A well positioned portfolio and record leasing has driven a strong performance at retail property specialist Hammerson. David Atkins, chief executive of Hammerson, said: “In recent years we have actively rebalanced the weighting of our portfolio towards high footfall destinations in
Consumer spend dropped by 20% following Brexit, according to Coniq, a European marketing insight platform for shopping centres. With consumer confidence reportedly dipping to its lowest level in 22 years in July following the UK vote to leave the EU in
Hammerson’s Retail Tracker (HART), which monitors sales activity across its UK-wide portfolio of shopping centres, reported a 0.5% like-for-like uplift in sales during July as UK shoppers snapped up goods for summer holidays and special occasions, and tourists made the
Calmer waters economically, but mounting headwinds elsewhere – it will not be plain sailing for the UK retail market in 2016. On the one hand, the picture is positive. The macro economy is in a healthy state going into the New
Annual investment in shopping centres is predicted to reach £4.3bn, falling short of 2014’s nine-year high, according to research from CBRE.
Brits are not waiting for Christmas to get spending at the shops. New research by intu, the owner, developer and manager of many of the UK’s prime shopping centres, shows the majority of British adults have a full shopping list
Birmingham’s new Grand Central shopping centre encapsulates the future for high street retail, argues Heiner Evanschitzky, professor and chair of marketing at Aston Business School There are many challenges facing today’s bricks and mortar retailers as the market reshapes to match
CBRE, the global real estate advisor, has appointed Peter Barber to its UK asset services business as an operations manager within its growing shopping centre practice. Barber will manage the operational requirements for 15 shopping centres in the South of England.
After a number of large-scale malls were delivered to the European market in H2 2014, Russia has now broken France’s 43-year reign as Europe’s largest shopping centre market – according to new research from global property adviser Cushman & Wakefield. Accounting
Intu, the leading owner and manager of prime regional shopping centres in the UK, has opened a world-class customer lounge, packed with premium, time-saving services and enhanced facilities, located in the heart of intu Lakeside. Roger Binks, customer experience director
Retailers wanting to reach millions of UK’s shoppers across the forthcoming Black Friday weekend (28 November to 1 December) will welcome the significant footfall expected at intu shopping centres through local promotions, experiences and events designed with customers in mind, the company
Retail Path, the apprenticeship initiative from the BCSC Educational Trust to support young people into jobs and training, has welcomed its first new recruits this week. Four apprentices have started out on a fresh new career path with a
The Mall Fund is launching its annual Retail Factor competition across its shopping centre portfolio. Partnering with Ingenious Britain, the Mall Fund is calling for entrepreneurs across the UK to apply for the chance to trial their ideas in the
Retail property specialist, Hammerson, has partnered with marketing firm, NexusEngage, to deliver digital pop-up windows across Hammerson’s portfolio of UK shopping centres. The agreement allows NexusEngage to offer consumer brands cutting edge, digital pop-up windows within Hammerson’s 11 UK centres including Brent Cross
Standard Life Investments has appointed two new shopping centre managers at The Thistles, Stirling and The Atrium, Camberley. Tony Wilkes has been appointed as centre director for The Thistles, Stirling. Wilkes has a long and successful track record in shopping centre
Seventy per cent of full-time working mothers in the UK can decide what to buy within three minutes of entering a store, according to the Westfield How We Shop Now survey. It seems their well-honed decisiveness may be attributed to
NewRiver Retail (NRR), the UK’s fourth largest owner of shopping centres and specialist real estate investment trust focused (REIT) on the UK food and value retail sector, has announced a partnership with WiFi provider The Cloud to offer free WiFi
The UK high street will gradually recover over the next seven years and by 2020 the number of empty shops will have fallen from its current level of 12% (of total floor space) to about 7% (a similar level to
UK retailers saw their customer footfall recover in the week ending 19 May 2013 compared with the same week in 2012, according to the International Council of Shopping Centers (ICSC) and Path Intelligence and as measured by the Path Index.
Retailer demand will continue to be driven primarily by the structural changes being brought about by the internet, while the sluggish economic outlook will dampen overall activity, according to the latest retail research by property firm, Knight Frank. Central London
Robert Bonwell, CEO of Europe, Middle East and Africa (EMEA) Retail at Jones Lang LaSalle, has been appointed chair of the International Council of Shopping Centers (ICSC) European retail asset management committee. His appointment will be effective from the ICSC
Leading UK shopping centres have reported record footfall on Boxing Day and over the festive period in general. Manchester Arndale, the UK’s largest inner city shopping centre, said it has seen one of its busiest Boxing Days to date. The
Commercial property firm, Land Securities, has secured an exclusive tie-up with Google Product Search to offer the web-based service across its UK shopping centre portfolio. According to Land Securities, the move is part of the company’s strategy to ensure it
In the third in a trio of articles focused on opportunities in retail property, Darina Kerr, partner in the real estate team at UK law firm Dundas & Wilson, on why shopping centre entertainment must be relevant to the retail
Amazon and Asos will be on the high street in eight years’ time, according to a leading commercial property firm. Commenting on figures released today by property performance analyst, Investment Property Databank (IPD), which found shopping centres were 38.4% below
