Saturday, January 23, 2021
British Land Simon Carter

British Land to offload £650m worth of retail assets

British Land is reportedly targeting asset sales of around £650 million over the next six to 12 months as it seeks to be "comfortable around regional economic growth".
British Land Simon Carter covid-19 pandemic lockdown

British Land’s retail estate drops in value as CVAs increase

British Land has seen the value of its retail portfolio drop as its retail tenants turn to CVAs and the Covid-19 pandemic continues to wreak havoc in the retail sector.
Landsec swings to £835m half-year loss

Landsec swings to £835m half-year loss

Landsec has swung to an £835 million loss as local Covid-19 restrictions continued to affect its recovery pre-lockdown.
Westfield issues legal threat to The Entertainer & Hugo Boss over unpaid rents

Westfield issues legal threat to The Entertainer over unpaid rents

Westfield has reportedly threatened The Entertainer with legal action over unpaid rent arrears just as England (...)
Footfall plummets 31.5% across retail destinations in October

Footfall plummets 31.5% across retail destinations in October

Springboard finds footfall down at all retail destinations in October High streets suffered the worst blow, down almost 40% year-on-year. Looking ahead to peak trading, Springboard warns: "the spending lost from stores in these key trading weeks will simply not be recovered”.
Unibail-Rodamco-Westfield Christophe Cuvillier

Westfield owner warns of second lockdown affecting footfall recovery

Unibail-Rodamco-Westfield (URW) has reported a recovery in footfall in its third quarter as European centres were open and tenant sales continued to rise.
Intu Metrocentre Sovereign Centros

Intu Metrocentre taken over by shopping centre operator

Intu Metrocentre has been acquired by London-based real estate developer Sovereign Centros, as the assets of former landlord Intu continue to be offloaded.
Landsec Mark Allan covid-19 pandemic

Landsec to “reimagine” retail and offload a third of its £12.8bn assets

Bluewater shopping centre owner Landsec has said it will offload close to a third of its £12.8 billion portfolio in an effort to focus on growth opportunities..
Intu Lakeside, Watford, Victoria and Braehead snapped up

Intu Lakeside, Watford, Victoria Centre and Braehead under new management

Four Intu SGS centres under new management by Global Mutual.
Intu Potteries MAPP APAM KPMG administration

Intu Potteries snapped up by property group following administration

Intu Potteries has become the latest centre to be moved to new management after previous owner Intu fell into administration..

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