UK retail sales values were up 1.0 per cent on a like-for-like basis from August 2009, when sales had fallen 0.1 per cent. On a total basis, sales were up 2.8 per cent against a 2.2 per cent increase in August 2009
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This week has seen the opening of the Debenhams flagship store in SouthGate Bath. This represented the completion of the third and final phase of the main retail project. The retail area of the scheme is now over 85 per cent let with keen interest in the few remaining units.
The Experian UK FootFall National Index for August 2010 saw a 1.8 per cent rise compared to the same period last year and month-on-month decline of 0.2 per cent compared with July 2010.
Superdry is to open a store at Chapelfield shopping centre in Norwich on 16 September.
Metric Property Investments has bought the Gorse Covert shopping centre in Loughborough for £16.8m, reflecting a 6 per cent equivalent yield.
Six new tenants are to join Aberdeen Asset Management’s retail warehouse portfolio, totalling 83,800 sq ft of space.
Vinci Park has acquired Meteor Parking from the Go-Ahead Group, in a move which will double the specialist parking operator’s size in the UK
Following a successful launch in Bluewater, music and lifestyle brand Hed Kandi has chosen Liverpool One for its first store in the UK outside the South East
Hermes Fund Managers has appointed Chris Taylor as chief executive officer of Hermes Real Estate Investment Management, one of the largest real estate managers in the UK, with over £5.8bn of assets under management
House of Fraser is to undertake a £5m refurbishment of its Meadowhall store, creating a regional flagship and introducing a significant number of new concessions
Cushman & Wakefield has recruited Capital & Regional’s national property manager Anne Rush as Partner in its expanding retail asset management team.
Gap Outlet and Holland & Barrett are the latest signings confirmed for the Lowry Outlet Mall in Salford Quays, Greater Manchester.
With 2010 proving to be a pivotal year, Shopping Centre has scheduled a series of forums across the UK & Ireland. If you are a developer, owner, operator or manager of shopping centres, or you supply the sector, then join us at Retail Destinations 2010, a nationwide debate on the future of your industry.
