 22 November, 2010- Metric buys Alban Retail Park, Bedford
Metric Property Investments has bought the Alban Retail Park, Bedford from Parkridgefor £9.2m, reflecting a net initial yield of 6.3 per cent
Published: 22 November, 2010 - Metric buys Wick Retail Park
Metric Property Investments has bought the Wick Retail Park in North East Scotland for £10.3m, reflecting an initial yield of 6.5 per cent
Published: 17 November, 2010 - Co-operative Bank refinances Ladysmith shopping centre
The Co-operative Bank has provided a loan of £36m to refinance the Ladysmith shopping centre in Greater Manchester.
Published: 15 November, 2010 - Land Securities returns to profit
Land Securities unveiled a strong set of financial results for the six months to 30 September with pre-tax profits of £455.3m against a loss of £4.6m six months previously.
Published: 12 November, 2010 - Capital & Regional poised to re-enter investment market
Capital & Regional has reported approved performance across its retail funds, and it is once again looking to invest
Published: 12 November, 2010 - F&C invests in retail warehousing
F&C REIT has bought three retail warehouses units in Birmingham and Burton upon Trent for £13.63m
Published: 08 November, 2010 - Shopping centre investment volumes slump
Despite slow sales through the summer a higher number of centres are now on the market
Published: 28 October, 2010 - Dudley retail park changes hands
Oak Retail Park, Dudley, sold to First Property Group for £5.9m
Published: 27 October, 2010
Meyer Bergman buys Burlington Arcade for £104mMeyer Bergman and Thor Equities have bought the UK's oldest mall, Burlington Arcade, for £104m
Published: 26 October, 2010- Henderson trades retail assets
Henderson Global Investors has sold two retail parks and bought a trade park as it actively manages its retail portfolio
Published: 26 October, 2010 - Retail property sales up 90 per cent
Direct investment in retail real estate in Europe during the first three quarters of 2010 rose by 90 per cent, according to Jones Lang LaSalle
Published: 20 October, 2010 - Henderson buys in Glasgow
Henderson Global Investors has bought a 44,000-sq ft mixed use site in Buchanan Street, Glasgow or £36.4m
Published: 19 October, 2010 - Metro Fund sells Notting Hill Gate for £131m
The Metro Shopping Fund, the 50/50 London based retail joint venture between Land Securities and Delancey, has sold its Notting Hill Gate Estate for around £131m to William Pears and LaSalle Investment Management.
Published: 15 October, 2010 - Moorfield plans Darlington extension
Moorfield Group has bought the Post Office building on Crown Street, Darlington to allow an extension to its Cornmill shiopping centre.
Published: 13 October, 2010 - Metric buys Congleton retail park
Metric Property Investments has bought the Congleton Retail Park in South Manchester from North West based investor and developer, Bluemantle, for £14.86m
Published: 12 October, 2010 - Lasalle forward funds Leigh scheme
Salmon Harvester Properties, the joint venture between Salmon Developments and NFU Mutual, has secured forward funding for its 165,000-sq ft retail and leisure scheme in Leigh, Lancashire.
Published: 11 October, 2010 - Crown commits £150m to retail warehousing
The Crown Estate has bought two retail parks in Liverpool and Nottingham for a combined £150m.
Published: 06 October, 2010
Hermes to sell 7.5% Bluewater stakeHermes Real Estate is to sell its 7.5 per cent interest in Bluewater with a £120m price tag
Published: 06 October, 2010
Fidelity buys prime Scottish retail park for £17.4mFidelity’s UK Real Estate Fund has acquired the Hamilton Palace Retail Park for £17.4m
Published: 06 October, 2010- Dolphin shopping centre up for sale
Grosvenor Management Fund have instructed CB Richard Ellis to sell the 530,000 sq ft Dolphin shopping centre in Poole for around £80m.
Published: 06 October, 2010 - Halton Lea on the market
Savills has been appointed to sell Halton Lea Shopping Centre in Runcorn on behalf of the recievers.
Published: 29 September, 2010
TIF unlocks Ocean Terminal extensionEdinburgh’s Ocean Terminal is to be extended after the Scottish Government cleared the way for the UK’s first TIF scheme
Published: 29 September, 2010- Metric buys in Mansfield
Metric Property Investments has bought the Nottingham Road Retail Park in Mansfield from private clients of CBRE Investors for £7.25m
Published: 23 September, 2010
York retail park changes hands in £38m dealING has bought Phase 3 of the Clifton Moor Retail Park in York from Scottish Widows for £37.66m, representing a net initial yield of 5.59 per cent
Published: 23 September, 2010- Aberdeen sells Leeds retail park
Aberdeen sells the Junction One Retail Park for £37.85m, yielding 6.49%
Published: 16 September, 2010 - Metric buys in Coventry
Metric Property Investments has bought Airport Retail Park in Coventry from Citi Property Investors for £18m
Published: 16 September, 2010
Invista buys Leicestershire retail parkInvista Real Estate Investment Management has bought the Nottingham Road retail park in Ashby de la Zouch, Leicestershire from Morbaine for £8.26m. The sale price represents a net initial yield of 6.25 per cent.
Published: 13 September, 2010- Henderson sells another 25 per cent stake in the Brewery
Henderson Global Investors, on behalf of the £1bn Henderson Retail Warehouse Fund, has completed the sale of a further 25 per cent stake in the Brewery in Romford to Prupim, on behalf of its M&G Pooled Pension Property Fund, for £44.5 million.
Published: 08 September, 2010 - Metric measures up Loughborough investment
Metric Property Investments has bought the Gorse Covert shopping centre in Loughborough for £16.8m, reflecting a 6 per cent equivalent yield.
Published: 06 September, 2010 - Land Sec sells Stratford Centre for £91.55m
Land Securities has exchanged contracts for the sale of the Stratford shopping centre in East London to the Catalyst European Property Fund for £91.55m. The price represents a net initial yield to the purchaser of 7.25 per cent
Published: 01 September, 2010 - Invista invests in Aberdeen
On behalf of the St James’s Place Property Unit Trust, Invista Real Estate Investment Management has acquired Westhill Shopping Centre, Aberdeen, from Gladedale Capital for £9.25m, representing a net initial yield of 7.2 per cent
Published: 01 September, 2010 - PRUPIM sells in Bridgend
PRUPIM has sold the Bridgend Retail Park in South Wales to the BA Pension Fund for £18.85m. The sale reflects a net initial yield of 6.6 per cent.
Published: 01 September, 2010 - LIM completes Colchester refurb
LaSalle Investment Management has completed a major refurbishment which has transformed the Lion Walk shopping centre in Colchester
Published: 01 September, 2010 - Prime yields harden
Yields for prime assets improved to 5.5 per cent over the second quarter of 2010, reflecting the fact that shopping centre stock has been relatively limited. Yields for smaller and more secondary assets have remained relatively static with vacancy rates and falling rents continuing to suppress values.
Published: 01 September, 2010 - Prloperty market performance
Stephen Springham, head of retail research at King Sturge, reports that the shopping centre market has seen significantly higher volumes of transactions due to the hardening of pricing, which, in turn, has allowed a number of investors to exit with a profit. However, the activity has primarily been confined to the prime/good secondary end of the market.
Published: 01 September, 2010 - Sapphire Retail goes into administration
Three shopping centres owned by the Reuben Brothers and Lloyds Banking Group have gone into administration.
Published: 26 August, 2010 - Grand Arcade CVA clears way for sale
Two subsidiaries of Modus Properties, the owner of the Grand Arcade shopping centre in Wigan that was placed in administration last year, have successfully negotiated CVAs with their creditors, clearing the way for the sale of the centre.
Published: 06 August, 2010 - Henderson buys in Halifax
Henderson Global Investors has paid £5.7 m for a retail warehouse unit in Berry Lane, Halifax, reflecting a net initial yield of 6.65 per cent.
Published: 05 August, 2010 - Values bounce back at CSC
Capital Shopping Centres, recently demerged from Liberty International, saw a strong rebound in property valuations during the first half of 2010
Published: 05 August, 2010 - Metric buys in Launceston
Metric Property Investments has made its second acquisition since floating in March this year, buying the Launceston Retail Park in Cornwall for £13.5m, reflecting an initial yield of 5.86 per cent.
Published: 05 August, 2010 - Meadowhall investors return to main market
Property veterans Raymond Mould and Patrick Vaughan, founders of Arlington Securities and Pillar Property, are returning to the London Stock Exchange as their new vehicle London & Stamford Property converts to REIT status.
Published: 05 August, 2010 - Prupim buys 25% Brewery stake
The Henderson Retail Warehouse Fund has sold a 25 per cent stake in the Brewery in Romford to Prupim for £44.25m, reflecting a net initial yield of 6.06 per cent.
Published: 02 August, 2010 - Shopping centre yields harden
Prime yields on shopping centre investments fell in the second quarter of 2010, as investment demand exceeding supply, according to Cushman & Wakefield
Published: 30 July, 2010 - Knight Frank sees investment slowdown
The first of 2010 saw more shopping centre investment deals than the whole of 2009, according to Knight Frank
Published: 22 July, 2010 - Property Market Performance
Evidence of a slowdown in the recovery of retail property markets is becoming increasingly apparent. According to IPD’s Monthly Market Segments, capital value growth across all retail property segments in May was just 0.52 per cent, the lowest rate of monthly growth since August 2009.
Published: 22 July, 2010
Metro Fund sells N1 Centre for £112mNorth London retail and leisure centre sold to German investors
Published: 21 July, 2010- LXB in £40m fundraising
Recently-floated developer LXB Retail goes back to market for £40m more to fund more deals
Published: 15 July, 2010 - Pitch buys £8.3m Debenhams store
Mayfair Capital Investment Management’s Property Income Trust for Charities has bought the Debenhams’ Department Store in Southport for £8.3m.
Published: 08 July, 2010 - £3.7bn of retail deals in first half of 2010
Investment in UK retail property reached £3.7bn in the first six months of 2010, according to CBRE
Published: 07 July, 2010 - LXB Retail buys again in Greenwich
LXB Retail announces has bought two further retail sites in Greenwich from Schroder Exempt Property Unit Trust for £21.24m.
Published: 30 June, 2010 - Hammerson increases Cricklewood stake
Hammerson has bought out and Brookfield Europe's stake in the £4.5bn Brent Cross Cricklewood regeneration project in North London
Published: 29 June, 2010 - The Mall sells four centres for £136m
The Mall Fund has continued its disposals programme with the sale of centres in Gloucester, Southampton, Romford and Falkirk to Rockspring for £136m.
Published: 25 June, 2010 - Shopping centre rents set to fall, warns Colliers
Shopping centres are predicted to be the worst-performing property sub-sector for the next two years according to Colliers' authoritative Midsummer Retail Report.
Published: 22 June, 2010 - Double development deal for Legal & General
Legal & General Property has acquired two retail/leisure schemes with development potential in Hounslow and Trowbridge for £43m
Published: 22 June, 2010 - Hammerson in £50m Birmingham retail park deal
Hammerson has bought the remaining 75 per cent stake in the 140,000-sq ft Battery Retail Park in Birmingham from TIAA-CREF for £49.5m.
Published: 21 June, 2010 - Land Securities pre-sells Park Place
Land Securities has pre-sold its Park Place mixed-use development on London's Oxford Street to Barwa Real Estate for £250m
Published: 17 June, 2010 - Metric Property Investments debuts at Damolly Retail Park, Newry
Metric Property Investments, the recently-floated specialist retail REIT, has made its its first acquisition with the £28.4m purchase of Damolly Retail Park, Newry, Northern.
Published: 17 June, 2010 - Meyer Bergman buys Ilford Exchange for £71m
Meyer Bergman has bought The Exchange Shopping Centre, Ilford, from the Mall Fund for around £71m, representing a net initial yield in excess of 8.2 per cent.
Published: 11 June, 2010 - Retail warehouses outperform
According to new research from Savills, retail warehousing delivered a 20 per cent total return in the year to February 2010. This is a dramatic turnaround from a total annual return of minus 28 per cent just 10 months previously.
Published: 10 June, 2010 - PGGM allocates €75m to UK shopping centres
PGGM, a leading Dutch pension fund and asset manager, has invested around €75m in Standard Life Investments UK Shopping Centre Trust.
Published: 08 June, 2010 - NewRiver buys Redevco portfolio
NewRiver Retail has bought a portfolio of six long leasehold sites from Redevco for £19.01m, reflecting a net initial yield of 7.75 per cent.
Published: 07 June, 2010 - Supermarket investment fetches 5 per cent yield
A pension fund client of Colliers Capital has bought a 51,530-sq ft Morrisons store on the Castleton Retail Park in Dover for £17.26m, reflecting a net initial yield of 5 per cent.
Published: 28 May, 2010 - DTZ buys Cobalt portfolio
DTZ Investment Management has purchased the mixed-use Cobalt portfolio from Wellcome Trust for £93.5m. The price reflects a net yield of 6.1 per cent.
Published: 26 May, 2010 - Liverpool car park forward-funded
In one of the UK's first car park investment deals Bouwfonds European Real Estate Parking Fund is to forward purchase Merepark and Ballymore's multi-storey car park at their Central Village mixed-use development in Liverpool.
Published: 25 May, 2010 - Recession shakes up regional retail hierarchy
CACI's annual ranking of the UK’s top retail destinations underlines strength in Glasgow, Liverpool and Newcastle but more difficult times for Leeds and Birmingham.
Published: 25 May, 2010 - PROPERTY MARKET PERFORMANCEColumbus and Chester buy in Motherwell
Columbus UK Real Estate Fund and Chester Properties Investment Partnership have formed a new joint venture to acquire The Brandon Shopping Centre in Motherwell.
Published: 25 May, 2010Sales continue at Capital & RegionalCapital & Regional, manager of the Mall, Junction and X-Leisure funds, is continuing to sell properties according to its latest interim management statement.
Published: 20 May, 2010Land Securities poised to restart developmentAn improving retail backdrop is leading Land Securities to dust off mothballed retail developments.
Published: 20 May, 2010Investment market pauses for breathThe latest IPD figures show the market is still moving forward, but at a slower rate.
Published: 20 May, 2010Retail aids British Land turnaroundThe rebound in commercial property valuations helped stem losses at British Land in the year to 31 March 2010, and the company is cautiously optimistic about the retail sector for this year.
Published: 18 May, 2010NewRiver completes Widnes acquisitionNewRiver Retail Investments, the co-investment joint venture between NewRiver Capital and Morgan Stanley Real Estate Investing, has completed the acquisition of Albert Square Shopping Centre in Widnes.
Published: 18 May, 2010Invista commits to retail warehouse developmentInvista Real Estate Investment Management has announced a commitment to the forward funding of a retail warehouse development in Guildford. The site is being developed by Travis Perkins (Properties) Limited (TPP) on behalf of Travis Perkins Plc (TP) and has been pre-let to a TP group company – Wickes Building Supplies Limited – for 25 years.
Published: 17 May, 2010Invista funds Guildford retail developmentInvista Real Estate Investment Management has agreed to forward fund a retail warehouse development in Guildford, which Travis Perkins is developing with a new Wickes store.
Published: 17 May, 2010South Wales shopping centre sells for £24mRockspring has bought the St Tydfil Square Shopping Centre in Merthyr Tydfil, South Wales, for £24m. The sale price reflects a yield of more than 9.25 per cent.
Published: 11 May, 2010CSC outperforms ahead of demergerAs it prepares for its demerger from Liberty International, Capital Shopping Centres has reported strong performance in the first quarter of 2010.
Published: 05 May, 2010Land Securities buys stake in Westgate, OxfordLand Securities has today has bought a 50 per cent stake in the Westgate Centre, Oxford from The Crown Estate for just over £28m representing a yield of 6.75 per cent. The property will be jointly held in a new limited partnership.
Published: 04 May, 2010Low void levels boost London & AssociatedShopping centre investor London & Associated Properties reported an improved set of results for the year to 31 December 2009.
Published: 30 April, 2010Hammerson detects retail upturnHammerson has reported an improving picture at its UK malls in a management update for the first quarter of 2010.
Published: 29 April, 2010Retail Profile acquired for £6.3mSpaceandPeople has announced today it will acquire Retail Profile, the UK's leading provider of Retail Merchandising Units (RMUs) for £6.3m, subject to shareholder approval.
Published: 28 April, 2010UK insolvencies rose last month despite a good year-on-year performanceInsolvency rates in the UK rose between February and March this year but overall figures are down compared to 2009, according to Experian.
Published: 20 April, 2010The Junction sells £60m Aylesbury parkThe Junction, Capital & Regional's retail park fund, has continued its disposals programme with the sale of the 200,000-sq ft Cambridge Close Retail Park in Aylesbury.
Published: 16 April, 2010Standard Life buys in BuryStandard Life Investments Property Income Trust has bought a 41,280-sq ft retail warehouse in Bury, Greater Manchester for £5.3m.
Published: 15 April, 2010
Metric Property is the latest retail property specialist to come on the marketMetric Property Investments, a specialist retail property investor formed by three ex-British Land directors, has raised £190m by becoming the first REIT to float on the London Stock Exchange since the crash.
Published: 15 April, 2010Shopping Centre yields continue to hardenDemand for shopping centre investments is forecast to continue improving, with UK funds leading the way, forecasts Knight Frank.
Published: 13 April, 2010Land Securities buys 02 Centre for £126mLand Securities has completed the off market purchase of The O2 Centre, Finchley Road, London NW3 from the Matterhorn Palos Partnership, for £125.9m representing a yield of 6 per cent.
Published: 12 April, 2010Borough Council buys The Malls, Basingstoke off KPIBasingstoke and Deane Borough Council exchanged contracts yesterday to buy The Malls shopping centre from co-owner Key Property Investments (KPI), a joint venture between St. Modwen Properties plc and Salhia Real Estate Company. The council is purchasing the property company's 65 per cent share, and becoming the sole owner of the town's shopping centre.
Published: 01 April, 2010Henderson sells Leeds retail park for £54mHenderson Global Investors’ Retail Warehouse Fund has sold its Junction 27 Retail Park in Leeds to The UK Commercial Property Trust for £56.63m, reflecting a net initial yield of 6.15 per cent.
Published: 30 March, 2010CBRE predicts strong retail investment marketThe rebound in the UK retail investment market is expected to maintain momentum throughout the first half of 2010 according to latest research from CB Richard Ellis.
Published: 26 March, 2010Treasury looks for Battersea funding partnerTreasury's UK arm, Real Estate Opportunities, has appointed Cushman & Wakefield to secure funding for the redevelopment of London' Battersea Power Station.
Published: 24 March, 2010Metric Property float raises £175mMetric Property, the new property company set up by three former British Land directors, has completed its fund raising and beaten its target, raising £175 from investors.
Published: 19 March, 2010Cordea Savills buys South West London retail park for £14.4mCordea Savills, the international property fund manager, has acquired the Apex Retail Park in Twickenham for £14.4m on behalf of the Charities Property Fund.
Published: 18 March, 2010Primary schemes are the answer to slow-down in shopping centre development, says Jones Lang LaSalleA 28 per cent decline on new shopping centre space across Europe in 2009 brought an end to three consecutive years of development growth, according to Jones Lang LaSalle.
Published: 18 March, 2010Thornfield Properties follows its parent company into administrationThornfield Properties will go into administration this week following the demise of parent company Thornfield Ventures earlier this year.
Published: 17 March, 2010Investment in retail property continues at the slowest rate for six monthsThe recovery in retail property investment markets continued in January, albeit at a more pedestrian rate than the closing months of 2009. IPD data shows capital values for all retail increased by 1.03 per cent in January, the slowest monthly rate of growth since August 2009.
Published: 17 March, 2010NorthWest cities agree to Atlantic Gateway regeneration planA concept first put forward by The Peel Group, owners of The Trafford Centre, for the regeneration of the North West ship canal corridor has today been taken forward.
Published: 16 March, 2010Centros buys Tower Centre, HoddesdonCentros has acquired the ailing 1960s-built Tower Centre in Hoddesdon, Hertfordshire, from UBS.
Published: 12 March, 2010Capital Shopping Centres demerger confirmedLiberty International has confirmed that it is to split into two separate quoted companies – Capital Shopping Centres and Capital & Counties.
Published: 09 March, 2010Ex-British Land trio measure up Metric floatMetric Property Investments, a specialist retail property investor formed by three ex-British Land directors, is to raise £150m by floating on the London Stock Exchange.
Published: 08 March, 2010Mall sells St George's shopping centre, PrestonCapital & Regional, asset manager of the Mall Fund, has completed the sale of the St George's Shopping Centre in Preston to Aviva Investors Property Trust for £87m reflecting an initial yield of 7.64 per cent.
Published: 08 March, 2010Meyer Bergman confirms £130m Bentalls purchaseDutch property investor Meyer Bergman has acquired a 50 per cent stake in The Bentall Centre, Kingston-upon-Thames, from Aviva for around £130m.
Published: 06 March, 2010Henderson sells Wilmslow retail park for £47mHerald, Henderson Global Investors’ €900m pan-European retail property fund, has sold the Stanley Green retail park in Wilmslow, Manchester, to PruPIM for £47m reflecting a net initial yield of 5.3 per cent.
Published: 02 March, 2010NewRiver JV buys two mallsSpecialist retail investor NewRiver has set up a £250m fund with Morgan Stanley to buy UK retail property, and it has kicked off the business with a £49m portfolio purchase from UBS.
Published: 01 March, 2010Scarborough picks up Modus schemesScarborough Development Group has bought eight Modus Group property companies out of administration for £37m.
Published: 26 February, 2010Centros selected to asset manage Houndshill, BlackpoolCentros has been selected by Anglo Irish Bank to asset manage the 400,000-sq ft Houndshill Shopping Centre in Blackpool.
Published: 26 February, 2010Mall Aberdeen sale raises £47mThe Mall fund has sold its Aberdeen Shopping Centre to a client of Rockspring Property Investment Managers for £47.4m reflecting an initial yield of 7.9 per cent.
Published: 25 February, 2010Woking Council buys Wolsey PlaceWoking Borough Council has bought out IM Properties' lease on the 230,000-sq ft Wolsey Place shopping centre in a £68m deal.
Published: 23 February, 2010Retail helps Hammerson stem lossesHammerson's UK retail holdings contributed to an improved performance at the Anglo-French REIT. The pre-tax loss for the year ended 31 December 2009 was £453.1m, down from £1,611.5m in 2008.
Published: 22 February, 2010Standard Life buys East Kilbride retail parkStandard Life Investments has bought the East Kilbride Retail Park on behalf of Standard Life Investments’ UK Property Fund, for £18.145m reflecting a yield of 6.54 per cent.
Published: 17 February, 2010Retail property forecast to outperformRetail is tipped to be the top-performing property sector in the UK, according to a new economic forecast from BNP Paribas Real Estate.
Published: 12 February, 2010British Land benefits from out-of-town biasBritish Land unveiled a strong set of third-quarter results, driven in part by the revival in the out-of-town retail market.
Published: 09 February, 2010Crown Estate buys Oxford's Westgate CentreThe Crown Estate has continued its push into the shopping centre sector, exchanging contracts with Capital Shopping Centres to buy the Westgate Shopping Centre in Oxford
Published: 06 February, 2010Capital Shopping Centres in demerger planLiberty International, parent company of Capital Shopping Centres and Capital & Counties, has confirmed that it is considering floating the two as separate businesses.
Published: 05 February, 2010British Land buys Macclesfield supermarket for £30mBritish Land has increased its exposure to the foodstore sector, buying the freehold of a Sainsbury’s supermarket in Macclesfield, Cheshire, for £30.5m, reflecting a net initial yield of 5.0 per cent.
Published: 04 February, 2010Lewisham pounces on Catford centreSt Modwen Investments has exchanged contracts to sell its Catford shopping centre in south-east London to Lewisham Council for £11.52m. A new regeneration body is to be set up to take over the running of the centre.
Published: 03 February, 2010BCSC: Secondary shopping centres 'at risk'Almost half the shopping centre investment deals completed in the past five years risk unravelling because the purchasers cannot service their loans, according to new research from DTZ and the BCSC. In all £10.1bn of deals could go bad.
Published: 02 February, 2010Buchanan Galleries extension receives tax funding boostLand Securities and Henderson's plans for a major extension to the Buchanan Galleries centre in Glasgow have moved a step closer with the city council's decision to back an application for Tax Increment Funding to support the project.
Published: 25 January, 2010Capital Shopping Centres in £525m Lakeside refinancingCapital Shopping Centres has successfully refinanced its flagship asset, the 1.4m-sq ft Lakeside Shopping Centre in Thurrock. A consortium of seven banks has advanced a new seven-year, £525m loan.
Published: 31 December, 1969
- Charles Miller quits JLL for NewRiver
- CBRE boosts UK retail management division
- Realm to operate London Designer Outlet
- Four new deals for Buchanan Street development
- Urban Outfitters chooses Meadowhall
- Planning permission granted for Charter Walk...
- Plaudits for Portas
- New baby changing facilities at Braehead
- Meadowhall opens its doors to young enterprise
- LGP unveils plans for new phase in Hounslow





