A buyer is being sought for the prime retail location in Aberdeen city centre formerly occupied by John Lewis. Real estate advisor Savills has been appointed to fill the 200,000 sq ft, four-storey space.
Thriving London Designer Outlet in Wembley Park is securely on the recovery trail as the centre “sees sales approach pre-pandemic levels, having taken on a raft of new brands over the course of the past two years."
Just how Important shopping centres are to town centres becomes clear with the latest move in Burnley. The Lancashire town’s council has purchased the Charter Walk Shopping Centre for a cut-price £20.7m.
Fast-growing sportswear retail brand Castore is to open a new store in Glasgow in early September, its first standalone flagship in the city. The 2,000 sq ft ground floor and basement site will open on Buchanan Street.
Pradera Lateral is the surprise choice to manage the Trafford Centre. Its appointment follows a “competitive” tender process, with little-known Pradera beating industry giant Westfield to oversee the Manchester mall.
The size of debt that forced Arcadia into administration was revealed Wednesday: £750 million. However, the group’s administrator Deloitte warned the final figure was expected to be "materially higher”.
Activity around the break-up of the Arcadia fashion retail empire is continuing and while the sale of Evans is the only firm development so far, it has emerged that the heavily mortgaged Topshop flagship is up for sale.
Frasers Group is continuing to focus on physical retail space as it take over a key soon-to-be empty Debenhams store and opens a next-gen Sports Direct flagship that also integrates other brands into its giant space.