- USS sells Telford mall for £442mPublished: 01 June, 2007
In one of the biggest-ever shopping centre sales a joint venture between Apollo Real Estate and Hark Group has acquired the 1million-sq ft Telford shopping centre from Universities Superannuation Scheme for £442m. This reflects a net initial yield of 4.86 per cent.
(Page 1: 242 words) - Debenhams in Darlington dealPublished: 01 June, 2007
Debenhams has agreed to take the 93,000-sq ft anchor store at The Oval, Discovery Properties' 394,000-sq ft shopping and leisure scheme in Darlington. The retailer has signed a new 25-year lease and plans to open in autumn 2010.
(Page 1: 113 words) - Princesshay hits 80 per cent pre-letPublished: 01 June, 2007
Princesshay, Land Securities' 480,000 sq ft retail-led project in Exeter, is now 80 per cent pre-let ahead of its autumn opening following eight new lettings.
(Page 2: 194 words) - Centros Miller lodges Lancaster applicationPublished: 01 June, 2007
Urban regeneration specialist Centros Miller has submitted outline plans for the re-development of the Canal Corridor North site, a 10-acre retail-led mixed-used scheme in Lancaster. Following extensive pre-application consultation, a hybrid outline application has been submitted to Lancaster City Council together with a number of associated listed building and conservation area applications. The scheme will be anchored by a new 105,000-sq ft Debenhams department store as part of 300,000 sq ft of new shopping.
(Page 2: 268 words) - Boultbee sells its Maidenhead mallPublished: 01 June, 2007
Boultbee has sold the 130,800-sq ft Nicholsons shopping centre in Maidenhead to Irish Life Assurance for £85m. Key tenants include Tesco Metro, Argos, Next, WH Smith and Ottakars and the sale represents an initial yield of 5.20 per cent and an equivalent yield of 5.75 per cent.
(Page 2: 83 words) - Golden opening in WarringtonPublished: 01 June, 2007
The £120m redevelopment of Golden Square in Warrington, which has more than doubled the size of the previous centre, has opened its doors to the public. The 365,000-sq ft extension, developed by the Warrington Retail Limited Partnership, opened almost 90 per cent let.
(Page 2: 103 words) - Westfield Derby to open earlyPublished: 01 June, 2007
Westfield and Hermes, joint owners of Westfield Derby, have brought forward the opening day for the £340m redevelopment by six months. It will will now open on 9 October 2007.
(Page 2: 177 words) - Planning reformPublished: 01 June, 2007
A government shake-up in planning laws, following last month's White Paper, will have significant implications for out-of-town retail development.
(Page 2: 616 words) - Ground-breakingPublished: 01 June, 2007
News that Westfield has brought forward the opening of its Eagle Centre extension in Derby from spring 2008 to autumn 2007 has once again focused attention on the crowded shopping centre development pipeline over the next five years.
(Page 4: 680 words) - viewpointPublished: 01 June, 2007
The ICSC Spring Convention in Las Vegas is something everyone in the industry should try and visit, if only once.
(Page 7: 331 words) - Soggy May dampens salesPublished: 01 June, 2007
The latest Retail Sales Monitor from the British Retail Consortium and KPMG shows that UK retail sales rose by just 1.8 per cent on a like-for-like basis, compared with May 2006, when sales were up 3.6 per cent.
(Page 7: 297 words) - Food feedbackPublished: 01 June, 2007
The unit, one of 25 branches in the Clapham House Group-owned chain, has been trading for nearly six weeks and, significantly, is the first outlet to open directly opposite a Burger King.
(Page 7: 281 words) - Sporting prowessPublished: 01 June, 2007
Fashionable and exclusive brands have been key to the success of JD Sports - one of today's most recognised stores in the UK's towns and cities.
(Page 8: 660 words) - marketeerPublished: 01 June, 2007
The four pillars of retail marketing, are Product, Price, Promotion and People. From time to time further "Ps" are proposed - Process, Place etc. To get your e-mails flying I'd like to propose another - Politics.
(Page 8: 277 words) - Aiming for the topPublished: 01 June, 2007
From a standing start six years ago Multi Development has amassed a £1bn portfolio of UK projects, with schemes on site in Belfast and Bath, and another in Wolverhampton going through the planning system. But the company's UK managing director Paul Sargent is still hungry for more.
(Page 10: 1242 words) - The endless possibilitiesPublished: 01 June, 2007
Mall promotions are these days almost as familiar a sight in shopping centres as the tenants themselves, but what makes companies choose to promote their products or services in a particular shopping mall and how do shopping centres ensure the promotions are right for their customers?
(Page 12: 1984 words) - Safety firstPublished: 01 June, 2007
Mall promotions, RMUs, vending machines and screen advertising are all brilliant sources of additional revenue for shopping centres, but if the design and layout of the mall is not right then it could all be a non-starter.
(Page 16: 803 words) - In the airPublished: 01 June, 2007
Through the advent of Bluetooth and wireless technologies, shopping centres are discovering new ways to generate additional income from the malls without affecting the fabric of the building or taking up any mall space.
(Page 19: 435 words) - movesPublished: 01 June, 2007
BRITISH LAND has appointed CLAIRE COOPER as senior asset manager at the Meadowhall shopping centre. Prior to joining British Land, she was Terminal 5 project director at BAA with responsibility for strategy and the leasing of 250,000 sq ft of retail space at Heathrow's new Terminal 5.
(Page 21: 913 words) - Lance leads ten-mile desert ridePublished: 01 June, 2007
More than 55,000 gathered last month for the 50th ICSC spring convention in Las Vegas. The sheer scale of the event was breathtaking: the two million sq ft leasing mall where major landlords woo retailers to take space in their malls was three quarters of a mile across, and it often took half an hour to get from one meeting to the next.
(Page 27: 175 words) - White City name refuses to diePublished: 01 June, 2007
On its massive stand at ICSC, Westfield gave pride of place to a model of Westfield London, the million-sq ft megamall due to open next year in West London.
(Page 27: 102 words) - Brits caught in closed shopPublished: 01 June, 2007
It's good to see the land of the free living up to its name. One exhibitor at ICSC found that its valuable model had been damaged in transit and needed urgent repairs before going on display.
(Page 27: 118 words) - Support for the prosPublished: 01 June, 2007
The BPA has launched the Institute of Parking Professionals (IPP), an independent body representing individuals engaged in the UK parking industry and traffic management sectors.
(Page 3: 242 words) - Varioflex means drivers can hardly wait at FrenchgatePublished: 01 June, 2007
Parkeon has installed three additional Varioflex automatic pay stations at the newly-extended Frenchgate Interchange in Doncaster, increasing the total number provided to nine.
(Page 3: 145 words) - CPV gives Scotland a winning handPublished: 01 June, 2007
CPV, the fixed valet hand car wash business, has announced its growth plans for Scotland as it secures new shopping centre and supermarket locations in Edinburgh, Glasgow and Irvine.
(Page 3: 96 words) - All systems goPublished: 01 June, 2007
Exhibitors at this year's Parkex International launched a variety of new products at the show, which, for the second time, had joined up with Traffex and EWX External Works at the NEC Birmingham.
(Page 4: 454 words) - Top deck high lifePublished: 01 June, 2007
Pleasant, grassy areas, five-a-side football pitches, tennis courts, places to eat and relax with nice views. Sound like an ideal place to spend a Sunday afternoon? Then soon you could be heading to your local shopping centre car park to enjoy this experience.
(Page 6: 1086 words) - Not a free-for-allPublished: 01 June, 2007
Parking enforcement may not be a favourite topic among shopping centre and retail park managers, but for some, it is a vital part of their car park operation.
(Page 8: 1317 words)
Have headline rents in shoping centres started to fall?
- Spalding outlet springs into life
- Orchard Street signs five at Gretna Gateway
- Tiffany and Mulberry sign at Westfield London
- Quakers Friars restaurant line up complete
- Bouverie Place goes on site in Folkestone
- ING Britannica signs three in Oldham
- Capital growth
- Thurrock Decathlon in make or break for sport...
- Tesco and Next anchor Imperial Park extension
- Hercules sells Colne Valley Retail Park, Watford



