Issue 2018 March 13th


    Fashion retailer latest to hit problems in troubled UK market

    UK-based value fashion retailer New Look is considering closing as many as 60 stores, putting up to 980 jobs at risk. The retailer has confirmed plans for a restructuring process called a company voluntary arrangement (CVA), which could involve the closure of more than 10% of its 593 stores, while a further six sites have [...]
    breda savills

    Savills IM launches successor European retail fund

    Savills Investment Management, the international real estate investment manager, yesterday announced the launch and first closing of its Europe V – Retail Fund. The fund will invest in local shopping centres, retail parks, designer outlet centres, high street and other retail assets across Europe. Europe V is targeting a total return of 10-12% net per [...]

    European investor and Chinese platform seek European assets

    Avignon Capital, the London-based European property investment and asset management business, has formed a strategic partnership with CLSA, Asia’s leading capital markets and investment group and the international platform of China’s largest investment bank CITIC Securities. The partnership will create an expanded European real estate investment management platform with Avignon Capital acting as CLSA’s partner [...]

    Local authority back Sheffield mixed-use scheme

    Sheffield City Council and its strategic development partner, Queensberry, have announced that the Council will commit as investor to drive forward proposals to complete its transformative city centre regeneration scheme, formerly known as the Sheffield Retail Quarter. If approved at a Cabinet meeting on 21 March, the Council will act as the primary development investor [...]

    intu on the hunt for next big thing in retail

    Following a successful first year, intu Accelerate 2018 is now open for applications from start-ups at An eight-week incubation programme will be set up to help create the perfect shopping experience. intu, owner of some of the UK’s largest and most popular shopping centres, such as intu Trafford Centre, intu Lakeside and intu Metrocentre, [...]