Capital & Regional raises £25m for The Gyle Shopping Centre acquisition
Capital & Regional, the UK-focused REIT with a portfolio of in-town community shopping centres, has raised £25m through an open offer of shares to part fund the acquisition of The Gyle Shopping Centre.
HMV owner steps in with last-minute bid for parts of financially stricken Wilko
HMV owner Doug Putman has reportedly stepped in at the last minute with a bid to purchase parts of financially stricken budget retailer Wilko.
Ikea Oxford Street opening pushed back over ‘complex’ renovations
The much-anticipated opening of Ikea’s Oxford Street store has been pushed back until next year due to the complexity of the renovations required for the building.
St Helens council wins CPO battle with pub unlocking town centre regeneration plans
A government planning inspector has ruled in favour of St Helens Borough Council’s compulsory purchase order (CPO) for a pub to make way for a major town centre redevelopment.
AshbyCapital refinances £50m retail park
AshbyCapital has refinanced two of its retail parks with a three-year, £50m loan facility provided by Deutsche Hypo.
‘Majority’ of Wilko stores to close as administrators fail to find buyer
The majority of Wilko stores will close after administrators failed to find a buyer willing to take over the budget retail high-street giant.
Wilko reportedly sold flagship warehouse for £40m below true value
Financially troubled budget retailer Wilko sold its flagship depot for £48m only for it to reportedly be flipped by its new owner for £88m just two months later, it has emerged.
Redevco builds up assets and development management team
Regeneration specialist Redevco has strengthened its asset and development management team with a trio of promotions and new appointments.
Discount stores in out-of-town retail space grab
Discount grocers and value homeware brands dominated new store openings on out-of-town retail retail parks in the first half of 2023, according to a report by Savills.
DTZ Investors bags Islington Sainsbury’s for £56m
DTZ Investors has paid Lothbury £56.25m for a Sainbury’s store in Islington, north London, reflecting a net initial yield of 4.4%, and said it is on the lookout for further supermarket investments.
